Cryptocurrencies seem to be losing the battle again today and many of the coins listed on CoinMarketCap are trading in the red. Cardano (ADA) is an exception, as it is still up 0.40% on the day. On the other hand, Binance Coin (BNB) is struggling and has dropped 0.27%.

Cardano (ADA) is trading between the support at $0.37 and the resistance at $0.4093, with buyers needing to regain their footing in order to break to the $0.42 zone. At press time, it is trading at $0.3889 and showing signs of modest gains.

Meanwhile, Binance Coin (BNB) seems to be in the hands of sellers and is close to the support at $302. It needs to keep above the key level of $310 in order to prevent a drop to the critical zone at $300. Currently, it is trading at $310.8, suggesting a shift in momentum in favor of the buyers.

Overall, buyers need to regain traction to counter the bearish trend in the market. With many coins seeing drops, Cardano (ADA) is one of the few that has seen a bit of an upside, but investors need to wait for further price action before drawing definite conclusions about the near future. As for Binance Coin (BNB), it needs to break above the key mark of $310 if it is to avoid a possible drop to $300.



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