Some cryptocurrencies are displaying promising movements towards recovery in the market, as reported by CoinStats analysis. The price of Cardano (ADA) has experienced an increase of nearly 2% within the past 24 hours. On the daily chart, there is a possibility of a local bounce back, and traders are advised to monitor the closure of the bar closely. If the bounce occurs around the $0.3740 mark, it might empower buyers to push the price towards $0.38. At present, ADA is valued at $0.37.
Following the path of ADA, Binance Coin (BNB) has also seen a rise of 1.72%. The price movement of BNB mirrors that of ADA. Should buyers maintain their momentum till the end of the day, there is a likelihood of testing the resistance level at $551 by the week's conclusion. Currently, BNB is trading at $521.
