Crypto analysis: Cardano (ADA) and Binance (BNB) chart analysis

Cryptocrit

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Cardano's price went into a pause after reaching a local high at $0.647. Even though it tried to go higher at $0.680, the upward momentum didn't support it. Now, ADA is moving sideways and is currently trading at $0.608.

However, ADA has been making higher low points, showing that people keep buying when the price goes down. In the short term, Cardano's price might break the trend line connecting the higher lows since December 8. This could briefly go below the weekly support level at $0.567 and try to touch the equal lows around $0.541.

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