ADA and BNB Price Analysis for December 20

The prices of most of the coins keep rising, according to the CoinMarketCap ranking.

ADA/USD

The price of Cardano (ADA) has declined by 1.22% over the last 24 hours.

On the daily chart, the rate of ADA is trading sideways, as none of the sides has accumulated energy for a further sharp move.

In addition, the volume has also fallen, which means that ongoing consolidation in the area around $0.60 is the more likely scenario until the end of the week.

ADA is trading at $0.5893 at press time.

BNB/USD

Unlike ADA, the price of Binance Coin (BNB) has increased by 1.48%.

The rate of BNB is trying to break the interim zone of $260. If buyers manage to fix above that mark, there is a good chance of a test of the resistance level of $268.4 shortly.

BNB is trading at $255.7 at press time.

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