Cryptocurrencies continued to trade in the green on October 10. The global cryptocurrency market capitalization registered an increase of 0.69% to reach $ 2.29 trillion, however, the market volume decreased by 15.86% in the last 24 hours. Cardano showed positive price development, while Binance Coin and Solana appeared to be set for rough days.

Cardano (ADA)

ADA / USD, TradingView

Cardano has climbed nearly 0.34% in the past 24 hours and was trading at $ 2.27 at the time of writing. The resistance mark stood at $ 2.9 while the price appeared to consolidate near $ 2.1. Technical indicators have shown signs of bullish price action.

relative strength index for most sessions it stayed above the midline, indicating that the momentum belonged to the buyers. MACD approached a bullish cross pointing to an uptrend. Awesome oscillator flashed medium sized green bars on its histogram giving a strong clue to buyers.

Binance Coin (BNB)

BNB / USD, TradingView

Since rebounding from the September 26 low, BNB price has hovered within a bullish channel. However, its price has fallen 0.50% to $ 420 in the past 24 hours, at press time.

A macro view suggested that prices have shown a recovery due to the reappearance of buyers in the market since the end of last month. relative strength index stood near the 60 mark during the majority of recent sessions, indicating that price dynamics belonged to the buyers. However, at the time of going to press, it was below 50.

MACD approached a bullish cross earlier this month, however, it flashed red signal bars during its last session. Awesome oscillator displayed optimism with its green histogram bars.

Solana (SOL)

SOL / USD, TradingView

Solana fell 3.15% to $ 154 in the past 24 hours. Overhead resistance was capped at $ 202. As of the start of this month, Solana has been making slow progress, however, the price appears to have consolidated near the $ 150 mark.

relative strength index was near oversold levels and a near-term reversal seemed likely. MACDThe trajectory of moved below the midline in its last session, indicating that selling pressure in the market cannot be ruled out.

Awesome oscillator with red signal bars signified a bearish tilt that points to a trend reversal.


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