If buyers can hold the initiative until the end of the day, there are chances to see further growth to the nearest resistance at $23,288 within the next few weeks.Binance Coin has made a false breakout of the local resistance level at $245.2. But the price does not seem ready to fall as the native exchange coin remains trading above the vital $240 zone.
If bears cannot change the situation, there is a possbility to see the test of the $250 mark shortly.Despite the growth, Cardano is neither bullish nor bearish as the price is far away from the support and resistance. The sideways trading is also confirmed by the low volume, which means that none of the sides is ready for a sharp move. The growth may occur only if bulls return the rate to the $0.50 area.
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