After several weeks of severe price losses, some of the altcoins may recover to the nearest resistance level.
ADA/USD
The ADA/USD pair is currently trading in a bearish trend, but today the price may recover slightly. While we are not suggesting buying at current prices, a bullish break above 6 cents supported by rising market activity could push Cardano prices even higher.
Aggressive traders could take advantage of the situation and buy ADA at 3.3 cents and target the 6 cents resistance level.
XMR/USD
Monero's price fell 34% last week, but selling pressure has eased over the past day and the price has fallen just 3.1%.
This can be seen as a result of increased demand, which aggressive traders can use to their advantage. Such traders can take risks and buy at current prices with stops at $54 and targets at $70. Conservative traders should be cautious and remain neutral and wait for a strong break above $70 and a possible recovery to $110.
On the other hand, any dip below $50 could lead to sellers pushing the price down to $20.
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