Denys Serhiichuk
Can traders expect more profound drop from Cardano (ADA) and Binance Coin (BNB)?
Read U.TODAY on
Google News
Bears keep controlling the situation on the market at the beginning of the week, according to CoinMarketCap.
ADA/USD
The price of Cardano (ADA) has fallen by 2.91% over the last 24 hours.
On the daily chart, the rate of ADA is near the support level of $0.3994.
If the situation does not change by the end of the day, there is a chance to see a breakout, followed by a move to the $0.38-$0.39 zone soon.
ADA is trading at $0.4043 at press time.
BNB/USD
Binance Coin (BNB) is less of a loser, going down by 1.05%.
From the technical point of view, the rate of BNB is rather more bearish than bullish. If the decline continues to the support of $591.3, the accumulated energy might be enough for a dump to $580.
BNB is trading at $603.2 at press time.
About the author
Denys Serhiichuk
Credit: Source link