Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Most of the coins have followed the drop of Bitcoin (BTC); however, there are some exceptions to the rule. Meanwhile, LUNA is rising by 3.72% over the last 24 hours.
ADA/USD
Cardano (ADA) could not withstand the fall of Bitcoin (BTC), going down by 4.14% since yesterday.
Cardano (ADA) is looking rather bearish than bullish as the price is on its way to the support level at $0.70. However, if buyers can keep the rate above the $0.80 mark, there is a chance to see a bounceback followed by growth to $0.90.
Currently, one needs to pay close attention to the zone where the daily candle closes.
Cardano is trading at $0.808 at press time.
BNB/USD
Binance Coin (BNB) has lost even more than Cardano (ADA) with a drop of more than 6%.
The native exchange coin keeps going down after the false breakout of the $400 mark. As long as bulls cannot fix above this level, bears can keep pushing the rate more profoundly. In this regard, daily closure in the area around $350 might be a prerequsite for an ongoing drop to $330 and below.
BNB is trading at $368 at press time.
Godfrey Benjamin
Tomiwabold Olajide
Arman Shirinyan
