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.
The situation is unchanged since yesterday as most of the coins are in the red zone.
BNB/USD
The price of Binance Coin (BNB) has declined by almost 1% over the last 24 hours.
Despite the continued fall of Binance Coin (BNB) over the last few days, the native exchange coin may not have found the local bottom yet. On the daily chart, the price has broken the support level at $255.6. If buyers cannot hold the initiative until the end of the day, the drop may continue to the $230-$240 zone.
BNB is trading at $254.5 at press time.
ADA/USD
Cardano (ADA) is less of a loser than Binance Coin (BNB), declining by 0.71%.
The price of Cardano (ADA) has broken the important support level at $0.2953. From the technical point of view, fixation below this mark might be a prerequisite for a further midterm bearish trend. In this case, the fall may continue to the $0.275-$0.28 mark.
ADA is trading at $0.2873 at press time.
Alex Dovbnya
Arman Shirinyan
Dan Burgin
Vladislav Sopov