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The week has started with continued bear dominance, according to CoinStats.
ADA/USD
The rate of Cardano (ADA) has declined by 3.42% over the last day.
On the daily chart, the price of ADA keeps falling after yesterday's bearish closure.
If today's bar closes near the $0.55 mark, there is a high chance to see a test of the support of $0.5106 soon.
ADA is trading at $0.5664 at press time.
BNB/USD
Binance Coin (BNB) has lost less than Cardano (ADA), as its rate has declined by 1.42%.
Despite today's fall, the price of BNB is far from the support or resistance levels. However, if buyers lose the $230 mark, the energy might be enough for a breakout of $224. Such a scenario is relevant until the end of the week.
BNB is trading at $237 at press time.
Yuri Molchan
Arman Shirinyan
