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The weekend has started with an ongoing drop of most of the coins.
ADA/USD
Cardano (ADA) has lost a lot of value today, falling by 5%.
On the daily chart, the price of Cardano (ADA) has reached the $0.36 mark, which is crucial to hold for buyers. If the candle closes below it, there is a chance to see a further drop to the support at $0.3469. Such a scenario is relevant until the end of the upcoming week.
ADA is trading at $0.3637 at press time.
BNB/USD
Binance Coin (BNB) has lost less than Cardano (ADA), going down by 2.79% over the last 24 hours.
From the technical point of view, Binance Coin (BNB) is trading similarly to Cardano (ADA) as the rate is located near the important mark of $300. If bulls lose it, the accumulated energy might be enough for a decline to the support at $281.1.
BNB is trading at $301.2 at press time.
Alex Dovbnya
Dan Burgin
Vladislav Sopov