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.
Bears keep dominating the cryptocurrency market, according to the CoinMarketCap ranking.
BNB/USD
Binance Coin (BNB) is no exception to the rule, falling by 3.56%.
From the technical point of view, Binance Coin (BNB) has reached the support level at $256.7. At the moment, one needs to pay close attention to the daily closure. If it happens near the $256 mark, there might be a sharp drop to the $240-$250 zone within the next few days.
BNB is trading at $260.6 at press time.
ADA/USD
Cardano (ADA) has followed the drop of Binance Coin (BNB), declining by 4.35%.
Cardano (ADA) has broken the support level at $0.31 on the daily time frame. However, the altcoin still has time to close above it by the end of the day. If bulls manage to do that, they might seize the initiative and restore the price to the $0.32 zone soon.
ADA is trading at $0.3099 at press time.
Alex Dovbnya
Vladislav Sopov
Dan Burgin