The week has started with a continued correction of the cryptocurrency market.
ADA/USD
The price of Cardano (ADA) has declined by 2.35% over the last day.
The rate of ADA is about to test the interim support level of $0.3760.
If the daily bar closes near it with no long wick, the breakout may lead to a further decline to the $0.36 area this week.
ADA is trading at $0.3775 at press time.
BNB/USD
Binance Coin (BNB) has lost even more than ADA, falling by 2.84%.
From the technical point of view, BNB is trading similarly to ADA as its rate is also approaching the support of $224. If buyers cannot seize the initiative soon, one can expect a quicker test of the $210 range.
BNB is trading at $225.4 at press time.