The new month has started bearish for the majority of cryptocurrencies, according to CoinStats.
ADA/USD
The rate of Cardano (ADA) has declined by 5.62% over the last 24 hours.
The price of ADA has once again failed to fix above the $0.65 zone, which means that traders are more likely to expect a correction than growth.
If the daily bar closes around current levels, there is a high chance to see a test of support soon.
ADA is trading at $0.5687 at press time.
BNB/USD
Binance Coin (BNB) is not an exception to the rule, going down by 4.16%.
On the daily time frame, the price of BNB has lost the important zone of $600. If buyers cannot get back in the game shortly, the correction may lead to the test of the $550 area by the end of the week.
BNB is trading at $581.6 at press time.