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.
Sellers are keeping the pressure on, according to CoinMarketCap.
ADA/USD
The price of Cardano (ADA) has dropped by 4% over the last day.
On the daily chart, the rate of ADA is coming back to the vital level of $0.3165. If it breaks out, the power might be enough for a test of the $0.30 range soon.
ADA is trading at $0.3247 at press time.
BNB/USD
Binance Coin (BNB) is less of a loser than ADA, falling by 2.57%.
From the technical point of view, the price of BNB is in the middle of the narrow channel, gaining energy for a further move.
Denys SerhiichukAs none of the sides is dominating at the moment, ongoing sideways trading in the area of $510-$530 is the more likely scenario.
BNB is trading at $517 at press time.
SOL/USD
Solana (SOL) is not an exception to the rule, declining by 4.42%.
The price of SOL is testing yesterday's low of $137.78. If buyers cannot seize the initiative until the end of the day, the breakout may lead to a drop to the $130 mark.
SOL is trading at $138.68 at press time.
Alex Dovbnya
Vladislav Sopov