Denys Serhiichuk
Can traders expect more profound drop from Cardano (ADA) and Binance Coin (BNB)?
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Bears keep controlling the situation on the market at the beginning of the week, according to CoinMarketCap.
ADA/USD
The price of Cardano (ADA) has fallen by 2.91% over the last 24 hours.
On the daily chart, the rate of ADA is near the support level of $0.3994.
If the situation does not change by the end of the day, there is a chance to see a breakout, followed by a move to the $0.38-$0.39 zone soon.
ADA is trading at $0.4043 at press time.
BNB/USD
Binance Coin (BNB) is less of a loser, going down by 1.05%.
From the technical point of view, the rate of BNB is rather more bearish than bullish. If the decline continues to the support of $591.3, the accumulated energy might be enough for a dump to $580.
BNB is trading at $603.2 at press time.
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Denys Serhiichuk
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