Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
The weekend has started with an ongoing drop of most of the coins.
Cardano (ADA) has lost a lot of value today, falling by 5%.
On the daily chart, the price of Cardano (ADA) has reached the $0.36 mark, which is crucial to hold for buyers. If the candle closes below it, there is a chance to see a further drop to the support at $0.3469. Such a scenario is relevant until the end of the upcoming week.
ADA is trading at $0.3637 at press time.
Binance Coin (BNB) has lost less than Cardano (ADA), going down by 2.79% over the last 24 hours.
From the technical point of view, Binance Coin (BNB) is trading similarly to Cardano (ADA) as the rate is located near the important mark of $300. If bulls lose it, the accumulated energy might be enough for a decline to the support at $281.1.
BNB is trading at $301.2 at press time.