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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.
The new month has started bearish for the majority of cryptocurrencies, according to CoinStats.
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.
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.