Cardano (ADA) Price Analysis
The price of Cardano (ADA) has experienced a decline of 2.35% over the last day. Currently, the ADA rate is approaching a critical level and is about to test the interim support at $0.3760.
If the daily bar closes near this level without a significant long wick, there is a potential for a breakout leading to a further decline, possibly reaching the $0.36 area within this week.
As of the latest update, ADA is trading at $0.3775.
Binance Coin (BNB) Price Analysis
Binance Coin (BNB) has experienced an even greater decline, falling by 2.84%. From a technical standpoint, BNB is following a pattern similar to ADA, with its rate approaching the support level of $224.
If buyers do not take control soon, there is a likelihood of a quicker test of the $210 range.
As of the latest update, BNB is trading at $225.4.
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