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The cryptocurrency market declines on the first day of the week, according to CoinStats.
ADA/USD
Cardano (ADA) price is down nearly 10% over the past day.
On a daily level, focus should be placed on closing the bar in terms of $0.8798 level. If a breakout occurs, the decline to the $0.80 area is likely to continue soon.
ADA is trading at $0.8862 at press time.
National Bank of Bahrain/US Dollar
Binance Coin (BNB) is no exception to the rule, falling by 5.08%.
Technically, BNB price is far from support.
Related to
However, if the daily candle closes near the low, there is a chance to see a test of the $622.85 level by the end of the week.
Binance Coin is trading at $653.10 at press time.
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 responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
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