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The market seems unlikely to make a reversal, according to CoinStats.
ADA/USD
Cardano (ADA) is one of the biggest losers today, down nearly 10%.
Despite today's sharp drop, the ADA rate still looks bearish. For now, one should pay attention to the nearest area at $0.90. If it breaks, one can expect a sustained correction to the $0.80-$0.85 range.
ADA is trading at $0.9042 at press time.
National Bank of Bahrain/US Dollar
The price of Binance Coin (BNB) has fallen by 3.87% since yesterday.
On the daily chart, the price of the local exchange currency is far from the key levels. Hence, trading volume has decreased, which means there are low chances of seeing a quick bounce.
Related to
In this case, the correction to the temporary area at $640 is likely to continue.
BNB is trading at $669.50 at press time.
Disclaimer: The opinions expressed by our writers are their own and do not represent the opinions 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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