The cryptocurrency market remains under pressure, as reflected by significant declines in two major cryptocurrencies today—Cardano (ADA) and Binance Coin (BNB). In this article, we explore the current trends and forecasts for these digital assets.
ADA Rate: Daily Report
Today, Cardano (ADA) is among the biggest losers, declining by nearly 10%. The current situation remains bearish, with the important support level at $0.90. If $0.90 is broken, further decline to the $0.80-$0.85 range is expected. At press time, ADA is trading at $0.9042.
BNB Rate: Daily Report
Binance Coin (BNB) has also seen a decline, dropping by 3.87% since yesterday. On the daily chart, the price is far from key levels, and a decline in trading volumes implies low chances of a quick rebound. In this case, the correction is likely to continue to the interim zone of $640. At press time, BNB is trading at $669.50.
The market is currently showing instability, and investors should exercise caution in their decisions. The forecasts for ADA and BNB remain negative for the near term, with attention focused on key support levels and the potential for further downside.
