The market seems unlikely to make a reversal, according to CoinStats.
ADA/USD
Cardano (ADA) is one of the biggest losers today, declining by almost 10%.
Despite today’s sharp fall, the rate of ADA keeps looking bearish. At the moment, one should pay attention to the nearest zone of $0.90. If it breaks out, one can expect an ongoing correction to the $0.80-$0.85 range.
ADA is trading at $0.9042 at press time.
BNB/USD
The rate of Binance Coin (BNB) has dropped by 3.87% since yesterday.
On the daily chart, the price of the native exchange coin is far from key levels. Thus, the volume has declined, which means there are low chances of seeing a quick bounce back.
In this case, the correction is likely to continue to the interim zone of $640.
BNB is trading at $669.50 at press time.
