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Sellers are keeping the pressure on, according to CoinMarketCap.
ADA/USD
The price of Cardano (ADA) has dropped by 4% over the last day.
On the daily chart, the rate of ADA is coming back to the vital level of $0.3165. If it breaks out, the power might be enough for a test of the $0.30 range soon.
ADA is trading at $0.3247 at press time.
BNB/USD
Binance Coin (BNB) is less of a loser than ADA, falling by 2.57%.
From the technical point of view, the price of BNB is in the middle of the narrow channel, gaining energy for a further move.
Related
As none of the sides is dominating at the moment, ongoing sideways trading in the area of $510-$530 is the more likely scenario.
BNB is trading at $517 at press time.
SOL/USD
Solana (SOL) is not an exception to the rule, declining by 4.42%.
The price of SOL is testing yesterday’s low of $137.78. If buyers cannot seize the initiative until the end of the day, the breakout may lead to a drop to the $130 mark.
SOL is trading at $138.68 at press time.
