Wed, 3/07/2024 – 15:08
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The prices of the coins keep going down, according to CoinMarketCap.
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BNB/USD
The rate of Binance Coin (BNB) has declined by 3.31% over the last 24 hours.
On the daily chart, one should pay attention to the candle’s closure in terms of the support level of $551.2.
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If the bar closes near it, the accumulated energy might be enough for a breakout to the $530-$540 area.
BNB is trading at $559.3 at press time.
ADA/USD
Cardano (ADA) has followed the drop of BNB, going down by 0.90%.
The price of ADA has made a false breakout of the resistance level of $0.4210. If the bar closes far from it, bears may again seize the initiative, which can lead to a decline to the $0.39-$0.40 range.
ADA is trading at $0.4091 at press time.
SOL/USD
Solana (SOL) is not an exception to the rule, falling by 3.42%.
From the technical point of view, the rate of SOL has absorbed yesterday’s rise. If the candle closes around the current prices, there is a chance to see an ongoing correction to the $120-$130 zone.
SOL is trading at $142.71 at press time.
