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%.
Even though ADA’s price dropped significantly today, its trend remains pessimistic. It’s crucial to watch the next level around $0.90. If it surpasses this point, a continuation towards the $0.80 – $0.85 range could be anticipated.
ADA is trading at $0.9042 at press time.
BNB/USD
The rate of Binance Coin (BNB) has dropped by 3.87% since yesterday.
Looking at the daily chart, the native cryptocurrency’s price seems quite distant from crucial points. Consequently, trading volume has decreased, implying it may take some time before we witness a swift recovery.
In this case, the correction is likely to continue to the interim zone of $640.
BNB is trading at $669.50 at press time.
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2025-01-13 17:42