All About Crypto World

Greatest Movers: ADA Hits New Record Low, BNB Down for Seventh Consecutive Day


Cardano fell to a new all-time low on Saturday, as prices plunged by more than 10% to begin the end of the week. The move saw the token drop for a third consecutive meeting, as a red wave moved throughout Cryptocurrency markets. Binance coin dropped lower for the seventh day in a row, dropping for the Binance coin.


Cardano (ADA)

ADA moved to a new all-time low to begin the end of the week, as prices dropped for a third consecutive session.

Following a high of $0.3010 on Friday, ADA/USD moved to a low of $0.2605 prior in today’s session.

The move saw the token dive by almost 13.5% prior in the day, hitting a new all-time low in the process.

ADA/USD – Daily Chart Tradingview

Looking at the chart, the drop comes as the 10-day (red) moving average crossed its 25-day (blue) counterpart.

This signals a change in price momentem, and comes as the relative strength index (RSI) fell further into oversold territory.

As of composing, the index is following at 24.13, which is its most vulnerable point since October 21.


Binance Coin (BNB)

Binance coin (BNB) was one more eminent token to fall today, with prices dropping for a seventh consecutive meeting.

Recent declines have come as financial firm Mazars ended its audit of Binance’s reserves.

Thus, BNB/USD tumbled to a low of $221.00, which comes a day in the wake of hitting a high of $264.25.

BNB/USD – Daily Chart Tradingview

Generally, the token is currently somewhere around almost 20% somewhat recently, and is down 10.88% as of composing.

Like cardano, the RSI on BNB is at present trading close to the 24.00 mark, which is somewhere down in oversold territory.

BNB is at present trading at its absolute bottom since July 13.


Spread the love