Cardano Hits All-Time Lows on Saturday , as prices plunged more than 10% to start the weekend. The Binance coin also fell, falling for the 7th straight day.
Cardano (ADA)
Cardano (ADA) started the weekend with a new all-time low. I failed in 3 consecutive sessions.
Following Friday’s high of $0.3011,ADA/USD moved to a low of $0.2603 early in today’s session.
The move saw the token plunge by nearly 13% earlier in the day, hitting a record low in the process.
chart, we see a drop as a 10-day (red) move. Means exceeded their 25-day (blue) counterparts.
This shows a shift in price momentum, with the Relative Strength Index (RSI) sinking deeper into oversold territory.
At the time of writing, the index tracks 24.13, his weakest point since October 21st.
Binance Coin (BNB)
Binance Coin (BNB) is another noteworthy token that fell today, with price has fallen seven times in a row.
The recent drop came as financial firm Mothers suspended an audit of Binance’s reserves.
As a result,BNB/USD fell to a low of $221.00.
Overall, tokens have fallen nearly 20% over the past week. It is down 10.88% at the time of writing.
Similar to Cardano,BNB‘s RSI is currently trading near the 24.00 mark, deep into oversold territory.
BNB is currently trading at its lowest price since July 13th.
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