Cardano hit new all-time lows on Saturday as its worth plunged greater than 10% in the beginning of the weekend. The Binance coin additionally fell, falling for the seventh straight day.
Cardano (ADA)
Cardano (ADA) hit new all-time lows to start out the weekend as the worth dropped 3 times in a row.
Following Friday’s excessive of $0.3011, ADA/USD moved to a low of $0.2603 early in at this time’s session.
The transfer triggered the token to plunge about 13% earlier within the day, hitting an all-time low within the course of.
Trying on the chart, we see a drop when the 10-day (pink) transferring common crosses the 25-day (blue) transferring common.
This means a shift in worth momentum, with the Relative Energy Index (RSI) sinking deeper into oversold territory.
On the time of writing, the index is monitoring 24.13, its weakest level since October twenty first.
Binance Coin (BNB)
Binance Coin (BNB) is one other noteworthy token that fell at this time, with its worth falling for seven straight instances.
The latest drop got here after monetary agency Moms stopped auditing Binance’s reserves.
Consequently, BNB/USD fell to a low of $221.00. This was a day after reaching a excessive of $264.25.
General, the token is down practically 20% during the last week and is down 10.88% on the time of writing.
Just like Cardano, BNB’s RSI is at the moment buying and selling close to the 24.00 mark, deep into oversold territory.
BNB is at the moment buying and selling at its lowest worth since July thirteenth.
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