Größte Umzugshelfer: ADA Hits Fresh Record Low, BNB Down for Seventh Straight Day

Cardano fell to a fresh all-time low on Saturday, as prices plunged by over 10% um ins Wochenende zu starten. The move saw the token drop for a third straight session, as a red wave swept through cryptocurrency markets. Binance coin also moved lower, dropping for a seventh consecutive day.

Cardano (ES GIBT)

Cardano (ES GIBT) moved to a fresh all-time low to start the weekend, as prices dropped for a third straight session.

Nach einem Hoch von $0.3011 am Freitag, ES GIBT/USD moved to a low of $0.2603 earlier in today’s session.

The move saw the token plunge by nearly 13% früher am Tag, hitting a new all-time low in the process.

Blick auf das Diagramm, the drop comes as the 10-day (red) moving average crossed its 25-day (blue) counterpart.

This signals a shift in price momentum, and comes as the relative strength index (RSI) fell deeper into oversold territory.

Stand des Schreibens, the index is tracking at 24.13, which is its weakest point since October 21.

Binance Coin (BNB)

Binance coin (BNB) was another notable token to fall today, with prices dropping for a seventh straight session.

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

As a result of this, BNB/USD fell to a low of $221.00, which comes a day after hitting a high of $264.25.

Gesamt, the token is now down by nearly 20% in the last week, and is down 10.88% as of writing.

Similar to cardano, the RSI on BNB is currently trading near the 24.00 mark, which is deep in oversold territory.

BNB is currently trading at its lowest point since July 13.

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What other factors are behind today’s decline in crypto prices? Teilen Sie uns Ihre Gedanken in den Kommentaren mit.

Elijah Dambell

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Zur Zeit, he acts as a commentator across various asset classes, including Crypto, Aktien und Devisen.

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