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The cryptocurrency market remains mostly red, according to CoinStats.
ADA/USD
The price of Cardano (ADA) has fallen by 2.05% over the last 24 hours.
On the daily chart, the ADA level is about to break the local support level of $1.0431. If that happens, the accumulated energy may be enough to move to the $1 zone within a few days.
ADA is trading at $1.0549 at press time.
BNB/USD
Binance Coin (BNB) is no exception to the rule, falling by 1.06%.
From a technical point of view, BNB does not look as bearish as ADA. However, the price is closer to the support than to the resistance.
Related
If the level approaches the $700 zone, there is a chance to see a level break, followed by a test of the $690 zone.
BNB is trading at $711.76 at press time.
Source: https://u.today/ada-and-bnb-price-prediction-for-december-16
