{"id":15575,"date":"2022-12-17T16:06:27","date_gmt":"2022-12-17T16:06:27","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ada-hits-fresh-record-low-bnb-down-for-seventh-straight-day-market-updates-bitcoin-news\/"},"modified":"2022-12-17T16:06:27","modified_gmt":"2022-12-17T16:06:27","slug":"ada-hits-fresh-record-low-bnb-down-for-seventh-straight-day-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ada-hits-fresh-record-low-bnb-down-for-seventh-straight-day-market-updates-bitcoin-news\/","title":{"rendered":"ADA Hits Fresh Record Low, BNB Down for Seventh Straight Day \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Cardano fell to a fresh all-time low on Saturday, as prices plunged by over 10% to start the weekend. 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.<\/strong><\/p>\n

Cardano (ADA<\/a>)<\/h2>\n

Cardano (ADA<\/a>) moved to a fresh all-time low to start the weekend, as prices dropped for a third straight session.<\/p>\n

Following a high of $0.3011 on Friday, ADA<\/a>\/USD moved to a low of $0.2603 earlier in today\u2019s session.<\/p>\n

The move saw the token plunge by nearly 13% earlier in the day, hitting a new all-time low in the process.<\/p>\n

\"Biggest
ADA<\/a>\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

Looking at the chart, the drop comes as the 10-day (red) moving average crossed its 25-day (blue) counterpart.<\/p>\n

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

As of writing, the index is tracking at 24.13, which is its weakest point since October 21.<\/p>\n

Binance Coin (BNB<\/a>)<\/h2>\n

Binance coin (BNB<\/a>) was another notable token to fall today, with prices dropping for a seventh straight session.<\/p>\n

Recent declines have come as financial firm Mazars halted its audit of Binance\u2019s reserves.<\/p>\n

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

\"Biggest
BNB<\/a>\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

Overall, the token is now down by nearly 20% in the last week, and is down 10.88% as of writing.<\/p>\n

Similar to cardano, the RSI on BNB<\/a> is currently trading near the 24.00 mark, which is deep in oversold territory.<\/p>\n

BNB<\/a> is currently trading at its lowest point since July 13.<\/p>\n

Register your email here to get weekly price analysis updates sent to your inbox:<\/em><\/p>\n

What other factors are behind today\u2019s decline in crypto prices? Let us know your thoughts in the comments.<\/strong><\/em><\/p>\n

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\nEliman Dambell <\/h6>\n

\nEliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, sdx15 \/ Shutterstock.com<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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