Sellers are more powerful than buyers at the beginning of the week, according to CoinStats.
ADA/USD
Cardano (ADA) is one of the biggest losers today, falling by 5.28%.
Despite today’s drop, the rate of ADA keeps looking bearish.
If the daily candle closes near the support of $0.33, one can expect a more profound correction to the $0.30-$0.31 range by the end of the week.
ADA is trading at $0.3317 at press time.
SOL/USD
Solana (SOL) is not an exception to the rule, going down by 3.44%.
From the technical point of view, the SOL rate looks better than ADA. If a false breakout of yesterday’s bar’s low happens and the candle closes with no long wick, the local rise may lead to a test of the $140 zone soon.
SOL is trading at $131.61 at press time.
