U.Today - Bears remain more powerful than bulls at the beginning of the week, according to CoinMarketCap.
ETH/USD
The rate of Ethereum (ETH) has declined by 1.25% over the last 24 hours.
On the daily chart, the price of the main altcoin is looking bearish. If the fall continues to the support of $3,304, the accumulated energy might be enough for a breakout, followed by a test of the $3,200 zone.
Ethereum is trading at $3,351 at press time.
SOL/USD
Solana (SOL) is more of a loser than Ethereum (ETH), going down by 2.76%.
From the technical point of view, the rate of SOL is in the middle of the channel, between the support of $175.26 and the resistance of $201.98. However, if the daily bar closes around current prices, there is a chance to see a test of the $180 range soon.
SOL is trading at $189.95 at press time.
BNB/USD
Binance Coin (BNB) is not an exception to the rule, falling by 2.12% since yesterday.
The price of BNB is on its way to the support level of $682.68. If it breaks out, traders may witness a test of the $670 mark soon.
BNB is trading at $691.3 at press time.
ADA/USD
Cardano (ADA) is one of the biggest losers today, declining by 5.26%.
On the daily time frame, the price of ADA is breaking the support of $0.8507. If sellers' pressure continues, there is a chance to see the altcoin around the $0.80 zone.
ADA is trading at $0.8512 at press time.
This content was originally published on U.Today
