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The new week has started with a massive market dump, according to CoinMarketCap.

ADA/USD

The rate of Cardano (ADA) has declined by 13.24% over the last 24 hours.

On the daily chart, the price of ADA has made a false breakout of the $0.2802 level. At the moment, one should pay attention to the daily closure in terms of $0.3165. 

If the bar closes above it, bulls may locally seize the initiative, which can lead to a test of the $0.34 area.

ADA is trading at $0.3150 at press time.

BNB/USD

Binance Coin (BNB) has followed the drop of ADA, going down by 12.85%.

The rate of BNB has bounced off after a test of the $400 mark. If buyers can return the price above the $454.80 level, the upward move may continue to $500 until the end of the week.

BNB is trading at $454.40 at press time.