Cardano hit a new record low on Saturday, as prices plunged more than 10% to start the weekend. The move saw the token fall for a third consecutive session, as a red wave swept through the crypto-currency markets. The Binance coin also fell, for the seventh consecutive day.
Cardano hit its all-time low early in the weekend as prices fell for the third consecutive session. After a low of $0.3011 on Friday, ADA hit a low of $0.2603 earlier in today’s session.
This move saw the token plunge nearly 13% earlier in the day, hitting a new all-time low in the process.
Looking at the chart, the drop comes as the 10-day moving average (red) has crossed its 25-day counterpart (blue). This signals a change in price momentum, and comes as the Relative Strength Index (RSI) has fallen deeper into oversold territory.
At the time of writing, the index sits at 24.13, which is its weakest point since October 21.
Binance Coin was another notable token down today, with prices falling for a seventh consecutive session. The recent declines are due to the fact that financial firm Mazars has halted its audit of Binance’s reserves.
As a result, BNB fell to a low of $221.00, one day after hitting a high of $264.25.
Overall, the token is now down nearly 20% over the past week, and is down 10.88% at the time of writing.
As for cardano, the RSI on BNB is currently trading near the 24.00 mark, which is deep in oversold territory.
BNB is currently trading at its lowest point since July 13.