Price Analysis of ADA and BNB on November 20th

by Max Nevskyi

2 years ago

The start of the new week sees the market continuing its upward trend.

Chart

ADA/USD

Cardano (ADA) has seen a 5% increase in its price since yesterday.

In the daily chart, ADA's price has experienced another unsuccessful attempt to break above the $0.3951 resistance level. Nevertheless, if the current bar closes near this level or even surpasses it, there is a possibility of further growth towards the $0.42 range in the near future.

As of now, ADA is trading at $0.3928.

BNB/USD

Binance Coin (BNB) has shown a comparatively smaller gain when compared to ADA, with an increase of nearly 2%.

Chart BNB

Looking at the technical aspect, BNB's price finds itself positioned within a broad channel, suggesting that significant and rapid price movements are less likely in the near future. Instead, it is more probable that BNB will engage in sideways trading within the $240 to $250 range in the upcoming week.

Currently, BNB is being traded at $247.4.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Contrasting Views on Emotional Detachment in Crypto Investing

A user presents a contrasting view on emotional detachment in crypto investing, emphasizing the importance of reducing emotional exposure for long-term success.

Zainab Kamara20 minutes ago

Bird Clarifies His Position as a Builder on the XRPL

Bird clarifies his position as a builder on the XRPL, emphasizing that his exhaustion is due to sustained effort in developing a large-scale project rather than market observation.

Andrew Smith20 minutes ago

Crypto Commentator Expresses Exhaustion of XRP Holders

Crypto commentator Bird expresses the exhaustion of long-term XRP holders due to prolonged price stagnation.

Jacob Williams20 minutes ago

Elon Musk Withdraws Support for OpenAI ICO Amid Regulatory Concerns

Elon Musk quickly withdrew his support for the OpenAI ICO proposal due to regulatory scrutiny and personal priorities.

Ayman Ben Youssef20 minutes ago

House Democrats Call for Transparency from SEC on Enforcement Actions

House Democrats are calling for transparency from the SEC regarding its enforcement actions, demanding documentation and communications related to recent decisions.