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Price Analysis of ADA and BNB on November 20th

Price Analysis of ADA and BNB on November 20th

Nov 20, 2023

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



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

Chart ADA

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.


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.


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