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Price Analysis of ADA and BNB on November 20th

Price Analysis of ADA and BNB on November 20th

user avatar

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.

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.

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.

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