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

Japan Tightens Access to Crypto Through Regulated Exchanges

Japanese authorities are enforcing stricter access to cryptocurrency platforms, limiting services to those that comply with domestic regulations.

Rajesh Kumar2 days ago

PEPE Token Shows Strong Performance Against Major Cryptocurrencies

PEPE token showed strong performance with a 146% increase against USD, maintaining stability and key support levels.

Jesper Sørensen2 days ago

Vitalik Buterin Emphasizes Individual Sovereignty in Ethereum Development

Vitalik Buterin emphasizes the importance of individual sovereignty in Ethereum development, urging developers to prioritize resilience over convenience.

Lucas Weissmann2 days ago

Institutional Interest in Ethereum Grows Amid Regulatory Clarity

Institutional investors are increasingly building on Ethereum due to clearer regulatory frameworks in the U.S., leading to a surge in stablecoin transfer volume.