ADA and BNB Price Analysis for November 17

U.Today
U.Today

17 Nov 2023 4:15 PM

How long is altcoins' correction going to last?...

  • The CoinMarketCap ranking indicates that bears have taken control.
  • Cardano (ADA) has experienced a 5.63% decline in its rate since yesterday.
  • The price of ADA is continuing to fall after a false breakout of the resistance level of $0.3951.
  • Binance Coin (BNB) has also dropped by 2.45% following ADA's decline.
  • BNB is on its way to testing the support level of $238.1, and a further decline to the $230 zone is possible.

The sentiment in the article is negative, as it discusses the decline in the rates of Cardano and Binance Coin.

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What is the current rate of Cardano (ADA)?What is the support level being tested by Binance Coin (BNB)?What was the reason for the decline in ADA's price?What is the potential further decline zone for BNB?What does the CoinMarketCap ranking indicate?

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