ADA and BNB Price Analysis for November 20
Can Binance Coin (BNB) and Cardano (ADA) remain bulliish?...
- The market is experiencing a rise at the start of the new week.
- Cardano (ADA) has seen a 5% increase in price since yesterday.
- ADA's daily chart shows a false breakout of the resistance level of $0.3951, but if the bar closes near or above it, further growth to the $0.42 zone is possible.
- Binance Coin (BNB) has risen by almost 2%.
- BNB's price is currently in the middle of a wide channel, indicating low chances of sharp moves. Sideways trading in the $240-$250 range is expected for the following week.
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The article provides a positive outlook on the market, highlighting the rise in prices for Cardano and Binance Coin. It also mentions the potential for further growth and sideways trading.