Main navigation

ADA and BNB Price Analysis for December 3

Advertisement
Sat, 3/12/2022 - 14:14
ADA and BNB Price Analysis for December 3
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

The market is trading neutrally as some coins are in the green zone while the rates of others keep falling.

Advertisement

Top 10 coins by CoinMarketCap

ADA/USD

Cardano (ADA) has joined the list of rising coins, going up by 2.88% over the last 24 hours.

ADA/USD chart by TradingView

On the bigger chart, Cardano (ADA) is trying to fix above the resistance level at $0.3228. If the bar closes above it and/or with no long wicks, the accumulated energy could be enough for a midterm rise to the $0.34 zone.

Related

Thus, the selling volume is low, which means that bears are slowly losing their initiative.

ADA is trading at $0.3237 at press time.

BNB/USD

The rate of Binance Coin (BNB) has almost not changed since yesterday — the price has only risen by 0.12%.

BNB/USD chart byTradingView

Unlike Cardano (ADA), Binance Coin (BNB) is looking bearish on the daily chart. The price cannot rise after the false breakout of the support level at $286.6. If the bar closes below the $290 mark today, traders might expect to see a sharp drop to the $275-$280 zone next week.

BNB is trading at $290.5 at press time.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD