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ADA and BNB Price Analysis for November 19

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Sat, 19/11/2022 - 20:30
ADA and BNB Price Analysis for November 19
Cover image via www.tradingview.com

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The weekend has started with a drop on the cryptocurrency market, according to CoinMarketCap's ranking.

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Top 10 coins by CoinMarketCap

ADA/USD

Cardano (ADA) has lost a lot of value today, falling by almost 2%.

ADA/USD chart by TradingView

From the technical point of view, Cardano (ADA) is trading similarly to Ethereum (ETH), as the altcoin has not decided which way to move yet.

Related
Bitcoin (BTC) Price Analysis for November 18

Currently, one should pay close attention to the $0.34 mark. If the candle fixes above it, the accumulated energy might be enough for a rise to $0.35.

ADA is trading at $0.3256 at press time.

BNB/USD

Binance Coin (BNB) has lost less than Cardano (ADA), going down by 0.73%.

BNB/USD chart byTradingView

Binance Coin (BNB) remains under bears' pressure despite yesterday's bullish candle. If buyers want to seize the initiative in the midterm, they should bring the rate back to the $290 zone. However, there are no prerequisites for that at the moment, as the volume keeps declining.

BNB is trading at $271.6 at press time.

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