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ADA and BNB Price Analysis for November 21

Mon, 11/21/2022 - 21:30
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Denys Serhiichuk
Can Cardano or Binance Coin bounce back soon?
ADA and BNB Price Analysis for November 21
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Bears keep dominating the cryptocurrency market, according to the CoinMarketCap ranking.

Top 10 coins by CoinMarketCap


Binance Coin (BNB) is no exception to the rule, falling by 3.56%.

BNB/USD chart byTradingView

From the technical point of view, Binance Coin (BNB) has reached the support level at $256.7. At the moment, one needs to pay close attention to the daily closure. If it happens near the $256 mark, there might be a sharp drop to the $240-$250 zone within the next few days.

BNB is trading at $260.6 at press time.


Cardano (ADA) has followed the drop of Binance Coin (BNB), declining by 4.35%.

ADA/USD chart by TradingView

Cardano (ADA) has broken the support level at $0.31 on the daily time frame. However, the altcoin still has time to close above it by the end of the day. If bulls manage to do that, they might seize the initiative and restore the price to the $0.32 zone soon.

ADA is trading at $0.3099 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at