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ADA and BNB Price Analysis for November 27

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Sun, 27/11/2022 - 21:30
ADA and BNB Price Analysis for November 27
Cover image via www.tradingview.com

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Bulls could not hold the initiative for long, and most of the coins are back in the red zone.

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Top 10 coins by CoinMarketCap

ADA/USD

The price of Cardano (ADA) has dropped by 1.26% over the last 24 hours.

ADA/USD chart by TradingView

On the daily chart, Cardano (ADA) is still trading above the support level at $0.31, which means that there is still a chance to see local growth. However, buyers need to fix the price above the $0.32 mark if they want to withstand bears' pressure.

Cardano is trading at $0.3166 at press time.

BNB/USD

Binance Coin (BNB) has followed the fall of Cardano (ADA), going down by 1.13%.

BNB/USD chart byTradingView

Binance Coin (BNB) has made a false breakout of the resistance level at $313. While the price is below it, bears remain more powerful than bulls, and there is still a high chance to see a drop. In this regard, the decline may lead to a test of the $305-$310 zone soon.

BNB is trading at $312.3 at press time.

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