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ADA and BNB Price Analysis for November 27

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Mon, 27/11/2023 - 16:45
ADA and BNB Price Analysis for November 27
Cover image via www.tradingview.com

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The week has started with a continued correction of the cryptocurrency market.

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Top coins by CoinMarketCap

ADA/USD

The price of Cardano (ADA) has declined by 2.35% over the last day.

Image by TradingView

The rate of ADA is about to test the interim support level of $0.3760. 

Related
Ethereum (ETH) Price Analysis for November 26

If the daily bar closes near it with no long wick, the breakout may lead to a further decline to the $0.36 area this week.

ADA is trading at $0.3775 at press time.

BNB/USD

Binance Coin (BNB) has lost even more than ADA, falling by 2.84%.

Image by TradingView

From the technical point of view, BNB is trading similarly to ADA as its rate is also approaching the support of $224. If buyers cannot seize the initiative soon, one can expect a quicker test of the $210 range.

BNB is trading at $225.4 at press time.

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