Original U.Today article

ADA and BNB Price Analysis for November 3

Thu, 11/03/2022 - 22:00

Which altcoins can withstand bears' pressure?

ADA and BNB Price Analysis for November 3

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

Bulls seem unable to keep the rise going after the recent price blast, as most of the coins have returned to the red zone.

Top coins by CoinMarketCap

BNB/USD

Binance Coin (BNB) is an exception to the rule, going up by 1.59% over the last 24 hours.

BNB/USD chart by TradingView

On the daily time frame, the price of Binance Coin (BNB) has once again made a false breakout of the resistance level at $336.3. At the moment, neither bulls nor bears are dominating as the rate keeps trading sideways.

SHIB Price Analysis for November 2

However, if the rise to the mentioned mark does not happen until the end of the day, bears can seize the initiative and drop the price to the $310 zone.

Binance Coin is trading at $325.6 at press time.

ADA/USD

Cardano (ADA) could not follow the rise of Binance Coin (BNB), going down by 0.34%.

ADA/USD chart by Trading View

Despite the rise, Cardano (ADA) keeps trading in the bullish zone as the rate is above the $0.3777 mark. However. if the decline continues and the bar closes near $0.38, the breakout may lead to a decline to the $0.37 zone shortly.

ADA is trading at $0.3907 at press time.

#Binance coin price prediction #Cardano Price Prediction

About the author

Denys Serhiichuk

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 denys.serhiichuk@u.today.