ADA and BNB Price Analysis for November 3

Price Analysis
Thu, 11/03/2022 - 22:00
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Bulls seem unable to keep the rise going after the recent price blast, as most of the coins have returned to the red zone.

BNB/USD

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

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.

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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%.

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.