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ADA and BNB Price Analysis for November 5

Sat, 11/05/2022 - 22:00
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Denys Serhiichuk
Can one expect correction of Binance Coin (BNB) and Cardano (ADA) soon?
ADA and BNB Price Analysis for November 5
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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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Buyers do not seem to need time for rest as the prices of the coins keep growing.

Top coins by CoinMarketCap


Binance Coin (BNB) could not keep rising on the weekend, falling by 0.40%.

BNB/USD chart by TradingView

Despite yesterday's bullish candle, buyers could not keep up the price rise as the price has made a false breakout of yesterday's peak. If buyers cannot seize the initiative by the end of the day, there is a high possibility to see a correction to the zone of $340 next week.

Binance Coin is trading at $351.4 at press time.


Unlike BNB, the price of Cardano (ADA) has risen by almost 2% since yesterday.

ADA/USD chart by Trading View

From the technical point of view, Cardano (ADA) is trading similarly to BNB as the rate has also made a false breakout. Thus, the volume has declined, which confirms the bulls' weakness. If nothing crucial happens until the end of the day, a test of the $0.4150 zone can occur shortly.

ADA is trading at $0.4259 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