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BTC, ETH, ADA and BNB Price Analysis for November 28

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Sun, 28/11/2021 - 16:03
BTC, ETH, ADA and BNB Price Analysis for November 28
Cover image via www.tradingview.com

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Bulls could not hold the initiative on the last day of the week, and all coins from the top 10 list have come back to the red zone.

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Top coins by CoinMarketCap

BTC/USD

The passing week has been bearish for Bitcoin (BTC) as its rate has declined by 8%.

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BTC/USD chart by TradingView

Despite the fall, Bitcoin (BTC) remains trading above the vital support at $52,956, which means that bulls keep controlling the situation.

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If the main crypto stays above this level, there is a good chance to come back to at least the area of the most liquidity around $61,000. In addition, the selling trading volume is low.

Bitcoin is trading at $54,335 at press time.

ETH/USD

Ethereum (ETH) has not shown such a big drop as Bitcoin (BTC); however, the price has declined by 5.79% over the last week.

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ETH/USD chart by TradingView

Ethereum (ETH) is trading sideways despite the decline. The chief altcoin made a false breakout of the support level at $3,958, having confirmed bulls' power.

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However, the coin seems to have not accumulated enough strength to recover the lost positions. In this case, trading in the range of $4,000-$4,200 is the most likely scenario for the next week.

Ethereum is trading at $4,085 at press time.

BNB/USD

Binance Coin (BNB) is the only coin from the list whose rate has increased over the past seven days.

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BNB/USD chart by TradingView

Binance Coin (BNB) is looking stronger than Bitcoin (BTC) and other coins after a fall. Despite that, the native exchange coin keeps trading in a wide channel between the support at $540 and the resistance at $669. If bulls manage to keep the rise, BNB may get to $700 soon.

BNB is trading at $595.30 at press time.

ADA/USD

Cardano (ADA) is the biggest loser this week with a drop of almost 20%.

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ADA/USD chart by TradingView

Despite the fall, there is a good chance that the drop may continue as buyers are not showing any will to buy at current levels. If sellers break the $1.496 mark and fix below it, the decline may get ADA to $1.50 shortly.

ADA is trading at $1.507 at press time.

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