ADA and BNB Price Analysis for November 19

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Denys Ser­hi­ichuk

Should one expect fur­ther drop of Car­dano (ADA) and Binance Coin (BNB)?

The week­end has start­ed with a drop on the cryp­tocur­ren­cy mar­ket, accord­ing to Coin­Mar­ket­Cap’s ranking.

Top 10 coins by CoinMarketCap

ADA/USD

Car­dano (ADA) has lost a lot of val­ue today, falling by almost 2%.

ADA/USD chart by TradingView

From the tech­ni­cal point of view, Car­dano (ADA) is trad­ing sim­i­lar­ly to Ethereum (ETH), as the alt­coin has not decid­ed which way to move yet.

Cur­rent­ly, one should pay close atten­tion to the $0.34 mark. If the can­dle fix­es above it, the accu­mu­lat­ed ener­gy might be enough for a rise to $0.35.

ADA is trad­ing at $0.3256 at press time.

BNB/USD

Binance Coin (BNB) has lost less than Car­dano (ADA), going down by 0.73%.

BNB/USD chart byTradingView

Binance Coin (BNB) remains under bears’ pres­sure despite yes­ter­day’s bull­ish can­dle. If buy­ers want to seize the ini­tia­tive in the midterm, they should bring the rate back to the $290 zone. How­ev­er, there are no pre­req­ui­sites for that at the moment, as the vol­ume keeps declining.

BNB is trad­ing at $271.6 at press time.

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