ADA and BNB Price Analysis for December 3

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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.

The mar­ket is trad­ing neu­tral­ly as some coins are in the green zone while the rates of oth­ers keep falling.

Top 10 coins by CoinMarketCap

ADA/USD

Car­dano (ADA) has joined the list of ris­ing coins, going up by 2.88% over the last 24 hours.

ADA/USD chart by TradingView

On the big­ger chart, Car­dano (ADA) is try­ing to fix above the resis­tance lev­el at $0.3228. If the bar clos­es above it and/or with no long wicks, the accu­mu­lat­ed ener­gy could be enough for a midterm rise to the $0.34 zone.

Thus, the sell­ing vol­ume is low, which means that bears are slow­ly los­ing their initiative.

ADA is trad­ing at $0.3237 at press time.

BNB/USD

The rate of Binance Coin (BNB) has almost not changed since yes­ter­day — the price has only risen by 0.12%.

BNB/USD chart byTradingView

Unlike Car­dano (ADA), Binance Coin (BNB) is look­ing bear­ish on the dai­ly chart. The price can­not rise after the false break­out of the sup­port lev­el at $286.6. If the bar clos­es below the $290 mark today, traders might expect to see a sharp drop to the $275-$280 zone next week.

BNB is trad­ing at $290.5 at press time.

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