ADA and BNB Price Analysis for November 20

The new week has started with the ongoing rise of the market.

ADA/USD

The price of Cardano (ADA) has risen by 5% since yesterday.

On the daily chart, the rate of ADA has once again made a false breakout of the resistance level of $0.3951. However, if the bar closes near it or even above, growth may continue to the $0.42 zone soon.

ADA is trading at $0.3928 at press time.

BNB/USD

Binance Coin (BNB) is less of a gainer than ADA, rising by almost 2%.

From a technical point of view, the price of BNB is in the middle of a wide channel, which means there are low chances to see any sharp moves soon. In this case, sideways trading in the area of $240-$250 is the more likely scenario for the following week.

BNB is trading at $247.4 at press time.

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