BNB and ADA Price Analysis for November 6

Bulls keep controlling the situation on the market at the beginning of the week.

BNB/USD

Binance Coin (BNB) is one of the biggest gainers among the top 10 coins, rising by 4.65%.

On the daily chart, the rate of Binance Coin (BNB) has continued to rise after yesterday’s bullish bar closure.

If buyers can hold the initiative until the end of the day and hold the price above the $250 zone, the upward move is likely to continue to the resistance of $261.

BNB is trading at $251.4 at press time.

ADA/USD

Cardano (ADA) has followed the rise of BNB, going up by 4.72%.

On the daily chart, traders should focus on the bar closure in terms of yesterday’s peak. If the candle closes above it, the rise is likely to continue to the resistance of $0.3793.

ADA is trading at $0.3528 at press time.

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