ADA and BNB price analysis for November 3rd

The bulls seem unable to maintain the upside after the recent price explosion as most of the currencies are back in the red zone.

BNB / USD

Binance Coin (BNB) is an exception to the rule, climbing 1.59% in the past 24 hours.

TradingView BNB / USD chart

On the daily time frame, the Binance Coin (BNB) price has once again broken out of the resistance level at $ 336.3. At the moment, neither the bulls nor the bears are dominating as the rate continues to trade sideways.

However, if the mentioned mark rise doesn’t happen until the end of the day, the bears can take the initiative and lower the price in the $ 310 zone.

Binance Coin is trading at $ 325.6 at press time.

ADA / USD

Cardano (ADA) could not follow the rise of Binance Coin (BNB), falling 0.34%.

Trading View ADA / USD Chart

Despite the rally, Cardano (ADA) continues to trade bullish as the rate is above $ 0.3777. However. if the decline continues and the bar closes near $ 0.38, the breakout could shortly lead to a drop in the $ 0.37 zone.

ADA is trading at $ 0.3907 at press time.

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