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Cardano (ADA) Price Analysis

The ADA price in the short term could be under bearish influence but in the long term, the price is closer to surpassing the pivotal resistance
After holding close to the resistance zone between $0.389 and $0.4 for consecutive two weeks, the price is facing some extreme bearish actions at the moment
The RSI has triggered a bearish divergence, which indicates the price could slide back to the lower support close to $0.36
Besides, the DMI is bullish, and the ADX has rebounded from the lower support and heading north
Therefore, the ADA price is expected to rise beyond the $0.44 resistance in the first few days of December after a minor pullback. 

Ripple (XRP) Price Analysis

The XRP price has been following a pattern in the long term as the token is about to drop to the lower pivotal support at the 200-day MA
The price is trading within a symmetrical triangle and, hence, has both the possibility of a bullish breakout and a notable pullback
However, the RSI is trading within a rising parallel channel, indicating a bullish trend could be in place
Therefore, the XRP price is believed to drop to the 200-day MA as the RSI is bearish and could trigger a healthy rebound back to the resistance before the end of 2023.

BinanceCoin (BNB) Price Analysis

The weekly BNB price is trading within a descending parallel channel in the long term and faced rejection after testing the pivotal resistance at $254.7
After this move, the BNB price is close to testing the interim lower support at $210 as the RSI is bearish and heading south
Therefore, the token is believed to drop, trigger a rebound, reach the upper resistance and complete the double-bottom pattern
Further, the price could trigger a fine rise beyond these levels, head towards the north and reach the upper resistance zone between $325 & $356

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Filed under: Bitcoin - @ November 30, 2023 1:22 pm