BTC, ETH, BNB and ADA Price Analysis for November 4

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The weekend has started with continued growth of the cryptocurrency market.

BTC/USD

The rate of Bitcoin (BTC) has increased by 1.09% over the last day.

On the hourly chart, the rate of Bitcoin (BTC) is trading sideways, getting energy for a further move. The volume has declined, which means that neither bulls nor bears are ready yet. In this case, consolidation in the area of $34,400-$35,400 is the more likely scenario for the next few days.

Bitcoin is trading at $34,723 at press time.

ETH/USD

Ethereum (ETH) has gained more than Bitcoin (BTC), rising by 2.40%.

From the technical point of view, the rate of ETH is looking more bullish than BTC. The price is on the way to test the resistance at $1,865.

If buyers can hold the initiative, traders can expect a test of the $1,900 zone soon.

Ethereum is trading at $1,835 at press time.

BNB/USD

Binance Coin (BNB) has gained the most value today, rising by 3.28%.

On the daily time frame, the rate of Binance Coin (BNB) has broken the resistance of $234.8. If buyers can hold the gained initiative and maintain the price above that mark, the growth may continue to the $240-$245 area next week.

BNB is trading at $236 at press time.

ADA/USD

Cardano (ADA) is not an exception, going up by 2.63%.

On the daily chart, the rate of ADA is looking bullish as the price is returning to the resistance level of $0.3295. If the bar closes around that mark, there is a chance to see a breakout followed by a blast to the $0.34 area.

ADA is trading at $0.3223 at press time.

About the author

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].

Source: https://u.today/btc-eth-bnb-and-ada-price-analysis-for-november-4