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Buyers trying to resume the bullish trend in Binance BNB

Cardano ADA Price Breaks Above the 50 SMA, Binance Coin Targets ATH at $700

Posted Wednesday, November 10, 2021 by
Skerdian Meta • 2 min read

The cryptocurrency market was looking uncertain in the last two weeks, after the bullish momentum during most of October. But, now it seems like everything is back in line and almost all cryptocurrencies are rallying, after BITCOIN made a new high to $68,500 while ETHEREUM also keeps making new highs. In this crypto update, we will take a look at Cardano which has made a move at last, and Binance coin which continues to show relentless bullish momentum.

Cardano Daily Chart Analysis – The 50 Daily SMA Is Finally Broken in ADA/USD

ADA/USD now facing the 100 daily SMA

Cardano is a very interesting project, which has received a lot of attention. In the wake of the crypto competition, with the likes of the Fantom Developer Conference, the Ethereum 2.0, or the 500 projects on Solana, Input Output which is a company associated with Cardano, released a final list of all the projects on the Github repository Cardano ecosystem yesterday.

Cardano Coin ADA Live Chart

ADA/USD

Binance Daily Chart Analysis – BNB Targeting $700 Now

The buying pressure is relentless in Binance coin 

Binance has been under pressure from the global financial establishment and the cyber attacks the trading platform faced in May 2021. The Binance exchange has been banned from certain countries, while warnings have been issued against it in other countries. Besides that, the cyberattacks in May were followed by the outages in the platform so a lawsuit is underway against Binance, which also seems arranged after the attack, but Binance has brushed off everything.

The Binance coin BNB has recovered well after the major crash in May and after the smaller one in September, due to the crypto crackdown. But, the crackdown is not having much impact on the crypto industry which is progressing, so BNB is also progressing higher. Now, BNB/USD is facing the all-time highs ATH at $700 and if buyers push above that level soon, then $1,000 will be the next target.

Binance Coin BNB Live Chart

BNB/USD
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