The crypto market is going through a major resurgence, and Bitcoin might be the biggest cause behind the latest weekly rises. Bitcoin is usually the main catalyst for price changes in the crypto market given the fact that Bitcoin holds over 55% of the total market value, which is a major dominance when compared to each crypto individually. This week, Binance Coin, Cardano, NEO, and Chainlink are also under the close eye of crypto traders and analysts, showing daily and weekly gains.
Binance Coin (BNB) Weekly Analysis
Despite evident rises on the weekly and daily charts with the end of the second week of November 2020, Binance Coin (BNB) is seen on a decline. The highest price for the week for BNB is 28$ and the lowest is 27$. Since there are no major fluctuations between the highest and the lowest price, BNB is somewhat stable when it comes to weekly progress. The current BNB price is set at the lowest end for the week, 27$. In the change of trends, BNB should try to reach 30$ as the next price target.
Cardano (ADA) Weekly Analysis
Cardano’s ADA also took a swing and scored some gains for the week concluded with Friday, however, the crypto started to dip on the weekly and the daily charts at the start of the weekend. ADA is currently down for the week by -5.7%, with the highest price set at 0.107$. The lowest price for the week is set at 0.1023$, while the present ADA price is 0.1027$.
NEO (NEO) Weekly Analysis
NEO is seen at the value of 15.56$ with the latest daily and weekly dip by -1.6% and -0.8% respectively. The highest price for the week for NEO was set at 16$, nearing the target of 17$, while the present price is closer to the lowest for the week, 15.45$.
Chainlink (LINK) Weekly Analysis
Chainlink (LINK) is also seen in a decline by -2.4% on the daily chart, however, despite the daily dip, LINK is showing weekly gains by 2.9%. The lowest price for the week is set at 11.79$ and the highest price is 12.89$. The current price is 12.52$, which is closer to the highest for the week. LINK may continue to rise to attempt to get back to the highest for the week, and potentially reach 13$.
Image credits: Photo by Austin Distel on Unsplash
