BTC, ETH, SOL, BNB, DOGE, XRP, ADA, SHIB, TON, AVAX

Bitcoin (BTC) is in no mood to slow down, showing strong appetite at the highs as it surged above $93,000 on November 13. US-based bitcoin exchange-traded funds saw a record $4.22 billion inflow between Nov. 6 and Nov. 12, according to data from Farside Investors.

In an interview with Cointelegraph, Fadi Aboualfa, head of research at Copper.co, said that Bitcoin could reach $100,000 on January 20 “by the time of the presidential inauguration.”

However, some analysts are cautious in the near term and believe that Bitcoin should take a break before continuing its upward movement.

“BTC needs to slow down and build some structural support in the new range,” Keith Allan, founder of Material Indicators, said in a post on X.

Could Bitcoin and altcoins extend their upward move or is a correction just around the corner? Let's examine the charts of the top 10 cryptocurrencies to find out.

Bitcoin price analysis

Bitcoin is on a strong uptrend, which has pushed the Relative Strength Index (RSI) into overbought territory. This increases the possibility of a slight correction or consolidation in the near future.

On the low side, the immediate support is $85,000. If the price declines and breaks below $85,000, short-term bulls may be tempted to book profits. That could start to move back toward the 20-day exponential moving average ($76,451).

The level of $93,554 can be used as resistance, but if the bulls win, the BTC/USD pair can grow to psychological resistance at $100,000. If this level is crossed, the next stop could be $113,331.

Ether price analysis

Ether (ETH) was rejected from $3,443 on November 12, which bears protect the lower line.

The pullback is finding support at the 38.2% Fibonacci retracement level near $3,028, indicating strong buying at each minor pot. The ETH/USDT pair may reach the bottom line, the bears are expected to mount a strong resistance. If buyers break the low line, the pair could rise to $3,800 and eventually to $4,094.

If the price continues lower and falls below the 50% retracement level of $2,900, short-term gains are tilted to the bears.

Solana price analysis

Solana (SOL) closed above the $210 resistance on November 11, which shows the benefit for the bulls.

The bears tried to bring the price back below the $210 level, but the bulls held their position. This shows that the buyers are trying to turn the $210 level into support. If they manage to do that, the SOL/USDT pair could rise to $225 and later to $260.

Bears need to quickly break below the 20-day EMA ($188) if they want to prevent upside. If this happens, many aggressive bulls can be trapped, resulting in a long discharge. That could start to decline towards the 50-day SMA ($164).

BNB price analysis

BNB (BNB) closed above the $635 resistance on November 11, but the bulls could not maintain the higher levels.

The BNB/USDT pair re-entered the range on November 12, but the price rebounded from the 20-day EMA ($602) on November 13, indicating buying on the dips. Buyers will attempt to initiate a new move by pushing the price above $667. The pair could rise to $722.

Alternatively, a break and close below the moving averages indicates that the bulls are losing their grip. The pair may drop to the higher line which is expected to attract buyers.

Dogecoin price analysis

Dogecoin (DOGE) rose vertically after breaking out of the $0.23 resistance on November 10, indicating strong buying by bulls.

As seen from the long wick on the November 12 candlestick, the bears tried to stop the upward movement at $0.44, but the bulls bought the dip to $0.35 on November 13 and are again trying to clear the upper barrier. If the price stays above $0.44, the DOGE/USDT pair may rise to $0.50 and then to $0.59.

The first support on the downside is the 38.2% Fibonacci retracement level at $0.32 and then the 50% retracement level at $0.29. A deep pullback below $0.29 could slow the rally.

XRP price analysis

XRP (XRP) rose above the $0.64 resistance on November 12 and reached the dreaded barrier at $0.74.

The bears tried to bring the price back below $0.64 on November 13, but the long tail on the candlestick shows strong buying at lower levels. The XRP/USDT pair may consolidate in the $0.64 to $0.74 range for some time, increasing the possibility of an upside. A large range breakout between $0.41 and $0.74 provides a pattern target of $1.07.

If the price slips and stays below the $0.64 support, this bullish outlook is worthless in the near term.

Cardano price analysis

Buyers tried to push Cardano (ADA) above the $0.66 resistance on November 12, but the bears held their ground.

That started a pullback that found support in the zone between the 38.2% Fibonacci retracement level at $0.53 and the 50% retracement level at $0.49. The bulls will try to clear the barrier at $0.66 and continue to rise to $0.77.

Conversely, a break and close below $0.49 indicates that the bulls are rushing to the exit. That could sink the ADA/USDT pair to the 20-day EMA ($0.44), which could act as strong support.

Related: Dogecoin Follows ‘Classical Charting Principle' Suggested in 1,000%+ DOGE Rally

Shiba Inu price analysis

Shiba Inu (SHIB)'s rally stopped at $0.000030 on November 12, indicating bulls are taking profits.

The Bears were Prices broke below the $0.000024 support on November 13, but lower levels attracted strong bull buying. Buyers will try to drive the SHIB/USDT pair above $0.000030. If you manage to pull through, the pair may rise to $0.000033 and later to $0.000039.

Contrary to this assumption, if the price declines from the current level or overhead resistance and breaks below $0.000023, it suggests that the pair may swing in a larger range between $0.000030 and $0.000013 for a few days.

Token price analysis

Toncoin (TON) closed above the 50-day SMA ($5.21) on November 10, but bulls are struggling to maintain higher levels.

Sellers are trying to push the price back below the moving averages. If they do that, the ton/dollar pair can go down to the $4.72 to $4.44 support zone. This is a critical zone for the bulls to defend as the break below it completes a bearish head and shoulders pattern. The negative setup may begin to decline towards $3.50.

Buyers will need to hold the price above $6 to break the bearish setup.

Price analysis

Avalanche (AVAX) has fallen sharply below the November 12 channel pattern resistance line, indicating profit booking by short-term buyers.

The bears tried to lower the price on November 13, but the long tail on the candlestick indicates strong buying at lower levels. The bulls will try again to drive the AVAX/USDT pair above the resistance line. If successful, the pair could rise to $41.80.

Instead, if the price falls below the current level or the resistance line, it indicates that sellers are active at a higher level. A break below the 20-day EMA ($28.99) indicates that the pair may remain in the channel for some time.

This article does not contain investment advice or recommendations. Every investment and business activity involves risk, and readers should do their own research when making a decision.