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

BTC's return found support at $90,791 on November 26, and the bulls pushed the price above $96,000 on November 27. BTC Markets head of finance and crypto analyst Charlie Sherry told Cointelegraph that a drop to $92,600 is “likely” before bitcoin finally crosses $100,000.

However, some analysts are not convinced that Bitcoin will break above $100,000 in a hurry. Ryan Lee, chief analyst at Bitgate Research, told Cointelegraph that bitcoin could “correct 30 percent before the cycle peaks.

It is a healthy phenomenon because the corrections in the strong ups and downs reduce the over-excitement of the specialists. Bitcoin's recent drop doesn't indicate a short-term high, but traders should be alert for another rejection near $100,000.

Can Bitcoin pierce the $100,000 resistance or will higher levels attract strong bearish selling? How can altcoins behave? Let's examine the charts of the top 10 cryptocurrencies to find out.

Bitcoin price analysis

Bitcoin fell below the high line on November 26, but the bulls held the support of the 20-day exponential moving average ($89,857).

The bulls pushed the price above the high line on November 27, indicating strong buying at lower levels. If the price stays above the uptrend line, the BTC/USDT pair may rally towards the psychologically critical level of $100,000. Sellers are expected to strongly defend this level, but if the bulls prevail, the pair could rise to $113,331 and then $125,000.

If the price declines significantly and falls below the 20-day EMA, this optimism will be rejected in the near term. The pair can go down to 85,000 dollars, which is expected to attract buyers.

Ether price analysis

Ether (ETH) consolidation has resolved to the upside with a break above the lower line, indicating a possible trend reversal.

If buyers hold the price above the lower line, the ETH/USDT pair may rise to $3,900 and later to $4,094. Sellers are expected to strongly defend the $3,900 to $4,094 resistance zone.

If the price fails to stay above the downtrend line, it indicates bear sellers in the rallies. The pair may descend towards the 20-day EMA ($3,191), which is an important support to watch out for. If this support gives way, the pair could drop to $3,000.

Solana price analysis

Solana (SOL) bulls successfully held the mix to the 20-day EMA ($227) on November 26, indicating positive sentiment.

If the price rises above $240, the bulls will try again to drive the SOL/USDT pair to the $264 resistance. This is an important level for bears to watch as a break and close above it could push the pair towards $300.

Instead, if the price declines and breaks below the 20-day EMA, it suggests that the bulls are rushing to the exit. That could sink the pair to the $210 breakout level, which is expected as a strong support.

BNB price analysis

BNB (BNB) returned to the 50-day SMA ($601) on November 26, but a positive sign is that the bulls are holding the level.

The 20-day EMA ($620) is correcting and the RSI is above the midpoint, indicating a balance between supply and demand. If the BNB/USDT pair enters below the 50-day SMA, this balance will tilt to the bears. The pair can then fall to the top line, which can act as strong support.

A close above $635 suggests that the bulls will remain in control. The pair may rise to $667 and later to $687. A break and close above $687 could push the pair towards $722.

XRP price analysis

XRP (XRP) rose sharply from $1.28 on November 26, indicating that the bulls are trying to establish a higher low.

The bulls will try to push the price above $1.50 and challenge the profit barrier at $1.63. If buyers overcome the resistance, the XRP/USDT pair may accelerate to $1.76 and then to $1.97.

The $1.27 level is an important support to look on the downside. A break and close below $1.27 could sink the pair to the 20-day EMA ($1.10), which is expected to attract strong buying from bulls.

Dogecoin price analysis

Dogecoin (DOGE) returned to the 20-day EMA ($0.35) on November 26, indicating profit booking by short-term traders.

A strong rebound in the 20-day EMA suggests positive sentiment. The bulls will again try to push the DOGE/USDT pair above $0.44. If they do that, the pair may rise to $0.50 and then to $0.59.

Conversely, a break and close below the 20-day EMA suggests the initiation of a deeper correction. The pair may drop to $0.33 and later to $0.30. Such a move indicates that the pair may soon move higher.

Cardano price analysis

Cardano (ADA) retracement found support at the 61.8% Fibonacci retracement level at $0.86, indicating overbought on the dips.

The ADA/USDT pair rose above $1 on November 27, but the rally is expected to face resistance around the $1.15 level. If the price drops significantly below $1.15, it would suggest range-bound action in the near term. The pair may fluctuate between $0.86 and $1.15 for some time.

The next leg of the rally will begin at the break and close above $1.15. The pair can then go up to $1.25. Conversely, a break below the $0.86 support increases the risk of a decline to $0.80.

Related: Why Is XRP Price Rising Today?

Price analysis

The bulls bought a dip to the defensive line on November 26, but Avalanche (AVAX) is having trouble pushing above $45.

However, the rising 20-day EMA ($36.64) and the RSI indicate that minor resistance in the overbought zone is the way to the upside. If buyers place the price above $45, the ADA/USDT pair may rally to $50 and then to $60.

The 20-day EMA is a crucial support to watch out for on the downside. If the price declines and breaks below the 20-day EMA, it indicates that the markets have rejected the gap. The pair may descend towards the 50-day SMA ($30.38).

Token price analysis

Toncoin (Ton) rose above the 20-day EMA ($5.66) on November 26, indicating a change from selling on rallies to buying on dips.

An upward 20-day EMA and RSI near overbought territory indicate that the bulls are in control. If buyers drive the price above $6.60, the TON/USDT pair may rally to $7 and later to $8.29.

If the bears want to prevent the upside, they need to quickly move the price below the moving averages. If they do that, the pair could fall to the critical support zone between $4.72 and $4.44.

Shiba Inu price analysis

Shiba Inu (SHIB) has been trading between the 20-day EMA ($0.000024) and profit resistance at $0.000029 over the past few days.

A strong advance from the 20-day EMA on November 27 suggests that the bulls will continue to defend the level. Buyers will try to push the price towards $0.000030, a critical resistance to watch. A break and close above $0.000030 completes an inverted head and shoulders pattern.

Conversely, a break and close below the 20-day EMA suggests that the bulls have given up hope. The SHIB/USDT pair may drop to $0.000022 and then to the dreaded support at $0.000020.

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.