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

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


The Bitcoin (BTC) bulls kept the pressure, and the price is trying to climb above $95,000. Options contracts on BlackRock's spot on the Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust ETF (IBIT), which launched on November 19, took an instant hit.

In a post on X, Bloomberg ETF analyst James Seifert noted that IBIT options recorded roughly $1.9 billion in notional exposure, and that could be the reason for a new all-time high for Bitcoin on November 19.

Bitcoin's price is approaching $100,000, but Bitcoin's largest corporate owner, MicroStrategy, is showing no signs of slowing down its buying. The business intelligence firm said it plans to buy more bitcoins and raise $2.6 billion in high-volatility notes for corporate purposes.

Daily View of Crypto Market Data. Source: Coin360

Although many analysts are bullish on Bitcoin's prospects, onchain data service CryptoQuant in a post on X warns of five indicators that Bitcoin could reach an all-time high.

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Will Bitcoin Break $100,000, Trigger Strong Buying In Altcoins? Let's examine the charts of the top 10 cryptocurrencies to find out.

Bitcoin price analysis

Bitcoin rose to a new high on November 20, indicating the beginning of the next phase of growth.

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BTC/USDT Daily Chart. Source: TradingView

The BTC/USDT pair may reach $100,000, the bears will try to stop the upward movement. However, the upward trend of the 20-day EMA ($83,818) and the Relative Strength Index (RSI) show that the bulls are in control in the overbought zone. If the $100,000 resistance is passed, the rally could reach $113,331.

The first sign of weakness is a break and close below the high line. That can tempt short-term traders to book profits. A deep correction may begin below the 20-day EMA.

Ether price analysis

Buyers tried to push and hold Ether (ETH) above the $3,220 level on November 18, but the bears held their ground.

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ETH/USDT Daily Chart. Source: TradingView

A key support worth noting on the downside is the 20-day EMA ($2,986). If the support holds, the bulls will try to break above $3,220 again. If they can pull through, the ETH/USDT pair may rally to the bottom line. Sellers are expected to mount strong resistance on the downtrend line.

If the price slips below the 20-day EMA, the trend is tilted to the bears. The pair may fall towards $2,850 and later towards the 50-day SMA ($2,688).

Solana price analysis

Solana (SOL) declined from $248 on November 18, but a shallow retracement suggests that the bulls are not in a rush for an exit.

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SOL/USDT Daily Chart. Source: TradingView

Both moving averages are trending upward, and the RSI is in overbought territory, suggesting an upward path of least resistance. There is strong resistance at $260, but if the buyers have their way, the SOL/USDT pair may rise to $304.

Conversely, failure to break above the $248 to $260 high resistance zone may tempt many short traders to book profits. That could take the price towards the 20-day EMA ($209).

BNB price analysis

BNB (BNB) is taking support at the 20-day EMA ($610), indicating that bulls are buying on the dips.

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BNB/USDT Daily Chart. Source: TradingView

Buyers should quickly exit the price above $667 to strengthen their position. If they do that, the BNB/USDT pair could rally to $722. This level is expected to act as a strong barrier, but if the bulls lose, the pair could rise to $810.

If the price closes below the 50-day SMA ($591), this bullish outlook will become invalid in the near term. The pair may move down to the top line, which is likely to attract buyers again.

XRP price analysis

XRP (XRP) is consolidating between $1 and $1.20 after a recent straight rally, suggesting that bulls are in no rush to book profits.

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XRP/USDT Daily Chart. Source: TradingView

The bulls will again try to drive the price above $1.27. If they succeed, the XRP/USDT pair can continue to rise. The pair may extend its rally to $1.27 and then to $1.70.

The bears may have other plans. They will try to defend the resistance of $1.27 and pull the price below the psychological support of $1. If that happens, the pair could enter a deep correction at the 20-day EMA ($0.81). Such a move can delay the start of the next leg of the climb.

Dogecoin price analysis

Buyers tried to push Dogecoin (DOGE) above the $0.44 resistance on November 19, but the bears held their ground.

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DOGE/USDT Daily Chart. Source: TradingView

The DOGE/USDT pair has been stuck between $0.33 and $0.44 for the past few days, indicating a fierce battle between bulls and bears. If the price rises above $0.44, it shows that the bulls have defeated the bears. That could bring the pair to $0.50 and later to $0.59.

Alternatively, a break below $0.33 would indicate that the bulls are abandoning their positions. That could sink the pair to the 20-day EMA ($0.30), which is important short-term support.

Cardano price analysis

Cardano ( ADA ) broke above the $0.80 barrier on November 20, signaling a bullish resumption.

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ADA/USDT Daily Chart. Source: TradingView

If the price stays above $0.80, the ADA/USDT pair may rise to the $1 psychological level. This level can act as a strong barrier, but if it is cleared, the pair can move towards $1.25.

If the price breaks above the overhead resistance and breaks below $0.70, this bullish view is worthless in the near term. That could tempt short-term buyers to book profits, pulling the pair closer to the 20-day EMA ($0.58).

RELATED: BTC Price Higher Over $94K Amid Bitcoin Selloff Warning

Shiba Inu price analysis

Shiba Inu (SHIB) has been trading above the 20-day EMA ($0.000023), but the bulls failed to clear the $0.000026 barrier. This indicates that demand will dry up significantly.

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SHIB/USDT Daily Chart. Source: TradingView

The price is stuck between the 20-day EMA and $0.000026. An uptrending 20-day EMA and RSI in positive territory give buyers a slight edge. A close above $0.000026 could move the SHIB/USDT pair to $0.000029 overhead resistance.

Conversely, if the price breaks below the 20-day EMA, it indicates that the bulls have given up. The pair may descend towards the 50-day SMA ($0.000019), which is expected to attract buyers.

Token price analysis

Toncoin (Ton) is struggling to start a retracement from its moving averages, indicating a lack of interest at higher levels.

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TON/USDT Daily Chart. Source: TradingView

The bears try to strengthen their position by pulling the price below the moving averages. If they manage to do that, the TON/USDT pair could fall to the $4.72 to $4.44 support zone. A close below $4.44 completes the head and shoulders pattern, so buyers are expected to defend this zone with all their might. That could sink the pair to $3.50.

On the upside, the bulls need to push and hold above $6 to signal a comeback. Then the pair can go up to $7.

Price analysis

Sellers thwarted the bulls' attempt to push the Avalanche (AVAX) over the defensive line on November 17th.

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AVAX/USDT Daily Chart. Source: TradingView

The 20-day EMA ($31.59) is a critical support to watch out for on the downside. If the price breaks above the current level or crosses the 20-day EMA with strength, it indicates buying on the dip. This increases the chance of getting lost above the defensive line. The AVAX/USDT pair may rally to $42 and then to $50.

Contrary to this assumption, a break and close below the 20-day EMA indicates that the bulls are losing their grip. The pair can jump to the 50-day SMA ($28.24), extending the stay in the channel for a few more days.

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.

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