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

Bitcoin (BTC) has been hovering around $100,000 for a few weeks now, and data suggests that every tiny pot is being bought. According to data from Soso Value, the US-based bitcoin exchange saw $676 million in inflows on December 3.

According to Charles Edwards, founder of Capriol Investments, in a post on X, institutional interest in Bitcoin has gone crazy, with 13.5% of Bitcoin holdings being held by institutions and AFAs.

Reinforcement generally reaches the surface near a critical surface barrier. But traders need to be careful because a repeated failure above the resistance will cause short-term bulls to lock in profits and cause a quick fall.

Can Bitcoin Consolidate Up or Down? How is the behavior of altcoins maintained? Let's examine the charts of the top 10 cryptocurrencies to find out.

Bitcoin price analysis

Bitcoin has formed a symmetrical triangle pattern that indicates indecision between bulls and bears.

The upward trend of the 20-day EMA ($92,992) and the relative strength index (RSI) in the positive zone indicate that the bulls have the edge. A break and close above the triangle increases the possibility of a rally above $100,000. The BTC/USDT pair may rise to $113,331 and then $125,000.

The advantage favors bears on the break and closes below the triangle. That may begin to decrease to $90,000 and later to $85,000. If the supports are broken, the decline could extend to the 50-day simple moving average ($81,543).

Ether price analysis

Ether (ETH) rose from the low line on December 3, which indicates that the bulls are trying to turn the level to support.

Upward moving averages and an RSI near the overbought zone suggest that the path of least resistance is up. The ETH/USDT pair may rise to $4,000 and later to $4,094. Buyers are expected to face strong selling at $4,094.

This optimism will be rejected in the near term if the price declines and breaks below the 20-day EMA ($3,436). Such a move shows a lack of interest at higher levels. The pair may descend towards the 50-day SMA ($2,991).

XRP price analysis

XRP (XRP) was on a strong rise, but the rally stopped at $2.91 on December 3, which suggests that the bulls are taking profits.

The first support on the downside is the 38.2% Fibonacci retracement level at $2.28. If the price bounces back from this support, the bulls will make one more attempt to push the XRP/USDT pair above $2.91. If they can pull through, the pair could rise to $3.84.

Contrary to this assumption, if the $2.28 support is breached, the pair may fall to the 50% retracement level to $2.09 and later to the 61.8% retracement level to $1.90. A deeper pullback may delay the start of the next uptrend.

Solana price analysis

Solana (SOL) changed from $215 on December 3, indicating that the bulls will strongly defend the exit level of $210.

The 20-day EMA ($230) is flat, and the RSI is above the midpoint, indicating a near-term breakout. The SOL/USDT pair may fluctuate between $210 and $248 for a few days.

A break and close above $248 could open the doors for a rally to $264. The bears are expected to defend the $264 level with all their might, as a rally above it could take the pair to $300.

A slide below the 50-day SMA ($202) indicates that the bears are in control.

BNB price analysis

BNB (BNB) rebounded well from the 50-day SMA ($615) on December 3 and rose above the $722 resistance.

The bears will try to bring the price back below $722, while the bulls will try to defend it. If the price recovers from $722, it will show that the bulls are in control. This rally increases the likelihood of a target at the $810 pattern.

Instead, if the price breaks below $722, it indicates that the bears will move higher. The BNB/USDT pair may slide towards $680 and then towards the 20-day EMA ($654).

Dogecoin price analysis

Dogecoin (DOGE) has broken out of the support line of the December 3 channel pattern, indicating that it is buying at lower levels.

Upward moving averages and an RSI in the positive territory indicate that bulls are dominant. Buyers will try to push the price against the resistance of the range where the bears can enter.

If the breakout fails to hold, it suggests that the bears will sell in small relief rallies. That increases the risk of breaking below the support line of the channel. If that happens, the DOGE/USDT pair could slide towards $0.33 and later towards the 50-day SMA ($0.27).

Cardano price analysis

A long wick December 3 candlestick on Cardano (ADA) shows that the bears have aggressively sold the rally above $1.25.

A positive sign in favor of the bulls is that they are not giving much ground to the bears. This suggests that buyers expect the upward movement to continue. If the price breaks above $1.33, the ADA/USDT pair may rise to $1.50.

Conversely, if the price declines and breaks below $1.14, it indicates that the bulls are losing their grip. The pair may return to the 20-day EMA ($0.96), while the bulls and bears may see a fierce battle.

Related: Why is BNB price up today?

Price analysis

Avalanche (AVAX) surged above $51 overhead resistance on Dec. 2, indicating the bulls are in command.

The bears tried to bring the price back below $51 on December 3, but the bulls held their ground. This shows that the bulls are trying to turn the $51 level into support. If they succeed, the AVAX/USDT pair could rally to $60 and then to $65.

If the bears want to prevent an upside, they need to quickly pull the price back below $51. The pair may descend towards the 20-day EMA ($42.63), which is expected to act as a strong support.

Token price analysis

Toncoin (TON) has started its northward journey to resist the large range between $4.44 and $8.29.

The bears tried to stop the upward movement by pulling the price to the 20-day EMA ($6.19) on December 3, but the bulls held their ground. There is little resistance at $7.65, but it could be crossed. The TON/USDT pair can rally to $8.29, the bears are expected to have strong resistance again.

The 20-day EMA is a crucial support to watch out for on the downside. A break and close below the 20-day EMA suggests that the bears are back in the game. The pair may decline towards the 50-day SMA ($5.47).

Shiba Inu price analysis

Shiba Inu (SHIB) shows positive sentiment retesting the breakout level from the similar triangle pattern on December 3rd.

There is minimal resistance at $0.000033. If buyers overcome this hurdle, the SHIB/USDT pair could reach $0.000039. The bears are expected to defend the level strongly, but if the bulls lose, the upward movement can be extended to $0.000047.

If the price declines and breaks below the 20-day EMA ($0.000026), this bullish outlook is worthless in the near term. Such a move suggests that a break above $0.000030 could be a bull trap.

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.