Price analysis 11/15: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, MATIC, LINK, TON
Bitcoin (BTC) surrendered to profit-booking on Nov. 13 and 14, which pulled the cost below $35,000. BNB rate analysisBNB (BNB) broke listed below the 20-day EMA ($239) on Nov. 14 but snapped back from the strong support at $235. Purchasers will attempt to push the cost to the $258 to $265 overhead resistance zone. If the rate turns down sharply from $265, the BNB/USDT pair may drop to $235 and oscillate between these 2 levels for some time.XRP cost analysisXRP (XRP) pierced the $0.74 resistance on Nov. 13 and then turned down rapidly, suggesting aggressive selling at higher levels.XRP/ USDT everyday chart. Related: 3 factors why Bitcoin cost stopped working to break $37KPolygon price analysisPolygon (MATIC) saw substantial volatility on Nov. 13 and 14, as seen from the large intraday varieties.
Bitcoin (BTC) succumbed to profit-booking on Nov. 13 and 14, which pulled the rate listed below $35,000. Corrections are a regular part of every up-move and are considered healthy as they shake out the weak hands and enable the more powerful hands to contribute to their positions. A note of care to the eager dip buyers is that Glassnode information shows the number of whale wallets with more than $1,000 Bitcoin dropped to its lowest level in about a month. This shows that some whales might have offered into the current strength.Daily cryptocurrency market efficiency. Source: Coin360DecenTrader co-founder Filbfilb said in an interview with Cointelegraph that a drawdown might come before the rally leading into Bitcoin halving in April 2024. Filbfilb thinks Bitcoin might get rate after that and reach $46,000 to $48,000 by halving.Could Bitcoin and the choose altcoins resume their uptrend, or will greater levels bring in solid selling by the bears?Lets examine the charts of the leading 10 cryptocurrencies to discover out.Bitcoin cost analysisBitcoin returned to the ascending channel pattern on Nov. 13, which may have trapped the aggressive bulls. That began a liquidation, which pulled the cost to the channels assistance line on Nov. 14. BTC/USDT daily chart. Source: TradingViewThe strong bounce off the support line suggests that lower levels continue to bring in buyers. The bulls will try to push the BTC/USDT set above the resistance line, however may experience strong selling by the bears.If the rate rejects and breaks below the channel, it will recommend that traders are rushing to the exit. That may yank the price to the $32,400 to $31,000 support zone. The bulls are anticipated to strongly purchase lower levels. The bulls will be back in control after they shove the price above $38,000. Ether rate analysisEther (ETH) turned up on Nov. 13, but the long wick on the days candlestick recommends offering at greater levels. The selling continued on Nov. 14, and the cost slipped listed below the mental level of $2,000. ETH/USDT daily chart. Source: TradingViewThe failure of the bulls to flip the $2,000 level into support is an unfavorable indication, but a solace is that buyers held the 20-day rapid moving average ($1,921) on the disadvantage. If buyers keep the rate above $2,000, it will suggest vigorous purchasing at lower levels. The ETH/USDT pair may then retest the overhead zone in between $2,137 and $2,200. Conversely, if the rate turns down and breaks listed below the 20-day EMA, it will indicate that the bears are back in the game. That could clear the path for a decrease to the 50-day SMA ($1,745). BNB cost analysisBNB (BNB) broke below the 20-day EMA ($239) on Nov. 14 but snapped back from the solid assistance at $235. This recommends robust buying at lower levels.BNB/ USDT day-to-day chart. Source: TradingViewThe upsloping moving averages and the relative strength index (RSI) in the positive area recommend that bulls have a minor edge. Buyers will attempt to press the rate to the $258 to $265 overhead resistance zone. Sellers are anticipated to safeguard this zone with vigor. If the price rejects greatly from $265, the BNB/USDT pair might drop to $235 and oscillate between these 2 levels for some time.XRP price analysisXRP (XRP) pierced the $0.74 resistance on Nov. 13 and then denied rapidly, indicating aggressive selling at greater levels.XRP/ USDT daily chart. Source: TradingViewThe selling continued Nov. 14, pulling the cost listed below the 20-day EMA ($0.62). This level is likely to witness a difficult fight between the bulls and the bears. If the cost keeps listed below the 20-day EMA, the next stop could be the 50-day SMA ($0.56). Such a move recommends that the XRP/USDT pair may swing between $0.56 and $0.74 for a while.The bulls will be back in the chauffeurs seat after they move the rate above the overhead resistance at $0.74. The pair might then climb up to $0.85 and later on to $1. Solana cost analysisThe bears tried to begin a correction in Solana (SOL) on Nov. 13, but the bulls stepped in and detained the decrease at $51 on Nov. 14. SOL/USDT daily chart. Source: TradingViewBuying continued on Nov. 15, and the bulls are attempting to conquer the barrier at $64. The SOL/USDT pair could begin the next leg of the uptrend if they manage to do that. The set might then rally to $77 and consequently to $95. The danger to the upside move is that the RSI has been in overbought area for the previous a number of days. That suggests the rally is overextended in the near term and may witness a correction or consolidation.Cardano rate analysisCardano (ADA) stayed above $0.38 from Nov. 10 to 12, however the bulls might not develop upon the next leg of the uptrend. That may have tempted short-term traders to book revenues, pulling the rate to the 20-day EMA ($0.34) on Nov. 14. ADA/USDT everyday chart. Source: TradingViewThe ADA/USDT set rebounded greatly off the 20-day EMA, as seen from the long tail on the candlestick. Buyers will try to move the rate to the $0.38 to $0.39 resistance zone. The set might rally to $0.46 if bulls conquer this challenge. Rather, if the rate refuses and plunges listed below the 20-day EMA, it will unlock for a possible decrease to $0.32. Such a relocation will suggest that the pair may combine in between $0.24 and $0.38 for a few days.Dogecoin cost analysisDogecoin (DOGE) stopped working to sustain above $0.08 on Nov. 11 and 12, resulting in a correction to the 20-day EMA ($0.07) on Nov. 14. DOGE/USDT daily chart. Source: TradingViewThe bears pulled the price listed below the 20-day EMA, however the long wick on the candlestick reveals solid purchasing at lower levels. The bulls will again try to push the cost to $0.08, where they are most likely to encounter strong selling by the bears. If the rate refuses from $0.08 and breaks listed below the 20-day EMA, it will suggest that the DOGE/USDT pair might stay range-bound for a while. Contrarily, a break and close above $0.08 will indicate the start of the next leg of the up-move to $0.10. Related: 3 reasons why Bitcoin price failed to break $37KPolygon cost analysisPolygon (MATIC) saw substantial volatility on Nov. 13 and 14, as seen from the big intraday ranges. This indicates an intense battle between the bulls and the bears.MATIC/ USDT day-to-day chart. Source: TradingViewThe failure of the bulls to sustain the cost listed below the $0.89 level suggests that the bulls are attempting to turn the level into support. The bulls might once again deal with stiff opposition from the bears at the mental level of $1. It will increase the likelihood of the resumption of the uptrend if the cost turns down from this level but does not slip listed below $0.89. Above $1, the MATIC/USDT pair might reach $1.20. On the contrary, a fall below $0.84 could start a correction to the 20-day EMA ($0.77). Chainlink rate analysisChainlink (LINK) is correcting in a strong uptrend. The price dipped to the 20-day EMA ($13.16) on Nov. 14, which is most likely to act as a formidable support.LINK/ USDT daily chart. Source: TradingViewIf the bounce off the 20-day EMA sustains, the bulls will attempt to press the price to the regional high of $16.60. Due to the fact that a break above it will signify the resumption of the uptrend, this is a critical level to view out for. The LINK/USDT pair could next rally to $20. Contrary to this assumption, if the rate declines from $16.60, it will recommend that the bears remain active at higher levels. That could keep the set stuck in between $16.60 and the 20-day EMA for some time.Toncoin cost analysisToncoin (TON) discovered support at $2.31 on Nov. 12, however the rebound was brief. The cost rejected and dropped below $2.31 on Nov. 14. TON/USDT daily chart. Source: TradingViewThe failure of the bulls to protect the 20-day EMA ($2.31) suggests that the favorable momentum is compromising. Both moving averages have flattened out, and the RSI is near the midpoint, indicating a range-bound action in the near term.On the drawback, if the 50-day SMA fractures, the TON/USDT set might fall to $2 and thereafter to $1.89. Buyers are expected to guard this level with vitality. The bulls will have to propel the price above $2.77 to indicate the start of the next leg of the up-move. This article does not consist of investment guidance or suggestions. Every financial investment and trading relocation involves threat, and readers must perform their own research study when making a choice.