Originally published on: November 27, 2024
Bitcoin recently experienced a pullback to $90,791 before bouncing back above $96,000. With analysts divided on whether BTC will break $100,000 anytime soon, the market remains uncertain. However, corrections are seen as healthy in a strong uptrend.
Looking beyond Bitcoin, let’s dive into the top 10 cryptocurrencies:
Bitcoin (BTC) – Bulls defended the 20-day EMA, indicating strong buying interest. If BTC holds above the uptrend line, a rally to $100,000 is possible.
Ethereum (ETH) – ETH broke above the downtrend line, setting the stage for a potential trend change. A move above $3,900 could lead to further gains.
Solana (SOL) – SOL bulls held the 20-day EMA, targeting $264. A break above this level could propel SOL towards $300.
Binance Coin (BNB) – BNB bounced off the 50-day SMA, with $635 as a critical level to watch. A move above this could push BNB to $722.
Ripple (XRP) – XRP surged from $1.28, aiming for $1.97 if it breaks key resistance levels.
Dogecoin (DOGE) – DOGE found support at the 20-day EMA, eyeing $0.50 as the next target.
Cardano (ADA) – ADA is trapped in a range but could break out above $1.15 for a rally to $1.25.
Avalanche (AVAX) – AVAX struggles to breach $45 resistance, with $50 as the next target if buyers prevail.
Toncoin (TON) – TON bounced off the 20-day EMA, setting sights on $8.29 if it breaks $6.60.
Shiba Inu (SHIB) – SHIB remains range-bound but could see a breakout if it surpasses $0.000030 resistance.
With the cryptocurrency market poised for potential moves, staying informed and monitoring key levels is essential for traders and investors alike. Stay tuned for more updates and insights to navigate the exciting world of digital assets.
