Your reliable guide in the crypto world, providing comprehensive news and analysis on all things related to cryptocurrency.


[bulleted list] – Bitcoin (BTC) surged above $35,000 on Nov. 2 but quickly fell back below, indicating a potential fake move.
– A mild correction during an uptrend is normal and can be seen as a buying opportunity.
– MicroStrategy founder Michael Saylor suggested that the current level of BTC is a good entry point.
– Bitcoin’s weakness has affected the altcoin market as well.
– Let’s analyze the top 10 cryptocurrencies to find potential support levels.
– Bitcoin’s price is currently struggling to sustain above $35,000 and may fall to $33,390 or even $31,000.
– Ether’s price faced strong selling at higher levels but may rally towards $2,000 if it overcomes the obstacle at $1,865.
– Binance Coin (BNB) is stuck between $223 and $235, but the path of least resistance seems to be upside.
– XRP is facing resistance near $0.61, but if bulls break through, the rally could extend to $0.75 and $0.85.
– Solana (SOL) had a sharp pullback from its target objective at $48 and may enter a consolidation phase if it falls below $38.79.
– Cardano (ADA) shows strength as bulls continue to view dips as buying opportunities.
– Dogecoin (DOGE) rebounded off the 20-day EMA but is facing strong resistance at $0.07.
– TON is facing strong resistance at $2.31, but a strong rebound may push the price towards $2.59.
– Chainlink (LINK) is struggling to sustain above $11.50, and a slide below the 20-day EMA could result in a retest of $9.50.
– Polygon (MATIC) has been moving up gradually but lacks momentum, and the bears may challenge the resistance at $0.70.

[/bulleted list] Bitcoin’s strength has a direct impact on the altcoin market. Let’s analyze the charts of some of the top altcoins to find important support levels.
[h2]Bitcoin price analysis[/h2] Bitcoin surged above $35,280 on Nov. 1 but faced resistance at $35,985. If the price falls below $35,000, it may drop to $33,390 or even $31,000. However, if the 20-day EMA holds, the bulls may attempt to push the price to $40,000.

[h2]Ether price analysis[/h2] Ether briefly moved above $1,865 but faced strong selling pressure. The bulls need to defend the support level at $1,746 to maintain the positive trend. If they succeed, a rally towards $2,000 is possible.

[h2]BNB price analysis[/h2] BNB is currently stuck between $223 and $235. The rising 20-day EMA and positive RSI suggest that the path of least resistance is to the upside. A break above $235 could push the price towards $250 and $265.

[h2]XRP price analysis[/h2] XRP is facing resistance near $0.61, but the bulls have not given up. A breakthrough could lead to a rally towards $0.75 and $0.85. However, a drop below $0.56 may result in a decline towards the 50-day SMA.

[h2]Solana price analysis[/h2] Solana saw a pullback from the target objective at $48. If the bears succeed in pushing the price below $38.79, it could start a downward move towards the 20-day EMA. Upside continuation is possible if the support at $38.79 holds.

[h2]Cardano price analysis[/h2] Cardano rebounded from the 20-day EMA and is showing strength. If the price breaks above $0.33, it may rally towards $0.38. A drop below $0.30, however, could indicate a rejection of higher levels.

[h2]Dogecoin price analysis[/h2] Dogecoin rebounded from the 20-day EMA but is facing resistance at $0.07. A breakout may lead to a rally towards $0.08, while a drop below the 20-day EMA may result in a decline to $0.06.

[h2]TONcoin price analysis[/h2] TON faced resistance at $2.31 and may swing between $1.89 and $2.31. A strong rebound could lead to a rally above $2.31, while a break below the moving averages may result in consolidation.

[h2]Chainlink price analysis[/h2] Chainlink is facing resistance near $11.50, but bulls are defending the 20-day EMA. A strong rebound from this level may indicate strong demand, while a slide below the 20-day EMA could lead to a retest of $9.50.

[h2]Polygon price analysis[/h2] Polygon’s rally lacks momentum, indicating hesitation among bulls. If the price clears the hurdle at $0.70, a rally towards $0.74 and $0.80 is possible. The bears are currently challenging the resistance at $0.70.

This article does not contain investment advice, and readers should conduct their own research before making financial decisions.

Share this article
Shareable URL
Prev Post

Bitcoin disappoints while Markets Pro delivers 88% gains in 29 hours

Next Post

Bitcoin Magazine claims Fed accused it of trademark violation for T-shirts

Leave a Reply

Your email address will not be published. Required fields are marked *

Read next