Price analysis 11/11: SPX, DXY, BTC, ETH, SOL, BNB, DOGE, XRP, ADA, TON

1 week ago

Bitcoin (BTC) has been connected a rotation and shows nary signs of slowing down. The latest limb of the rally supra $84,500 pushed Bitcoin’s full marketplace capitalization supra $1.67 trillion for the archetypal time.

Analysts stay optimistic that Bitcoin volition widen its month-to-date gains of 17% arsenic November’s mean instrumentality is 44%, according to CoinGlass data. Veteran trader Peter Brandt said successful a station connected X that “when BTC runs - it runs.” He projects Bitcoin to scope $125,000 by the extremity of the year.

Dogecoin, Cryptocurrencies, Dollar, Bitcoin Price, XRP, Markets, Cryptocurrency Exchange, Market Capitalization, Cardano, TON, Price Analysis, Binance Coin, Market Analysis, Ether Price, Solana, S&P 500

Bitcoin’s crisp up determination has turned prime analysts bearish. CryptoQuant CEO Ki Young Ju said successful a station connected X that Bitcoin could springiness up a ample portion of its gains to close the twelvemonth astatine $58,974. In lawsuit Bitcoin sees a coagulated year-end rally, Ki expects a carnivore marketplace successful 2025.

What important absorption levels could pull nett booking successful Bitcoin and prime altcoins? Let’s analyse the charts to find out.

S&P 500 Index terms analysis

The S&P 500 Index (SPX) broke retired to a caller all-time precocious connected Nov. 6 and has continued its northward march since then.

The captious enactment to ticker retired for connected the downside is the breakout level of 5,879. If the terms stays supra this level, the likelihood of a rally to 6,221 increases. This level whitethorn again enactment arsenic a coagulated resistance, but if the bulls surpass it, the uptrend could widen to 6,500.

If bears privation to forestall the up move, they volition person to swiftly propulsion the terms beneath 5,879. If they bash that, the scale could descent to the adjacent important enactment astatine 5,670. Buyers are expected to vigorously support the 5,670 support.

US Dollar Index terms analysis

The US Dollar Index (DXY) made a beardown comeback connected Nov. 6 and skyrocketed supra the overhead absorption of 104.80.

Sellers tried to trap the bulls by pulling the terms beneath 104.80 connected Nov. 7, but the little levels attracted buyers. The bulls cleared the insignificant hurdle astatine 105.50 connected Nov. 11, clearing the way for a rally to 106 and past to 106.50.

The breakout level of 104.80 and the 20-day exponential moving mean (104.05) are apt to enactment arsenic coagulated enactment connected the mode down. A interruption and adjacent beneath the 20-day EMA volition tilt the vantage successful favour of the bears.

Bitcoin terms analysis

Bitcoin has not looked backmost since breaking retired of the overhead absorption astatine $73,777 connected Nov. 6.

The rally supra $84,000 has pushed the comparative spot scale (RSI) into the overbought territory, suggesting that the BTC/USDT brace whitethorn soon participate a insignificant correction oregon consolidation. The enactment connected the downside is astatine $80,000 and past astatine $77,000. A shallow pullback volition amended the prospects of a rally to the signifier people of $93,554.

The short-term vantage volition tilt successful favour of the bears if they descend and prolong the terms beneath the breakout level of $73,777.

Ether terms analysis

Ether (ETH) signaled a imaginable inclination alteration aft the terms roseate supra the $2,850 absorption connected Nov. 7.

The bears tried to stall the up determination astatine $3,250 connected Nov. 10, but the bulls did not cede crushed to the bears. If buyers propulsion and support the terms supra $3,250, the ETH/USDT brace could emergence to the downtrend line. Sellers are expected to equine a beardown defence astatine the downtrend line, but if the bulls person their way, the brace could surge to $4,094.

This affirmative presumption volition beryllium invalidated successful the adjacent word if the terms turns down and breaks beneath the 20-day EMA ($2,756).

Solana terms analysis

Solana (SOL) broke supra the $210 absorption connected Nov. 10, signaling the commencement of a caller up move.

If buyers support the terms supra $210, the SOL/USDT brace is apt to commencement its travel toward $260. The bears are apt to fiercely support the $260 level.

Contrarily, if the terms turns down from the existent level and breaks beneath $210, it volition suggest that the markets person rejected the breakout. The brace whitethorn driblet to $189 and thereafter to the 20-day EMA ($182). If the terms rebounds disconnected the 20-day EMA, the bulls volition again effort to propulsion the brace supra $210 and resume the uptrend.

BNB terms analysis

BNB (BNB) bulls tried to propulsion the terms supra the overhead absorption astatine $635, but the bears held their ground.

The terms whitethorn dip to the moving averages, which are the near-term enactment to ticker retired for. If the terms rebounds disconnected the moving averages with strength, it volition suggest that the sentiment remains positive, and traders are buying connected dips. The bulls volition past marque 1 much effort to wide the $635 hurdle. If they succeed, the BNB/USDT brace could surge toward $722.

Alternatively, if the terms breaks beneath the moving averages, the brace whitethorn driblet to the uptrend line. That volition bespeak the continuation of the range-bound enactment betwixt $635 and $460 for a fewer much days.

Dogecoin terms analysis

Dogecoin (DOGE) has been successful a beardown up determination for the past fewer days. The momentum picked up aft buyers surmounted the $0.23 absorption connected Nov. 10.

The agelong wick connected the Nov. 11 candlestick shows that the bears are trying to stall the up determination astatine $0.30. If buyers bash not cede overmuch crushed to the bears, the DOGE/USDT brace whitethorn proceed its uptrend toward $0.34.

A correction whitethorn acceptable successful if buyers neglect to thrust the brace supra $0.30. The brace could driblet to $0.26 and past to the breakout level of $0.23. Buyers volition person to support the $0.23 level to support the affirmative sentiment intact.

XRP terms analysis

XRP (XRP) attempted a rally to $0.64 connected Nov. 10, but the agelong wick connected the candlestick shows selling adjacent the resistance.

If the terms finds enactment astatine the 20-day EMA ($0.54), the bulls volition again effort to thrust the XRP/USDT brace to $0.64. The bears are expected to airs a beardown situation astatine $0.64, but if the bulls flooded it, the brace whitethorn rally to $0.74.

On the contrary, if the terms turns down and breaks beneath the 20-day EMA, it volition awesome that the bulls are losing their grip. The brace whitethorn past walk immoderate much clip wrong the $0.41 to $0.64 range.

Cardano terms analysis

Cardano (ADA) skyrocketed aft breaking retired of the $0.45 absorption connected Nov. 9, indicating the commencement of a caller up move.

The rally is facing selling astatine $0.66, arsenic seen from the agelong wick connected the Nov. 10 candlestick. The ADA/USDT brace has enactment astatine the 38.2% Fibonacci retracement level of $0.53 and past astatine the 50% retracement level of $0.49. A shallow pullback volition summation the anticipation of a rally to $0.78.

On the different hand, a driblet beneath $0.49 volition suggest that the short-term traders are rushing to the exit. The brace whitethorn past diminution to $0.45.

Toncoin terms analysis

Toncoin (TON) roseate supra the 20-day EMA ($5.03) connected Nov. 9 and followed it up with a determination supra the 50-day SMA ($5.21) connected Nov. 10.

If the terms maintains supra the 50-day SMA, the bulls volition effort to propulsion the TON/USDT brace to $6. The bears are expected to support the level with vigor due to the fact that a interruption and adjacent supra it volition unfastened the doors for a rally to $7.

Contrary to this assumption, if the terms turns down from $6 and breaks beneath the moving averages, it volition suggest that the brace whitethorn consolidate adjacent the bottommost of the range. Sellers volition person to descend the terms beneath the $4.72 to $4.44 enactment portion to summation the precocious hand.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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