Price: $0.39122 1.7991%
Market Cap: 57.43B 1.909%
Volume (24h): 21.61B 0.4%
Dominance: 1.909%
Price: $0.39122 1.7991%
Market Cap: 57.43B 1.909%
Volume (24h): 21.61B 0.4%
Dominance: 1.909% 1.909%
  • Price: $0.39122 1.7991%
  • Market Cap: 57.43B 1.909%
  • Volume (24h): 21.61B 0.4%
  • Dominance: 1.909% 1.909%
  • Price: $0.39122 1.7991%
Home > Information news > Price analysis 11/13: BTC, ETH, SOL, BNB, DOGE, XRP, ADA, SHIB, TON, AVAX

Price analysis 11/13: BTC, ETH, SOL, BNB, DOGE, XRP, ADA, SHIB, TON, AVAX

Release: 2024/11/14 02:40 Reading: 849

Original author:Cointelegraph

Original source:https://coinmarketcap.com/community/articles/6734e7e829b082598a59e523

Price analysis 11/13: BTC, ETH, SOL, BNB, DOGE, XRP, ADA, SHIB, TON, AVAX

Bitcoin Price Analysis

Bitcoin (BTC) surged past $93,000 on November 13th, indicating strong buying at higher levels. Significant inflows of $4.22 billion were observed in US-based spot Bitcoin exchange-traded funds between November 6th and 12th.

According to Fadi Aboualfa, head of research at Copper.co, Bitcoin could reach $100,000 by the presidential inauguration on January 20th.

However, some analysts urge caution, suggesting that Bitcoin may need to consolidate before continuing its upward trend.

Technical Analysis

Bitcoin's relative strength index (RSI) is overbought, indicating a potential minor correction or consolidation. Immediate support is at $85,000, with a potential pullback to the 20-day exponential moving average ($76,451) if the price falls below this level. Resistance is at $93,554, with possible targets at $100,000 and $113,331 if breached.

Ether Price Analysis

Ether (ETH) faced resistance at $3,443 on November 12th, indicating a downtrend. The price is finding support near $3,028, suggesting buying on dips. The downtrend line acts as a potential hurdle, with targets at $3,800 and $4,094 if the line is broken. A move below the 50% retracement level ($2,900) could signal a decline.

Solana Price Analysis

Solana (SOL) broke above $210 on November 11th, indicating bullishness. Buyers are attempting to turn this level into support, with targets at $225 and $260. A decline below the 20-day EMA ($188) could trigger liquidation and a drop to the 50-day SMA ($164).

BNB Price Analysis

BNB (BNB) broke above $635 on November 11th but failed to hold higher levels. The price rebounded off the 20-day EMA ($602) on November 13th, showing buying on dips. Buyers aim for a move above $667, with potential targets at $722. A break below the moving averages could result in a decline to the uptrend line.

Dogecoin Price Analysis

Dogecoin (DOGE) surged after breaking out of $0.23 on November 10th. Buyers are attempting to clear $0.44, with targets at $0.50 and $0.59 if successful. Support lies at $0.32 and $0.29.

XRP Price Analysis

XRP (XRP) reached $0.74 on November 12th but faced resistance. The price is consolidating between $0.64 and $0.74, with a potential breakout. The target for a breakout is $1.07. A drop below $0.64 would invalidate the bullish scenario.

Cardano Price Analysis

Cardano (ADA) failed to break $0.66 on November 12th. The price is finding support between $0.53 and $0.49. Buyers will aim for $0.77 if the resistance is cleared. A break below $0.49 could lead to a decline to the 20-day EMA ($0.44).

Shiba Inu Price Analysis

Shiba Inu (SHIB) stalled at $0.000030 on November 12th. The price fell below $0.000024 but found support. Buyers are attempting to drive the price above $0.000030, with targets at $0.000033 and $0.000039. A break below $0.000023 could lead to a swing between $0.000030 and $0.000013.

Toncoin Price Analysis

Toncoin (TON) broke above the 50-day SMA ($5.21) on November 10th but is struggling to hold higher levels. The price is facing resistance from the moving averages. A break below this zone could complete a bearish head-and-shoulders pattern, leading to a decline to $3.50. Buyers will have to push the price above $6 to invalidate this setup.

Avalanche Price Analysis

Avalanche (AVAX) reversed from the resistance line of its ascending channel on November 12th. The price is finding support at lower levels. Buyers will attempt to push the price above the resistance line, with targets at $41.80. A move below the 20-day EMA ($28.99) could keep the pair within the channel.

Disclaimer

This article provides information for educational purposes only and does not constitute investment advice or recommendations.

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