Price analysis 11/27: BTC, ETH, SOL, BNB, XRP, DOGE, ADA, AVAX, TON, SHIB

Bitcoin (BTC) Price Analysis

Bitcoin's correction found support at $90,791 on November 26th, and the bullish trend pushed the price back above $96,000 on November 27th. According to Charlie Sherry, head of finance and crypto analyst at BTC Markets, the dip to $92,600 could be the "last flush" before Bitcoin finally exceeds $100K. Some analysts, however, are cautious about Bitcoin's ability to break above $100,000 rapidly. Ryan Lee, chief analyst at Bitget Research, suggests that Bitcoin could "correct as much as 30%" before reaching its cyclical high.

Technical Analysis:

• Bitcoin's price fell below the uptrend line on November 26th, but the bulls supported the 20-day exponential moving average ($89,857).
• A rally above the uptrend line on November 27th indicates solid buying at lower levels.
• Potential targets include $100,000, $113,331, and $125,000 if the uptrend line is sustained.
• A sharp decline below the 20-day EMA could invalidate the optimistic view and lead to a potential reversal.

Ether (ETH) Price Analysis

Ether's breakout above the downtrend line on November 26th suggests a potential trend change.

Technical Analysis:

• Sustaining above the downtrend line could lead to a surge towards $3,900 and $4,094.
• A failure to maintain above the downtrend line indicates bearish pressure, potentially dropping the price to the 20-day EMA ($3,191).

Solana (SOL) Price Analysis

Solana's bulls successfully defended the dip to the 20-day EMA on November 26th, indicating positive sentiment.

Technical Analysis:

• A rise above $240 could lead to an attempt towards the $264 resistance level.
• A decline below the 20-day EMA could signal a deeper correction, potentially falling to the breakout level of $210.

Binance Coin (BNB) Price Analysis

BNB pulled back to the 50-day SMA on November 26th, but the bulls held the level.

Technical Analysis:

• A close above $635 indicates continued bullish momentum.
• Potential targets include $667, $687, and $722.
• A break below the 50-day SMA could result in a decline towards the uptrend line.

XRP (XRP) Price Analysis

XRP's sharp turn up on November 26th indicates attempts by the bulls to form a higher low.

Technical Analysis:

• A push above $1.50 could challenge the resistance at $1.63.
• Success could lead to a surge towards $1.76 and $1.97.
• A break below $1.27 could trigger a decline to the 20-day EMA ($1.10).

Dogecoin (DOGE) Price Analysis

Dogecoin pulled back to the 20-day EMA on November 26th, indicating profit-booking by short-term traders.

Technical Analysis:

• A rebound from the 20-day EMA suggests positive sentiment.
• Potential targets include $0.44, $0.50, and $0.59.
• A break below the 20-day EMA could lead to a deeper correction, potentially falling to $0.33 and $0.30.

Cardano (ADA) Price Analysis

Cardano's pullback found support at the 61.8% Fibonacci retracement level of $0.86.

Technical Analysis:

• A rise above $1 indicates bullish momentum.
• Potential targets include $1.15, $1.25.
• A break below $0.86 could lead to a decline towards the breakout level of $0.80.

Avalanche (AVAX) Price Analysis

Avalanche bulls are struggling to push the price above $45.

Technical Analysis:

• A break above $45 could lead to a rally towards $50 and $60.
• A break below the 20-day EMA could indicate a rejection of the breakout and a potential decline towards the 50-day SMA ($30.38).

Toncoin (TON) Price Analysis

Toncoin's bounce off the 20-day EMA on November 26th suggests a change in sentiment.

Technical Analysis:

• A rise above $6.60 could lead to a rally towards $7 and $8.29.
• A move below the moving averages could result in a decline towards the support zone between $4.72 and $4.44.

Shiba Inu (SHIB) Price Analysis

Shiba Inu has been trading within a range between the 20-day EMA and the $0.000029 resistance.

Technical Analysis:

• A push above $0.000030 could complete an inverted head-and-shoulders pattern.
• Failure to sustain above the 20-day EMA could lead to a decline towards $0.000022 and $0.000020.

Note: This analysis does not provide investment advice or recommendations. Please conduct your own research before making any trading decisions.