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Price analysis 11/24: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAX

Price analysis 11/24: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAX


The sentiment for Bitcoin (BTC) is positive as it broke above the resistance of $38,000 on Nov. 24. According to Independent Reserve CEO Adrian Przelozny, the next two years are expected to be good for Bitcoin, with market activity likely to pick up in early 2024. The major catalysts for next year include the Bitcoin halving in April and applications for a spot Bitcoin exchange-traded fund. Analysts expect a retracement from $40,000 in the near term, and ARK Invest has been gradually selling shares of the Grayscale Bitcoin Trust (GBTC) over the past month.

Bitcoin price analysis
Bitcoin pierced the resistance of $37,980 but is struggling to sustain the breakout, suggesting that bears are guarding the level. The short-term trend will turn negative if the price falls below $34,800.

Ether price analysis
Ether (ETH) pushed above the resistance line but may face resistance at $2,200. The bullish view will be invalidated if the price drops below the support at $1,900.

BNB price analysis
BNB (BNB) jumped above $235 but met resistance at the 20-day EMA. If the price falls below the crucial support at $223, it could drop to $203.

XRP price analysis
XRP (XRP) may swing between $0.56 and $0.74 in the short term. A rally above the 20-day EMA could lead to a climb to $0.67 and $0.74, while a drop below $0.56 could result in a correction to $0.46.

Solana price analysis
Solana (SOL) has been attempting to break above the $59 resistance. The rising 20-day EMA and the RSI in positive territory indicate that bulls have the upper hand.

Cardano price analysis
Cardano (ADA) has been swinging above and below the $0.38 level, indicating uncertainty. A rise above $0.40 could signal a new uptrend, while a drop below $0.34 could result in a fall to $0.31.

Dogecoin price analysis
Dogecoin (DOGE) is maintaining above the 20-day EMA but lacks momentum. A surge above $0.08 could lead to a rally to $0.10, while a drop to $0.07 could signal bearish activity.

Toncoin price analysis
Toncoin (TON) is testing the overhead resistance of $2.59. If the price sustains above this level, it could start a new uptrend to $3.28 and $4.03.

Chainlink price analysis
Chainlink (LINK) is facing selling at the downtrend line. If the price surges above the downtrend line, it may climb to $16.60 and $18.30.

Avalanche price analysis
Avalanche (AVAX) has reached the overhead resistance at $22. If the bulls do not give up much ground from the current level, it may increase the likelihood of a break above $22.