Bitcoin (BTC) is trying to sustain above the overhead resistance of $38,000 for the second consecutive day and start the next leg of the uptrend. The excitement among market observers may have increased after the United States Securities and Exchange Commission (SEC) delayed its decision on the applications of Franklin Templeton and Hashdex exchange-traded funds. Bloomberg ETF analyst James Seyffart speculated in a X (formerly Twitter) post that the SEC may have taken this step “to line every applicant up for potential approval by the Jan. 10, 2024 deadline.” While many analysts believe that the ETF listing will be a watershed moment for Bitcoin, Genesis Trading head of derivatives Joshua Lim cautioned in a X post that traditional finance investors have already bought the rumor and may exit the trade close to the ETF announcement when retail tries to get in. Daily cryptocurrency market performance. Source: Coin360 However, the macroeconomic conditions in early 2024 may limit the downside. Pershing Square Capital Management CEO and founder Bill Ackman said in an interview with Bloomberg that the U.S. Federal Reserve will cut rates sooner than people expect. He anticipates rate cuts to start in Q1 instead of the market expectations of the middle of the year. Could Bitcoin and altcoins witness a shallow correction before resuming their uptrend? Let’s analyze the charts of the top 10 cryptocurrencies to find out. Bitcoin price analysis Bitcoin again rose above the $37,980 resistance on Nov. 28, but the bulls could not achieve a close above it. This shows that the bears are fiercely defending the level. BTC/USDT daily chart. Source: TradingView The repeated retest of a resistance level tends to weaken it. If bulls sustain the price above the 20-day exponential moving average ($36,820), the possibility of a rally to $40,000 improves. This level may act as a significant hurdle. If bears want to prevent the up-move, they will have to quickly pull the price below the 20-day EMA and the uptrend line. That could start a decline to the solid support at 34,800. A strong bounce off this level may keep the BTC/USDT pair inside the large range between $34,800 and $38,000 for a while longer. Ether price analysis Ether (ETH) again found support at the 20-day EMA ($2,006) on Nov. 27 and 28, indicating that the bulls view the dips as a buying opportunity. ETH/USDT daily chart. Source: TradingView The bulls are expected to face stiff resistance in the zone between $2,137 and $2,200, but if buyers do not give up much ground, it will increase the possibility of a rally above $2,200. If that happens, the ETH/USDT pair will complete a large ascending triangle pattern. That could start a new uptrend, with a pattern target of $3,400. Instead, if the price turns down and breaks below the 20-day EMA, it will signal that the bears are trying to get back in the game. The pair may then slump to the 50-day SMA ($1,853). BNB price analysis The bears tried to yank BNB (BNB) below the $223 support on Nov. 27, but the bulls did not relent. This suggests demand at lower levels. BNB/USDT daily chart. Source: TradingView The bulls will have to force the price above the 20-day EMA ($235) to start a meaningful recovery. The BNB/USDT pair could then attempt a rally to $265, where the bears may again offer a stiff resistance. If the price again turns down from the 20-day EMA, it will suggest that the bears are trying to flip the level into resistance. That will enhance the prospects of a fall below $223. If this level gives way, the pair may collapse to $203. XRP price analysis XRP (XRP) has been stuck between the moving averages for the past few days, indicating indecision among the bulls and the bears. XRP/USDT daily chart. Source: TradingView The slightly downsloping 20-day EMA ($0.61) and the RSI near the midpoint do not indicate an advantage either to the bulls or the bears. If buyers kick the price above the 20-day EMA, the XRP/USDT pair may rise to $0.67. Instead, if the price turns down sharply from the 20-day EMA and skids below the 50-day SMA ($0.58), it will signal that bears are trying to seize control. The selling could accelerate further if the pair plunges below $0.56. Solana price analysis Solana (SOL) snapped back from the 20-day EMA ($54.71) on Nov. 28, indicating that the sentiment remains positive. SOL/USDT daily chart. Source: TradingView The bulls will try to push the price above the immediate resistance at $62.10. If they succeed, the SOL/USDT pair could climb to the local high at $68. The bulls will have to overcome this obstacle to invalidate the head-and-shoulders pattern. The failure of a bearish pattern is a bullish sign. That may start a sharp rally in the pair to $85. The $51 level remains the key support on the downside. A break and close below this level could start a deeper correction toward the 50-day SMA ($42.25). Cardano price analysis Cardano (ADA) slid to the 20-day EMA ($0.38) on Nov. 27, but the bulls held their ground. This suggests that lower levels are being aggressively bought. ADA/USDT daily chart. Source: TradingView The higher lows of the past few days improves the prospects of an upside breakout. If the bulls shove the price above $0.40, the ADA/USDT pair could pick up momentum and climb to $0.42 and later to $0.46. Time is running out for the bears. If they want to make a comeback, they will have to tug the price below the 20-day EMA. That may hit stops of short-term traders and the pair may fall to the solid support at $0.34. Dogecoin price analysis Dogecoin (DOGE) has been repeatedly taking support at the 20-day EMA ($0.08), indicating that lower levels are being purchased. DOGE/USDT daily chart. Source: TradingView The upsloping moving averages and the RSI in the positive territory indicate that the path of least resistance is to the upside. Buyers will try to propel the price to $0.09 and next to $0.10, where they are likely to encounter selling by the bears. On the downside, the 20-day EMA remains the key level to watch out for. If this level crumbles, the DOGE/USDT pair may drop to the 50-day SMA ($0.07) and subsequently to the crucial support at $0.06. Toncoin price analysis Toncoin (TON) has been trading above the 20-day EMA ($2.37) for the past few days, but the bulls are struggling to push the price to $2.59. This suggests that demand dries up at higher levels. TON/USDT daily chart. Source: TradingView The bears will try to gain the upper hand by yanking the price below the moving averages. If they manage to do that, the TON/USDT pair could decline to the psychological level of $2 and then to $1.89. On the upside, the first hurdle is at $2.59. If buyers surmount this resistance, the pair could rally to $2.77. Sellers may offer stiff opposition in the zone between $2.77 and $2.90, but if bulls do not allow the price to dip below $2.59, a new uptrend to $4.03 could begin. Chainlink price analysis Chainlink (LINK) again found support at the 20-day EMA ($14.07) on Nov. 28, indicating that the bulls are vigorously guarding this level. LINK/USDT daily chart. Source: TradingView The LINK/USDT pair is likely to face selling at the $15.40 mark as the bears have successfully held this resistance during three previous attempts. If the price turns down from $15.40, it will increase the likelihood of a drop to $12.83. On the contrary, if bulls drive the price above $15.40, the pair may challenge the local high at $16.60. The up-move could resume, and the pair may reach $18.30 if this level is surpassed. Avalanche price analysis Avalanche (AVAX) rebounded off the 20-day EMA ($19.35) on Nov. 28, indicating that the sentiment remains positive and traders are buying on dips. AVAX/USDT daily chart. Source: TradingView The bulls will have to overcome the resistance at $22 to strengthen their position. The AVAX/USDT pair may then rise to $24.69. Sellers are likely to mount a strong defense at this level because if this resistance is taken out, the pair could travel to $28.50 as there is no major resistance in between. Contrary to this assumption, if the price turns down from $22, it will suggest that bears remain active at higher levels. The advantage will tilt in favor of the bears if they sink the pair below $18.90. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Bitcoin continues to be uncertain at the $38,000 level and has slipped below it in the past few hours. Most altcoins are also slightly in the red today, with ETH close to breaking below $2,000 and SOL dipping beneath $60. BTC Under $38K Last Friday saw bitcoin’s surge that drove the asset to an 18-month peak at $38,500. However, the cryptocurrency failed to maintain its momentum and dropped to under $38,000 almost immediately. The weekend saw very few noteworthy movements, with BTC standing in a range between $37,000 and $37,500. Monday and Tuesday, though, brought more pain for the bulls as the asset fell to a multi-day low of $36,700. Nevertheless, they managed to regain control over the market and pushed BTC north on Wednesday. This culminated in a price surge to $38,400, but bitcoin couldn’t keep heading north and chart a new year and a half peak. Just the opposite, the asset has lost some traction since then and now trades under $38,000. Its market capitalization has retraced to under $740 billion, while its dominance over the altcoins remains strong at 52%. BTCUSD. Source: TradingView IOTA Defies Market Sentiment Most larger-cap alts registered impressive price gains yesterday, but the landscape today has changed. Ethereum is down by 2% and is close to breaking below $2,000 after nearing $2,100 yesterday. Binance Coin, Ripple, Tron, Toncoin, Avalanche, and MATIC have declined by similar percentages. Solana, Cardano, and Polkadot are down by more than 3%. This means that SOL is currently under $60, ADA is way below $0.4, and DOT is just inches above $5. Dogecoin is the only top 10 alt in the green. LEO, RUNE, UNJ, and MNT are with gains from the mid-cap alts. IOTA, though, has emerged as the top performer from the top 100 digital assets, having soared by over 30% in a day. The total crypto market cap has lost some steam and sits at $1.420 trillion on CMC. Cryptocurrency Market Overview. Source: Quantify Crypto The post Bitcoin Dips Below $38K, IOTA Explodes 33% Daily (Market Watch) appeared first on CryptoPotato.

Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to climb above the $38,000 mark early Thursday. Popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), Litecoin (LTC), and Dogecoin (DOGE) — landed in the greens across the board. The SEI token, which was the biggest gainer on Wednesday, turned out to be the biggest loser today morning, with a 24-hour dip of over 12 percent. IOTA, on the other hand, became the biggest gainer, with a 24-hour jump of nearly 43 percent. The global crypto market cap stood at $1.43 trillion at the time of writing, registering a 24-hour jump of 0.08 percent.Bitcoin (BTC) Price TodayBitcoin price stood at $38,061.35, registering a 24-hour gain of 0.41 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 33.30 lakh.Home Business Cryptocurrency Cryptocurrency Price Today: Bitcoin Rises Above $38,000, IOTA Gains Nearly 43%Cryptocurrency Price Today: Bitcoin Rises Above $38,000, IOTA Gains Nearly 43%Cryptocurrency price on November 30 quick take: The global market cap stood at $1.43 trillion.Cryptocurrency Price Today: Bitcoin Rises Above $38,000, IOTA Gains Nearly 43%Bitcoin price stood at $38,061.35 on Thursday. ( Image Source : fabrikasimf/Freepik )NEXTPREVBitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to climb above the $38,000 mark early Thursday. Popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), Litecoin (LTC), and Dogecoin (DOGE) — landed in the greens across the board. The SEI token, which was the biggest gainer on Wednesday, turned out to be the biggest loser today morning, with a 24-hour dip of over 12 percent. IOTA, on the other hand, became the biggest gainer, with a 24-hour jump of nearly 43 percent. The global crypto market cap stood at $1.43 trillion at the time of writing, registering a 24-hour jump of 0.08 percent.Bitcoin (BTC) Price TodayBitcoin price stood at $38,061.35, registering a 24-hour gain of 0.41 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 33.30 lakh.Ethereum (ETH) Price TodayETH price stood at $2,041.37, marking a 24-hour dip of 0.49 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.78 lakh.Dogecoin (DOGE) Price TodayDOGE registered a 24-hour gain of 1.39 percent, as per CoinMarketCap data, currently priced at $0.08177. As per WazirX, Dogecoin price in India stood at Rs 7.10.Litecoin (LTC) Price TodayLitecoin saw a 24-hour jump of 0.38 percent. At the time of writing, it was trading at $70. LTC price in India stood at Rs 6,125.20.Ripple (XRP) Price TodayXRP price stood at $0.6091, seeing a 24-hour dip of 0.52 percent. As per WazirX, Ripple price stood at Rs 52.80.Solana (SOL) Price TodaySolana price stood at $60.67, marking a 24-hour jump of 3.41 percent. As per WazirX, SOL price in India stood at Rs 5,249. Top Crypto Gainers Today (November 30)As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:IOTA (IOTA)Price: $0.248624-hour gain: 42.94 percentInjective (INJ)Price: $17.7924-hour gain: 7.58 percentTHORChain (RUNE)Price: $6.4524-hour gain: 6.03 percentKuCoin Token (KCS) Price: $8.2224-hour gain: 4.27 percentTerra Classic (LUNC)Price: $0.000122824-hour gain: 4.19 percentTop Crypto Losers Today (November 30)As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:Sei (SEI) Price: $0.24624-hour loss: 12.79 percentUniswap (UNI)Price: $5.9924-hour loss: 5.45 percentKlaytn (KLAY)Price: $0.190624-hour loss: 5.12 percentBlur (BLUR)Price: $0.509924-hour loss: 4.80 percentAxie Infinity (AXS)Price: $6.4224-hour loss: 3.96 percentWhat Crypto Exchanges Are Saying About Current Market ScenarioMudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin's trading activity has centred around the $37,800 level in the last 24 hours, aligning with Swiss asset manager Pando Asset's application to enter the Bitcoin Spot ETF competition in the US as the 13th participant. The addition of another established global player enhances the prospects of a favourable decision on the spot ETF. To maintain its positive momentum, Bitcoin will need to breach the resistance at the $38,100 level or risk finding support around the $37,700 level. Meanwhile, Ethereum remains above the $2,000 level.”Rajagopal Menon, Vice President, WazirX, said, “Bitcoin stands resilient amidst market fluctuations and currently holds a market cap of $740.47 billion, with a dominance of 49.7 percent. Notably, Bitcoin's current price is approximately $37,800, showcasing its sustained strength and growing adoption as a reliable store of value. Altcoins demonstrate diverse movements, underscoring the need for vigilance in this dynamic crypto landscape."Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “The current Bitcoin (BTC/USD) technical outlook on a 4-hour chart indicates key levels to monitor. The pivot point at $37,161 establishes a baseline, while immediate resistance is observed at $38,684. Further resistance lies at $39,933 and $41,395, serving as potential targets for bullish momentum. Solid support is evident at $35,912, with additional cushions at $34,419 and $33,140. The Relative Strength Index (RSI) at 60 suggests a tempered bullish sentiment, and the Moving Average Convergence Divergence (MACD) at 93.89 hints at a cooling bullish trend. Bitcoin's price above the 50-Day Exponential Moving Average (EMA) of $37,333 supports a short-term bullish narrative, with an ascending triangle pattern suggesting potential upward movement upon breaching the $38,000 resistance. In summary, the trend remains bullish above $37,333, with the short-term forecast eyeing a test of $38,684 resistance. Market dynamics and sentiment will likely influence the narrative in the coming days.”Shivam Thakral, CEO of BuyUcoin, said, “The crypto market remained flat over the past 24 hours with BTC and ETH trading at $37,889.93 and $2,036.21 respectively. The possibility of a rate cut by the Fed will keep the market sentiment positive as any rate cut may spark economic activity and cheer the global financial markets in the long term. As we approach the end of this year, 2024 looks promising with sustained growth for the digital asset market.” CoinDCX Research Team noted, "BTC retraced from the $38,000 resistance level following the Wall Street open on November 29, influenced by better-than-expected U.S. gross domestic product (GDP) figures. Despite the prior push above $38,000, BTC fluctuated around that level and eventually dropped after the release of U.S. macro data. Currently, BTC is hovering near that resistance level."

SOL ran past the resistance around $56, with the RSI indicating more upside for the token. If Solana continues to attract institutional capital, SOL may hit a new yearly high.  If profit-taking begins before $60, the $53.93 support may prevent SOL from a nosedive. Solana (SOL) tapped $58.47 again after the altcoin followed the upward direction of the broader market on November 28. This increase could be attributed to Bitcoin’s (BTC) initial jump above $38,000 on the same day. While Bitcoin has retraced from the said value, SOL was once again the top gainer out of all the top 10 cryptocurrencies as per market value. According to the SOL/USD 4-hour chart, the cryptocurrency was able to flip the $53.93 support. However, during its upward run, SOL faced a barrier at $56.31. But with bulls in control of the market, SOL was able to beat the resistance while eyeing a fresh weekly high. Indicators like the Relative Strength Index (RSI) signal a potential for more upside. Bulls Send Bears Into Extinction At press time, the RSI was 60.22. This reading was largely above the neutral 50.00 point, indicating a clear bullish momentum for SOL. Should this buying momentum continue and the bearish presence continue to exit the market, then SOL may retest $60. The Moving Average Convergence Divergence (MACD) also showed that the token’s upside potential was greater than the possibility of a slide. This was because the MACD had crossed into positive territory.  But for SOL to hit $60 or more, the 12-day EMA (blue) needs to move higher than the 0.14 reading. At the same time, the 26-day EMA (orange) needs to continue languishing in the red area to confirm the uptrend. SOL/USD 4-Hour Chart (Source: TradingView) Institutions Have Eyes on SOL Besides the technical aspect, the macroeconomic view revealed that there is a lot of institutional interest in Solana and products linked to the project. At one point, CoinShares, the digital asset investment group, reported that the capital inflow into Solana investment products almost exceeded that of Bitcoin. In its recent Digital Asset Fund Flow report released on November 28, CoinShares noted that SOL was the altcoin, apart from Ethereum (ETH), with the highest share of inflows. The report noted that the weekly inflow allocated to Solana investment products was worth $3.5 million. Digital Asset Fund Flow (Source: CoinShares) The rise in inflows is proof that retail players were not the only participants watching SOL’s movement closely. If institutional capital continues to flow into Solana, then there is a chance that the cryptocurrency may hit a new Year-To-Date (YTD) high. However, bulls need to watch out for profit-taking which could be the play of some short-term traders. Should some selling pressure appear, SOL’s price may drop. But if the $53.93 support retains its place, the cryptocurrency’s next leg up could surge past $65. The post Solana (SOL) Eyes a $60 Retest But Here’s What It Requires appeared first on Coin Edition.

🚀SOL Price Outlook: Trend Analysis to 2023, 2025, 2030 and 2040 Future price predictions for Solana in 2023, 2025, 2030 and 2040 have been made in an attempt to chart its potential trajectory. Let’s see how experts assess Solana’s future value! As of today, the price of Solana (SOL) is $56.07 with a 24-hour trading volume of $1.056 billion, down -3.73% in the past 24 hours and -5.94% in the past 7 days. Solana has a circulating supply of 420 million SOL and a market capitalization of US$23.743 billion. Key figures for Solana (SOL): Trading volume in the past 24 hours was $1.048 billion, an increase of 32.10%, indicating increased market activity. The all-time high price is $259.96, recorded on November 6, 2021. The current price has dropped -78.42% from the all-time high. The all-time low price is $0.500801, recorded on May 11, 2020, an increase of 11,101.43% from the all-time low price. The market value is US$23.753 billion, ranking seventh. Solana (SOL) fully diluted valuation: The fully diluted valuation (FDV) is $31.611 billion, assuming the total number of SOL tokens in circulation today is 560 million. Price prediction: 2023: Solana is rebounding from a prolonged period of low prices. Forecasts show that Solana’s peak price may reach $85.14, and the average price throughout the year may be around $76.11. If the market maintains its positive trend, prices are expected to exceed expectations. 2024: In a bullish market scenario, Solana’s value could rise, with a potential maximum price of around $89.16 and an expected average price of $81.98 by the end of the year. Widespread adoption of the Solana smart contract system is likely to drive its value growth. 2025: Solana's performance is expected to improve, with an average price of around $109.67. In a bullish market scenario, the highest price may climb to $114.68 and the lowest price is around $92.51. 2030: The crypto market is expected to undergo major changes in favor of cryptocurrencies with practical applications. Forecasts show that Solana may reach a maximum level of $304.18, with an average price of approximately $275.32 in 2030 and a minimum price of $249.13. 2040: Long-term forecasts are challenging, but based on current market performance, Solana prices could hit all-time highs. Forecasts show that by 2040, the average price will be 595.36 US dollars, and the highest price prediction is 637.89 US dollars. On a positive market trend, Solana could beat forecasts and the lowest price could be around $563.19. #sol

🚀 Solana (SOL) Emerges as a 2023 Star: A Price Analysis Impressive Performance: - Solana (SOL) stands out as a leading performer in 2023, surpassing Bitcoin and Ethereum with a remarkable rally from $8 to a staggering high of $62. - The unexpected surge has captured the attention of traders and investors, positioning SOL as a standout asset for the anticipated bull market. Key Price Movements: - SOL/USDT witnessed a surge from its yearly low to $62, a price level that surprised many in the market. - Breaking the critical resistance at $32 acted as a catalyst for bullish momentum, signaling SOL's strength and potential for accumulation. Current Price Dynamics: - SOL/USDT faces resistance around $62, prompting a potential pullback to $45. - The $45 region aligns with the 50% Fibonacci Retracement value and sits just above the 50-day EMA, presenting an attractive retracement opportunity for traders and investors. Technical Indicators on the Daily Chart: - MACD and RSI indicators remain bullish, indicating favorable conditions for SOL’s price movements. Key Price Zones: - Support Zone: $45 - Resistance Zone: $62 📈 Bullish Outlook: - SOL showcases resilience and strong bullish signals, attracting attention for potential accumulation. - The $45 support zone provides an enticing entry point for those seeking to build SOL positions. 🚨 Disclaimer: This analysis is informative and not financial advice. Cryptocurrency markets are dynamic and carry risks. Thorough research is recommended, and decisions should align with individual risk tolerance. Stay informed and trade responsibly. #JojoDaily #Solana #SOL #cryptoanalysis 🚀📈 $SOL

Solana monthly volume exceeds $6 billion, supporting ongoing SOL price rally.Crypto analyst Altcoin Sherpa predicted a massive surge in SOL price in 2024.SOL price could retrace to sub-$50 level, before another leg up.Solana, one of the largest competitors of Ethereum, is currently experiencing a surge in its price. SOL rallied to $68.21, its highest level in 2023 and the altcoin is primed for further gains, according to a pseudonymous crypto analyst.Solana price hits 2023 peak in NovemberSolana price is in an uptrend that started in mid-October 2023. The altcoin's price climbed steadily in the past month, hitting its 2023 peak of $68.21 on November 16, before commencing a correction.At the time of writing, SOL price is $58.07, the altcoin is trending sideways close to the $60 psychological level. The breakthrough past $60 was key to SOL price rallying to a yearly high. SOL price is above its three long-term Exponential Moving Averages (EMAs), 10, 50 and 200-day at $56.53, $43.25 and $29.51.If SOL price sustains above the 10-day EMA, the altcoin is likely to continue its climb. A decline below the 10-day EMA could invalidate the bullish thesis for Solana.If SOL price sustains above the 10-day EMA, the altcoin is likely to continue its climb. A decline below the 10-day EMA could invalidate the bullish thesis for Solana.SOL/USDT 1-day chartAnalyst predicts SOL price rally to three digits in 2024Crypto analyst behind the X handle @AltcoinSherpa is bullish on SOL. The analyst evaluated the SOL price trend and commented that they expect the SOL price to correct and a sub-$50 entry would be ideal.According to @AltcoinSherpa, SOL price is likely to hit three digits in 2024, a massive surge in the Ethereum-alternative token.SOL/USDT 4-hour chart

The Solana cryptocurrency had a significant surge, surpassing the resistance level of $65 in relation to the United States Dollar. The price of SOL is now undergoing a corrective phase, perhaps leading to a decline below the support level of $50. The price of SOL started a significant upward movement surpassing the barrier level of $60, then encountering opposition from bearish market participants vis-à-vis the US Dollar. Currently, the price is exhibiting a trading pattern below the threshold of $60, as well as below the 100 simple moving average over a 4-hour time frame. The 4-hour chart of the SOL/USD pair showed a break below a short-term ascending channel, whereby support was seen in the vicinity of $58.00. There is a possibility that the pair may see a decline below the support zone of $55.00 in the next sessions. The Solana price has started a corrective movement towards the downside. Over the course of recent days, Solana had a significant surge, surpassing the threshold of $60. SOL had a positive trend subsequent to its attainment of a price level beyond $60, hence demonstrating superior performance in comparison to Bitcoin and Ethereum. The price was elevated over the $65 mark by the bulls. A peak was established in the vicinity of $68.16, subsequent to which the price saw a recent decline. The price of the asset fell below the $60 mark and then had a test at the $52 level. A trough was established in the vicinity of $51.23, and the current price is undergoing a period of consolidation within a certain range. The 4-hour chart of the SOL/USD pair showed a break below a short-term ascending channel, which had a support level at $58.00. The stock of SOL is now being traded at a value lower than $60 and is also below its 100-day simple moving average. One positive aspect is that there is a nearby resistance level at about $59.50. The current price is in proximity to the 50% Fibonacci retracement level, which corresponds to the negative movement seen between the swing high of $68.16 and the low of $51.23. The first significant degree of resistance is seen in the vicinity of the $60.00 mark. The primary level of resistance is now situated around $62, which corresponds to the 61.8% Fibonacci retracement level derived from the downward trajectory spanning from the swing high of $68.16 to the low of $51.23. The possibility of a substantial gain may be influenced by a successful breach of the resistance level at $62.00. The following significant level of resistance is about $68.50. Further increases in value might potentially drive the price towards the threshold of $72.00. Are are further losses seen in SOL? If the SOL cryptocurrency fails to surpass the resistance level of $60.00, there is a possibility that it may see a downward movement. The $55.00 level is expected to provide first support on the downside. The first significant level of support can be seen in the vicinity of $51.20, and a breach of this threshold may prompt a potential examination of the $50 mark. In the event of a breach below the support level of $50, it is plausible that the price may experience a decrease towards the support level of $45 in the immediate future. #Solana📈🚀🌐 #SOLPriceAnalysis #crypto2023 Technical indicators are tools used in financial analysis to assist in making investment decisions. These indicators are mathematical calculations based on historical price and volume The 4-hour Moving Average Convergence Divergence (MACD) indicator indicates a decrease in momentum inside the positive region for the SOL/USD trading pair. The Relative Strength Index (RSI) for the SOL/USD pair is now below the 50 mark, indicating a negative trend. The primary levels of support are seen at $55.00 and $51.20. The major resistance levels for the given asset are identified as $60.00, $62.00, and $68.50.

Markets are on bear activity today, with the global market cap sitting 0.21% below its previous 24-hour mark, as the total cap stands at $1.43T as of press time. The fear and greed index is at 73, showing greed sentiment among investors. The global trading volume is 30% down in 24 hours, at $31.12B as of press time.      Bitcoin price analysis Bitcoin (BTC) has started on bear activity, as the Bitcoin price stood at $37.2K as of press time after recording a daily decrease of 1.4% and a weekly rise of 0.13%. As a result of the Bitcoin price, the token’s trade volume dropped by 83% during the same period and is presently at $15.76B. The Bollinger bands are close, showing low volatility levels on the Bitcoin Price. The Relative Strength Index (RSI) is below the average line, showing bear activity on the Bitcoin price. BTC 1-day chart | Source: TradingView Ethereum price analysis Ethereum (ETH) has also started on slight bull activity, as the Ethereum price stood at $2042 after recording a daily increase of 2.2%, and the weekly rise now stands at 1.54%. ETH’s trade volume dropped by 26% during the same period, presently at $9.2B. The Bollinger bands are far apart, showing high volatility levels on the Ethereum Price as the Relative Strength Index (RSI) is below the average line, showing bear activity on the Ethereum price despite today’s rise. ETH 1-day chart | Source: TradingView BNB price analysis BNB (BNB) has started on bear activity, as the BNB price stood at $228.6 after recording a daily decrease of 2.3%, and the weekly drop now stands at 7.4% ahead of CZ’s resignation, news that saw BNB lose lots of value amid liquidation. BNB’s trade volume jumped by 23% during the same period, presently at $668M. The Bollinger bands are far apart, showing high volatility levels on the BNB Price as the Relative Strength Index (RSI) is below the average line, showing bear dominance on the BNB price. BNB 1-day chart | Source: TradingView Ripple price analysis Ripple (XRP) has also started on bear activity, as the Ripple price stood at $0.606 after recording a daily decrease of 2.4%, and the weekly drop now stands at 2.2%. XRP’s trade volume jumped by 146% during the same period, presently at $1.4B. The Bollinger bands are far apart, showing high volatility levels on the Ethereum Price as the Relative Strength Index (RSI) is below the average line, showing bear activity on the Ripple price. XRP 1-day chart | Source: TradingView Solana price analysis Solana (SOL) has also started on bear activity, as the Solana price stood at $55.8 after recording a daily decrease of 4.4%, and the weekly rise now stands at 6.4%. SOL’s trade volume jumped by 28% during the same period, presently at $1B. The Bollinger bands are far apart, showing high volatility levels on the Solana Price as the Relative Strength Index (RSI) is below the average line, showing bear dominance on the Solana price. SOL 1-day chart | Source: TradingView

Experienced crypto analyst Bluntz, closely followed, stated that the correction in Solana (SOL) has come to an end and that a strong rally in the altcoin, which is considered as the strongest competitor to Ethereum (ETH), will continue. Here is the analyst’s comment on SOL and the target level he expects to reach. Correction in SOL Ends According to Analyst Anonymous crypto analyst Bluntz said in his latest strategy session to his YouTube subscribers that SOL has completed its ABC correction and is preparing for a new upward movement. The analyst’s prediction is based on the Elliott Wave Theory, which attempts to predict price movements based on crowd psychology, which tends to manifest in waves. Traditionally, the Elliott Wave theory assumes that price movements occur in five waves after three-wave “ABC” corrections. According to Bluntz, the current correction in SOL has ended and a new upward move will follow: SOL looks definitely impulsive on lower timeframes. We had a five-wave uptrend and a very small ABC pullback. Now we’re going again, so I think the decline in SOL is over. The analyst also added that Solana will likely be the “fastest horse” entering the next cryptocurrency market cycle and expects it to show more strength against Bitcoin (SOL/BTC trading pair) in the short term. Expects Solana to Rise Above $80 Bluntz emphasized that Solana is currently targeting above $80 until it is seen that the five-wave upward movement is completely completed. Looking at the price chart shared by the analyst, it can be seen that SOL actually expects to go much higher than $80: I think we will continue to create new highs, make three-wave pullbacks, and the uptrend will continue. Then, when this structure is completed and the fifth of the five waves is seen, that’s when I might start to worry, but there is no reason to worry until then.At least for now, when I look at it daily, I still see plenty of fuel left in the tank, and we will probably go above $80 in the next wave. When we reach there, I will reassess. $SOL #SOLPriceAnalysis #sol

Altcoin market reels as bears resurface amid declining November profits. Token unlocks amplify concerns over altcoin oversupply and market dynamics. The altcoin market, which experienced a promising uptrend in the last quarter of 2023, is now grappling with a resurgence of bearish sentiments. Despite hitting impressive highs earlier in November, several top altcoins are now facing significant retracements, sparking fears among investors and traders. Ethereum, the leading altcoin, soared to a seven-month high of $2130 on November 10. However, it has struggled to break the resistance, fluctuating between the range of $1999 and $2099 in recent days, hinting at a slowdown in its bullish momentum. However, this downturn in sentiment is not exclusive to Ethereum; it has rippled across the altcoin landscape.  Avalanche (AVAX) Avalanche, ranking 13th in market capitalization, experienced a historical rally, hitting a fifteen-month high of $25 in November start. However, currently, in the span of just 24 hours, it faced a 7% decline, trading at $20. Moreover, its trading volume has decreased by 5%, intensifying the struggle between bullish and bearish forces. AVAX Price Chart, Source: TradingView Solana (SOL) Solana, the 7th largest coin in market capitalization, made headlines by reaching an eighteen-month high of $69 in the second week of November. Presently, it trades at $54, indicating a 5% decrease in the past 24 hours. However, its performance over the month still shows a remarkable surge of 70%. SOL Price Chart, Source: TradingView Polygon (MATIC) Polygon, positioned 14th in market capitalization, followed a similar trajectory. After reaching a six-month high of 0.9837 on November 14, MATIC has slipped to $0.7416. It witnessed a 9% decline in the past week. MATIC Price Chart, Source: TradingView Furthermore Adding to the volatility, several major alternative cryptocurrencies, including DYDX, OP, SUI, AXL, IMX, 1INCH, and HBAR, witnessed declines as large token unlocks affected their prices negatively. Altcoins are anticipated to witness a staggering increase of approximately $650 million in their circulating supply throughout this week, amplifying concerns about oversupply and market dynamics. Moreover, research reveals that DYDX alone is set to double its current circulating supply with an additional $480 million worth of tokens entering the market. It adds pressure to its price trajectory.  As the broader crypto market navigates these shifts, the resurgence of bearish trends and the looming influx of tokens raise caution flags among market participants. The coming days are poised to test the resilience of altcoins and their ability to weather market fluctuations.

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin. Ethereum (ETH) Ethereum is ending the week on a positive note with a price increase of 4.7% which puts it on a collision course with the key resistance at $2,100. This would be the second time this resistance level is tested this month and a breakout would open the way for ETH to rally and make new highs. Looking ahead, the momentum is bullish with sellers unable to contain the uptrend. This makes a breakout more likely in the coming week. If successful, the next major levels will be found at $2,500 and $3,000. Chart by TradingView Ripple (XRP) XRP found good support at 57 cents and since then, the price has been moving higher to close the week in green with a modest 0.3% increase. The current resistance at 68 cents is still holding strong and buyers need to step up their game if XRP is to test this level again any time soon. Looking ahead, the momentum is still not quite there yet for bulls, but if the overall market remains in green sentiment could improve to also push XRP higher. Chart by TradingView Cardano (ADA) Cardano had a good week after the price increased by 4.7%. The current support is found at 38 cents and the resistance is at 41 cents. The momentum remains firmly on the bullish side and if this continues in the coming week, then a test of the key resistance appears likely. Looking ahead, ADA may continue to make higher highs and the biggest test will be found at 41 cents where sellers could return if buyers are not decisive to break that level. Chart by TradingView Solana (SOL) Solana’s rally stopped this week and the uptrend was lost, but sellers were unable to push the price under $50. This means buyers are still in control and could see Solana reach the resistance at $67 again. Nevertheless, this pause in the rally made SOL fall by 1.3% this week and the price could continue to move sideways until the balance of power between bulls and bears changes. Looking ahead, Solana continues to look very strong after such a massive rally and corrections appear shallow. In this context, buyers could still push Solana to make new highs. Chart by TradingView Binance Coin (BNB)  After a turbulent week full of volatility, BNB’s price found good support at $230. This also made it close the past seven days in red and fall by 3.5%. Market participants sold a lot of BNB when news of the DoJ announcement broke out that lead to CZ stepping down at CEO. While selling pressure was intense, BNB did not make new lows. Looking ahead, as long as this cryptocurrency holds above $230, then a recovery appears likely. The resistance is still standing strong at $265. Chart by TradingView The post Crypto Price Analysis Nov-24: ETH, XRP, ADA, SOL, and BNB appeared first on CryptoPotato.

ChatGPT Picks 5 Cryptocurrencies to Buy in December Faced with turmoil at Binance, the largest cryptocurrency exchange, and a shaky chart that has seen earnings decline for most crypto assets recently, investors are now wondering what happens next. Most of the top 100 altcoins have seen pullbacks over the past week as panic mounted. Recently, many people lost a significant portion of their November gains. With this in mind, investors are looking for potential opportunities amid the fear, uncertainty and doubt (FUD) affecting markets. In light of recent developments, Finbold has turned to artificial intelligence (AI) to provide traders with a possible safe haven in the coming period. Specifically, OpenAI’s artificial intelligence program ChatGPT recommends 5 crypto assets to watch in December based on market trends and analysis. Bitcoin (BTC) Not surprisingly, AI has chosen flagship cryptocurrency BTC as the top cryptocurrency to buy next month as it has experienced a positive move of over 8% in the past 30 days. ChatGPT selects Bitcoin as the first cryptocurrency to buy in December. News that the U.S. Securities and Exchange Commission (SEC) may approve a Bitcoin exchange-traded fund (ETF) in the near future fueled investor optimism last month. Large industry players including BlackRock would represent a major milestone in mainstream financial adoption of digital assets. In addition to the industry's recognition of the importance of this digital asset, there is growing news that national factors want to adopt Bitcoin as a financial instrument in some form. Ethereum (ETH) The next option is ETH, continuing the positive momentum from previous weeks and successfully breaking out of a key resistance zone. ChatGPT noted that given its ability to deploy decentralized applications, “it has shown impressive growth since its inception. Its competition with Bitcoin and its massive market capitalization make it an important cryptocurrency to watch. " Ethereum recently broke above resistance levels between $1,982 and $2,044. Notably, 1.67 million crypto wallets purchased 38.73 million ETH, allowing them to realize larger gains soon. In an interview with Defiant in Turkey on November 25, Ethereum co-founder Vitalik Buterin discussed the need to strengthen the Ethereum staking process to improve mining and staking pools, aiming to increase the degree of platform decentralization to cope with off-chain Data availability brings challenges to the system, which highlights the developers' commitment to continuous improvement of this digital asset. Binance Coin (BNB) Despite Changpeng Zhao’s departure, Binance BNB remains the leading cryptocurrency exchange. Therefore, Binance Coin is AI’s third choice to buy next month. ChatGPT noted: “BNB originated from Binance, the world’s largest cryptocurrency exchange, and has experienced significant growth since migrating to Binance Chain. Its growth rate and market capitalization make it a cryptocurrency worth noting. " The appointment of Richard Teng highlights a rapid response to legal issues, as he quickly declared his commitment to Binance’s core values ​​of customer protection and continuous improvement of the platform. Another reliable indicator is that despite Binance’s massive $1 billion outflow, on-chain data suggests Binance is recovering quickly. Interestingly, these numbers are in line with Binance’s typical day-to-day patterns, easing concerns about its financial stability. According to Nansen’s Nov. 22 post, liquidity initially fell 25% and is now showing positive signs of recovery. Tether (USDT) USDT is the leading stablecoin by market capitalization and is commonly used by cryptocurrency traders for seamless transfers between cryptocurrencies and for converting investments to and from fiat currencies. Its value is pegged to the US dollar, which is why it is ChatGPT’s fourth option to buy. ChatGPT commented on Tether: $ “USDT As a stablecoin pegged to the U.S. dollar, Tether offers a less volatile option in the crypto market. Its stability in a generally volatile market makes it one worth considering Interesting choice.” Recent news that Tether and its affiliated cryptocurrency exchange Bitfinex have chosen not to object to Freedom of Information Act (FOIL) requests from journalists suggests that a new trend has arisen in the wake of allegations of a lack of transparency about the verifiability of its purported fiat reserves. Positive signs. Solana (SOL) SOL earns its fifth spot among AI buys next month thanks to its low transaction costs and rapid scaling. CoinEX Global’s latest analysis, released on November 24, highlights and explains the main reasons behind SOL’s strong performance over the last period. The surge in the price of SOL and related assets has attracted more funds into the Solana-based protocol ecosystem, which, coupled with the strong performance of its projects (dePIN, DeFi), has laid the foundation for solid performance in the future. Since the cryptocurrency industry is susceptible to short-term fluctuations, it is crucial to make the necessary fundamental and technical preparations when deciding on your next investment. For more insights on cryptocurrency trends and analysis, follow Cosmic Blockview. Stay informed and stay ahead of the curve in the dynamic world of digital finance. #BTC #ETH $SOL $BNB

In the most recent week, the cryptocurrency market has seen a mix of bullish and bearish trends, with most cryptocurrencies trading in neutral ranges. The weekly crypto price analysis reveals a market has been struggling to find direction, with most of the tokens seeing gains rather than losses. The market has been volatile, and buying and selling opportunities abound. Cryptocurrencies Price Heatmap, Source: Coin360 The leading cryptocurrency, Bitcoin (BTC), has managed to hold its position above $37k after a bullish outlook in the past week. The ETH price has also been showing bullish signs, with the token trading above $2k. Additionally, the XRP and ADA prices have gained momentum, with both tokens seeing a significant increase in value. However, not all cryptocurrencies have been on an upward trajectory. BNB’s price has been relatively stable after a bearish outlook, while Dogecoin (DOGE) and Solana (SOL) are experiencing a slight downward trend. BTC/USD BTC started the week on a positive note, with its price rising above $36K. The bullish trend continued throughout the week, and the token’s price reached $37k before showing signs of consolidation. The BTC dominance percentage has been around 50%, indicating a strong hold on the market. BTC/USD is currently trading at $37,892, with a 24-hour surge of  1.41% and a seven-day increase of  3.48%. If bullish momentum continues, BTC’s price will reach its next resistance level at $40k. However, if bears take control, BTC’s price could drop to its support level of $35k. BTC/USD weekly chart, source: TradingView The weekly technical indicators are indicating a possible bullish momentum for BTC. The MACD (Moving Average Convergence Divergence) histogram shows an upward trend, and the RSI (Relative Strength Index) is above 70, indicating a buying sentiment in the market. The 20-EMA and 50-EMA also show bullish crossovers, confirming a positive BTC outlook. ETH/USD ETH has been showing a bullish outlook, with its price breaking above the $2k mark multiple times in the past week. The token reached a weekly high of $2,123 but was met with resistance and consolidated around the $2,1k level. ETH token has been hovering between $2k and 2,1k, with bullish and bearish forces struggling for control. At the time of writing, ETH is trading at $2,090, with a seven-day strong surge of 7%. ETH/USD weekly chart, source: TradingView ETH/USD has strong support at $2k, with a resistance level of $2.1k. If bulls dominate the market, ETH’s price could break above its current resistance and reach $2,200. On the other hand, if bears take over, ETH’s price could drop to its support level of $1,900. The 50-SMA and 200-SMA on the weekly chart show a potential bullish crossover, indicating a positive outlook for ETH.  The moving average convergence/divergence (MACD) also shows a bullish trend, while the relative strength index (RSI) is above 60, indicating strong buying pressure in the market. The moving averages are indicating buy signals, supporting the overall bullish sentiment. BNB/USD BNB has been trading in a tight range, with its price hovering between $300 and $320. The token saw a slight downward trend in the past week, reaching a low of $286 before bouncing back to its current price of $230 levels. The bulls and bears have been struggling for control, resulting in a relatively stable market for BNB. Currently, BNB is trading at $233, with a weekly dip of 4.46%. BNB/USD weekly chart, source: TradingView The technical indicators for BNB show a potential bearish trend in the near future. The RSI is currently below 50, indicating a selling sentiment and the MACD histogram shows signs of a bearish crossover. The MACD line is also below the signal line, confirming a negative outlook for BNB. The 100-SMA and 200-SMA also show a bearish crossover, indicating a possible further downward trend for BNB. XRP/USD XRP saw a significant surge in its price this week, reaching a weekly high of $0.628 before consolidating around the $0.61 level. The token’s bullish momentum has been driven by positive market sentiment and recent partnerships.  XRP token has been rallying above its previous resistance level of $0.60, indicating a strong surge in value. XRP is currently trading at $0.6270 level, with a weekly increase of 2%. XRP/USD weekly chart, source: TradingView XRP/USD has strong support at $0.58, with its next resistance level at $0.6300. If bulls continue to dominate the market, XRP’s price could reach its next resistance level at $0.6500. However, if bears take control, XRP’s price could drop to its support level of $0.58. The technical indicators for XRP show a potential bullish trend in the near future. The RSI is currently above 50, indicating bulls are more dominant in the market. The MACD histogram also shows a bullish trend and the 50-SMA and 100-SMA show signs of a potential bullish crossover. SOL/USD Weekly crypto price analysis also reveals that Solana (SOL) has been trading in a downward trend. The token saw a significant drop in its price from $62 to $57 before bouncing back to its current level of $57.10. SOL’s bearish movement is attributed to overall market sentiment and profit-taking by investors. SOL has seen a weekly dip of 1.8%, with its value fluctuating within a tight range. SOL/USD has a strong support level of $30 and a resistance level of $35. If bulls take control, SOL’s price could reach its next resistance level at $40. However, if bears continue to dominate, SOL’s price could drop to its support level of $25. However, today, it saw a surge of 1.24%, giving hope to the bullish investors. SOL/USD weekly chart, source: TradingView The technical indicators for SOL show mixed signals, with the RSI below 80 but showing signs of an upward trend. The MACD histogram shows a possible bullish crossover, while the moving averages indicate a buy signal. Overall, SOL’s price movement will depend on market sentiment and the direction of major cryptocurrencies.  The 20-EMA and 50-EMA show bullish crossovers, indicating a possible upward movement for SOL in the near future. ADA/USD Looking at the DOGE weekly price analysis, bulls and bears have been fighting for control, resulting in a relatively stable market for ADA. The bulls seem to be winning the battle, with ADA’s price surging by more than 6% in the past week. The token currently trades at $0.3862, with a 24-hour increase of 1.82%. The trading volume for ADA has also increased, indicating a possible surge in value in the coming days. ADA/USD weekly chart, source: TradingView The technical indicators for ADA show a potential bullish trend in the near future. The RSI is currently above 60, indicating strong buying pressure from investors. The MACD histogram also shows signs of a bullish trend, while the moving averages indicate buy signals. If bulls continue to dominate, ADA could reach its next resistance level at $0.4000. On the other hand, if bears take over, ADA’s price could drop to its support level of $0.03500. DOGE/USD DOGE has been trading sideways for most of the week, fluctuating prices between $0.0700 and $0.08000. However, towards the end of the week, DOGE saw a slight dip in its price, reaching $0.19 before recovering to its current trading price of $0.07155. Over the past seven days, DOGE has seen a 7% decrease in value. At the time of writing, DOGE/USD  is trading at $0.07735, with a slight increase of 1.90% in the past 24 hours. DOGE/USD weekly chart, Source: TradingView The technical indicators for DOGE show a possible continuation of the bearish trend in the coming days. The RSI is currently below 60, indicating neutral sentiment in the market, and if it continues to drop, it could indicate a further downward trend for DOGE. The MACD also shows signs of a bearish crossover, and the 50-SMA is below the 200-SMA, confirming a negative outlook for DOGE. Conclusion In conclusion, the weekly crypto price analysis shows a mixed sentiment in the market for major cryptocurrencies. The bulls and bears struggle for control, resulting in a relatively stable market. However, technical indicators show potential bullish or bearish trends for each token, depending on market sentiment and the direction of major cryptocurrencies such as Bitcoin and Ethereum. In the coming week, it will be interesting to see if the bulls or bears gain dominance and how it will affect the price movements of these cryptocurrencies.

Bitcoin (BTC) broke above the overhead resistance of $38,000 on Nov. 24, indicating that the sentiment is positive and bulls have kept up the pressure. Independent Reserve CEO Adrian Przelozny told Cointelegraph that the “next two years are going to be good,” and market activity is likely to pick up in early 2024. The major catalysts for next year is the Bitcoin halving in April and applications for a spot Bitcoin exchange-traded fund, some of which have a deadline for a decision in January. With two main events on the horizon, Bitcoin is likely to find buyers on dips. Daily cryptocurrency market performance. Source: Coin360 Analysts expect a retracement from $40,000 in the near term. That could be one of the reasons why Cathie Wood’s investment firm, ARK Invest, has been gradually selling into strength. The firm sold about 700,000 shares of the Grayscale Bitcoin Trust (GBTC) over the past month, but it is worth noting that ARK still holds more than 4.3 million GBTC shares. Could crypto traders bulldoze their way through the overhead resistance levels in Bitcoin and major altcoins? What are the important levels to watch out for? Let’s analyze the charts of the top 10 cryptocurrencies to find out. Bitcoin price analysis Bitcoin pierced the stiff resistance of $37,980 on Nov. 24, but the bulls are struggling to sustain the breakout. This suggests that the bears are vigorously guarding the level. BTC/USDT daily chart. Source: TradingView Both moving averages are sloping up, and the relative strength index (RSI) is above 61, indicating that the path of least resistance is to the upside. If buyers maintain the price above $37,980, the BTC/USDT pair could reach $40,000. This level may again witness a tough battle between the bulls and the bears, but if the buyers prevail, the pair could skyrocket to $48,000. Time is running out for the bears. If they want to weaken the momentum, they will have to sink the price below the 20-day EMA. The short-term trend will turn negative below $34,800. Ether price analysis The bulls pushed Ether (ETH) above the resistance line on Nov. 22, suggesting the start of the next leg of the up-move. ETH/USDT daily chart. Source: TradingView The bears tried to pull the price back below the resistance line on Nov. 23, but the bulls held their ground. This suggests that the bulls are trying to flip the resistance line into support. If they succeed, the ETH/USDT pair could start a northward march toward $2,200. This level may again act as a formidable resistance, but if bulls overcome it, the pair will complete a large ascending triangle pattern. That could open the gates for a potential rally to the pattern target of $3,400. This bullish view will be invalidated in the near term if the price turns down and plummets below the vital support at $1,900. BNB price analysis BNB (BNB) jumped above $235 on Nov. 22, but the bulls could not overcome the obstacle at the 20-day EMA ($239). This suggests that bears are trying to take control. BNB/USDT daily chart. Source: TradingView The 20-day EMA has started to turn down, and the RSI is just below the midpoint, indicating a minor advantage to the bears. The short-term trend will turn negative on a break and close below the crucial support at $223. That could clear the path for a fall to $203. If bulls want to prevent the downside, they will have to push and sustain the price above the 20-day EMA. The BNB/USDT pair may then spend some more time inside the large range between $223 and $265. XRP price analysis The bulls are trying to shove XRP (XRP) above the 20-day EMA ($0.62), which suggests strong buying at lower levels. XRP/USDT daily chart. Source: TradingView The 20-day EMA has flattened out, and the RSI is near the midpoint, indicating range-bound action in the short term. The XRP/USDT pair may swing between $0.56 and $0.74 for a few days. If the price rises and sustains above the 20-day EMA, the pair could gradually climb to $0.67 and thereafter to $0.74. Buyers will have to overcome this hurdle to indicate the start of a new up-move. Conversely, if the price turns down from the current level and breaks below $0.56, it will signal the start of a sharper correction to $0.46. Solana price analysis Solana (SOL) has been trying to break above the $59 resistance for the past two days, but the bears have held their ground. A minor positive in favor of the bulls is that they have not ceded ground to the bears. SOL/USDT daily chart. Source: TradingView The rising 20-day EMA ($52.80) and the RSI in the positive territory suggest that bulls have the upper hand. That enhances the prospects of a rally above the overhead resistance. If that happens, the SOL/USDT pair could ascend to $68. Contrary to this assumption, if the price turns down from the current level, the bears will strive to tug the pair below the 20-day EMA. If they can pull it off, the pair may drop to $48, where buyers are likely to step in. Cardano price analysis Cardano (ADA) has been swinging above and below the $0.38 level for the past few days. This shows uncertainty about the next directional move between the bulls and the bears . ADA/USDT daily chart. Source: TradingView The upsloping moving averages and the RSI in the positive territory indicate that the bulls have a slight edge. If the price rises above $0.40, it will signal the start of a new up-move to $0.42 and later to $0.46. If bears want to trap the aggressive bulls, they will have to yank the price below $0.34. That may result in a fall to the 50-day SMA ($0.31). The ADA/USDT pair may then oscillate between $0.24 and $0.38 for a while longer. Dogecoin price analysis Dogecoin (DOGE) has been maintaining above the 20-day EMA ($0.08) for the past two days, but the rise lacks momentum. This indicates that bulls are cautious at higher levels. DOGE/USDT daily chart. Source: TradingView Buyers will have to propel the price above $0.08 to signal strength. The DOGE/USDT pair could then surge toward the target objective of $0.10. This level may again witness a tough battle between the bulls and the bears. If the price turns down from $0.08, it will suggest that bears remain active at higher levels. The pair may then drop to the immediate support at $0.07. The flattish 20-day EMA and the RSI just above the midpoint do not give a clear advantage either to the bulls or the bears. Toncoin price analysis Buyers are trying to push Toncoin (TON) to the overhead resistance of $2.59. The repeated retest of a resistance level tends to weaken it. TON/USDT daily chart. Source: TradingView If bulls drive and sustain the price above the $2.59 to $2.77 resistance zone, it will complete a cup-and-handle pattern. That could start a new uptrend to $3.28 and thereafter to the pattern target of $4.03. Alternatively, if the TON/USDT pair turns down from the overhead resistance, it will suggest that bears are fiercely protecting the level. That could result in a move down to the 50-day SMA ($2.20). A slide below this level will open the doors for a fall to $2 and subsequently to $1.89. Chainlink price analysis Chainlink (LINK) is facing selling at the downtrend line, as seen from the long wick on the Nov. 23 candlestick. LINK/USDT daily chart. Source: TradingView However, the bulls have not given up and have again pushed the price to the downtrend line. The price is stuck between the downtrend line and the 61.8% Fibonacci retracement level of $12.83. This has resulted in a squeeze, likely resolving with a sharp move on either side. If the price surges above the downtrend line, the LINK/USDT pair may climb to $16.60 and then to $18.30. Instead, if the price turns down and plunges below $12.83, the decline could extend to the 50-day SMA ($11.21). Avalanche price analysis Avalanche (AVAX) has reached the overhead resistance at $22, which is an important level to watch out for. The bears are expected to defend this level with vigor. AVAX/USDT daily chart. Source: TradingView However, if bulls do not give up much ground from the current level, it will increase the likelihood of a break above $22. The pair may then climb to $25 where the bears are likely to mount a strong defense. On the downside, the 20-day EMA ($18.40) remains the key level to keep an eye on. If the price turns down and slips below this level, it will suggest the start of a deeper correction to $16. Such a move will indicate that the AVAX/USDT pair may spend some more time inside the large range between $10.50 and $22. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Bullish MINA price prediction for 2023 is $0.9742 to $1.5749. Mina (MINA) price might reach $3 soon. Bearish MINA price prediction for 2023 is $0.4145. In this Mina (MINA) price prediction 2023, 2024-2030,  we will analyze the price patterns of MINA by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION Mina (MINA) Current Market Status What is Mina (MINA)? Mina (MINA) 24H Technicals MINA (MINA) PRICE PREDICTION 2023 Mina (MINA) Support and Resistance Levels Mina (MINA) Price Prediction 2023 — RVOL, MA, and RSI Mina (MINA) Price Prediction 2023 — ADX, RVI Comparison of MINA with BTC, ETH MINA (MINA) PRICE PREDICTION 2024, 2025, 2026-2030 CONCLUSION FAQ Mina Protocol (MINA) Current Market Status Current Price $0.8136 24 – Hour Price Change 14.87% Up 24 – Hour Trading Volume $326,387,033 Market Cap $819,738,280 Circulating Supply 1,007,501,675 MINA All – Time High $9.91 (On June 01, 2021)   All – Time Low $0.352 (On October 11, 2023)   MINA Current Market Status (Source: CoinMarketCap) What is Mina (MINA) TICKER MINA BLOCKCHAIN Mina CATEGORY Layer-One Blockchain LAUNCHED ON March 2021 UTILITIES Privacy-Focused, Accessible, Scalable, and Decentralized Mina (MINA) is a decentralized cryptocurrency platform known for its lightweight blockchain design, enabling participants to run and verify the entire blockchain with minimal resources. Positioned as the world’s lightest blockchain, Mina leverages advanced cryptographic techniques, such as zk-SNARKs, to maintain a constant size of around 22 KB. This unique feature ensures that the blockchain remains accessible and easily verifiable, promoting decentralization and inclusivity. Mina serves as a layer-one protocol, allowing developers to build scalable and privacy-focused decentralized applications (DApps). Its design prioritizes user privacy by enabling transactions to be verified without the need to download the entire blockchain. This makes Mina an attractive option for a range of applications, including financial services, NFTs, and more. Governed by the community, Mina emphasizes accessibility, scalability, and decentralization in the evolving landscape of blockchain technology. Mina 24H Technicals (Source: TradingView) Mina (MINA) Price Prediction 2023 Mina (MINA) ranks 9th on CoinMarketCap in terms of its market capitalization. The overview of the Mina price prediction for 2023 is explained below with a daily time frame. MINA/USDT Descending Channel Pattern (Source: TradingView) In the above chart, Mina (MINA) laid out a descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend. Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts. At the time of analysis, the price of Mina (MINA) was recorded at $0.8136. If the pattern trend continues, then the price of MINA might reach the resistance levels of $0.9782, $1.7444, and $3.9505. If the trend reverses, then the price of MINA may fall to the support of $0.5588, and $0.3689. Mina (MINA) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Mina (MINA) in 2023. MINA/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as resistance and support levels of Mina (MINA) for 2023. Resistance Level 1 $0.9742 Resistance Level 2 $1.5749 Support Level 1 $0.6190 Support Level 2 $0.4145 MINA Resistance & Support Levels Mina (MINA) Price Prediction 2023 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Mina (MINA) are shown in the chart below. MINA/USDT RVOL, MA, RSI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the current Mina (MINA) market in 2023. INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $0.5500Price = $0.8552(50MA <  Price) Bullish/Uptrend Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 73.4557<30 = Oversold50-70 = Neutral>70 = Overbought Overbought Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak volume Mina (MINA) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Mina (MINA) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI). MINA/USDT ADX, RVI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the price momentum of Mina (MINA). INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 40.4378 Strong Trend Relative Volatility Index (RVI) Volatility over a specific period 79.79<50 = Low>50 = High High volatility Comparison of MINA with BTC, ETH Let us now compare the price movements of Mina (MINA) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs MINA Price Comparison (Source: TradingView) From the above chart, the price action of MINA is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of MINA also increases or decreases respectively. Mina (MINA) Price Prediction 2024, 2025 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Mina (MINA) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030. Year  Bullish Price  Bearish Price Mina (MINA) Price Prediction 2024 $3.8 $0.4 Mina (MINA) Price Prediction 2025 $4 $0.3 Mina (MINA) Price Prediction 2026 $5.3 $0.2 Mina (MINA) Price Prediction 2027 $6.5 $0.1 Mina (MINA) Price Prediction 2028 $7.8 $0.09 Mina (MINA) Price Prediction 2029 $9 $0.08 Mina (MINA) Price Prediction 2030 $10 $0.07 Conclusion If Mina (MINA) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Mina (MINA) price prediction for 2023 is $1.5749. Comparatively, if unfavorable sentiment is triggered, the bearish Mina (MINA) price prediction for 2023 is $0.4145.  If the market momentum and investors’ sentiment positively elevates, then Mina (MINA) might hit $3. Furthermore, with future upgrades and advancements in the Mina ecosystem, MINA might surpass its current all-time high (ATH) of $9.91 and mark its new ATH.  FAQ 1. What is Mina (MINA)? Mina (MINA) is a decentralized cryptocurrency platform known for its lightweight blockchain design, enabling participants to run and verify the entire blockchain with minimal resources. 2. Where can you purchase Mina (MINA)? Traders can trade Mina (MINA) on the following cryptocurrency exchanges such as  Binance, Coinbase, Kraken, Huobi, and Gate.io. 3. Will Mina (MINA) reach a new ATH soon? With the ongoing developments and upgrades within the Mina platform, Mina (MINA) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Mina (MINA)? Mina (MINA) hit its current all-time high (ATH) of $9.91 on June 01, 2021. 5. What is the lowest price of Mina (MINA)? According to CoinMarketCap, MINA hit its all-time low (ATL) of $0.352 on October 11, 2023. 6. Will Mina (MINA) reach $3? If Mina (MINA) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $3 soon. 7. What will be Mina (MINA) price by 2024? Mina (MINA) price is expected to reach $3.8 by 2024. 8. What will be Mina (MINA) price by 2025? Mina (MINA) price is expected to reach $4 by 2025. 9. What will be Mina (MINA) price by 2026? Mina (MINA) price is expected to reach $5.3 by 2026. 10. What will be Mina (MINA) price by 2027? Mina (MINA) price is expected to reach $6.5 by 2027.   Top Crypto Predictions Sui (SUI) Price Prediction 2023 Bitcoin Cash (BCH) Price Prediction 2023 Solana (SOL) Price Prediction 2023 Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.