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.

🚀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 (SOL) Analysis SOL Coin fell to $54, with BTC losses approaching $1,800. If BTC behaves similarly to previous resistance tests and does not break above $38,000 and test the $40,000 level to create higher support in the short term, things may be different this time. As the monthly close approaches, we will collectively experience what the intensifying struggle will bring to altcoins. If the price falls below the 20-day EMA ($53), SOL Coin will complete a head and shoulders pattern with a loss of $51 as well. This could lead to a sharp sell-off to the 50-day moving average ($40) and then to $34. In the opposite scenario, a close above $59 could test $68 I will tell everyone exactly how to ambush you. No threshold #BTC #ETH #sol

Solana (SOL) has been downward for the last 24 hours after failing to break through the 24-hour high of $59.65. As a result, bears have grabbed control of the market, driving SOL’s price to an intraday low of $53.33 before regaining support and stabilizing around the $55 level at press time. The price drop has prompted some profit-taking among short-term traders, while long-term investors remain bullish about Solana’s prospects. The consolidation period may create a buying opportunity for investors wishing to join or increase their SOL investments. If the bears break through the $53.33 support level, the next support level to monitor is around $50. However, if the bulls push the price over $55, it might signal a rising trend and draw additional investors. The market capitalization of SOL fell by 2.86% to $23,253,187,029, while its 24-hour trading volume climbed by 17.90% to $1,210,653,312, suggesting more significant trading activity. This surge indicates that, despite the price drop, there is still substantial demand and liquidity in the market for SOL. Furthermore, the increase in trading activity may reflect a change in mood among traders, with some seeing the present price consolidation as an advantageous opportunity to buy or sell SOL. ADA/USD Price Analysis Cardano (ADA) has also been in a recent downturn, with its price falling from an intraday high of $0.3867 to an intraday low of $0.3712. ADA was trading at $0.3715 at publication, a 3.52% decrease from its previous high. Despite the price drop, there is still substantial community support for ADA, with many investors seeing this as a chance to acquire additional tokens at a lower cost. However, similar to SOL, ADA has seen an increase in trading volume this fall. Furthermore, the 2.69% rise in ADA trading volume to $260,947,154 suggests sustained market activity and prospective trader interest. This implies that, despite the price drop, there is still strong interest and engagement in the ADA market. In conclusion, despite recent price dips, SOL and ADA continue to attract investor interest, offering potential opportunities amid market fluctuations. $SOL $ADA #Ada #BinanceTournament

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.