11/1 Price Analysis: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB Market Update

Markets are getting a bit shaky, with Bitcoin needing to hold steady at $70,000 for the ongoing rally to continue.

Bitcoin recently dipped below $69,000, but buyers quickly stepped in to push it back up over $70,000, showing a positive market sentiment. As Bitcoin approaches its all-time high of $73,777, there may be some resistance from sellers in the near future.

On the trading front, short-term Bitcoin holders seem to be moving their coins to exchanges, while long-term investors are looking to add more Bitcoin to their portfolios. In fact, MicroStrategy is planning to raise funds to buy more Bitcoin over the next three years.

The big question now is whether Bitcoin can push past the selling pressure and hit a new all-time high, and if other altcoins will follow suit. Let’s look at the top 10 cryptocurrencies to see what the charts have to say.

Bitcoin recently saw a brief dip below the $72,000 support level, but managed to hold strong around the 20-day EMA. If buyers can push back above $72,000, we could see Bitcoin rally to new highs around $93,554.

Ether, on the other hand, is facing some resistance near the symmetrical triangle pattern on the charts. For the bulls to take over, we need to see a break above $2,850.

BNB saw a brief dip below the 50-day SMA, but buyers are pushing back above the key resistance levels. A break above $635 could signal a new uptrend for BNB.

Solana is holding steady above the $164 level, suggesting bullish sentiment. If buyers can push past the $189 resistance, we may see SOL rally to $210.

XRP is still below the 20-day EMA, but buyers are looking to push the price back up. A break above $0.64 could signal a relief rally for XRP.

Dogecoin faced some resistance around $0.18, but strong support held at $0.15. If buyers can push above $0.18, we may see DOGE climb to $0.21.

TONcoin dropped to a support zone between $4.44 and $4.72, with potential for a bearish pattern if sellers break this level. Bulls will defend this zone to prevent a drop to $3.50.

Cardano is facing resistance around the moving averages, with a possible range-bound action in the near term. A break above $0.40 could signal a rally for ADA.

Avalanche fell below the symmetrical triangle pattern, showing advantage to sellers. If the price drops below $24, we may see further downside for AVAX.

Overall, the market is in a bit of a flux, with key levels to watch on both the upside and downside for various cryptocurrencies. As always, it’s important to stay informed and watch the charts for potential trading opportunities in the volatile crypto space.