Analysis of Prices: BTC, ETH, SOL, BNB, XRP, DOGE, TON, ADA, SHIB, AVAX on 11/8

Bitcoin just hit a new all-time high at $77,000, sparking excitement among traders who are now eyeing a potential surge to $100,000 in the next three months. Analysts are confident that the recent rally is not overdone and is supported by strong fundamentals, with expectations for cryptocurrencies to trade even higher in the coming months.

Despite the positive sentiment, traders are advised to be cautious as the market leans heavily towards the bullish side. A sharp dip to shake out weak hands cannot be ruled out in such situations.

For Bitcoin and other altcoins, it’s important to keep an eye on key support levels during any correction. Let’s take a closer look at the charts of the top 10 cryptocurrencies to see where they might be headed.

Bitcoin has been holding above the breakout level of $73,777, indicating that bulls are in control. The next target is $93,554, with possible support at the 20-day EMA if a pullback occurs.

Ether soared past the $2,850 resistance, suggesting a shift in trend. Resistance at the downtrend line may pose a challenge, with potential support levels at the moving averages.

Solana broke above the $180 resistance and eyes the critical $210 level. If sellers defend this level, it could drop back to support levels at $189 and $180.

BNB reached $612 but faces resistance at $635, completing an ascending triangle pattern. Failure to break above could lead to more consolidation within the triangle.

XRP closed above the 50-day SMA but faces selling pressure, with support at the 20-day EMA. A breakthrough $0.64 could see a rally to $0.70.

Dogecoin held above $0.18 despite hitting resistance at $0.22. Bulls need to break above $0.22 for a potential move to $0.30.

Toncoin’s relief rally faces resistance at the 20-day EMA, with support levels at $4.44 and $3.50. Breaking above the 50-day SMA could push the price to $6 and $7.

Cardano closed above the $0.40 resistance, suggesting a move towards $0.49. Support at $0.40 is crucial, with a break signaling a potential slump to the moving averages.