Analysis of Prices on 11/6: BTC, ETH, SOL, BNB, XRP, DOGE, TON, ADA, SHIB, AVAX

or the SHIB/USDT pair to cross because if they do, the bulls may try to start a relief rally to the downtrend line and then to $0.000025. The 20-day EMA ($0.000019) is likely to act as support on the downside. If the price rebounds off this level, it will suggest that the sentiment has turned positive and that the bulls may attempt to carry the price to $0.000025.

On the contrary, if the price turns down and breaks below the 20-day EMA, it will increase the likelihood of a drop to $0.000017. However, if the bears manage to drive the price below this level, the decline could extend to the critical support at $0.000015.

Avalanche price analysis

Avalanche (AVAX) turned up from the 50-day SMA ($91) and broke above the 20-day EMA ($98) on Nov. 6.

AVAX/USDT daily chart. Source: TradingView

The AVAX/USDT pair may now try to rise above the overhead resistance at $112. If the bulls manage to do that, the pair could rally to $130. The 20-day EMA is sloping up and the RSI is in the positive territory, indicating advantage to the bulls.

Conversely, if the price turns down from $112, the bears will make one more attempt to pull the price down to the 20-day EMA. If this support cracks, the pair could drop to the 50-day SMA and then to the critical support at $80.

In conclusion, the cryptocurrency market is showing signs of a bullish sentiment, with Bitcoin leading the charge to new all-time highs. While the possibility of pullbacks cannot be ruled out, the overall trend appears to be in favor of the bulls. Keep an eye on key support and resistance levels for each cryptocurrency to gauge the next potential price movements.