Binance Coin (BNB) price action took another leg lower after, from a purely technical point of view, receiving a firm rejection on its topside while trying to recoup the losses from last week. For now, the price action remains underpinned.
Ripple (XRP) price is seeing bulls sticking to their guns after adventurous bulls came in and bought the dip near the low of the current low of November last week. Although XRP recovered a bit at the beginning of this week, as more headlines came out on the aftermath of FTX, the polish missile impact was the key trigger that flipped price action to the downside and bruised the bullish recovery sentiment.
Cardano (ADA) price is on the brink of a big collapse as price action almost comes to a halt, with traders unable to claw back after the purge from last week. It is almost becoming a perfect storm as the number of bearish elements exceeds the number of bullish positives in ADA.
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XRP price shows a constant influx of buying pressure, which has produced higher lows since the November 9 crash. The overhead barrier, however, is stubborn and continues to absorb this buying pressure from Ripple bulls.
Tron price has witnessed a severe decline throughout November. As a consolidation ensues, the technicals suggest one more low is on the cards that could wipe out early bulls. Key levels have been defined to gauge TRX’s next move.
AAVE price noted a minor fluctuation over the last 24 hours following a hacker's attempt to exploit the platform. However, broader market developments turned the tables around, resulting in the exploiter failing in his attempt.
Avalanche price witnessed a devastating plummet in November. On November 21, the bears forged new monthly lows bringing the market losses to 44%. Several signals suggest the market bottom.
BTC has faced the brunt of many industry leaders or significant platforms going bust this year. From Terra’s implosion to FTX’s bankruptcy, the industry seems shaken from a psychological perspective. As investors, an unbiased look reveals that the macro bottom is just one 20% crash away. This forecast takes a fresh look at significant levels and anticipates other scenarios that may evolve for Bitcoin price.
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