Bitcoin Price Analysis
Bitcoin (BTC) has rallied around 9% in November, but the $38,000 mark has proven to be a tough obstacle to overcome. However, historical data suggests that December could be a mixed month for the cryptocurrency. Despite this, analysts are optimistic about Bitcoin's future, with some predicting a price of $100,000 before the end of 2024.
Ether Price Analysis
Ether (ETH) has rebounded off the 20-day EMA ($2,019), indicating strong support at this level. If the price can break through the overhead resistance at $2,200, it could complete an ascending triangle pattern and target $3,400.
BNB Price Analysis
BNB has been trading within a tight range between $223 and $239, with uncertainty among buyers and sellers. The bears are currently in command, but if buyers can push the price above the 20-day EMA, a rally towards $265 could be possible.
XRP Price Analysis
XRP has been clinging to the 20-day EMA ($0.61), with every minor dip being bought up. If buyers can push the price above the 20-day EMA, it could indicate a shift in favor of the bulls, with targets at $0.64 and $0.67.
Solana Price Analysis
Solana has shown strength, with buyers defending the price at lower levels. If the price can rally above $62.10, it may clear the path for a potential rally to $100.
Cardano Price Analysis
Cardano has been taking support at the 20-day EMA ($0.37), but the bulls are struggling to start a strong rebound. Breaking through the overhead resistance at $0.40 could generate bullish momentum and push the price towards $0.46.
Dogecoin Price Analysis
Dogecoin has held above $0.08, indicating that the bulls are not rushing to book profits. If the price can break through the psychological resistance at $0.10, it could continue its upward momentum.
Toncoin Price Analysis
Toncoin (TON) has found support above the 20-day EMA ($2.38), but lacks momentum. If the price can rally above $2.59, it could complete an ascending triangle pattern with a target objective of $3.58.
Chainlink Price Analysis
Chainlink's price is currently squeezed between the 20-day EMA ($14.19) and the overhead resistance at $15.40. If the price can break through this resistance, it could climb towards $18.30.
Avalanche Price Analysis
Avalanche has shown strong demand at higher levels, with buyers pushing the price above the $22 resistance. If the price can close above $22, it may rally towards $24.69 and potentially even $28.50.
