
Bitcoin (Bitcoin) Is about to hit an all-time high, and Ether (Ethereum) Eventually soared to a new high of $4,800.This pushed The total market value of cryptocurrencies exceeds 3 trillion U.S. dollars According to CoinGecko’s data, this is the first time on November 8.
Santiment’s data shows that Bitcoin whales hold 10,000 to 100,000 BTC in their wallets Have been actively buying In the past few days. They have added 92,000 bitcoins in the past 25 days, of which about 43,000 have been purchased in the past five days.
Another important group Bitcoin miners hold their collectionData from CryptoQuant shows that, with a few exceptions, outflows from miners’ wallets have basically remained flat in the past few months.
Can the bullish trend of Bitcoin and Ether pull up other major coins? Let’s study the charts of the top 10 cryptocurrencies to find out.
Table of Contents
Bitcoin/USD
Bitcoin broke through the bullish flag on November 2nd, indicating that the upward trend may resume. The bears repeatedly tried to pull the price back into the flag, but failed to break the support of the 20-day exponential moving average (EMA) ($61,400).

The rising moving average and the relative strength index (RSI) of the positive zone indicate that the path of least resistance is to the upside. If the bulls push the price above $67,000, the BTC/USDT pair may rebound.
The first target on the upside is $75,000, which may be a resistance, but if the bulls overcome this obstacle, the pair may begin to march towards the pattern target of $89,476.12.
Contrary to this assumption, if the price drops from the above resistance, the currency pair may fall to the 20-day moving average. A break and close below this support level may open the door for a fall to the 50-day simple moving average (SMA) ($55,284).
Ethereum/USDT
On November 6, Ether rebounded from the breakthrough level to $4,375, indicating that the bulls have turned this level into support. Buying resumed on November 7, and the bulls pushed the price above the all-time high of $4,665.87 set on November 8.

The ETH/USDT currency pair may now rebound to an important psychological level of $5,000, and the shorts are expected to form strong resistance here. If the price drops from $5,000 but does not break below the 20-day moving average, it means buying on dips.
A break and close above US$5,000 may open the door for a further rebound to US$5,283.17. The important downside support is the 20-day moving average, which has not been broken since October 1.
If this support breaks, it indicates that the bullish momentum may be waning. Then the currency pair may fall to 3,888 USD.
BNB/USDT
Binance Coin (Bitcoin) After breaking through US$518.90, it is gaining momentum. It can be seen from the long wick on the candlestick on November 7 that the bears are trying to defend the overhead resistance of $691.80.

If the bulls don’t give up too much from the current level, it will show strength and increase the possibility of breaking above resistance. If this happens, the BNB/USDT pair may rise to $717.80.
Although the upward sloping moving average indicates that it is beneficial to buyers, the overbought level of the RSI indicates that the currency pair may soon enter a small consolidation or correction. The first support level for the downside is $600.
If this support is broken, the currency pair may fall to the 20-day moving average ($549). Such a deep correction may delay the start of the next segment of the uptrend.
ADA/USDT
Cardano (Have) The past few days have been trading between the 20-day moving average ($2.04) and the key support level of $1.87. Although the bears successfully defended the 20-day moving average, they were unable to break the price below $1.87, indicating accumulation at a lower level.

Buyers pushed the price above the 20-day moving average, and the RSI also climbed to the positive zone, indicating that the bearish momentum may be weakening. The ADA/USDT pair can now rise to the resistance line.
A break and close above the resistance line will indicate that the bulls are back in the game. The currency pair may then rise to $2.47, where the bears may form strong resistance.
Or, if the price falls from the downtrend line, the bears will try again to drop the currency pair below $1.87.
Sol/USDT
Solana (SOL) is in a strong uptrend and is trading in an ascending channel. The uptrend is facing profit-taking near the channel resistance line, but a positive sign is that the bulls have not given up too much.

If the price rebounds from the center line of the channel, the bulls will try again to push the SOL/USDT pair above the resistance line. If they manage to do this, the currency pair may rise to 300 USD and then to 321 USD.
Or, if the price falls below the midline, the currency pair may fall to the support line of the channel. A break of this channel may start a deeper correction to $200, followed by a correction to the 50-day moving average ($175).
Ripple/USDT
Ripple (Ripple) Broke the overhead resistance of $1.24 on November 8, but the bulls found it difficult to maintain the break. This shows that the bears are active at a higher level.

The 20-day moving average ($1.13) is sloping upwards and the RSI is in the positive zone, indicating that the path of least resistance is to the upside. If the bulls maintain the price above $1.24, the XRP/USDT pair may rise to $1.41.
This level may once again become a strong resistance, but if buyers overcome this obstacle, the bullish momentum may pick up.
Conversely, if the price falls from the current level, the currency pair may fall to the 20-day moving average. If the support breaks and the currency pair may fall to $1, the sell-off may intensify.
DOT / USDT
Polkadot (DOT) rebounded from the breakout level of $49.78 on November 6, indicating that the bulls are trying to turn this level into support. Buyers will now try to push the price above $55.09 and resume the upward trend.

If they succeed, the DOT/USDT currency pair may begin to march northward and move towards the next target of $63.08. The upward sloping moving average and the RSI near the overbought zone indicate that buyers have the upper hand.
If the price falls from the above resistance, the currency pair may remain in the range of 49.78 to 55 US dollars. A breakout and closing below $49.78 will be the first sign that traders may profit in their positions.
Then the currency pair may fall to the 20-day moving average (US$47.41). If the price rebounds from this level, the bulls will try again to resume the uptrend, but if the support level gives way, the currency pair may fall to the 50-day moving average ($38.92).
related: After Elon Musk sold off and saw that BTC surpassed Tesla’s market value, Bitcoin retained $65,000
SHIB/USDT
SHIBA INU (SHIB) has been in a strong correction phase in the past few days. Although the price rebounded from below the 20-day moving average ($0.000053) on November 5, the bulls are still struggling to maintain a higher level.

This indicates that the trader is selling at a higher level. If the shorts break the price below the 20-day moving average, the SHIB/USDT pair may fall to $0.000043. This is an important level to watch, because if it crashes, the correction may expand to $0.000040.
The longer the price stays below the 20-day moving average, the more likely it is that it will fall to the 50-day moving average ($0.000031).
A break and close above the downtrend line will be the first sign that selling pressure may be easing. Then the currency pair may rise to 0.000065 USD and then to 0.000075 USD.
Dogecoin/USDT
Dogecoin (dog) Fell below the 20-day moving average ($0.26) on November 4th, 5th and 6th, but the long tail on the candlestick indicates strong buying at lower levels.

The rising 20-day EMA and RSI in the positive zone indicate that the bulls have a slight advantage. The bulls are trying to push the price to the overhead resistance of $0.34, but the long wick on the candlestick on November 8 indicates that the bears are selling at rallies.
If the price falls from the current level, the bears will try again to pull the price below the 20-day moving average. If this happens, the DOGE/USDT currency pair may fall to the 50-day moving average (0.24 USD). A break of this support level may result in a drop to $0.19.
AVAX / USDT
Avalanche (AVAX) is in a strong upward trend. After the price rose to the upper resistance level of $81, the upward momentum strengthened. The bulls will now try to push the price up to $100.

If it breaks through this level, the AVAX/USDT currency pair may expand to 108.56 US dollars. A rising 20-day EMA (72 USD) and an RSI above 75 indicate that the bulls are in a dominant position.
However, if the price falls from the current level, the currency pair may fall to the breakout level of $81. If the bulls turn this level into support, the possibility of the uptrend continuation will increase.
The first sign of weakness will be a breakout and close below the $81 support level. The currency pair may then fall to the 20-day moving average, which is an important level for bulls, because a break below this level may indicate that a short-term top has been formed.
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Market data by Bitcoin exchange.