Bitcoin is on the brink of an unprecedented milestone, trading just shy of $100,000. If this psychological barrier is crossed, what’s next for altcoins in this bullish market? Let’s analyze the charts of the top 10 cryptocurrencies to gauge the potential market trajectory.
Bitcoin Price Analysis (BTC)
Bitcoin continues its relentless rally, nearing the critical $100,000 mark on Nov. 22. According to Material Indicators co-founder Keith Alan, short sellers should brace for potential liquidations if they bet against the uptrend at this level.
A sustained move above $100,000 could propel the BTC/USDT pair toward $113,331 and eventually $125,000. However, the first sign of weakness would be a break below the uptrend line, signaling profit-taking by short-term traders. A dip below the 20-day EMA ($86,473) would suggest a potential correction as bears attempt a comeback.
Ethereum Price Analysis (ETH)
Ether has surged past the $3,225 resistance, indicating bullish dominance. The upsloping 20-day EMA ($3,042) and positive RSI suggest further upside potential, with a move above the downtrend line likely pushing the ETH/USDT pair to $3,900 and $4,094.
Conversely, a break below $3,000 could trigger a decline to $2,850, a key support for bulls. A breach of this level would give bears the upper hand, hinting at further downside risks.
Solana Price Analysis (SOL)
Solana broke out above $249 on Nov. 21, reaching a new all-time high over $264 on Nov. 22. With no overhead resistance, the SOL/USDT pair could surge to $304 if bulls sustain momentum.
The 20-day EMA ($218) remains the critical support. A break below this level would indicate profit-taking, with the price potentially dropping to $200, signaling a short-term top.
BNB Price Analysis (BNB)
BNB rebounded from the 50-day SMA ($594) on Nov. 21, signaling bullish sentiment as traders bought the dip. The BNB/USDT pair is poised to test $667, with a breakout potentially driving the price to $722 and eventually $810.
However, a break below the 50-day SMA could pull the pair to the uptrend line, indicating deeper consolidation before the next rally.
XRP Price Analysis (XRP)
XRP resumed its uptrend after breaking above $1.27 on Nov. 22. If momentum continues, the XRP/USDT pair could climb to $1.70, although the RSI indicates overbought conditions.
Support lies at $1.27. A break below this level could spark profit-booking, dragging the price toward $1.
Dogecoin Price Analysis (DOGE)
Dogecoin has consolidated between $0.34 and $0.44. A breakout above $0.44 could ignite a rally to $0.50 and $0.59 for the DOGE/USDT pair.
Bears must push the price below the 20-day EMA ($0.32) to signal a pullback. In that case, DOGE could retrace to $0.29 and later to $0.25, reflecting deeper corrections.
Cardano Price Analysis (ADA)
Cardano closed above $0.80 on Nov. 20, signaling the start of a new uptrend. ADA now targets the $1 psychological level, which could act as a strong resistance. A breakout above $1 could propel the ADA/USDT pair to $1.25.
If the price fails to sustain above $0.80, it may drop to the 20-day EMA ($0.63), signaling bearish strength.
Avalanche Price Analysis (AVAX)
Avalanche broke above its ascending channel’s resistance line on Nov. 22, suggesting bulls are in control. Sustaining above the resistance line could drive the AVAX/USDT pair to $42 and eventually $50.
However, if the price falls below the 20-day EMA, it could indicate a bull trap, pulling the pair back to the 50-day SMA ($28.71).
Shiba Inu Price Analysis (SHIB)
Shiba Inu rebounded from the 20-day EMA ($0.000023) on Nov. 21, indicating dip-buying by bulls. A breakout above $0.000026 could trigger a retest of $0.000029, forming a bullish inverted head-and-shoulders pattern.
Failure to hold above the 20-day EMA would signal bearish control, potentially dragging the SHIB/USDT pair to the SMA ($0.000020).
Toncoin Price Analysis (TON)
Toncoin turned up from its moving averages on Nov. 21, signaling bullish intent. The gradual slope of the 20-day EMA ($5.30) and positive RSI favor buyers, with the TON/USDT pair targeting $6. A breakout above this level could propel it to $7.
Bears need to pull the price below the moving averages to challenge the $4.72–$4.44 support zone.
Conclusion
Bitcoin’s push toward $100,000 is fueling bullish sentiment across the market, with major altcoins eyeing significant upside potential. However, caution is warranted as extreme greed signals the possibility of short-term corrections. Keep an eye on key support levels to gauge the sustainability of this rally.
