Price analysis 11/27: BTC, ETH, SOL, BNB, XRP, DOGE, ADA, AVAX, TON, SHIB

Bitcoin’s (BTC) pullback found support at $90,791 on Nov. 26, and the bulls pushed the price back above $96,000 on Nov. 27. BTC Markets head of finance and crypto analyst Charlie Sherry told Cointelegraph that the dip to $92,600 “could be the ‘last flush’ before Bitcoin finally crosses $100K.” 

However, some analysts are not confident that Bitcoin will break above $100,000 in a hurry. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin could “correct as much as 30% before it reaches its cyclical top.”

Corrections in a strong uptrend are a healthy occurrence as they reduce the excessive exuberance of the speculators. Bitcoin’s recent drop does not signal a short-term top yet, but traders need to be watchful of a strong rejection near $100,000 once again. 

Could Bitcoin pierce the $100,000 resistance, or will higher levels attract strong selling by the bears? How are the altcoins likely to behave? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price analysis

Bitcoin fell below the uptrend line on Nov. 26, but the bulls held the 20-day exponential moving average ($89,857) support.

The bulls pushed the price back above the uptrend line on Nov. 27, indicating solid buying at lower levels. If the price maintains above the uptrend line, the BTC/USDT pair could rally to the psychologically critical level of $100,000. Sellers are expected to fiercely defend this level, but if the bulls prevail, the pair may soar to $113,331 and then to $125,000.

This optimistic view will be negated in the near term if the price turns down sharply and plunges below the 20-day EMA. The pair may then descend to $85,000, which is expected to attract buyers. 

Ether price analysis

Ether’s (ETH) consolidation resolved to the upside with a break above the downtrend line, signaling a potential trend change.

If buyers maintain the price above the downtrend line, the ETH/USDT pair could surge to $3,900 and later to $4,094. Sellers are expected to fiercely defend the $3,900 to $4,094 resistance zone.

If the price fails to sustain above the downtrend line, it will signal that bears remain sellers on rallies. The pair may drop to the 20-day EMA ($3,191), which is an important support to watch out for. If this support gives way, the pair may plummet to $3,000.

Solana price analysis

Solana (SOL) bulls successfully held the dip to the 20-day EMA ($227) on Nov. 26, indicating a positive sentiment.

If the price rises above $240, the bulls will again attempt to drive the SOL/USDT pair to the overhead resistance of $264. This is a critical level for the bears to guard because a break and close above it may thrust the pair toward $300.

Instead, if the price turns down and breaks below the 20-day EMA, it will suggest that the bulls are rushing to the exit. That may sink the pair to the breakout level of $210, which is expected to behave as a strong support.

BNB price analysis

BNB (BNB) pulled back to the 50-day SMA ($601) on Nov. 26, but a positive sign is that the bulls held the level.

The 20-day EMA ($620) is flattening out and the RSI is just above the midpoint, indicating a balance between supply and demand. This balance will tilt in favor of the bears if they sink the BNB/USDT pair below the 50-day SMA. The pair may then decline to the uptrend line, which is likely to act as a strong support.

A close above $635 suggests that the bulls remain in control. The pair could rise to $667 and later to $687. A break and close above $687 could push the pair to $722.

XRP price analysis

XRP (XRP) turned up sharply from $1.28 on Nov. 26, indicating that the bulls are trying to form a higher low.

The bulls will try to push the price above $1.50 and challenge the overhead hurdle at $1.63. If buyers overcome the resistance, the XRP/USDT pair could accelerate toward $1.76 and then $1.97.

The $1.27 level is the crucial support to watch out for on the downside. A break and close below $1.27 could sink the pair to the 20-day EMA ($1.10), which is expected to attract solid buying by the bulls.

Dogecoin price analysis

Dogecoin (DOGE) pulled back to the 20-day EMA ($0.35) on Nov. 26, indicating profit-booking by short-term traders.

A strong rebound off the 20-day EMA will suggest a positive sentiment. The bulls will again try to push the DOGE/USDT pair above $0.44. If they do that, the pair could surge to $0.50 and later to $0.59.

Contrarily, a break and close below the 20-day EMA will suggest the start of a deeper correction. The pair may plunge to $0.33 and later to $0.30. Such a move will signal that the pair may have topped out in the short term. 

Cardano price analysis

Cardano’s (ADA) pullback found support at the 61.8% Fibonacci retracement level of $0.86, indicating buying on dips.

The ADA/USDT pair rose above $1 on Nov. 27, but the rally is expected to face resistance near the $1.15 level. If the price turns down sharply from $1.15, it will suggest a range-bound action in the near term. The pair may swing between $0.86 and $1.15 for some time.

The next leg of the uptrend will begin on a break and close above $1.15. The pair may then climb to $1.25. Contrarily, a break below the $0.86 support increases the risk of a drop to the breakout level of $0.80. 

Related: Why is XRP price up today?

Avalanche price analysis

The bulls purchased the dip to the resistance line on Nov. 26 but are finding it difficult to push Avalanche (AVAX) above $45.

However, the upsloping 20-day EMA ($36.64) and the RSI in the overbought zone indicate the path of least resistance is to the upside. If buyers propel and maintain the price above $45, the ADA/USDT pair could rally to $50 and subsequently to $60.

The 20-day EMA is the crucial support to watch out for on the downside. If the price turns down and breaks below the 20-day EMA, it will signal that the markets have rejected the breakout. The pair may descend to the 50-day SMA ($30.38).

Toncoin price analysis

Toncoin (TON) bounced off the 20-day EMA ($5.66) on Nov. 26, indicating a change in sentiment from selling on rallies to buying on dips.

The upsloping 20-day EMA and the RSI near the overbought territory indicate that the bulls are in control. If buyers drive the price above $6.60, the TON/USDT pair could rally to $7 and later to $8.29.

If bears want to prevent the upside, they will have to swiftly pull the price below the moving averages. If they do that, the pair could slump to the critical support zone between $4.72 and $4.44.  

Shiba Inu price analysis

Shiba Inu (SHIB) has been trading between the 20-day EMA ($0.000024) and the overhead resistance of $0.000029 for the past few days.

The strong bounce off the 20-day EMA on Nov. 27 suggests that the bulls continue to defend the level. Buyers will try to push the price toward $0.000030, a crucial resistance to watch out for. A break and close above $0.000030 will complete an inverted head-and-shoulders pattern.

Conversely, a break and close below the 20-day EMA suggests that the bulls have given up. The SHIB/USDT pair could descend to $0.000022 and then to the formidable support at $0.000020.