Price analysis 10/30: BTC, ETH, BNB and more
On October 30, Bitcoin bulls struggled to push prices to a new all-time high, indicating that they remain optimistic about future movements. Following a strong performance, Bitcoin's price hovered around the key support level of $70,000. Meanwhile, Ether maintained its upward trajectory within an ascending channel, aiming to break above its resistance line. BNB attempted to reach $635 but faced selling pressure, while Solana dropped to the 20-day EMA, a crucial support level. XRP encountered resistance at the 20-day EMA, suggesting continued selling in this range. Dogecoin surged past $0.15 and might reach $0.23 if current levels hold. Toncoin showed some potential for a relief rally, although it needs to break the 20-day EMA resistance. Cardano rebounded from $0.31 and could rise towards $0.40 with sustained buying pressure. Avalanche and Shiba Inu also experienced notable activity with Avalanche showing signs of potential recovery above moving averages, while Shiba Inu approached key resistance levels.
Source 🔗