Price analysis 11/1: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
On November 1, Bitcoin dropped below $69,000 but quickly rebounded above $70,000 due to strong buying interest. The price action shows a Doji candlestick pattern, indicating indecision, as it approaches its all-time high of $73,777. Ethereum fell below its 50-day SMA, currently finding support near the uptrend line, while BNB also bounced back above significant moving averages. Solana successfully held its breakout level, indicating bullish momentum. XRP traded below the moving averages yet demonstrated resilience near the $0.46 support. Dogecoin saw profit-taking after failing to break $0.18 but maintained support at $0.15. Toncoin faced critical support around $4.44 to $4.72. Cardano demonstrated a lack of bullish strength, potentially oscillating in a range, while Avalanche breached its symmetrical triangle, favoring sellers. Shiba Inu encountered resistance at $0.000020 and crucial support at the 50-day SMA, suggesting a range-bound phase ahead.
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