Rating

Despite the long-term accumulation efforts of corporate treasuries, the broader crypto market on November 24th remained subdued and fragile, with Bitcoin (BTC) trading near $86,000 following its worst weekly loss since 2022.

The cryptocurrency market has shown a strong recovery today, with Bitcoin (BTC) and Ethereum (ETH) shrugging off recent volatility.

The worst performing altcoins have fallen below the moving average lines. This decline accelerated while in the bearish trend zone.

The price of Shiba Inu (SHIB) has fallen below the moving average lines but is holding above the $0.00002000 level.

The price of Ethereum (ETH) peaked at a resistance level of $3,944 on May 23. There was a price battle between bulls and bears as the price approached the $3,944 resistance level and the $3,730 break-level support.

The price of the Binance coin (BNB) is currently in a turbulent phase in which the price movement remains constant. There are no discernible support or resistance levels.

The price of Dogecoin (DOGE) has been rejected twice by the 50-day SMA but has finally crossed above the moving averages. Price analysis by Coinidol.com.

The price of Bitcoin (BTC) rose above the 21- and 50-day SMA resistance levels for the first time on May 15, 2024.

The price of Dogecoin (DOGE) is trapped between the moving average lines as buyers have failed to sustain the upside momentum above these lines.