Price analysis 11/15: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, SHIB, LUNA
Bitcoin and large-cap altcoins are meeting strong overhead resistance, which could be a signal that bears are attempting to stall the next upward move.
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Bitcoin and large-cap altcoins are meeting strong overhead resistance, which could be a signal that bears are attempting to stall the next upward move.
BTC price is sliding closer to the $62,000 support, while UMA, WINk, KP3R and many other altcoins are shifting higher.
The launch of live in-game NFTs and a rapidly expanding ecosystem boosted the price of CHZ and showcased the project’s strong fundamentals.
From a bird’s-eye-view, BTC is still in an uptrend and a bounce off the $62,000 support could provide the signal for LTC, LINK, VET and AXS to move higher.
Some analysts point to Binance's pause on DOGE withdrawals as the catalyst for the altcoin's pullback, but data suggests overheated derivatives markets may have been a factor.
Bearish pressures mount against Bitcoin price and this could lead to sharp short-term pullbacks in the prices of many altcoins.
The SEC’s rejection of VanEck's spot Bitcoin ETF application may have influenced Nov. 12’s drop to $62,000, but most traders view the correction as a buying opportunity.
Data shows that a spike in Twitter mentions preceded massive price rallies in at least five altcoins.