 Price analysis 11/15: BTC, ETH, SOL, BNB, DOGE, XRP, ADA, SHIB, TON, AVAX 
2024-11-16

Bitcoin BTCUSD bulls took a small break on Nov. 14 but resumed their purchases on Nov. 15, pushing the price near $89,500. MicroStrategy founder and Bitcoin bull Michael Saylor told CNBC that Bitcoin is unlikely to plunge to $60,000 as some analysts are predicting. He expects Bitcoin to hit $100,000 before the end of the year.
VanEck head of digital assets research Matthew Sigel also echoed a bullish view when he told CNBC that Bitcoin could “make repeated all-time highs over the next two quarters,” He expects Bitcoin to reach $180,000 next year.
However, no bull market goes up in a straight line. Strong rallies are followed by sharp intermittent dips, which shake out the weak hands.
Real Vision chief crypto analyst Jamie Coutts said in a post on X that the strength of the United States dollar is not good for Bitcoin. He remains bullish in the long term but cautious in the short term.
Could Bitcoin reach $100,000, or will a correction set in? Are the altcoins showing signs of tiring out? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price analysis
Bitcoin formed an inside-day candlestick pattern on Nov. 14 and again on Nov. 15, indicating indecision between the bulls and the bears.
The upsloping moving averages and the relative strength index (RSI) in the overbought territory signal advantage to buyers. A break and close above $93,265 could start the next leg of the uptrend to the crucial level of $100,000. The bears will try to halt the up move at $100,000, but the rally could extend to $113,331 if the bulls prevail.
Contrarily, if the price turns down and breaks below $85,000, the BTCUSDT pair may witness sharp selling. That could sink the pair to the 20-day exponential moving average ($78,496).
Ether price analysis
Ether’s (ETH) pullback has reached the 38.2% Fibonacci retracement level of $3,028, which is likely to attract buyers.
If the price turns up from the current level, the bulls will make one more attempt to clear the overhead hurdle at the downtrend line. If they can pull it off, the ETHUSDT pair could surge to $3,800 and later to $4,084.
On the contrary, a break below $3,028 will suggest that the bears are maintaining their selling pressure. The pair may drop to the 20-day EMA ($2,887), which is again likely to attract buyers.
Solana price analysis
Solana (SOL) has been sustaining above the breakout level of $210, indicating that the bulls are trying to flip the level into support.
Buyers will have to push the price above $225 to start the up move. The SOLUSDT pair could rally to $260, which is expected to act as a formidable hurdle. Buyers will have to overcome this obstacle to clear the path for a rise to $304.
Contrary to this assumption, if the price turns down and breaks below the 20-day EMA ($192), it will suggest that the markets have rejected the breakout. The pair could then tumble to the 50-day SMA ($167).
BNB price analysis
BNB (BNB) is finding support at the 20-day EMA ($604), indicating that the bulls are buying on dips.
The bulls will have to propel the price above the overhead resistance of $667 to signal the start of a new up move. The BNBUSDT pair could rally to $722, which is again expected to behave as a solid resistance. However, if buyers overcome this barrier, the pair may soar to $810.
Instead, if the price continues lower and breaks below the moving averages, it will suggest that the bullish momentum has weakened. The pair may then slump to the uptrend line.
Dogecoin price analysis
Dogecoin’s (DOGE) pullback is finding support near the 38.2% Fibonacci retracement level of $0.32.
A shallow pullback suggests that the bulls are not hurrying to book profits as they anticipate the uptrend to continue. If buyers propel the price above $0.44, the DOGEUSDT pair could climb to $0.50 and thereafter to $0.59.
If sellers want to prevent the upside, they will have to tug the price below $0.35. That could start a decline to $0.32 and later to the 50% retracement level of $0.29. Such a move will suggest that the pair has formed a short-term top at $0.44.
XRP price analysis
XRP (XRP) broke out of the large $0.41 to $0.74 range on Nov. 14, indicating the start of a new uptrend.
The sharp rally has pushed the RSI deep into the overbought territory, indicating that the XRPUSD pair is at risk of a short-term correction or consolidation. The breakout level of $0.74 remains the key short-term level to keep an eye on. If buyers flip the level into support, the pair may surge to $1.07.
Conversely, a break and close below $0.74 will suggest that the markets have rejected the breakout. The pair may collapse to the solid support at $0.64.
Cardano price analysis
Cardano (ADA) turned up from $0.52 on Nov. 13, indicating aggressive buying on every minor dip.
The bulls pushed the price above the $0.66 resistance on Nov. 15 but are struggling to maintain the higher levels. This suggests that the bears have not given up and are selling on rallies. The failure to close above $0.66 may pull the price down to $0.60.
On the other hand, a close above $0.66 will signal the resumption of the uptrend. The ADAUSDT pair could rally to $0.77, where the bears are again expected to mount a strong defense.
Shiba Inu price analysis
Shiba Inu (SHIB) has pulled back to the 20-day EMA ($0.000021), an important level to watch out for.
If the price rebounds off the 20-day EMA, the bulls will again attempt to drive the SHIBUSDT pair above $0.000029. If they succeed, the pair will complete a large bullish inverse head-and-shoulders pattern. The pair may rise to $0.000039 and then to the pattern target of $0.000047.
This positive view will be invalidated in the near term if the price continues lower and plummets below the moving averages. 
Toncoin price analysis
The bulls have managed to keep Toncoin (TON) above the moving averages but are struggling to start a strong rebound.
If the price turns up from the current level and rises above $5, it will signal that the bulls are trying to make a comeback. The TONUSDT pair could rally to $6, which is a crucial level to watch out for. If buyers overcome this barrier, the pair could surge to $7.
Alternatively, if the price skids below the moving averages, it will indicate that the bears are maintaining their pressure. The bulls will have to defend the $4.44 level with all their might because a break below it will complete a bearish H&S pattern. That may start a down move to $3.50.
Avalanche price analysis
Avalanche (AVAX) continues to slide toward the 20-day EMA ($29.31), indicating that the price may remain stuck inside the ascending channel for some time.
If the price rebounds off the 20-day EMA with strength, the AVAXUSDT pair may again try to rise toward the resistance line. A break and close above the channel will signal the start of a new up move toward $42 and then $50.
Contrarily, if the price continues lower and breaks below the moving averages, it will suggest that the bears are trying to take charge. The pair may slump toward the support line of the channel.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.