The crypto market is on fire after Donald Trumpās election win, with Bitcoin setting a new all-time high above $75,000, hinting at the beginning of the next bullish leg. Letās break down the latest action and key levels for the top cryptocurrencies.
š„ Bitcoin (BTC) Powers to New Heights
ā¢ Current Price: $74,413
ā¢ All-Time High: $75,407 (Nov. 6)
ā¢ Key Resistance: Holding above $73,777 signals a potential path toward $93,554.
ā¢ Key Support: Bears must drag BTC below the 20-day EMA ($68,808) to slow momentum.
Bulls are pushing hard, making a solid case for further upside. If Bitcoin sustains above $73,777, the path could open toward the $90,000+ range.
š„ Ethereum (ETH) Attempts a Comeback
ā¢ Current Price: $2,647.52
ā¢ Immediate Resistance: $2,850
ā¢ Support: Critical line at $2,300
Ethereum is battling back after dipping below the support line. Bulls are eyeing $2,850, but if rejected, ETH might settle into a prolonged consolidation, with bears targeting $2,300 as the key support level.
šø Solana (SOL) Rebounds Strongly
ā¢ Current Price: $185.67
ā¢ Resistance Levels: $189, then $210
ā¢ Key Support: Below $183, bears could extend its range.
Solanaās bullish momentum has it testing the $183-$189 range, and if it breaks past $210, a rally to $260 may be next. Traders should watch for a dip below $189 as a caution signal.
š”ļø Binance Coin (BNB) Holds Steady
ā¢ Current Price: $583.86
ā¢ Upside Target: $635, then $722
ā¢ Support Level: The uptrend line below could trigger a range-bound phase.
BNB is stabilizing above key moving averages, setting its sights on $635. Breaking above could send it toward $722, but failure to hold could see a pullback toward $460.
š XRP Finds Relief in the Rally
ā¢ Current Price: $0.5319
ā¢ Resistance Level: $0.64
ā¢ Support Level: Holding above $0.50 signals recovery.
After rebounding from the $0.50 support, XRP could head toward $0.64, where sellers may re-enter. Bears need a break below $0.50 to regain momentum.
š Dogecoin (DOGE) Surges with Trump Win
ā¢ Current Price: $0.1927
ā¢ Resistance Levels: $0.22, then $0.30
ā¢ Support Level: $0.18 is the critical breakout level.
Dogecoin saw a strong move above $0.18 and is now testing resistance at $0.22. If bulls push through, DOGE could rally to $0.30. However, any drop below $0.18 might delay further upside, pulling it back to the 20-day EMA near $0.15.
š Toncoin (TON) Eyes a Relief Rally
ā¢ Current Price: $4.69
ā¢ Resistance Levels: 20-day EMA at $4.94, then 50-day SMA at $5.26
ā¢ Support Range: $4.44 to $4.72
Toncoin is seeing buying support within $4.44 to $4.72. A push past the moving averages could see a rally toward $6, but failure to hold could trigger a drop below $4.44, forming a bearish head-and-shoulders pattern, with $3.50 as the next support.
š· Cardano (ADA) Stays in Range
ā¢ Current Price: $0.3541
ā¢ Resistance Level: $0.40, then $0.45
ā¢ Support Level: Holds strong at $0.31.
Cardano continues to oscillate between $0.31 and $0.40, signaling buy-the-dip and sell-the-rally moves. A push above $0.40 could drive ADA toward $0.49, while a pullback from current levels could keep it range-bound.
š¶ Shiba Inu (SHIB) Poised for Breakout
ā¢ Current Price: $0.00001847
ā¢ Resistance Level: $0.000020
ā¢ Support Level: $0.000016
SHIB is challenging overhead resistance at $0.000020, a critical level that could set off an inverted H&S pattern with a target of $0.000026. However, a drop below $0.000016 could trap it within a $0.000013-$0.000020 range.
š Avalanche (AVAX) Bounces Off Key Support
ā¢ Current Price: $26.30
ā¢ Resistance Level: $33, then $37.50
ā¢ Support Level: Holding above $22.35 indicates a strong base.
Avalancheās rebound from $22.35 has pushed it above the 20-day EMA, hinting at a possible move toward $33. Should the bears reclaim control and drag it below $22.35, AVAX might revisit $20.50.
š„ CONCLUSION: Crypto Bulls Reign, But Watch Key Levels
The crypto market is riding a bullish wave on Trumpās pro-crypto stance, with major coins like BTC, ETH, and SOL showing significant strength. However, with increased volatility, traders should watch for whipsaws. Keep an eye on critical support and resistance levels to navigate this high-stakes environment ā the next big move could bring significant gains or sharp reversals!
