Bitcoin is still oscillating! But 'these 4 coins' have extremely strong bullish signals.
Bitcoin faced a pullback after multiple attempts above 99,000 USD, and at one point this morning (25th) fell below 96,000 USD, indicating that short-term traders began to take profits as it approached the 100,000 USD mark.
Pullbacks are a part of every bull market phase. Novice traders may panic, but experienced traders see pullbacks as buying opportunities.
From a technical perspective, Bitcoin did not experience a 'significant pullback' after encountering resistance near 100,000 USD, with the important 20-day and 50-day moving averages still trending upward, while the Relative Strength Index (RSI) is also in the overbought zone, indicating further upward potential in the future.
Upadhyay predicts that if Bitcoin can officially break through and stand above 100,000 USD, it may accelerate to 113,331 USD, followed by reaching 125,000 USD.
If Bitcoin significantly pulls back, the first support level falls at the uptrend line, followed by the 20-day exponential moving average EMA (88,386 USD). If it can rebound at the 20-day EMA, it can restore the uptrend. However, if it approaches 85,000 USD to 100,000 USD, it may indicate a short-term top.
Source: Cointelegraph Bitcoin ($BTC) price trend analysis
Although Bitcoin is currently in a volatile pullback trend, funds are expected to flow into the altcoin market. Four cryptocurrencies showing strong bullish signals have been observed, providing short-term support and resistance level analysis for reference only, not as investment advice.
Binance Coin ($BNB) price trend analysis
Binance Coin ($BNB) broke through the 667 USD resistance level twice on November 23 and 24, but a long upper shadow appeared on the candlestick, indicating significant selling pressure at high levels.
From the daily perspective, the 20-day EMA (619 USD) is the key support in the short term. If it can rebound from the 20-day EMA, the bulls will try to challenge the 722 USD high again. This level may again become strong resistance, but if it breaks through, it is expected to rise to a new high of 810 USD.
If the bears want to stop the rise, they must quickly pull the price below the 20-day EMA. If it breaks below this moving average, it indicates that the market has rejected the breakout and may further drop to the uptrend line.
g source: Cointelegraph Binance Coin ($BNB) price trend analysis
Avalanche ($AVAX) price trend analysis
Avalanche ($AVAX) broke through the resistance line of the ascending channel pattern on November 22, but is facing selling pressure at higher levels.
From the daily perspective, $AVAX may retest the breakout level above the ascending channel. If it strongly rebounds from the resistance line, it will indicate that this breakout level has turned into a support level, and then it may further challenge the 50 USD high.
However, if $AVAX breaks below the resistance line, it indicates that the bulls are losing control, and it may subsequently drop to the 20-day EMA (34.34 USD), where this level is expected to attract buyers again.
g source: Cointelegraph Avalanche ($AVAX) price trend analysis
NEAR Protocol ($NEAR) price trend analysis
NEAR Protocol ($NEAR) broke through the resistance level of 6.50 USD on November 24, but the bulls could not maintain the breakout.
From the daily perspective, $NEAR may drop to the 20-day EMA (5.48 USD) as a short-term key support. If it can strongly rebound from the 20-day EMA, it is expected to challenge 8.58 USD, then reach 9.01 USD.
However, if $NEAR falls below and closes daily below the 20-day EMA, it indicates that the breakout of 6.50 USD may be a bull trap, potentially leading to a sharp drop to the 50-day moving average (4.86 USD), continuing to consolidate within a range of 3.42 to 6.50 USD for some time.
Source: Cointelegraph NEAR Protocol ($NEAR) price trend analysis
OKB ($OKB) price trend analysis
OKB ($OKB) has been attempting to change the trend with a series of higher highs and higher lows.
On November 23, $OKB accelerated its rise after breaking through 48 USD, paving the way to reach 62 USD and 68 USD highs.
From the daily perspective, it is expected that 48 USD will become support during the pullback. If it can rebound from 48 USD, it indicates that market sentiment remains positive, and traders are buying on dips.
However, if $OKB falls below the 48 USD support during the pullback, it may drop to the 20-day EMA (44.79 USD). The deeper the drop, the longer the time required for recovery.
Source: Cointelegraph OKB ($OKB) price analysis
