Bitcoin successfully reclaimed the $91,000 mark, jumping more than 4% yesterday as traders bet on the post-election rally to continue. The flagship asset had earlier retreated to $87,000 amid increased profit-taking pressure. However, the bulls made a strong comeback later, successfully pulling the price back to around $91,400 at the time of writing.
Mantra (OM) price is on a strong uptrend, recently hitting a new all-time high and gaining nearly 20% over the past week. This increase has been supported by strengthening technical indicators, showing strong momentum and a clear uptrend. The combination of bullish EMA alignment and favorable metrics like ADX and Ichimoku Cloud suggest that the upside momentum could extend further, with the potential for new highs in the coming days. However, if the uptrend loses momentum, OM could test key support zones that will determine the sustainability of its recent gains.
Elon Musk Names Microsoft in OpenAI Lawsuit, Reveals 2018 ICO Was Rejected
Elon Musk names Microsoft and other defendants in ongoing lawsuit against OpenAI. In court documents, Musk claims that OpenAI sought to launch a cryptocurrency in 2018, but he declined. OpenAI representatives have posted years of correspondence with Musk, citing his full knowledge of their struggles to fund massively capital-intensive research.
Crypto Whales Bought These Altcoins in the Second Week of November 2024
The second week of November 2024 saw a surge in crypto whale activity, with large-scale investors strategically accumulating key altcoins amid improving market conditions. As the crypto market experiences high volatility, these significant transactions could indicate a change in sentiment or predict better price performance.
Top 3 Artificial Intelligence (AI) Coins in the Second Week of November 2024
There has been an undeniable drop in the broader market over the past few days. However, some AI-focused tokens have managed to post gains despite the downturn. In this analysis, BeInCrypto highlights three AI coins with significant price growth. AIOZ Network AIOZ, the native token of the AIOZ Network — a decentralized platform that leverages a global network of nodes to deliver content — has seen a 45.63% price increase over the past seven days. It’s one of the AI tokens to watch this week. As of this writing, it’s trading at $0.75.
Gary Gensler Claims SEC Helped Crypto, Takes Credit for Bitcoin ETF and May Resign After Holidays
Gary Gensler, Chairman of the United States Securities and Exchange Commission (SEC), gave a speech on November 14 where he called on crypto exchanges to register and urged those selling securities to disclose their positions appropriately. Additionally, Gensler also clarified the SEC's stance on cryptocurrency regulation, clearly distinguishing between Bitcoin and altcoins, asserting that the agency does not consider Bitcoin to be a security.
Avalanche (AVAX) price continues to decline towards the 20-day EMA ($29.31), suggesting that the price might be stuck in an ascending channel for some time.
AVAX/USDT Daily Chart | Source: TradingView If the price bounces sharply from the 20-day EMA, the AVAX/USDT pair could again attempt to rise towards the channel resistance line. A breakout and close above the channel would signal the start of a new uptrend, aiming at $42 and then $50.
The bulls have kept Toncoin (TON) price above the moving averages but are struggling to initiate a strong recovery.
TON/USDT Daily Chart | Source: TradingView If the price rises from the current level and breaks above $5, it will indicate that the bulls are trying to make a comeback. The TON/USDT pair could rise to $6, which is an important level to watch. If buyers overcome this barrier, the price could rise to $7.
Shiba Inu (SHIB) price has corrected to the 20-day EMA ($0.000021), a key level to watch.
SHIB/USDT Daily Chart | Source: TradingView If the price bounces off the 20-day EMA, the bulls will again attempt to push the SHIB/USDT pair above $0.000029. If successful, the pair will complete a large inverse head and shoulders pattern, taking the price to $0.000039 and then to the pattern target at $0.000047. However, this bullish scenario would be invalidated if the price continues to decline and breaks below the moving averages.
Cardano (ADA) price increased from $0.52 on November 13, showing that investors are actively buying on slight dips.
ADA/USDT Daily Chart | Source: TradingView Buyers pushed the price above the $0.66 resistance on November 15 but are struggling to sustain higher levels. This shows that bears have not given up and are selling on rallies. If the price fails to close above $0.66, the price could drop to $0.60.
XRP broke out of a large range between $0.41 and $0.74 on November 14, signaling the start of a new uptrend.
XRP/USDT daily chart | Source: TradingView The sharp rally has pushed the RSI (Relative Strength Index) into overbought territory, suggesting that the XRP/USD pair is at risk of a correction or consolidation in the short term. A break of $0.74 remains a key level to watch in the near term. If buyers turn this level into support, the pair could rally to $1.07.
Dogecoin (DOGE) pullback is finding support near the 38.2% Fibonacci retracement level at $0.32.
DOGE/USDT Daily Chart | Source: TradingView The shallow pullback suggests that bulls are in no hurry to book profits as they expect the uptrend to continue. If investors push the price above $0.44, the DOGE/USDT pair could rally to $0.50 and then $0.59. If the bears want to stall the rally, they will need to pull the price below $0.35. This could start a decline to $0.32 and then the 50% Fibonacci retracement level at $0.29. Such a move would suggest that the pair has formed a short-term top at $0.44.
BNB is finding support at the 20-day EMA ($604), which shows that the bulls are buying on dips.
BNB/USDT Daily Chart | Source: TradingView The bulls will need to push the price above the $667 resistance to signal the start of a new rally. The BNB/USDT pair could rise to $722, which is also expected to be a solid resistance. However, if the bulls break through this level, the price could surge to $810.
Solana (SOL) remains above the $210 breakout level, suggesting that bulls are attempting to turn this level into support.
SOL/USDT Daily Chart | Source: TradingView Investors will need to push the price above $225 to start the next leg up. The SOL/USDT pair could rise to $260, which is expected to be a strong resistance level. If the bulls break through this level, the price could rise to $304. Conversely, if the price reverses and breaks below the 20-day EMA ($192), it will indicate that the market has rejected the breakout. The pair could drop to the 50-day SMA ($167).
Ether (ETH) pullback has hit the 38.2% Fib retracement level at $3,028, which could be an attractive support level for investors.
ETH/USDT Daily Chart | Source: TradingView If the price reverses from this level, the bulls will attempt to break above the overhead resistance at the downtrend line. If successful, the ETH/USDT pair could rally to $3,800 and then $4,084. Conversely, if the price breaks below $3,028, it will suggest that the bears are still in control of the selling pressure. The pair could drop to the 20-day EMA ($2,887), where it could attract buyers.
On November 14 and 15, Bitcoin formed an inside-day candlestick pattern, indicating indecision between bulls and bears.
BTC/USDT Daily Chart | Source: TradingView The upward sloping moving averages and the relative strength index (RSI) in the overbought zone suggest that the bulls have the upper hand. If the price breaks and closes above $93,265, the next leg of the rally could begin and head towards the crucial $100,000 level. The bears will attempt to stall the rally at $100,000, but if the bulls prevail, the uptrend could extend to $113,331.
Chiliz is currently facing the midline of the descending channel on a weekly chart A break above could push price towards targets at $0.085, $0.120, $0.165, and $0.340
IRIS has bounced off the support zone and broken above the trendline. The retest is complete, and it has also broken above the MA50 on the 3-day chart. Targets are: $0.01901 $0.02346 $0.02706 $0.03066 $0.03578
BOME is been stuck between the consolidation range and now rejecting from the resistance area of $0.010 - $0.011. Well, price looks like going to drop a little and need to wait for the breakout of the zone. Take the long or short as per the breakout and ride the move.
Price is currently testing the resistance area, making it a no-trade zone. It is better to wait for a while before making new entries. A break and close above the resistance will lead to a strong rally. Resistance Area: $1.28-$1.38