Shiba Inu [SHIB] has issued strong bullish signals, recently breaking through the descending wedge pattern on the daily chart. This breakout indicates that SHIB's momentum may be changing as it moves towards higher levels.
As of the time of writing, SHIB is trading at approximately $0.00001735, having increased by 3.21% in the past 24 hours.
The direct resistance level currently faced by the token is $0.00001911, while a more challenging resistance level is $0.00002869. Therefore, a successful breakout could confirm sustained bullish momentum.
Can Shiba Inu overcome these key resistances and reignite broader market interest?

Cryptocurrency exchange giant Binance made a major announcement on Tuesday regarding meme tokens POPCAT and MEW (Cat in a Dogs World). The exchange essentially revealed that it is adding perpetual contracts for the aforementioned meme tokens to its futures copy trading platform. Given the release of this new enhanced product by a leading exchange, market observers are speculating whether the Solana meme token can continue to rise.
Binance boosts supply of POPCAT and MEW, fueling optimism
In an official Binance announcement on Nov. 5, the cryptocurrency exchange revealed that it will add POPCAT and MEW USD-margined perpetual contracts to the futures copy trading segment today at 09:00 UTC. According to the announcement, users can now trade POPCATUSDT and MEWUSDT on the copy trading platform.

As the U.S. prepares to elect its next president, the momentum for Dogecoin's price increase has resumed. With strong community support and growing mainstream acceptance, Dogecoin is uniquely positioned to benefit from the increasing attention and political market changes triggered by the U.S. elections.

Why did the price of Dogecoin increase today?
The price of DOGE has risen by 10.9%, making it one of the best-performing crypto assets among the top 100 cryptocurrencies by market capitalization. Dogecoin's trading price is $0.1676, and the recent price increase may be attributed to the upcoming U.S. elections, which will start in about 4 hours (02:40 AM EST).

Dogecoin has achieved another historic milestone, with Dogecoin whales recording their largest week of accumulation since January 2024. Over 2.1 billion DOGE tokens were purchased during this period, highlighting the resurgent interest and confidence of well-known large investors in the doggie-themed meme coin.
Dogecoin whales set new accumulation record
Dogecoin whales have shown a clear accumulation trend over the past week, purchasing more Dogecoin than at any time earlier this year, when positive sentiment toward the meme coin was high. Data from IntoTheBlock shows that many addresses holding large amounts of Dogecoin have accumulated more than 2.1 billion in the last week alone.

On Tuesday, November 5, the Ethereum price rose by 1.22%, but will it continue to rebound or fall lower? The upcoming U.S. elections will play a key role in increasing market volatility, but the short-term outlook remains uncertain. Regardless, let’s explore whether ETH has already hit bottom and will rebound or slide further, continuing its sluggish performance into 2024.
Analysts are pondering whether the Ethereum price will rebound.
Prominent analyst IncomeSharks posted on the social media platform X about how the OBV or On-Balance Volume indicator shows a consistent upward trend. This outlook is promising, aligning with the super trend indicator that has been supporting ETH since October. If this trend continues, the Ethereum price may rebound from the bottom, reversing the current downtrend.

BTC faces critical support level
Bitcoin has struggled to break through its all-time high of $73,700, which was set in March after the approval of an exchange-traded fund (ETF) to invest in the cryptocurrency. Despite multiple attempts to break through this mark, Bitcoin has faced resistance, leading to the current price correction.
Failure to sustain above $68,000 could see it revisit the $66,600 support level, with further declines likely to drop to $63,000 – an important threshold in the near term.

Cartwright, an independent commercial and professional pension scheme adviser, has urged UK institutional investors to embrace Bitcoin following the UK’s first allocation to a defined benefit (DB) scheme.
Cartwright's New Allocation Strategy
Cartwright, who specializes in defined benefit and hybrid pension plans, stressed the importance of incorporating Bitcoin into retirement planning in his statement.
The firm recently advised on its first 3% Bitcoin program, which is aligned with its long-term investment strategy while prioritizing “robust risk allocation management” at both the asset and program levels.

#美国大选后涨或跌？ $SOL
After struggling around the exchange rate of $175, SOL's price begins a new round of decline.

The current price is below $170 and the 100-hour simple moving average.
A key bearish trend line has formed on the hourly chart of the SOL/USD pair, with resistance at $162 (data source: Kraken).
If the currency pair stays above the support levels of $155 and $150, it may begin to rise significantly.
Solana's price continues the downtrend
Solana's price struggles to break through the resistance level of $180 and begins a new round of decline like Bitcoin and Ethereum. It breaks below the support levels of $175 and $172.

The Bitcoin price is struggling below the $69,500 area. BTC is showing signs of weakness, and the upside potential may be limited around $69,200.
Bitcoin has started to drop again from the $70,000 area.
The price is below $70,000 and the 100-hour simple moving average.
On the hourly chart of the BTC/USD pair, a new connecting bearish trend line has formed, with resistance at $68,400 (data from Kraken).
The currency pair may struggle to break through the $69,200 resistance area.
Bitcoin price faces obstacles
The Bitcoin price failed to initiate a new upward move, breaking below the $70,500 area, falling below the support levels of $70,000 and $69,200.

Dogecoin (DOGE) has recently become the best-performing currency among major cryptocurrencies for the week, rising nearly 6% in just one week.
The performance of meme coins has been particularly prominent, especially as other market assets have underperformed. In fact, most large-cap assets, including Bitcoin (BTC) and Ethereum (ETH), had smaller weekly gains of 2.22% and 0.34%, respectively.

In the current market environment, the rise of Dogecoin is particularly significant as it indicates a rekindled interest in memecoins and community-driven tokens, which often benefit from social media hype and online communities.

After hitting an all-time high [ATH] at $73,600, Bitcoin [BTC] started going downhill. In fact, it dropped to a low of $67,459 on November 3.
However, does this drop signal the return of a bear market or is it just a short-term correction?
Why is Bitcoin falling?
To answer this question, AMBCrypto took a closer look at BTC’s historical data and found that price drops may actually be the latter. For example, back in 2016, the cryptocurrency lost 10% of its value just days before the election.
Likewise, Bitcoin has lost 6.2% of its value in 2020. BTC’s ongoing decline appears to mirror past patterns, with Bitcoin now down more than 8% in value since the aforementioned highs.

After rising over 100% in two months, Dogecoin hit a seven-month high earlier this week and then retraced. This has brought significant declines and weakness to the market, but it still looks bullish.
Last month's trading was quite interesting for the bulls, as Doge achieved its largest monthly gain since March. After reaching a high of $0.18, the leading meme token lost momentum and ended the month on a weak note.
This led to a bearish opening this month, with prices dropping to a daily low of $0.142. While these declines appear more like a correction, we can expect the price to rebound. Despite the downturn, it still maintains a 3% weekly gain.