Price predictions 11/26: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, BCH, LINK

Summary:

Bitcoin continues to struggle around the $89,000 mark, with indications of a possible rally towards $93,500. Major altcoins are showing signs of recovery but are anticipated to face resistance at higher levels.

Key Takeaways:

Bitcoin is encountering selling pressure near $89,000; however, it remains resilient, with the potential to reach $93,500.
Altcoins are recovering, but they are likely to meet resistance as prices rise.
Support and resistance levels are crucial for Bitcoin and key altcoins as traders watch market trends.

Bitcoin is seeing selling activity close to $89,000, but the bulls are holding their ground, which hints at a possible rally towards $93,500. The recovery momentum for Bitcoin is slowing down as bears look to keep prices below the critical $88,000 level. Veteran trader Peter Brandt mentioned on X that this current recovery in Bitcoin might be a "dead cat bounce," indicating a temporary uptick that may not last.

On a more optimistic note, network economist Timothy Peterson shared on X that, according to an AI-based prediction tool, Bitcoin has only a 15% chance of closing below $84,500 by the year's end, while it's less than 50% likely it will reclaim $100,000 by December 31.

Crypto market data daily view. Source: TradingView

Another positive outlook comes from Augustine Fan, head of insights at SignalPlus. He told Cointelegraph that BTC may have formed “local lows for now” and expects Bitcoin to fluctuate between $82,000 and $92,000. A significant downside could occur if the price sustains below $78,000.

Bitcoin Price Forecast

Bitcoin's recovery is expected to encounter resistance at the 20-day exponential moving average (EMA) of $93,431.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

If the price declines from the 20-day EMA, it suggests that market sentiment is still negative and traders are selling during upward movements. The BTC/USDT pair could then test the support level at $80,600, and if that fails, it may drop to $73,777. However, if Bitcoin continues to rise and breaks above the 20-day EMA, it could advance toward the psychological level of $100,000.

Ether Price Forecast

Ether is experiencing selling pressure near the $3,000 level, yet the bulls have not given in significantly to the bears.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

This suggests that Ether could rally up to the 20-day EMA ($3,120) and potentially reach the breakdown level of $3,350. If it retraces from this resistance zone, the bears may try to push the ETH/USDT pair down below $2,623, which could lead to a further drop to $2,400.

To signal a reversal of the downtrend, buyers need to maintain the price above the 50-day simple moving average (SMA) of $3,596.

XRP Price Forecast

XRP's recovery is currently facing resistance at the 20-day EMA of $2.20, but the bulls are maintaining pressure.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

If the price manages to close above the 20-day EMA, this could indicate that the XRP/USDT pair will remain within a descending channel for some time. A bullish trend reversal would need the price to rise above the downtrend line. Conversely, if XRP drops sharply from the EMA, it may descend to the significant support level at $1.61.

BNB Price Forecast

BNB is currently grappling with intense competition between buyers and sellers near the breakdown level of $860.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

If the price declines from the current level, or from the 20-day EMA of $911, it would signal that sellers are actively selling during rallies, raising the risk of a further drop below $790, leading to a potential fall to $730. However, if BNB breaks above the 20-day EMA, it could indicate rejection of the breakdown and a subsequent rise towards the 50-day SMA of $1,034.

Solana Price Forecast

Solana is facing selling pressure at the 20-day EMA of $144, indicating the bears are still active at elevated prices.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

If sellers successfully push Solana below the $126 support level, the SOL/USDT pair could drop to $110 and further down to $95, which buyers are expected to defend vigorously. For bullish momentum, the price must clear the 20-day EMA barrier to rally towards the 50-day SMA of $170.

Dogecoin Price Forecast

Dogecoin is encountering resistance at the 20-day EMA of $0.16 after bouncing off the $0.14 support, suggesting that bears are trying to retain control.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

If the price sharply declines from this EMA, the risk of a drop below the $0.14 support increases, potentially bringing it down to the October 10 low of $0.10 where buyers might step in. Conversely, if it breaks and closes above the 20-day EMA, it suggests weakening bearish control, which could drive the DOGE/USDT pair to the 50-day SMA of $0.18.

Cardano Price Forecast

Cardano's timid bounce from the $0.38 level indicates a lack of aggressive buying efforts from the bulls.

ADA/USDT daily chart. Source: Cointelegraph/TradingView

The bears are attempting to pull the price below $0.38, which could lead to a drastic decline to the panic low of $0.27 on October 10. Any recovery efforts are expected to face selling pressure around $0.50. However, if buyers can succeed, Cardano's price may rise to the 50-day SMA of $0.58, signaling the end of the downtrend.

Hyperliquid Price Forecast

Hyperliquid (HYPE) has risen to the breakdown level of $35.50, where strong selling resistance is expected from bears.

HYPE/USDT daily chart. Source: Cointelegraph/TradingView

If the price declines from here, it suggests bears have turned $35.50 into resistance, heightening the risk of a drop below $29.30, potentially down to $24. To signal a recovery, buyers need to maintain the Hyperliquid price above the 50-day SMA at $39.48, enabling a surge towards $44 and possibly $51.50.

Bitcoin Cash Price Forecast

Buyers are striving to keep Bitcoin Cash above its resistance line, but bears continue to exert pressure.

BCH/USDT daily chart. Source: Cointelegraph/TradingView

If it dips below the moving averages, this could indicate a bull trap, implying that bears would try to push the BCH/USDT pair down to solid support at $443. Conversely, a solid bounce off the moving averages would suggest bulls are buying on dips, increasing the chances of a breakout above $568, potentially leading to a rise to $606.

Chainlink Price Forecast

Chainlink is nearing the 20-day EMA of $13.88, where robust resistance from bears is anticipated.

LINK/USDT daily chart. Source: Cointelegraph/TradingView

If the price turns down from the 20-day EMA, bears will aim to bring the LINK/USDT pair down to significant support at $10.94. Buyers are expected to defend this level vigorously, as a breakdown could lead to a fall to $7.90. On the contrary, a sustained trading above the 20-day EMA suggests easing selling pressure and may draw the pair towards the 50-day SMA of $16.22, indicating the Chainlink price may stay within the $10.94 to $27 range for some time.

In conclusion, monitoring these key levels of support and resistance is vital for traders as Bitcoin and major altcoins navigate through market fluctuations. Always stay informed on the latest trends and predictions in the ever-changing crypto landscape.