Price predictions 11/3: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE

7 hours ago

Key points:

Bitcoin volition implicit a double-top reversal signifier connected a adjacent beneath the $107,000 support.
Several altcoins person breached beneath their contiguous enactment levels, clearing the way for further downside.

After October’s dismal performance, Bitcoin (BTC) has failed to alteration course. BTC has started the caller period with a driblet to the important enactment astatine $107,000, signaling that the bears are attempting to prehend control.

The demand from organization investors has slowed down, arsenic indicated by the $799 cardinal successful nett outflows from BTC exchange-traded funds past week, according to Farside Investors’ data.

Capriole Investments laminitis Charles Edwards said successful a station connected X that institutional buying had dipped beneath the regular mined proviso for the archetypal clip successful 7 months, which was not a bully sign.

A insignificant ray of anticipation for the bulls is that BTC has recorded an average summation of 42.34% successful November, according to CoinGlass data. However, traders should not trust solely connected this humanities figure, arsenic BTC has closed November successful the reddish connected 4 occasions since 2018. That suggests the markets could plaything either way.

Could BTC widen its decline, pulling altcoins lower? Let’s analyse the charts of the apical 10 cryptocurrencies to find out.

S&P 500 Index terms prediction

The S&P 500 Index (SPX) remains successful an uptrend; however, the antagonistic divergence connected the comparative spot scale (RSI) suggests that the bullish momentum whitethorn beryllium weakening.

Sellers volition person to propulsion the terms beneath the 50-day elemental moving mean (6,647) to awesome strength. If they negociate to bash that, the scale could commencement a deeper correction to 6,550 and past to 6,400.

Buyers are apt to person different plans. They volition effort to support the 20-day exponential moving mean (6,764) and propulsion the scale supra 6,920. If that happens, the scale could rally to the 7,000 level.

US Dollar Index terms prediction

The US Dollar Index (DXY) bounced disconnected the 20-day EMA (98.92) connected Wednesday, signaling a affirmative sentiment.

The scale could rally to 100.50, wherever the bears are expected to equine a beardown defense. If buyers bash not let the terms to dip beneath the 20-day EMA, it increases the likelihood of a rally to the stiff overhead absorption astatine 102.

The archetypal motion of weakness volition beryllium a interruption and adjacent beneath the 20-day EMA. That suggests the bears are progressive astatine higher levels. The scale could past descend to the 50-day SMA (98.24).

Bitcoin terms prediction

BTC turned down sharply from the 20-day EMA ($110,837) connected Monday and subsequently plunged beneath the $107,000 enactment level.

A adjacent beneath the $107,000 level volition implicit a double-top pattern, signaling the commencement of a corrective phase. The BTC/USDT brace could past diminution to the psychologically important level astatine $100,000. Buyers are expected to support the $100,000 level with each their might, arsenic a interruption beneath it whitethorn awesome the commencement of a caller downtrend.

The bulls volition person to propulsion the terms supra the moving averages to bespeak that the bears are losing their grip. The upside momentum could prime up steam aft buyers thrust the Bitcoin terms supra $118,000.

Ether terms prediction

Ether (ETH) turned down from the 20-day EMA ($3,937) and broke beneath the enactment enactment of the descending transmission signifier connected Monday.

The downsloping moving averages and the RSI beneath 37 suggest that the bears are astatine an advantage. If the terms closes beneath the enactment line, the ETH/USDT brace could slump to the $3,435 to $3,350 enactment zone.

This antagonistic presumption volition beryllium invalidated successful the adjacent word if the Ether terms turns up sharply from the existent level and breaks supra the moving averages. That suggests the markets person rejected the interruption beneath the channel. The brace could past ascent to the absorption enactment of the channel.

XRP terms prediction

Buyers tried to propulsion XRP (XRP) supra the 20-day EMA ($2.52), but the sellers held their ground.

The bears volition effort to propulsion the XRP/USDT brace to $2.20, which is simply a important near-term level to ticker retired for. If the $2.20 enactment breaks down, the XRP terms could dip to $2 and past to $1.80.

Any betterment effort is expected to look selling astatine the 20-day EMA and past astatine the 50-day SMA ($2.69). The bulls volition person to thrust the terms supra the downtrend enactment to bespeak a imaginable inclination change.

BNB terms prediction

BNB (BNB) closed beneath the 50-day SMA ($1,092) connected Sunday, and the selling intensified connected Monday.

The moving averages are astir to implicit a bearish crossover, and the RSI is successful the antagonistic territory, signaling that bears are successful command. The $1,021 enactment has cracked, clearing the way for a dive to $932 and yet to the Oct. 10 intraday debased of $860. Such a determination suggests that the BNB/USDT brace whitethorn person topped retired successful the adjacent term.

Time is moving retired for the bulls. They volition person to rapidly propulsion the BNB terms backmost supra the 20-day EMA to awesome strength.

Solana terms prediction

Solana (SOL) turned down and broke beneath the uptrend enactment of the symmetrical triangle signifier connected Monday, indicating that the uncertainty had resolved successful favour of the bears.

The SOL/USDT brace could tumble to the beardown enactment astatine $155. Any rebound disconnected the $155 level is apt to look selling astatine the 20-day EMA ($190). If that happens, the Solana terms risks a driblet to $137.

Conversely, if the terms rises from the existent level oregon $155, it suggests request astatine little levels. The bulls volition past effort to propulsion the terms supra the 20-day EMA. If they succeed, the brace could emergence to the absorption line.

Dogecoin terms prediction

Dogecoin (DOGE) remains stuck wrong a ample scope betwixt $0.14 and $0.29 for the past respective days.

The DOGE/USDT brace is apt to diminution to the coagulated enactment astatine $0.14, which is expected to pull buyers. If the terms rebounds disconnected the $0.14 enactment and rises supra the moving averages, it suggests that the range-bound enactment whitethorn proceed for immoderate much time.

Sellers are apt to person different plans. They volition effort to descend the Dogecoin terms beneath the $0.14 enactment and resume the downtrend. If they tin propulsion it off, the brace could tumble to $0.10.

Cardano terms prediction

Buyers tried to support Cardano (ADA) supra the $0.59 level, but the bears renewed their selling connected Monday.

The bears volition effort to descend the ADA/USDT brace to the important enactment astatine $0.50. Buyers are expected to fiercely support the $0.50 level, arsenic a interruption beneath it would unfastened the doorway for a autumn to $0.40.

The bulls volition person to thrust the Cardano terms supra the 20-day EMA ($0.64) to summation strength. The brace could past rally to the breakdown level of $0.75, wherever the bears are expected to measurement in.

Hyperliquid terms prediction

Hyperliquid (HYPE) slipped beneath the 20-day EMA ($42.73) connected Sunday, indicating that the bears proceed to exert pressure.

The HYPE/USDT brace has dropped to the neckline and could widen the diminution to the coagulated enactment astatine $35.50. Buyers are expected to aggressively support the $35.50 level, arsenic a interruption beneath it could accelerate selling. The Hyperliquid terms could past illness to $30.50 and aboriginal to $28.

Instead, if the terms turns up sharply from the $35.50 level and breaks supra the 20-day EMA, it signals request astatine little levels. The brace could past plaything betwixt $35.50 and $52 for a fewer days.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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