On November 10, the SOL token broke through the resistance level above $210. What does this mean? It represents that those who believe SOL
will rise (the bulls) are working hard to dominate the market. If this price can stabilize above $210, it indicates that the next round of upward trends has begun. At this time, the SOL token could potentially surge to $260. However, when it reaches $260, those who think the price is too high and want to sell (sellers) will definitely try their best to stop the price from rising further.
If the price cannot stabilize above $210, it indicates that the market does not recognize this breakout. In that case, the SOL token may drop to $189, which is an important key support level recently. If it falls below $189, it may continue to drop to the 20-day moving average at $178.
Moreover, the SOL token rebounded from the 20-EMA, indicating that the bulls started buying when the price dropped slightly. Now the bulls have pushed the price above the $210 resistance level, paving the way for the price to rebound to $230 and eventually rise to $260.
However, if the price continues to fall below the 20-EMA, this optimistic scenario will not hold in the short term. At this point, the SOL token may drop to the 50-SMA, and the next round of upward trends will be delayed.
$SUI
On November 9, the price of the SUI token broke through the strong resistance level of $2.37. The bulls pushed the price above $3, but if you look at the candlestick chart, you'll see long wicks, indicating that many people want to sell at higher prices. If the price falls below $2.70, those who think the price will drop (the bears) will try to bring the price back to the breakout level of $2.37.
In contrast to this situation, if the price can stabilize around $3, it indicates that the bulls are still sticking to their beliefs, as they think the price will rise again. If the SUI token can break through $3.15, the next target might be $4. From the 4-hour chart, it can be seen that many people are selling above $3 for the SUI token. If it falls, the first support level is $2.70. If the price can rebound strongly from $2.70, it indicates that the bulls didn't wait for a significant price drop to buy in. In that case, the SUI token could rise to $3.15 and then to $3.60.
If the price falls below $2.70, it indicates that short-term traders are starting to take profits. At this point, the SUI token may drop to the 20-EMA.
$AAVE
On November 6, when the AAVE token broke through the moving average line, its upward momentum became stronger. By November 9, it had risen to $200, a psychologically important resistance level.
The bears will try to stop the price from continuing to rise at $200, but if the bulls don't give sellers much opportunity, the likelihood of a breakout and continued rise will be greater. If buyers can break through the $200 resistance level, the AAVE token might rebound to $260.
If the price falls, $180 is the immediate support level. If it breaks below this price, the selling situation may become more serious, and the price could be pulled down to the 20-day moving average at $160. If there is a significant pullback, the next round of increases may be delayed. There are many sellers near $200 for the AAVE token, which may cause the price to drop to the 20-EMA. If the price strongly rebounds from the 20-EMA, the bulls will try to push the price above $200. If successful, the AAVE token might rise to $220.
If the price falls below the 20-EMA, it indicates that short-term traders are taking profits. This may cause the AAVE token to drop to $175 and then to $165, a very solid support level.
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