The SOL price was stuck within a descending parallel channel and faced multiple failed attempts at piercing above the resistance. However, the positive rounds across the markets have initiated a strong ascending trend, which is believed to elevate the levels beyond $200 in the next few days. This may increase the possibility of a new ATH above $270 before the end of the year, and the price holds the potential to begin a 30% thereafter.

The weekly chart of Solana suggests the price is at the foothill of explosion as the token rises over a crucial range. Besides, the breakout has elevated the levels above the bull flag, which may trigger a strong upswing. One of the major bullish indicators is the bullish crossover of the Ichimoku’s conversion & base line. Previously, when such a crossover occurred, the SOL price surged by over 1000%, elevating the levels from the levels below $20 to as high as $200. Besides, the RSI is also following a parabolic recovery, which reflects strong bullish backing from the bulls.

Solana flipped BinanceCoin in terms of market capitalisation to become the 4th largest cryptocurrency. While the Bitcoin price appears to be primed to mark $100K in the upcoming bull run, the SOL price is also believed to mark a 4-digit figure as the token is about to break a bullish pattern, which may ignite a 100% rally to reach $500 in the upcoming bull run. Meanwhile, the possibility of reaching a 4-digit figure also remains elevated, as the Solana price has just flashed fresh bullish signals after 12 long months.

Therefore, Solana’s (SOL) price appears to be primed for a 50% upswing initially to reach $300, which may further push the prices higher depending on the market dynamics. $SOL

ETH Price Reclaims $2.6k Level!
Despite recording a drop of ~3% over the past week, the Ethereum price has jumped 7.96% in the past 24 hours with a trading volume of $36.13 billion. With this, it has reclaimed the $2.6k mark, indicating increased bullish sentiment in the market.

The Relative Strength Index (RSI) has recorded a sharp rise in the 1D time frame. With a bullish crossover in its average trendline, this altcoin may continue gaining value this week.

Furthermore, the MACD trend shows a constant decline in its red histogram with its averages hinting at a potential positive convergence in the Ethereum price chart. This highlights increased buying-over-selling pressure for it in the crypto space.

Is Ethereum Expected To Go Up Or Down?
If the bullish sentiment sustains, this could push the ETH coin price toward its important resistance level of $2,870. Maintaining the price above that level could set the stage for it to retest its upper resistance level of $3,272 in the coming time.

However, in case of a bearish reversal, the altcoin leader could drop toward its support of $2.5k. Furthermore, if the bears dominate the crypto space, the Ethereum coin could plunge toward its low of $2,200. $ETH

Short-Term Insights: A Mixed Bag
The short term trend of Bitcoin is positive however, there are some warnings not to be ignored. Currently, it is trading at $68,640 with a nearest resistance at $69,000. This could force the price to any of the directions depending on the traders present in the market.

Bitcoin has recently witnessed a noticeable dip in the momentum. The MACD line crossed below the Signal line showing that sellers are leading. The RSI has also fallen from 79 points to 54. This is a clear sign that the positive momentum is losing stream. In the last 24 hours, 101,433 traders were rekt. A total of $229.17 million worth of crypto funds was liquidated. Most of this came from long positions. This is a matter of cautiousness for investors.

Medium-Term Outlook: Caution Ahead
Looking at the medium-term picture, Bitcoin’s story becomes a bit more complex. It did break above $67,241, which is usually a good sign and could mean prices might reach up to $84,547. But, the drop below $71,000 raised red flags, hinting that further declines could be on the table. Trading volume has also been weak during these moves, which doesn’t add much confidence.

Experts rate Bitcoin as negative in the medium term. This means that while a jump is possible, traders should be ready for sudden moves either way over the next few months.

What to Expect Next
Long-term, the outlook seems brighter. Bitcoin is still in a rising trend channel, which suggests optimism among investors. A strong move above $67,241 could set the stage for prices to head even higher, potentially past $84,000. There’s even a cup-and-handle pattern forming on the weekly charts, which some see as a bullish sign pointing to $100,000. But if the break below $71,000 holds, more declines might come.$BTC

Ethereum Test of Local Support Hangs near $2,400
The Ethereum price action shows a bearish turnaround from the 100-day EMA with a 5.39% fall last Thursday. This results in an evening sharp pattern and breaks below the 50-day EMA.

The current retest of the local support trend occurs near $2,461. This is putting additional pressure over the $2,400 critical support. However, the bullish divergence in the daily RSI line increases the possibility of a rebound rally.

With the 100-day acting as the dynamic resistance, the bullish attempt to reach the $2,729 resistance level could find an in-between surge in supply. Currently, the 100-day EMA stands at $2,645, making it an area of high supply.

If the BTC price manages to reclaim the $70,000 mark, the recovery run in Ethereum is likely to challenge the $2,729 near the 200-day EMA. In case of a bullish breakout, the 50% Fibonacci level at the $3,100 mark is a potential price target.

By the end of November, a recovery run could reach the $3,500 mark. On the flip side, if Ethereum breaks below the $2,400 mark, Ethereum could reach for $2,235. $ETH

Bitcoin (BTC) Rejects Price Below $68k
Following a bullish failure to surpass the $73,600 resistance level last week, the BTC price took a re-test of the $68,000 level. The BTC price is now below the 78.60% Fibonacci level and is currently trading at $68,607.

With a doji candle information, the possibility of a Morningstar reversal is shaping up. However, amid the rising uncertainties due to the U.S. presidential election, a potential re-test of the 67.80% Fibonacci level at $66,167 is possible.

While the daily RSI line shows no significant divergence, the 50-day EMA is rising towards the 67.80% Fibonacci level to provide dynamic support. Hence, despite the downside risk, the Bitcoin technical indicators project a high possibility of a bullish post-retest reversal. $BTC

XRP Tests 23.60% Fibonacci Level After Triangle Breakdown
In the daily chart, the XRP price action shows a bearish breakdown below the local support trend line. This marks the bearish outcome of a symmetrical triangle pattern.

Furthermore, this puts the 23.60% Fibonacci level at $0.5128 at risk. Projecting the possibility of a minor recovery for XRP, the Doji candle found yesterday teases a Morningstar pattern.

If a morning star pattern acts as a bullish reversal pattern, XRP price could retest the broken support trend line. Furthermore, the formation of this pattern near the 23.60% Fibonacci support level will increase the chances of a bullish recovery.

Technical Indicators:

EMA: The increased bearish influence has resulted in a death cross event between the 50-day and 200-day EMA.

MACD: The MACD indicator shows a declining trend in the MACD and signal line as the supply pressure grows. Hence, technical indicators oppose the chances of a bullish recovery.

Will XRP Price Fall Under $0.50?
Based on the Fibonacci retracement tool and the price action analysis, a recovery rally with a broad market bull run will likely challenge the 50% Fibonacci level at $0.6185 or $0.7331. On the flip side, the crucial support remains at the $0.50 psychological mark and $0.45 mark.$XRP

Celestia (TIA)
With a jump of 4.68% in the past 24 hours with a trading volume of $224.301 million, the TIA price has recorded a strong bullish recovery. Moreover, with a market capitalization of $1.934 billion, it has successfully claimed the 46th position.

The Moving Average Convergence Divergence (MACD) has displayed a constant red histogram with its averages experiencing a negative sentiment. Moreover, the EMA 50-day acts as a resistance, suggesting that the price may continue losing value this week.

If the market favors the bulls, the Clestia price could push its value toward the resistance level of $7.430. Conversely, a negative setback could pull the price toward its crucial support level of $3.925 during the upcoming time.$TIA

Worldcoin (WLD)
Despite dropping 8.24% over the last seven days, the Worldcoin price has displayed a sideways trend. Further, it has added ~19% during the past month. This highlights a long-term bullish sentiment for the altcoin in the market.

The Simple Moving Average (SMA) is acting as a resistance to the price chart in the 1D time frame. Moreover, with MACD indicator displays a neutral price trend in the Worldcoin price chart. This suggests uncertainty in future price action.

If the bulls regain momentum, the WLD coin price may retest its resistance level of $3.30. On the flip side, if the bears dominate the market, the altcoin may retest its crucial support level of $1.350. $WLD

Solana (SOL)
Apart from the meme coins, the Solana altcoin shows massive upside potential. It has increased by nearly 50% in the last 30 days and is trading at $166. Despite the short-term correction, the altcoin has concluded a lower-high formation in the daily chart and reveals a surge of bullish influence in the sideways trend.

Testing the $164 support, the altcoin offers an entry opportunity at a crucial support. If the broader market recovers, the altcoin is likely to surpass the $200 psychological mark. Using the price action level, the next target remains at $235-$250. $SOL

Raydium (RAY)
As the Solana ecosystem grows, Radium, a high-ranking Solana-based protocol, reveals a bullish trend in motion, hitting the 1.618 Fibonacci level at $3.15; the altcoin reveals a massive bull run in action.

Currently, the altcoin has retested the $3.00 psychological mark and reveals a successful post-retest reversal. Considering the broader market recovery, the uptrend in Radium is likely to challenge the 2.61 Fibonacci level at $4.82. $RAY

Dogecoin (DOGE)
In the daily chart, the Dogecoin price action reveals a falling-wedge breakout rally gaining momentum. The increased bullish influence has resulted in a golden crossover in the 50-day and 200-day EMA. However, the recent pullback in the altcoin retests the 50% Fibonacci level at $0.1571.

With a lower price rejection, the altcoin offers an entry opportunity at comparatively low prices based on the upside potential. Using the Fibonacci retracement tool, the meme coin shows the potential to reach the 100% Fibonacci level at $0.22. Meanwhile, the optimistic target remains at the 1.618 Fibonacci level near the $0.30 psychological mark.$DOGE