Cryptocurrency Market November 26, 2021: Bitcoin price attempted to extend gains beyond the $ 58,500 resistance area. BTC even surpassed the $ 59,000 level, but there hasn’t been a breakout above $ 60,000. At 04:45 UTC, BTC was trading above the USD 57,500 support and gaining almost 1% in one day.
Plus, most of the big altcoins move higher. ETH is up 3% and has seen a breakout above $ 4,400. XRP is still struggling to break the $ 1.05 resistance. ADA is consolidating above the $ 1.62 support.
Cryptocurrency Market November 26, 2021: Bitcoin Price
Bitcoin price has continued to rebound after closing above USD 57,500. BTC was able to hit the $ 59,000 level but failed to test $ 60,000. The price is currently correcting downward and trading below $ 58,000. On the flip side, initial support is at $ 57,800. The next big support is at $ 57,500, below which a drop to the $ 56,000 support is possible.
On the downside, the price is encountering resistance near $ 58,800. The next major resistance is at $ 59,500, above which the price could test $ 60,000.
Cryptocurrency Market 11/26/2021: Ethereum Price
Ethereum price quickly rebounded above the $ 4,400 and $ 4,500 levels. ETH tested $ 4,550 before initiating a downward correction. It is currently consolidating near $ 4,400. New gains above $ 4,500 could lift market sentiment in the short term.
If there is a downward correction, the price may find support at $ 4,400. The next big support is near $ 4,350 below which a steady decline is possible.
Cryptocurrency market November 26, 2021: ADA, BNB, SOL, SHIB and XRP prices
Cardano (ADA) is trading in a bearish zone below the $ 1.70 level. He is currently consolidating above $ 1.62, below which there is a risk of further losses. Conversely, a recovery wave towards USD 1.72 is possible.
Binance Coin (BNB) rebounded 3% to break $ 650 before correcting down. If the bulls remain active, a move towards the $ 660 level is likely.
Solana (SOL) is struggling to stay above the USD 200 support area. A break below $ 200 could perhaps put pressure on the bulls. The next big support is near the $ 185 mark.
SHIB was stuck near the $ 0.000040 level. A closing price below $ 0.000040 could increase selling pressure. The next big support is at $ 0.000038, below which it may slide towards $ 0.000035.
XRP price is consolidating above the USD 1.00 support area. It faces major resistance near the $ 1.05 level. A closing price above $ 1.05 could bring the price to $ 1.12. Otherwise, it may drop below the $ 1.00 level.
Different altcoin market
Many altcoins gained more than 10%, including BAT, GALA, LPT, SC, RUNE, KCS, FIL, OKB, KDA, LUNA, ZEC, IMX and ICP. Of these, BAT rose 48% and broke the $ 1.75 mark. The token is the cryptocurrency with the best performance among the top 100 coins by market capitalization. Meanwhile, CRO is the worst performer today, down 10% and trading near $ 0.75.
Overall, Bitcoin price is trying to move towards the $ 60,000 mark. If BTC accelerates above $ 59,500, it could accelerate higher in the short term.
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