BTC, XRP and DOGE Price Analysis – November 29, 2021

The cryptocurrency market has stepped into a very green week after a week of decline. The leading cryptocurrency Bitcoin (BTC) has risen 9% in 24 hours, moving away from the danger line at $54,000. BTC price has risen above $58,000 as of now, and all altcoins are following it.

Everything Green For Bitcoin!

bitcoin The current situation for $55,287 shows support. After breaking the $55,287 to $53,400 channel, BTC broke support at the top and set its new target at $58,000. $58,000 was a strong resistance point before, but this time it can be said that the resistance is much less. As of this morning, $58,000 has even been tested several times and soon BTC is expected to break through and push above $61,000.

According to the on-chain data, the whales’ BTC purchases increased and the amount of short positions on the exchanges decreased. This shows that everything is in place for the next rally now.

XRP Although he was one of the biggest losers of the last 7 days, the situation started to recover. Freed from the $0.886 support, XRP reached the $0.96 resistance overnight and is attempting to rise above the EMA55.

If the XRP price jumps above $1, it can also target $1.40 with the support of EMA55.

dogecoin (DOGE), on the other hand, continues to show in the top 10 with a 10% rise in 24 hours. DOGE broke above the critical $0.20 and a continuation test of $0.35 is possible.

At this point, $0.16 will be a support against sudden decreases.

*Not Investment Advice.

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