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BTC, ETH and BNB Price Analysis for November 30

Price Predictions
Tue, 11/30/2021 - 15:48
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Denys Serhiichuk
Which altcoin can show the biggest growth against Bitcoin (BTC)?
BTC, ETH and BNB Price Analysis for November 30
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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The market keeps booming as all of the top 10 coins remain trading in the green zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Yesterday, buyers tried to form a strong bullish momentum to break through the strong resistance at $58,000. The daily maximum was recorded in the area of $​​58,930, but the Bitcoin (BTC) price was unable to gain a foothold above the key resistance and returned to the area of ​​yesterday's low this morning.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

The rollback is not over yet and, during the day, it may continue to the area of ​​the two-hour EMA55. If this moving average fails to stop the decline, then most likely today one will not be able to observe the recovery to the psychological level of $60,000.

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Thus far, the BTC/USD pair has not left the downtrend channel of the local downtrend. If the level of average prices supports the pair, then by the end of the day, a breakout above $60,000 is possible.

Bitcoin is trading at $58,937 at press time.

ETH/USD

Yesterday, the Ethereum (ETH) price managed to gain a foothold above the level of $4,300 and continue its recovery to the $4,500 area.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

The local maximum was set at the level of $4,508 tonight. A good signal to confirm the end of the downtrend can be a retest of the $4,800 level. In case buyers can fix above it, they have the chance to set a new peak and get to the vital mark of $5,000.

Ethereum is trading at $4,715 at press time.

BNB/USD

Binance Coin (BNB) has grown the least from the list. The rate of the native exchange coin has gone up by only 2.38% since yesterday.

BNB/USD chart by TradingView
BNB/USD chart by TradingView

Despite the relatively slow rise, Binance Coin (BNB) is approaching the vital resistance at $669.30. The growth is supported by a high trading volume, which means that a breakout may provoke sharp growth.

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If that happens and BNB fixes above the green line, the levels of $700 and $800 can be attained soon.

BNB is trading at $632.20 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.