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BTC, XRP and DOGE Price Analysis for November 29

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Mon, 29/11/2021 - 15:05
BTC, XRP and DOGE Price Analysis for November 29
Cover image via www.tradingview.com

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The cryptocurrency market has continued the growth that started yesterday, and all of the top 10 coins remain in the green zone.

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Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Over the weekend, the price of Bitcoin (BTC) consolidated in a sideways channel between resistance at the $55,287 level and support at $53,400. At the end of the week, the bears closed the gestalt, testing the lower border of the sideways range. The monthly minimum has shifted to the area of ​​the mark of $53,300.

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

This week has began with intensive growth that was supported by rather large volumes. As of this morning, the BTC price has already tested the $58,000 level; however, bulls were unable to break above this strong resistance.

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SHIB and DOGE Price Analysis for November 27

If buyers are able to form another bullish impulse today, the pair can gain a foothold in the area of $​​60,000.

Bitcoin is trading at $57,209 at press time.

XRP/USD

On Sunday, the XRP price renewed its November low at $0.886 and recovered above the level of $0.960 tonight.

XRP/USD chart by TradingView
XRP/USD chart by TradingView

In the morning, buyers are trying to break above the two-hour EMA55. If they manage to break through this strong resistance, then the growth might continue above the psychological level of $1.

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DOGE, SHIB and FLOKI Price Analysis for November 24

In the event of support from a large buyer, the pair may be able to test the resistance of $1.10 in the near future.

XRP is trading at $0.9759 at press time.

DOGE/USD

DOGE has shown the greatest growth compared to other coins from the list with a rise of 9%.

DOGE/USD chart by TradingView
DOGE/USD chart by TradingView

DOGE has successfully bounced off the support line at $0.1940, which means that buyers keep dominating. If nothing changes, the growth may continue to the zone of the most liquidity around $0.25858, where a minor correction could occur. Moreover, the buying trading volume is also rising, confirming bulls' power.

DOGE is trading at $0.2155 at press time.

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