Bitcoin, Ripple, And Dogecoin Price Prediction For November 29th
The crypto market’s bullish run, which started yesterday, continued today, with the top-ranked cryptos making some upward price push.
Top-ranked cryptos. Source: CoinMarketCap
Bitcoin (BTC)
All through the weekend, BTC price moved sideways, attempting to establish itself between the $55.29K resistance and the $53.4K support. By late Sunday night, the bears regained control pushing the BTC price towards the $53.4K support range, shifting the BTC monthly minimum towards the $53.3K range.
BTC/USD chart 2-hour chat. Source: TradingView
However, during this morning session, the leading cryptocurrency was bullish again following large volume trading. Thus, driving up the BTC price towards $58K. It experienced a slight retrace to around $57K but now trades at about $58.5K. If the bulls retain control of the BTC price, BTC might eventually surpass the $60K price point before the end of today’s session.
The 4-hour chart indicates that the MACD is bullish about BTC (showing a positive long-term trend). In contrast, the 1-hour chart suggests that MACD is bearish about it (indicating a possible upward price momentum).
Ripple (XRP)
XRP price started yesterday at a 4-week low of $0.887 but rallied to trade at $0.965 as of late last night. Late last night, the long tail on the coin’s candlestick indicated intense buying around the $0.86 price support level.
XRP/USD chart 2-hour chat. Source: TradingView
During this morning session, the bulls were trying to push the XRP price over the price established by the EMA-50 on the 2-hour chart. If this bullish move is sustained, it might not take long before XRP surpasses its next strong resistance – the $1 price point.
If a whale should invest in it, it might even attempt to break over the $1.10 price range (as indicated on the 50-day SMA). However, if the bears should gain control, the XRP price could drop below $0.84. If the selling pressure does not stop, its next support would be found at about $0.70. As of this writing, XRP currently trades at $0.9909.
Dogecoin (DOGE)
When compared with BTC and XRP, DOGE has made the most appreciable gains. It has gained 9.5% so far today. DOGE is now making a steady ascent off the $0.1942 support, proving that the bulls remain in control.
DOGE/USDT chart 2-hour chat. Source: TradingView
If this price action remains sustained, expect DOGE to keep growing towards the $0.26 price point (its most liquid zone). Even though it might experience a slight price correction at this price level, it shouldn’t take long before it resumes its bullish movement.
Furthermore, the DOGE trading volume continues to rise, which further proves that bulls remain in control. Despite this positive price action, the overall market sentiment is still negative because of the long wick on DOGE’s candlestick today. As of this writing, DOGE currently trades at $0.203. If the bears should gain and sustain control, DOGE’s next support would be found below $0.185.
Conversely, if the current bullish momentum is sustained, expect DOGE to surpass its next resistance of $0.21, provided it can flip the price at the 20-day EMA into support. This slight change in the short-term movement could push DOGE towards the $0.23 price on the 100-day EMA.
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