Price analysis for the week ending October 11: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TONNE, DOT, MATIC

Get insights into BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TONNE, DOT, and MATIC prices for October 11. Stay updated with cryptocurrency trends.

Price analysis for the week ending October 11: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TONNE, DOT, MATIC

Price analysis 10/11: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, DOT, MATIC

The cryptocurrency market has been relatively subdued in recent weeks, with most major coins trading in a narrow range. However, there have been a few notable exceptions, with some altcoins showing signs of strength.

In this article, we will take a look at the price action of the top 10 cryptocurrencies by market capitalization, as of October 11, 2023:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Binance Coin (BNB)
  • XRP (XRP)
  • Solana (SOL)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Free TON (TON)
  • Polkadot (DOT)
  • Polygon (MATIC)

Bitcoin (BTC)

Bitcoin has been trading in a range between $26,000 and $28,000 for the past few weeks. The bulls have been unable to push the price above the $28,000 resistance level, while the bears have also been unable to drive the price below the $26,000 support level.

The technical indicators on the BTC/USDT chart suggest that the pair is likely to remain range-bound in the near term. The 20-day EMA ($27,200) is acting as a crypto market prediction level, while the 50-day SMA ($26,500) is acting as a support level.

If the bulls can break above the $28,000 resistance level, the next target would be the $30,000 level. Conversely, if the bears can break below the $26,000 support level, the next target would be the $24,000 level.

Ethereum (ETH)

Ethereum has been trading in a range between $1,530 and $1,750 for the past few weeks. The bulls have been unable to push the price above the $1,750 resistance level, while the bears have also been unable to drive the price below the $1,530 support level.

The technical indicators on the ETH/USDT chart suggest that the pair is likely to remain range-bound in the near term. The 20-day EMA ($1,640) is acting as a resistance level, while the 50-day SMA ($1,590) is acting as a support level.

If the bulls can break above the $1,750 resistance level, the next target would be the $2,000 level. Conversely, if the bears can break below the $1,530 support level, the next target would be the $1,370 level.

Binance Coin (BNB)

Binance Coin has been one of the strongest performers in the top 10 cryptocurrencies in recent weeks. The coin has been trading in a range between $200 and $220, and is currently testing the $220 resistance level.

The technical indicators on the BNB/USDT chart suggest that the coin is likely to break above the $220 resistance level in the near term. The 20-day EMA ($210) is acting as a support level, and the RSI is above 50, which indicates that the bulls are in control.

If the bulls can break above the $220 crypto stock price level, the next target would be the $235 level. Conversely, if the bears can push the price below the $210 support level, the next target would be the $190 level.

XRP (XRP)

XRP has been trading in a range between $0.41 and $0.56 for the past few weeks. The bulls have been unable to push the price above the $0.56 resistance level, while the bears have also been unable to drive the price below the $0.41 support level.

The technical indicators on the XRP/USDT chart suggest that the pair is likely to remain range-bound in the near term. The 20-day EMA ($0.49) is acting as a resistance level, while the 50-day SMA ($0.46) is acting as a support level.

If the bulls can break above the $0.56 resistance level, the next target would be the $0.65 level. Conversely, if the bears can break below the $0.41 support level, the next target would be the $0.36 level.

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