Dogecoin

Cardano

<p>Markets have been on a bullish streak this week s Bitcoin breaks past $79,000 to set a new all-time high. This comes amid the election of pro-crypto Donald Trump as the 47th president of the United States, an event that has seen markets respond quite positively.</p><h2 id="header-0">General Market Review</h2><p>The market chart excluding Bitcoin shows the overall trend of the altcoin market. We see an annotation called the “Banana Zone” from a previous bull market failure, suggesting this area represents significant overhead resistance that previously marked the top of the market. As mentioned in the tweet, the breadth indicator recently turned back on, which previously marked the September bottom. This indicator has apparently been reliable with no false signals, indicating strength in the altcoin market.</p><p>The Bitcoin price appears to be testing a resistance level around 1.07T, which aligns with the historical resistance zone. TOTAL3 (Total Market Cap Excluding Bitcoin and Ethereum) has also surpassed significant levels, supporting a broad-based rally in altcoins. Breaking through this resistance could potentially set up the market for a larger rally if momentum holds. Watching for a definitive break above the “Banana Zone” would be key for the continuation of the bull trend in the altcoin market.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcXDDWbcr_TZaDyWkA-YmAwDSuYfT0dxuZJc8Unm6NIBnVCXf_jLtFGX20EW9zOiCDs0Bbx9N2sCWp-pMaHWLcx-gob4jLjZtqvpZ02f3sP9xLqTP-xIPvZOZtVd1udG4X715S1RlcB3yEW4ue5sT35apYV?key&#61;dQCW9bB0R1cn0gj05uY5ctuD" />Total Market Cap Excluding Bitcoin and Ethereum | Snap: Source: <a href="https://x.com/bcbacker/status/1855447639417913521?s&#61;46" rel="noopener noreferrer nofollow">X</a></p><h2 id="header-1">Cardano Price Review</h2><p>Cardano, $ADA’s recent move appears to have reclaimed a large amount of ground, erasing seven months’ worth of decline in just five days. This rapid appreciation signals strong bullish momentum and a potential trend reversal. <a href="https://blockchainreporter.net/price-prediction/cardano-price-prediction/" rel="noopener noreferrer nofollow">ADA</a> has broken through multiple previous resistance levels during this rally. If it maintains above the $0.50 level, this could act as new support. Key resistance likely lies around $0.60, near the previous swing highs.</p><p>With this kind of upward momentum, shorter moving averages (e.g., the 50 SMA) may soon cross above longer moving averages (e.g., the 100 or 200 SMA), which would add technical confirmation to the bullish outlook. ADA’s explosive move suggests that buyers are firmly in control. If ADA can consolidate above current levels, it may set up for another leg higher.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdXfRhW0XttWzGRAGHQqFxrXJyA4Ntj3FWmN6aDQS-BHwTe9zafhRC48KysNConeKFMGA0bO8jZl1zilPTw8kdVVApm1_pSwd0H4FSkgIQ1GkKFLZetO3z3V2zxLbOWSDDXg9mWsT9vAO-eYwtKwc-JPO-i?key&#61;dQCW9bB0R1cn0gj05uY5ctuD" /><a href="https://x.com/BCBacker/status/1855448124778569732/photo/1" rel="noopener noreferrer nofollow">ADA/USD | Snap: Source: X</a></p><h2 id="header-2">SUI Price Review</h2><p>SUI has reached all-time highs, entering price discovery territory. With no historical resistance above, this often results in strong, extended trends until a new resistance level is established. SUI’s sharp move higher suggests strong buying interest, and typical price discovery behavior often sees higher volatility with substantial pullbacks, as traders assess the next fair price level. Since the asset is in price discovery, there’s no historical resistance to gauge, so psychological levels (like round numbers) may come into play. Watching for consolidation near key levels like $3 could provide support in case of a pullback.</p><p>Bullish momentum is likely to continue in the short term, but volatility can be expected. Holding recent gains and establishing new support would be a positive sign for a sustainable upward trend.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdmCrkrxMCHRwdNMZM5OGxYtyDff5DLKxEmtWinUPoKojAEfUG__3k-hr48EG-y0fA0GNW4P0oO_p7w0zJCQvYucB53Ee71rZP6WXX0b8L8f1wV1bpKkTy5iarBIJlUsCoVAFi82wJWHtVfpBETfsDQf6k?key&#61;dQCW9bB0R1cn0gj05uY5ctuD" /><a href="https://x.com/bcbacker/status/1855448299639075166?s&#61;46" rel="noopener noreferrer nofollow">SUI/USD | Snap: Source: X</a></p><h2 id="header-3">TOTAL3 (Total Market Cap Excluding Bitcoin and Ethereum) Review</h2><p>The .702 Fibonacci retracement level (around $692 billion) is a significant resistance level often seen as a key marker in trend reversals. TOTAL3 is testing this level, with bullish pressure attempting to push through. Breaking above this Fib level would be a strong bullish signal, as it indicates recovery past a major retracement level from previous declines.</p><p>A strong break through the .702 Fib, supported by volume, would be encouraging for further upward movement in altcoins beyond Bitcoin and Ethereum. Consolidation near this level could act as a launching point for the next move higher. If TOTAL3 clears the .702 level, it could continue climbing toward the 0.786 Fib level or previous highs, signaling renewed strength in the broader altcoin market.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdlCt_C47-j6l_-B_LzRvL4YsFWIvqP4Q77CK4g7mfbpOLJZYHzohWrbS-CzB5F-QF0Fsp6AQ8Z0GS3ppDYdoiKVSPFjyGwXxiOsPpJz7xCU5FQIF9q4fbDl0uzruWFHbwBGomgX9ogYf4AYzs5jlcBgKum?key&#61;dQCW9bB0R1cn0gj05uY5ctuD" />Total Market Cap Excluding Bitcoin and Ethereum | Snap: Source: <a href="https://x.com/bcbacker/status/1855447639417913521?s&#61;46" rel="noopener noreferrer nofollow">X</a></p><h2 id="header-4">Dogecoin Price Review</h2><p>Dogecoin, <a href="https://blockchainreporter.net/price-prediction/dogecoin-price-prediction-will-dogecoin-go-up/" rel="noopener noreferrer nofollow">$DOGE</a>, is approaching the March highs around $0.23, a key level that could determine the near-term direction. Breaking above this level would mark a higher high and signal a trend reversal. DOGE’s recent momentum has been strong, but breaking a significant level like the March highs will likely require increased buying volume.</p><p>DOGE has been in a prolonged downtrend, but recent momentum suggests bullish interest is growing. If DOGE can break above the March highs and establish a higher support level, it could potentially move towards previous resistance zones around $0.30. A successful breakout above the March highs would be a bullish indicator and could attract additional buyers. Watching for volume confirmation on the breakout is essential to gauge its sustainability.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe7FTQjiHFUlhwADxTst5vRUzcknGMwWiT6Zb8-eSnXNQoTGJU9ymXdMoEpStl8NXU__tyWS5ueY-kmB9I1rt1rlcPC4OiO9_f0oKT89QoIobKlFf3Xp_XdSvVyXcqbn9IUUycEDPaKe8CbDly6Q_UHEuIB?key&#61;dQCW9bB0R1cn0gj05uY5ctuD" /><a href="https://x.com/BCBacker/status/1855452163402580311/photo/1" rel="noopener noreferrer nofollow">DOGE/USD | Snap: Source: X</a></p>

Daily Market Review: ADA, SUI, TOTAL3, DOGE

Table of Contents

BlockchainReporter

Other articles published on Nov 10, 2024

MILKBAG & bera.buzz – The Next Big Opportunity in Memecoins with Real Utility

🌟 Big News: BabyCate Lottery Game Officially Launched! 🌟

Upbit Lists DRIFT Token and It Surges Over 500%

Bitcoin Reaches New Heights as Market Sentiment Shifts

Dogecoin Surges Past XRP as Elon Musk Buzz Fuel Gains

How High Can Cardano (ADA) Go With Hoskinson Helping Create US Crypto Policy?

Join our free newsletter for daily crypto updates!