Technical Analysis on November 27: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, BCH, LINK

The bounce back of Bitcoin (BTC) is showing signs of stagnation as the bears fiercely keep the price below the 88,000 USD threshold. Veteran trader Peter Brandt believes that the current surge of BTC is likely just a “dead cat bounce” (, implying that the recovery trend lacks sustainability.

On the contrary, network economist Timothy Peterson expressed cautious optimism. He stated that an artificial intelligence forecasting model estimates that BTC has only about a 15% chance of closing below the threshold of 84,500 USD by the end of this year. However, the probability of Bitcoin bouncing back to the psychological threshold of 100,000 USD before December 31 remains below 50%.

Another positive signal comes from Augustine Fan, Head of Analysis at SignalPlus. In a recent interview, he suggested that BTC is likely to have formed a “local bottom in the short term.” According to the base scenario, Fan expects the price to fluctuate within the range of 82,000 – 92,000 USD, while the risk of deeper declines only truly opens up if BTC loses the 78,000 USD mark.

So what are the important support and resistance levels that investors need to watch for Bitcoin and major altcoins? Let's analyze the charts of the top 10 cryptocurrencies to find the answers.

Technical Analysis of BTC

The recovery of BTC is expected to face selling pressure at the 20-day exponential moving average )EMA( at 93,431 USD.

![ngay-27-11-phan-tich])https://img-cdn.gateio.im/webp-social/moments-6fe1472e35955c0f09f2a9cd444b1df3.webp(BTC/USDT daily chart | Source: TradingViewIf the price bounces back from the 20-day EMA, it indicates that market sentiment remains negative and traders continue to sell when the price recovers. At that point, the BTC/USDT pair may test the 80,600 USD area. If this support level is broken, the price of Bitcoin may drop significantly to 73,777 USD.

This negative scenario will be invalidated in the short term if the price continues to rise and breaks above the 20-day EMA line. At that point, the currency pair could increase to the psychological level of 100,000 USD.

Technical Analysis of ETH

The bounce back of Ether )ETH( is facing selling pressure around the 3,000 USD region, however, a positive signal is that the bulls have not given up much advantage to the bears.

![ngay-27-11-phan-tich])https://img-cdn.gateio.im/webp-social/moments-326c389aa38ea03181852ee5fd993589.webp(Daily ETH/USDT chart | Source: TradingViewThis indicates that the bounce back may extend to the 20-day EMA at 3,120 USD, followed by the previous breakout area at 3,350 USD. If the price turns down from the upper resistance zone, the bears will try to pull the ETH/USDT pair below 2,623 USD. At that point, the price of Ether could drop to 2,400 USD.

Buyers need to push and maintain the price above the simple moving average )SMA( 50-day at 3,596 USD to signal that the downtrend may have ended.

Technical Analysis of XRP

The recovery of XRP is facing selling pressure at the 20-day EMA level of 2.20 USD, but the bulls are still maintaining their pressure.

![])https://img-cdn.gateio.im/webp-social/moments-15eb7fc9f97fd1e4386bd65479508ea4.webp(XRP/USDT Daily Chart | Source: TradingViewIf the closing price is above the 20-day EMA, this indicates that the XRP/USDT pair may continue to oscillate within a downward channel for some time. A potential trend change will only be confirmed when buyers push the XRP price above the downtrend line.

Conversely, if the price sharply declines from the 20-day EMA, the bears will try to push the pair below the support line. If successful, the price of XRP could plummet to the important support area at 1.61 USD.

Technical Analysis of BNB

BNB is witnessing a fierce tug-of-war between buyers and sellers at the breakout zone of 860 USD.

![])https://img-cdn.gateio.im/webp-social/moments-6b396b0ec34e052b25f4cb34027210a1.webp(BNB/USDT daily chart | Source: TradingViewIf the price bounces back from the current area or from the 20-day EMA line at 911 USD, it indicates that the bears continue to sell as the price rebounds. This scenario increases the risk of breaking the 790 USD mark, opening up the possibility of a deeper decline to 730 USD.

On the contrary, if the BNB price bounces back and surpasses the 20-day EMA line, it indicates that the market has rejected the breakdown below 860 USD. At that point, the BNB/USDT pair may bounce back to the 50-day SMA line at 1,034 USD.

Technical Analysis of SOL

Solana )SOL( is facing selling pressure near the 20-day EMA at 144 USD, indicating that the bears are still actively operating at higher price levels.

![])https://img-cdn.gateio.im/webp-social/moments-cec5d39466cb41c4085175c548f00f75.webp(Daily SOL/USDT Chart | Source: TradingViewSellers will try to push the price of Solana below the support level of 126 USD. If successful, the SOL/USDT pair could plunge to 110 USD, followed by 95 USD. Bulls are expected to defend strongly at the 95 USD mark.

In an upward trend, buyers need to overcome the barrier at the 20-day EMA to regain control. At that point, the pair could bounce back to the 50-day SMA at 170 USD, where bears are likely to create significant resistance.

Technical Analysis of DOGE

The bounce back of Dogecoin )DOGE( from the support zone of 0.14 USD is currently encountering resistance at the EMA 20 line at 0.16 USD, indicating that the bears are trying to maintain control.

![])https://img-cdn.gateio.im/webp-social/moments-64b597a04b075fb01dfc1bec717b6b95.webp(DOGE/USDT Daily Chart | Source: TradingViewIf the price bounces back sharply from the 20-day EMA, the risk of breaking the support at 0.14 USD will increase. At that point, the price of Dogecoin could free fall to the bottom level on October 10, which is 0.10 USD, where buying pressure may attract bottom-fishing.

On the contrary, if the price breaks and closes above the 20-day EMA, it indicates that the bears are losing strength. The DOGE/USDT pair could then rise to the 50-day SMA at 0.18 USD, signaling that the price may continue to fluctuate within a wide range from 0.14 to 0.29 USD for some more time.

Technical Analysis of ADA

The price of Cardano )ADA( only increased slightly from the level of 0.38 USD, indicating that the bulls lack strong buying.

![])https://img-cdn.gateio.im/webp-social/moments-41410178f928e100f41ed6527bb4f88f.webp(Daily ADA/USDT Chart | Source: TradingViewBears will try to resume the downtrend by pulling the price below the 0.38 USD level. If successful, the ADA/USDT pair could drop to the panic low of 0.27 USD on October 10.

Buyers will face many difficulties ahead. Any efforts to bounce back are expected to encounter selling pressure at the breaking level of 0.50 USD, but if the bulls dominate, the price of Cardano may rise to the 50-day moving average at 0.58 USD. A close above the 50-day SMA indicates that the downtrend has ended.

Technical Analysis of HYPE

Hyperliquid )HYPE( has bounced back to the breakout level of 35.50 USD, where the bears are expected to mount strong defense.

![])https://img-cdn.gateio.im/webp-social/moments-772280edb1111e6f53b742a5d3f8320f.webp(HYPE/USDT daily chart | Source: TradingViewIf the price drops sharply from the current level, it indicates that the bears have turned the 35.50 USD level into resistance. This increases the risk of breaking below the 29.30 USD level. The HYPE/USDT pair could plunge to 24 USD.

The buyer will need to push and maintain the Hyperliquid price above the 50-day SMA at )39.48 USD( to signal a bounce back. If successful, this pair could rise to 44 USD and ultimately reach 51.50 USD.

Technical Analysis of BCH

The buyers are trying to maintain Bitcoin Cash )BCH( at the resistance level of 544.47 USD, but the bears continue to apply pressure.

![])https://img-cdn.gateio.im/webp-social/moments-f049775ac27e05cfcdeeddfe49643bbc.webp(Daily BCH/USDT Chart | Source: TradingViewIf the price drops below the moving averages, it indicates that breaking above the resistance could just be a bull trap. Bears will try to pull the BCH/USDT pair back to the strong support level at 443 USD.

On the contrary, a strong bounce back from the moving averages indicates that the bulls are buying in as the price drops. This increases the likelihood of breaking above the 568 USD level. The price of Bitcoin Cash could then soar to 606 USD.

Technical Analysis of LINK

Chainlink )LINK( has risen close to the 20-day EMA )13.88 USD(, where the bears are expected to pose a strong challenge.

![])https://img-cdn.gateio.im/webp-social/moments-dc275a148c3db59eb5b3e42c2ecbf45f.webp(Daily chart of LINK/USDT | Source: TradingViewIf the price drops from the 20-day EMA, the bears will try to pull the LINK/USDT pair down to the strong support level at 10.94 USD. Buyers are expected to defend the 10.94 USD level with all their might, as a break below this level could pull the pair down to 7.90 USD.

Conversely, breaking and closing above the 20-day EMA indicates that selling pressure is decreasing. Subsequently, this currency pair could rise to the 50-day SMA at )16.22 USD(. Closing above the 50-day SMA suggests that Chainlink's price may continue to fluctuate in the range of 10.94 USD to 27 USD for some more time.

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