Price analysis 11/19: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, SHIB, AVAX

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Bitcoin (BTC) fell below $ 56,000 on November 19, completing an almost 20% correction from the all-time high. The Crypto Fear & Greed Index, which has remained in the greed zone for most of the past two months, fell into the fear category with a reading of 34.

Cryptocurrency research firm Delphi Digital said in a recent report that Bitcoin’s sale was “largely due to a wave of sell-offs rather than a fundamental shift in the narrative,” and analysts have said. expect the withdrawal to be “relatively short-lived”.

Daily performance of the cryptocurrency market. Source: Coin360

The recent correction does not appear to have shaken long-term holders. According to the Hodl Waves metric, the supply held by investors who bought in the past 6 to 12 months climbed to 21.4% as of November 17, from 8.7% in early June.

Could lower levels attract big buys, causing a strong rally or will bears sell on rallies? Let’s study the charts of the top 10 cryptocurrencies to find out.