Price analysis 11/26: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, AVAX, SHIB


Bitcoin (BTC) and most of the major altcoins sold with global stock markets and crude oil on November 26. Markets have been shaken by news of a new variant of coronavirus detected in South Africa which worries scientists due to its large number of mutations in the spike protein.

The sharp drop resulted in cross-sellouts of more than $ 750 million over a 24-hour period, but funding rates between exchanges remain high. This suggests that the sale may not be over yet.

Daily performance of the cryptocurrency market. Source: Coin360

Bitcoin’s monthly close for November is unlikely to hit analyst PlanB’s worst-case scenario of $ 98,000. It will be the first misfire after the model accurately predicts month-end price levels for August, September, and October. However, the creator of the stock-to-flow model believes that the target goal of $ 100,000 for Bitcoin in this halving cycle is still valid.

Is the current drop a tantalizing deal for Black Friday or the start of a near-term bearish phase? Let’s study the charts of the top 10 cryptocurrencies to find out.