The post Daily Market Review: ADA, SUI, TOTAL3, DOGE appeared on BitcoinEthereumNews.com.

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.  General Market Review 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. 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. Total Market Cap Excluding Bitcoin and Ethereum | Snap: Source: X Cardano Price Review 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. ADA 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. With this kind of upward momentum, shorter moving averages (e.g., the 50 SMA)…

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Filed under: News - @ November 10, 2024 2:27 pm