
Here is the rewritten article in a format that is more readable and free of errors:
Market Analysis: A Look at 11 Cryptocurrencies
The cryptocurrency market has been experiencing significant fluctuations over the past few days. In this article, we will take a closer look at the current trends and analysis for 11 popular cryptocurrencies.
1. Bitcoin (BTC)
There is no specific information provided about Bitcoin in the original text. We will skip to the next cryptocurrency.
2. Ethereum (ETH)
No analysis is provided for Ethereum either.
3. Binance Coin (BNB)
Why is the BNB price up today? The article doesn’t provide a clear answer, but it suggests that bulls are trying to defend the $722 resistance level.
4. Dogecoin (DOGE)
The DOGE/USDT pair has rebounded off the support line of its ascending channel pattern. This indicates buying at lower levels and a possible push towards the resistance of the range, where bears may step in.
5. Cardano (ADA)
Cardano’s ADAX candlestick on Dec 3 showed a long wick, indicating aggressive selling by bears. However, buyers have not ceded much ground to bears, suggesting anticipation for an up move to continue. A break above $1.33 could lead to a surge to $1.50.
6. Avalanche (AVAX)
Avalanche surged above the $51 overhead resistance on Dec 2 and has held its ground against bear attempts to pull it back below $51. This suggests that bulls are in command, and a rally to $60 or $65 may occur if the price holds above $51.
7. Toncoin (TON)
Toncoin has started its northward journey toward the resistance of its large range ($4.44 to $8.29). Bears tried to stall the up move on Dec 3, but bulls held their ground. A break below the 20-day EMA ($6.19) could lead to a decline to the 50-day SMA ($5.47).
8. Shiba Inu (SHIB)
Shiba Inu successfully held its retest of the breakout level from its symmetrical triangle pattern on Dec 3, indicating a positive sentiment. Buyers will need to overcome the minor resistance at $0.000033 for a rally to $0.000039.
9. Polkadot (DOT)
No analysis is provided for Polkadot.
10. Solana (SOL)
No analysis is provided for Solana.
11. Chainlink (LINK)
No analysis is provided for Chainlink.
The article concludes by inviting readers to explore more articles and subscribe to the Markets Outlook newsletter, which provides critical insights to spot investment opportunities, mitigate risks, and refine trading strategies.
Please note that this summary does not contain investment advice or recommendations and is intended for informational purposes only.