Convergence

bullish

Dogecoin

Divergence

<p>Amid ongoing market turmoil, top cryptocurrencies have recorded a significant correction in their values. However, whales have taken advantage of this situation by increasing their hold and stacking more tokens at a discounted price.</p>  
<p>With the increased price volatility in the crypto space, is this a crucial time to invest in these cryptocurrencies to maximize your profits during the bull market post-election? In this article, we have covered the top 3 tokens, that can dominate the market this month.</p>  
<h2 class="wp-block-heading" id="h-bitcoin-btc">Bitcoin (BTC)</h2>  
<p>With a drop of 2.08% in the past 24 hours, the Bitcoin price has retested its support level of $68,000. However, it has jumped 11.33% during the past month and has a YTD return of +61.63%, highlighting a long-term bullish action.</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/03225552/image-21-1024x538.png" alt="Bitcoin Price Analysis 03rd November 2024" class="wp-image-375460">
 <figcaption class="wp-element-caption">
  TradingView: BTC/USDT
 </figcaption>
</figure>  
<p>The RSI indicator has failed to breach the overbought range in the 1D time frame. This has resulted in a sharp downtrend in its price chart. Further, it indicates a negative outlook for the Bitcoin price in the coming time.</p>  
<p>If the bullish sentiment resurfaces, the BTC coin price could retest its ATH of $73,750.07 this month. On the other hand, if a bearish sentiment intensifies, the star crypto could retest its low of $60k.</p>  
<p>Also, read <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin (BTC) Price Prediction</a>!</p>  
<h2 class="wp-block-heading" id="h-ethereum-eth">Ethereum (ETH)</h2>  
<p>The Ethereum price has recorded a neutral trend over the past seven days, with a variation of less than 2% in valuation. This indicates a weak buying and selling pressure for the altcoin leader in the cryptocurrency market.</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/03225555/image-22-1024x537.png" alt="Ethereum Price Analysis 03rd November 2024" class="wp-image-375461">
 <figcaption class="wp-element-caption">
  TradingView: ETH/USDT
 </figcaption>
</figure>  
<p>The Moving Average Convergence Divergence (MACD) shows a constant red histogram in the 1D time frame with its averages recording a neutral price trend. Moreover, the EMA 50-day acts as a resistance, suggesting a mixed-price action.</p>  
<p>If the market favors the bulls, the ETH coin price could retest its upper resistance level of $2,800 during the upcoming time. Conversely, if the bears outrun the bulls, the altcoin leader could retest its crucial support level of $2,200.</p>  
<h2 class="wp-block-heading" id="h-dogecoin-doge">Dogecoin (DOGE)</h2>  
<p>Despite recording a correction of 6.36% in the past 24 hours and a trading volume of $1.570 billion, the DOGE coin price has jumped 9.91% over the past week and 40.47% during the past month. With a YTD return of 69.62%, it indicates a long-term bullish sentiment.</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/03225558/image-23-1024x539.png" alt="Dogecoin Price Analysis 03rd November 2024" class="wp-image-375462">
 <figcaption class="wp-element-caption">
  TradingView: DOGE/USDT
 </figcaption>
</figure>  
<p>The SMA indicator has recorded a bearish convergence in the DOGE price chart. Further, the RSI has displayed a significant drop in the 1D time frame. This suggests a negative outlook for the memecoin leader in the coming time.</p>  
<p>Suppose, the bulls regain momentum, the Dogecoin price will retest its upper resistance level of $0.18225. On the contrary, if the bears dominate the market, this meme coin will plunge toward its support level of $0.127 this month.</p>  
<p>Also, read <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin (DOGE) Price Prediction</a>!</p>

Whales Are Buying These Altcoins Ahead Of U.S. Election 2024?

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