The leading cryptocurrency Bitcoin along with the downward price movements it recorded, it first broke the support zone at the 63.000 dollar levels and then the support zone at the 60.000 dollar levels and fell to the 59.000 dollar price levels. Ethereum, the second largest cryptocurrency on the market in terms of market capitalization, lost some value and approached the $4,000 support level and began trading at $4,100 price levels.
Binance Coin (BNB)
Showing a high price performance with upward price movements that began to be recorded at the beginning of October Binance Coin On November 5, it exceeded the $600 price band, which is a significant resistance level, and experienced a high increase in value. However, along with the general decline in the market, the BNB began to record downward price movements. BNB, which has found support for itself at the resistance levels it has exceeded, has encountered a buying reaction at the 600 dollar price levels more than once during the week. However, as the leading cryptocurrency fell below the 60.000 dollar price levels, it broke the support level in the 600 dollar region and declined to the 570 dollar price levels.
Solana SOL, the local cryptocurrency of the blockchain, managed to overcome strong resistance levels in a short time, showing an impressive price performance in 2021. Together with the upward movements recorded by the LEFT, it also reached an all–time high (SOL ATH: 259.96 – CoinGecko). The LEFT, which lost some value after the peak price levels it recorded, gained downward momentum on the chart after the high-rate decline in Bitcoin and declined to the 215 dollar price levels.
AVAX, which has shown a high price performance in recent months with its upward price movements, exceeded the 100 dollar price levels (AVAX ATH: 102.04 USD – CoinGecko) and reached an all-time high. AVAX along with the downward price movements recorded by the leading crypto currency, it became one of the rare crypto currencies that stood strong on the chart despite the general downward trend in the market. AVAX, which made a low-rate correction move after the peak price levels it recorded, started trading at the price levels of 98 dollars.
The information contained in this article absolutely does not contain investment advice. Investors should know that crypto currencies have high volatility, so they carry risks, and they should conduct their transactions in accordance with their own research.