Technical Analysis for November 20: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, BCH, ZEC

The bulls are striving to maintain the price of Bitcoin (BTC) above the important psychological level of 90,000 USD, but the bears continue to increase pressure. Data from Farside Investors shows that spot Bitcoin ETF funds continued to see outflows of 372 million USD on Tuesday, marking a streak of five consecutive sessions of capital withdrawal. This reflects the prevailing pessimistic sentiment in the market, as investors remain cautious with the “catch the bottom” strategy.

In a recent statement, Mark Yusko – founder of Morgan Creek Capital – noted that Bitcoin has entered a bear market, but this correction may be lighter than previous cycles. He believes that the continued expansion of institutional capital, the cooling of leverage, a favorable macroeconomic environment, and the depreciation of fiat currency will provide long-term support for BTC.

So how much deeper can Bitcoin and the top altcoins fall? Let's analyze the charts of the 10 largest cryptocurrencies to find the answer.

Technical Analysis of BTC

BTC fell below the 90,000 USD mark on Tuesday, but the bulls quickly bought in – as shown by the long lower wick.

Daily BTC/USDT Chart | Source: TradingViewThe bears are still not letting go, as they are selling heavily at every bounce and are trying to pull the price of Bitcoin below 89,253 USD. If successful, the downtrend could extend down to 87,800 USD and then to 83,000 USD.

All recovery efforts are expected to face strong selling pressure at the psychological threshold of 100,000 USD. If the price turns down from this level, it indicates that the bears have turned it into resistance – increasing the risk of a deeper correction.

Conversely, the bulls need to push and maintain the price of BTC/USDT above the resistance of 100,000 USD for the recovery signal to become clearer.

Technical Analysis of ETH

Ether (ETH) is witnessing a fierce struggle between the bulls and the bears around the 3,000 USD region.

ETH/USDT daily chart | Source: TradingViewEvery recovery is expected to face significant pressure at the 20-day EMA (3.365 USD). If the price drops sharply from the 20-day EMA, the risk of breaking the 2,946 USD mark will increase. At that point, the ETH/USDT pair could plummet towards the 2,500 USD area.

On the contrary, if the price exceeds and closes above the 20-day EMA, this indicates that the market has rejected the previous breakdown below 3,350 USD. At that point, the price of Ether may advance towards the 50-day SMA (3.824 USD).

Technical Analysis of XRP

Buyers attempted to trigger a recovery of XRP on Tuesday, but bears continued to sell heavily at higher price levels.

XRP/USDT daily chart | Source: TradingViewThe bears will seek to pull the XRP/USDT pair down to the support line of the descending channel – an important support zone to watch. If the price rebounds from the support line and breaks above the 20-day EMA at 2.31 USD(, this indicates that the currency pair may continue to move within the channel for a while.

If on the contrary, the price breaks through the downward channel and closes below it, the door for a decline towards the strong support area of 1.61 USD will open.

Technical Analysis of BNB

Buyers are trying to keep BNB above the 860 USD mark, but the bears are still maintaining significant pressure.

![ngay-20-11-phan-tich])https://img-cdn.gateio.im/webp-social/moments-ed55df3be4560f5a1209a58e4ffac217.webp(Daily BNB/USDT Chart | Source: TradingViewThe bears will try to pull BNB below the support of 860 USD and extend the correction to 730 USD.

On the contrary, if the price rebounds and surpasses the 20-day EMA )971 USD(, it indicates that the selling pressure is weakening. The BNB/USDT pair could rise to 1.019 USD and then to the 50-day SMA )1.078 USD(. This scenario signals the potential for a sideways phase within the range of 860–1.183 USD.

Technical Analysis of SOL

Solana )SOL( has bounced from support at 126 USD on Tuesday, but the rebounds continue to be sold off.

![ngay-20-11-phan-tich])https://img-cdn.gateio.im/webp-social/moments-3b7415ab257804a6a8e5514f08629384.webp(Daily chart of SOL/USDT | Source: TradingViewThe bears will continue to try to pull the price down below the support at 126 USD. If successful, SOL could plunge to the next major support zone at 95 USD.

In another scenario, if the price rises from the current zone or from 126 USD and surpasses the EMA 20 line at )154 USD(, it indicates that the bulls are returning. At that point, the SOL/USDT pair could head towards the 50-day SMA at )183 USD(, where selling pressure is likely to emerge again.

Technical Analysis of DOGE

Dogecoin )DOGE( has risen from 0.15 USD on Tuesday, but the weak rebound indicates that the bulls are not yet really strong.

![])https://img-cdn.gateio.im/webp-social/moments-89b40c0cea5d40e6afb5a5f1e0a49139.webp(Daily chart of DOGE/USDT | Source: TradingViewThe bears will try to pull the price of Dogecoin down to 0.14 USD, where the bulls are expected to show up. The bullish divergence on the RSI indicator indicates that selling pressure is easing and there is a possibility of a technical rebound.

The bulls will need to push the DOGE/USDT pair above the 20-day EMA to strengthen the recovery momentum. At that point, the price could move up to the 50-day SMA )0.19 USD(.

On the contrary, if DOGE loses the support level of 0.14 USD, the selling pressure may accelerate, pulling the price down to the low of October 10 at 0.10 USD.

Technical Analysis of ADA

Cardano )ADA( continues to trend down deeply below the 0.50 USD threshold, indicating that the bears are still in control of the market.

![])https://img-cdn.gateio.im/webp-social/moments-c95f04cf842881a4e3fbf133793c19aa.webp(ADA/USDT Daily Chart | Source: TradingViewCurrently, ADA has minor support at 0.45 USD, but if this level is breached, the ADA/USDT pair could slide down to 0.40 USD. Cardano's price is likely to see a recovery from the 0.40 USD area, but selling pressure might soon return at the 0.50 USD zone. If the price reverses down from 0.50 USD, it indicates that the bears have turned this level into resistance. At that point, the pair could continue to drop to the bottom level on October 10 at 0.27 USD.

To alleviate selling pressure, the bulls need to push the price above the 20-day EMA )0.54 USD(. If successful, ADA could advance to the 50-day SMA )0.64 USD( and then aim for 0.74 USD.

Technical Analysis of HYPE

Hyperliquid )HYPE( has touched the 50-day SMA )41.51 USD( on Tuesday, but the bulls could not break through this resistance level.

![])https://img-cdn.gateio.im/webp-social/moments-c891469a43cb42c2670d56c593fe8ec2.webp(Daily chart of HYPE/USDT | Source: TradingViewThe price then reversed and the bears are trying to pull the HYPE/USDT pair below the support of 35.50 USD. If successfully broken, the selling momentum could accelerate and the price of Hyperliquid risks plunging to 28 USD.

The first strength signal will appear when the price rises above and closes above the 50-day SMA line. At that point, the currency pair could bounce up to 44 USD and then 52 USD, where a strong defense from the bears is expected to be established.

Technical Analysis of BCH

The bulls have attempted to push Bitcoin Cash )BCH( up to the resistance level on Tuesday, but the bears are still holding their ground.

![])https://img-cdn.gateio.im/webp-social/moments-172fb65ea3354ffc62165b956d01022b.webp(Daily BCH/USDT Chart | Source: TradingViewThe price of Bitcoin Cash then reversed sharply and pierced below the moving averages. Sellers will seek to consolidate their advantage by pushing the price below the support level of 443 USD. If successful, the BCH/USDT pair may plunge straight to the lower support.

To end the correction phase, the bulls need to push the price above and maintain it over the resistance line. At that point, BCH could recover to 580 USD and then to 615 USD.

Technical Analysis of ZEC

Zcash )ZEC( is facing strong resistance at 750 USD, but the bulls remain determined not to let the price fall below the 20-day EMA )536 USD(.

![])https://img-cdn.gateio.im/webp-social/moments-678184d5c4471ef4607356e31c373e90.webp(ZEC/USDT daily chart | Source: TradingViewThe upward slope of the moving averages indicates an advantage for the bulls, but the bearish divergence on the RSI indicator shows that momentum is weakening — increasing the risk of the price breaking below the 20-day EMA. If this scenario occurs, the ZEC/USDT pair may drop to the 424 USD region.

The bulls need to defend the 20-day EMA line if they want to maintain their advantage. If Zcash rebounds from the current price range or strongly recovers from the 20-day EMA line, the bulls will again attempt to push the price above the 750 USD level.

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