Price analysis 11/1: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC
Bitcoin is facing difficulties in surpassing the resistance level at $35,000, which suggests the potential for a short-term retracement or pullback in its price.
David Becker 
Here's a summary of the recent price analysis for various cryptocurrencies:
**Bitcoin (BTC):** Bitcoin has experienced a significant rally, gaining 28.5% in October, marking its second-best monthly performance of the year after January. However, it's currently facing resistance around $35,280, with potential for a short-term pullback. The RSI suggests consolidation, and the key levels to watch are $35,280 on the upside and $33,390 on the downside.
**Ethereum (ETH):** Ethereum is holding above the breakout level of $1,746, but it's struggling to initiate the next uptrend. The critical support level to monitor is $1,746, and if it turns into support, a move above $1,865 could be expected. The resistance at $2,000 may be challenging for bulls.
**Binance Coin (BNB):** Binance Coin is finding it difficult to maintain levels above $230, indicating a drop in buying interest. The support zone between $223 and the 20-day EMA at $220 is a critical area to watch. A rebound from this zone may lead to another attempt to breach the overhead resistance at $235.
**XRP:** XRP has broken above the resistance at $0.56, with the RSI in the overbought zone, suggesting a slight bullish advantage. Bulls may aim to push the price towards $0.67, but a drop below $0.56 and the 20-day EMA could lead to a decline to the 50-day SMA.
**Solana (SOL):** Solana has been on a strong recovery, recently breaking above the resistance at $38.79. However, the RSI indicates overbought conditions, which may make it challenging for the bullish trend to continue. A close below $38.79 could result in a pullback to $34.
**Cardano (ADA):** Cardano experienced a short-term pullback from the resistance at $0.30, suggesting profit-taking by traders. The 20-day EMA at $0.28 is the nearest support level to monitor. A rebound from this level could pave the way for another test of $0.30.
**Dogecoin (DOGE):** Dogecoin has been struggling to stay above $0.07, indicating that sellers are active at higher levels. The 20-day EMA at $0.06 is a crucial level to watch. A strong rebound from this level may lead to another attempt to break the resistance at $0.07.
**Toncoin (TON):** Toncoin has been trading within a range between $1.89 and $2.31. The resistance at $2.31 is being challenged by bears. If the price rebounds from the moving averages, it may signal a shift in sentiment and a potential rally above $2.31.
**Chainlink (LINK):** Chainlink has been trying to breach the resistance at $11.50, but it's facing resistance from bears. A drop towards the 20-day EMA at $9.80 is possible. If it rebounds from this level, it may target $11.50, $13.50, and $15.
**Polygon (MATIC):** Polygon has been attempting to break above the $0.66 resistance but hasn't succeeded. It may consolidate within the range of $0.60 and $0.66. Rising moving averages and a positive RSI signal an advantage for the bulls, but bears may aim to push the price below $0.60.
Please note that cryptocurrency markets can be highly volatile, and it's essential to conduct thorough research and consider multiple factors when making investment decisions.
