Avalanche jumps on elevated volume as Bitcoin remains below its daily averages, XRP turns oversold, and Solana holds near its lower Bollinger Band today.
Bitcoin rebounds but stays below two falling averages
Bitcoin closed Monday at $75,253.10, up 0.69%, after trading between $73,601.80 and $75,500. The session formed a higher low than Sunday’s $73,444.30 trough and recovered the September 15 low of $74,891.50 at the close.
The latest price was almost unchanged from the $74,473 recorded in our November 9 Bitcoin analysis. Monday’s positive close and the current 24-hour decline cover different periods. The four-hour candle ending Tuesday at 04:00 UTC closed at $74,464.30, showing that the early move had already surrendered the recovered $74,891.50 level on the shorter timeframe.
The 20-day exponential moving average declined to $78,106.41, while the 50-day EMA fell to $79,232.22. Price remained below both, and the faster average stayed beneath the slower one. The rebound therefore improved the latest candle without changing the broader bearish alignment.
A daily close above $75,625 would repair the first part of Sunday’s breakdown. Bitcoin would then need to reclaim the 20-day EMA and the 50-day EMA to improve the trend position. A close below Monday’s $73,601.80 low would weaken the rebound; losing $73,444.30 would confirm a fresh extension below Sunday’s 60-session low.
XRP enters oversold territory as the $1.07 area holds
XRP fell 1.27% on Monday to close at $1.09760. Its $1.07502 low marked the weakest price of the latest 60 completed daily sessions and extended the sequence of lower lows that followed last week’s break beneath October support.
The latest $1.092 price was 9.75% below the $1.21 recorded in our November 6 XRP analysis. That report tracked momentum before the October floor failed. Monday’s low also tested the $1.11–$1.07 support region highlighted in separate XRP coverage on November 9.
Daily RSI, calculated across 14 sessions with Wilder smoothing, declined to 26.69 from 27.72. A reading below 30 confirms oversold momentum, but it does not confirm that a price bottom has formed. The latest completed four-hour RSI stood at 30.78 as price closed at $1.09196.
A daily close above Monday’s $1.12503 high would provide the first evidence of recovery. XRP would still need to reclaim the former October floor at $1.19685 to challenge the wider breakdown. A close below $1.07502 would confirm another decline, bringing the psychological $1 level and the August 14 low near $0.98471 into focus.
Avalanche rebound draws elevated exchange volume
Avalanche gained 9.03% on Monday to close at $8.645, rebounding from a $7.806 low and reaching $8.999. The close recovered the preceding four daily closing prices, although it remained below the November 4 high of $9.14.
About 1.00 million AVAX traded on the spot USD pair, compared with a preceding 20-session average near 364,400 AVAX. Monday’s turnover was 2.74 times that average and more than five times Sunday’s volume. This is genuine per-candle exchange volume, separate from the market-wide total in the table.
The move occurred after Avalanche was selected as the settlement ledger for an upcoming tokenized-securities platform covered in The Crypto Basic’s November 9 market roundup. The price and volume data show that participation increased, but they do not isolate how much of the move came from that announcement.
A daily close above $8.999 would clear Monday’s high, while a close above $9.14 would confirm a break of last week’s peak. October 21’s $10.042 high would then become the next structural reference. Failure to clear $8.999 would leave AVAX within its recent decline, and a close below $7.77 would invalidate Monday’s rebound.
Solana stabilizes just above its lower Bollinger Band
Solana closed Monday at $86.61, up 0.20%, after trading between $85.05 and $88.37. The gain stopped the immediate decline, but the session remained inside Sunday’s wider range and did not recover the previous $89.88 high.
The latest $85.73 price was 16.44% below the $102.60 recorded in our October 24 Solana analysis. Solana was also named in November 9’s market roundup after Formation Securities filed notice of a proposed tokenized-equities venue on the network. Price nevertheless remained under pressure over the latest 24 hours.
Daily Bollinger Bands use a 20-day simple moving average with two population standard deviations. The midpoint declined to $96.213, the upper band stood at $108.12, and the lower band fell to $84.306. Monday’s close held above the lower band but remained well below the midpoint.
A close above $88.37 would clear Monday’s high and begin a recovery toward the midpoint. Regaining $96.213 would materially improve the setup, although the band will change with later closes. A close below $85 would confirm a break of the weekend floor; losing the lower-band area would extend the decline rather than establish a confirmed oversold reversal.
Algorand remains below its first retracement level
Algorand gained 1.34% on Monday to close at $0.09225. The session reached $0.09577 but gave back most of the advance before the close. Its $0.08932 low held above Sunday’s $0.0888 trough, leaving a tentative higher low without a confirmed recovery.
Fibonacci retracements measure the downward move from the October 21 high of $0.11653 to the November 8 low of $0.0888. The 23.6% recovery level sits at $0.095344, while the 38.2% level stands at $0.099393. Monday traded above the first level intraday but closed back below it.
A daily close above $0.095344 would confirm the first retracement and improve the approach to $0.099393. If both levels are recovered, the 50% retracement at $0.102665 would become a conditional next test. These are retracement levels of the completed decline, not guaranteed targets.
A close below $0.0888 would invalidate the higher-low attempt and expose the September 16 low at $0.08507. The latest four-hour candle closed at $0.09283, which keeps the early Tuesday move between the first retracement and the November low.