Professional Crypto Market Analysis
November 2, 2026 | Trader & Analyst
General context
Fear & Greed ≈ 37 (Fear). BTC consolidating around ~$77,800–$78,000 after the Binance hack. U.S. ISM Manufacturing 55.5 (better than expected) strengthens the USD and puts short-term pressure on risk assets. Stablecoin dominance rising (risk-off).
1. Total Market Cap Excluding BTC (~1,023T)
Trend: Clearly bearish (Supertrend Down, price below all EMAs 20/50/100/200).
Indicators: RSI 34–38 (approaching oversold). MACD negative.
Key levels: Support 1.00T / 994B | Resistance 1.05T–1.07T.
Entries:
Short-term long: Confirmed bounce above 1.02T or 1.00T (SL below 994B). Short: Clean break below 994B toward 980B. Long term: Accumulation if it holds above 900–950B.
2. USDT Dominance (~6.95%)
Trend: Bullish (money flowing into stablecoins).
Outlook: Institutional risk-off. Resistance at 7.0–7.2%. As long as it keeps rising, altcoins will remain under pressure.
Implication: Be cautious with altcoin longs until it falls below 6.8%.
3. VIX (~18.4)
Moderate. No extreme panic. Allows for technical bounces, but does not fuel a strong risk rally.
4. USDT
Stable at ~0.998–1.00. Normal behavior. No signs of extreme stress in stablecoins.
5. AAVE/USDT (~131)
Trend: Bearish (below EMAs, Supertrend Down).
Indicators: RSI ~39–40. MACD negative.
Levels: Support 126–120 | Resistance 136–140.
Entries:
Short-term long: Bounce above 130–131 with volume (SL 126). Targets 136–140. Short: Daily close below 126 toward 120–110. Long term: Interesting accumulation zone near 120 if it holds.
6. SOL/USDT (~94)
Trend: Strongly bearish.
Indicators: RSI 28–35 (clearly oversold). Price below all moving averages.
Levels: Support 94 / 90 / 85 | Resistance 98–101.
Entries:
Short-term long (bounce): 94–92 (SL 90). Targets 98–101. Short: Break below 92 toward 86. Long term: Attractive accumulation zone at 85–90..$AAVE $SOL $WLD