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Coin Edition 2024-11-30 21:00:00

Crypto Market Overbought? Analysts Predict Pullback Before 2024 Rally

Crypto Market Overbought? Analysts Predict Pullback Before 2024 Rally

Crypto analysts have predicted a potential pullback for the cryptocurrency market. Stellar (XLM) led the November crypto market surge after gaining 478%. Bitcoin’s proximity to $100,000 complicates analysts’ expectations. Crypto analysts predict a potential pullback for the market in December before the next uptrend begins. A recent analysis of November’s top 100 digital assets by performance highlighted an overheated funding rate . Stellar (XLM) led the market with a 478% gain over the last 30 days. Virtual Protocol (VIRTUAL) ranked second with a 336% profit, while XRP and Algorand (ALGO) tied for third, each gaining 268% in November. Read also: Stellar (XLM) Price Prediction 2024-2030: Will XLM Price Hit $1 Soon? Bitcoin Breaks Records, Nears $100K Donald Trump’s U.S. presidential victory fueled the November rally, breaking months of upside speculation. Bitcoin surged 48% since November 5, hitting a new all-time high of $99,800, according to TradingView . BTC surpassed the pre-halving high of $73,000, leading the broader market uptrend. (adsbygoogle = window.adsbygoogle || []).push({}); In the meantime, the recent crypto market s… The post Crypto Market Overbought? Analysts Predict Pullback Before 2024 Rally appeared first on Coin Edition .

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