Ethereum, Shiba Inu, Basic Attention Token Price Analysis: 26 November

As Bitcoin hit the $54,000-mark, the market slumped by marking over a 5% decline in the last 24 hours. Consequently, Ethereum and Shiba Inu correlated the bearish tendencies by marking a steady downfall in November.

On the other hand, BAT continued its uptrend and saw a 21.8% gain over the past day. 

Ethereum (ETH)

Source: TradingView, ETH/USDT

Bitcoin retraced after striking its ATH on 10 November. Likewise, ETH suspended its upswing rally from that day. The largest alt registered over 61% ROI (from 22 September) to touch its ATH on 10 November at $4,868. 

Then, as the bulls slowed down, bears took over by triggering an over 18% decline (from 10 November). As a result, the price action withdrew by marking a bearish pennant pattern (yellow) and touched its three-week low on 18 November after breaching the northern trend.

Although bulls tried to counter the sell-off, they were unable to maintain the $4,156-mark. At press time, the alt traded at $4,104.61 after a 6.4% 24-hour loss. The RSI was southbound and favored the bears at the 38-mark. Further, the DMI showed a one-sided preference for the bears. However, the ADX displayed a weak directional trend.

Shiba Inu (SHIB)

Source: TradingView, SHIB/USD

SHIB descended in a down channel throughout this month. The meme coin has lost more than half of its value since it struck its ATH on 28 October. 

However, on 19 November, SHIB saw a nearly 13.76% jump to $0.00005236. But possibly with increased profit-taking, bulls failed to hold their ground as the coin saw a 25.56% decline in just seven days. Consequently, it touched its one-month low on 26 November.

Despite this trajectory, SHIB army managed to grow to over a million holders as per Etherscan. At press time, SHIB traded at $0.00003879. The price transacted below its 4-hour 20-50-200

The RSI seemed to head south after preferring the bears. Also, the DMI chose the sellers after depicting their increased vigor. Nevertheless, the ADX displayed a weak directional trend.

Basic Attention Token (BAT)

Source: TradingView, BAT/USDT

BAT witnessed an aggressive growth over the past month by noting a 121.8% ROI (monthly). Since 28 October, the bulls triggered an uptrend as the price saw exponential gains. Consequently, it rallied to poke its 24-week high on 30 October at $1.4685. 

However, since 31 October, the bears displayed their vigor as the price action withdrew in a descending triangle. This phase marked a 29.13% retracement.  Nevertheless, the bulls did not lose their ground and further propelled the price action by over 75% in just two days.

As a result, the altcoin touched its ATH on 26 November, backed with high trading volumes. At press time, BAT traded at $1.54. The RSI stood at the overbought region and showed slowing signs. Further, DMI and MACD readings depicted a preference for the bulls but hinted at their decreasing strength.