Jakarta, Pintu News – The crypto market continues to perform above expectations, with the total market capitalization breaking $4.06 trillion. This rise in valuation was largely driven by a surge in 24-hour trading volume that reached $174.56 billion.
Furthermore, the Fear & Greed Index stands at 62, signaling strong investor confidence. Meanwhile, the Altcoin Season Index stands at 38/100, showing Bitcoin’s dominance is still strong.
Quoting the Coinpedia report (11/8), this week’s momentum is supported by three main factors:
Curious where the prices of the top three cryptos-Bitcoin (BTC), Ethereum (ETH), and XRP (XRP)-will go this week? Check out the full weekly price predictions, according to Coinpedia.
Bitcoin managed to break out of the price range it had been in for several weeks, crossing the $120,500 resistance and moving closer to the All-Time High of $123,091.
Read also: Bitcoin Falls to $118K on Aug 12, but Analysts See Potential Rebound to $130K

On the 4-hour chart (11/8), there is strong momentum with the price moving along the upper Bollinger Band. The RSI indicator is at 76.64, signaling a solid uptrend but a potential short-term correction.
If buyers are able to break the $123,500 zone, BTC price has a chance to target $127,000 as the next major resistance. However, if sellers start taking control, the initial support is at $120,500, with deeper support at $117,500.
Ethereum recorded a significant breakout above the $4,000 resistance, closing trading in the $4,300 range and testing the $4,402 zone.

On the 4-hour chart (11/8), the price movement still looks positive with a pattern of higher highs and higher lows, reinforced by the RSI which is above the 70 level.
If ETH price is able to break $4,400, the next upside target is in the range of $4,720 – $4,800. However, failure to break this level could trigger a correction towards $4,140, or even $3,885 for a healthy retest.
Read also: Mysterious Institution Buys almost $1 Billion Ethereum in 1 Week!
XRP continued its steady rise, supported by legal certainty post the settlement of the Ripple-SEC case as well as the strengthened risk-on sentiment in the market.

The 4-hour chart (11/8) shows a consolidation phase between $3.15 support and $3.36 resistance, with narrowing Bollinger Bands signaling a potential spike in volatility. The RSI is at 54.31, giving room for the price movement to rise further.
If the price is able to break $3.50, the path to $3.80 – $4.00 will open up. However, if the $3.15 support is lost, XRP risks dropping back to $2.85.
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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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