BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, SHIB, AVAX

Bitcoin (Bitcoin) Fell below $56,000 on November 19, completing nearly 20% callback from the highest point in historyThe cryptocurrency fear and greed index, which has been in the greed zone for most of the past two months, has fallen into the fear category with a reading of 34.

Cryptocurrency Research Company Delphi Numbers stated in a recent report Bitcoin’s sell-off was “mainly driven by a wave of liquidation rather than a fundamental shift in narrative,” and analysts expect this pullback to be “relatively short-lived.”

Daily cryptocurrency market performance. source: Coin 360

The recent adjustment does not seem to shake long-term holders. According to the Hodl Waves indicator, Investor-held supply As of November 17, the number of purchases in the past 6 to 12 months has soared from 8.7% in early June to 21.4%.

Will the lower levels attract strong buying, leading to a sharp recovery, or will the bears sell when they rebound? Let’s study the charts of the top 10 cryptocurrencies to find out.