Market Overview: November 14
On November 14, Bitcoin and a selection of major altcoins entered a tightly controlled bearish phase. Systematic dashboards indicated that 11 out of 11 tracked cryptocurrencies were experiencing short-term and daily downtrends. The daily Relative Strength Index (RSI) readings across this basket remained subdued, falling within a 30–45 band, with an average around 37. This suggests underlying pressure without outright capitulation, as liquidity thins and prices consolidate within well-defined support and resistance zones.
Bitcoin (BTC) and Ethereum (ETH) Analysis
Bitcoin (BTC) continues to serve as the market's benchmark, trading within a narrow corridor. Support is established around the $95,000–$96,000 range, while resistance is observed near $97,000–$98,000. The cryptocurrency's 20-, 50-, and 200-day Exponential Moving Averages (EMAs) are all positioned above the current spot price, reinforcing bearish daily and weekly structures. The daily RSI hovers in the low-30s, indicating weak momentum rather than a potential bottoming out.
Ethereum (ETH) exhibits a similar trading posture, confined between $3,050–$3,100 support and $3,200–$3,300 resistance. Like Bitcoin, ETH is capped by overhead EMAs, and its daily RSI is also in the low-30s. This suggests range-bound trading with a potential for continued downward price action.
Layer-1 Altcoins and Infrastructure Projects
High-beta layer-1 cryptocurrencies are reflecting the broader market sentiment. Solana (SOL) is defending the $135–$138 support level, with sellers consolidating against resistance between $142–$145. Its daily RSI is around 31, and both intraday (1-hour/4-hour) and daily trends are aligned downwards.
Avalanche (AVAX) is trading in the mid-$15 range, caught between $15.00–$15.20 support and $15.80–$16.50 resistance. NEAR Protocol (NEAR) is oscillating within a $2.30–$2.55 band. Cardano (ADA) is maintaining a range of approximately $0.51–$0.54, with its RSI in the mid-30s. All three key EMAs are above ADA's price, a classic indicator of "rallies to sell" rather than a clear reversal setup.
Infrastructure and Decentralized Physical Infrastructure Networks (DePIN)-adjacent tokens are also showing constrained upside. Chainlink (LINK) is trading in the mid-teens, with support at $13.90–$14.00 and resistance at $14.50–$15.00. Its daily RSI is in the mid-30s, and intraday bounces have been rejected near the 20- and 50-day EMAs. Filecoin (FIL) is defending the $1.90–$2.00 zone but struggling to sustain upward movement above $2.15–$2.30. Decentraland (MANA) is trading between approximately $0.19–$0.23, with both tokens displaying bearish 1-hour/4-hour momentum and daily trends remaining below long-term moving averages.
Legacy and Retail-Favorite Tokens
Established and popular cryptocurrencies are also exhibiting downward pressure. Litecoin (LTC) is holding $94–$95 support against $97.50–$99 resistance. However, declining volume and a bearish structure on the 4-hour chart suggest that traders are treating any strength as an opportunity to reduce risk.
JasmyCoin (JASMY) is trading just below the one-cent mark, with support clustered around the mid-0.8-cent area and resistance near 0.9–0.92 cents. Its RSI is in the high-30s, and the intraday trend is firmly negative.
Technical Indicators and Trading Strategy
Underlying technical analysis from CoinMarketDarts reveals a consistent market picture. Momentum is bearish across 1-hour and 4-hour timeframes, daily trends are downward, and even weekly structures lean negative, with all 11 analyzed assets trading below stacked EMAs.
For traders and risk managers, this translates to a "range with a downside bias" environment where defined support and resistance levels are paramount. The prevailing sentiment suggests that until daily RSI readings move toward neutral territory and prices reclaim key EMAs, the recommended strategy is to fade rallies, manage risk conservatively, and await confirmed trend inflections rather than chasing potential breakouts, particularly within the more volatile altcoin market.
