Cardano stays near $0.85 as Ethereum gains momentum. Analysts highlight Kaspa and Solana as top altcoins heading into November.
The crypto market is demonstrating some bullish strength as November approaches, with major altcoins holding key levels. Cardano ($ADA) continues to trade around $0.85, with solid support despite wider market volatility. At the same time, Ethereum is gaining solid momentum, a signal that investor confidence for large-cap assets is returning.
Analysts now list Kaspa (KAS) and Solana (SOL) as the top altcoins to buy for November, citing increasing network activity and growing interest from institutions. Besides these two, MAGACOIN FINANCE has also attracted the attention of investors as a promising addition for those looking for a chance to invest and grow their capital early in the next cycle.
Cardano (ADA) Holds Support at $0.85
Cardano (ADA) is trading around $0.85, moving inside a descending channel but showing signs of a potential breakout. The next move could determine whether ADA is about to rally towards $1.10 or is range-bound with $0.90 acting as the key resistance point.
Analyst Ali recently identified $0.90 as the key turning point for Cardon’s next move. The token is approaching the upper limit of its descending channel and gaining momentum for this position. A breakout above $0.90 may lead to a rally towards $1.10 with interim targets of around $0.95 and $1.02.
Source:X
The 4-hour chart shows ADA trading in a falling channel since mid-September. Support is firm at the $0.81 – $0.83 area, corresponding to significant Fibonacci retracements. Immediate resistance is between $0.88 and $0.90. If buying pressure holds, upside targets are $0.95, $1.02, and $1.11. Increasing trading volume close to resistance is an indicator of accumulation by the traders looking for a breakout.
Investor profit-taking has also cooled over recent weeks, which has eased selling pressure. Santiment data reveals that the Network Realized Profit/Loss (NRPL) indicator has made lower peaks since September, indicating fewer events of profit booking. On September 24, more than 51.5 million ADA were sold at a profit, but this activity has declined, indicating renewed investor conviction.
The percentage of ADA in profit has risen to 78.62%, up from 69.21% on September 24. This shift represents an increasing demand with space for more growth before reaching overheated levels above 90%. Retail participation is also increasing. CoinGlass data shows Cardano Futures Open Interest (OI) increased by over 5% in the past 24 hours to 1.72 billion. The rise in OI indicates traders are building new long positions as they expect more gains.
Ethereum Builds Momentum as Liquidity Improves
Ethereum has been strengthening after a period of consolidation, reclaiming key support above $4,500. Institutional inflows into Ethereum ETFs and strong activity on-chain continue to support bullish sentiment.
Analysts believe Ethereum’s performance could become a precedent for altcoins for November onwards. Improved liquidity and declining exchange balances are an indication of confidence among the long-term holders. As Ethereum consolidates near a key resistance level, traders are looking for a breakout that could boost the entire market.
Analysts Rank Kaspa and Solana Top Altcoins for November
Market strategists are turning their attention to Kaspa and Solana as the leading altcoins for November. Kaspa’s unique blockDAG technology has attracted attention for enabling instant transactions and strong scalability. Its growing ecosystem and rising developer activity make it one of the most innovative networks this quarter.
Solana (SOL) is also showing renewed strength with increasing developer participation and DeFi adoption. Analysts expect Solana to maintain leadership among top altcoins due to its fast transaction speeds and expanding use cases. The network’s resilience continues to attract both institutional and retail investors.
Besides the two leading altcoins, analysts have observed a promising trend forming around MAGACOIN FINANCE. The project has gained traction for its strong market structure and consistent growth despite broader volatility. Analysts say early investors are positioned for potential exponential returns as the project gains traction ahead of the next cycle.
Historically, November has been a bullish month for crypto, often triggering rallies in smaller-cap assets. Retail traders typically rotate toward emerging coins that offer higher percentage gains than established ones during strong uptrends. This pattern, combined with MAGACOIN FINANCE’s growing visibility, is why analysts have included it among their top picks for November.
Final Word
Cardano and Ethereum continue to anchor market sentiment as traders look ahead to November. Kaspa and Solana lead the list of top-performing altcoins, reflecting growing investor confidence in scalable networks.
At the same time, MAGACOIN FINANCE represents the early-stage opportunity analysts often highlight during strong cycles. With liquidity improving and market confidence returning, analysts believe November could mark the beginning of a broader altcoin expansion.
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