Chainlink (LINK), Cardano (ADA), Dogecoin (DOGE) and Ethereum (ETH) are all experiencing downward pressure as of November 11, with each cryptocurrency nearing important support levels.
Chainlink (LINK)
LINK is trading around $10.49, below all daily moving averages. A potential death cross is forming as the 50‑day EMA (~$11.70) approaches the 100‑day EMA (~$11.40). The longest moving average, near $11, was breached in early November and has not been reclaimed. Daily trading volume has fallen compared to the end‑October sell‑off, and the RSI is hovering near 50, indicating a neutral stance. The nearest support is at $10, a level that has attracted buying twice in the past two weeks.
Cardano (ADA)
ADA is priced near $0.1776, down about 37% from its early‑October peak of $0.28. The asset remains in a prolonged downtrend, with the RSI below 40 and approaching oversold territory. November volume is among the lowest recorded, and there are no recent catalysts beyond the foundation’s support for the Cosmos IBC transition. The next support level is around $0.16, corresponding to the July range.
Ethereum (ETH)
ETH is trading around $2,095 after a sharp decline from the $2,230 area on November 8. The cryptocurrency has lost roughly 25% since its September peak near $2,800 and is now below all major moving averages. The RSI is near 30, suggesting oversold conditions, while volume continues to decline. Immediate support sits at $2,000, with $1,900 as the next level of interest.
Dogecoin (DOGE)
DOGE is hovering near $0.0694, just below the $0.07 support zone that previously triggered buying volume. The price briefly fell to $0.0672 earlier in the week but closed back near the support level. All major moving averages are positioned above the current price, with the nearest resistance around $0.0765. The RSI is around 35, indicating the asset is approaching oversold territory. Recent technical updates to the L2Reth testnet infrastructure have been noted, though they are not expected to impact price directly.
