November has been a difficult month for the cryptocurrency market and many US-based projects have spent the last few weeks losing ground. Price action has been choppy, sentiment has been uncertain and traders have remained mostly cautious awaiting clearer direction.
Still, some U.S.-based chains are starting to show signs that they may stabilize before the end of the month. One is going out of sync with Bitcoin, another is building a reversal structure that traders often look for after a long pullback, and another is seeing huge accumulation in the largest wallets on the network. These early signs make the following three coins worth following this week.
1. Litecoin (LTC)
Litecoin has held up better than most large-cap assets during the November turmoil. In the last month it has increased just over 8%and added another 7% in the last daywhich stands out in an otherwise weak market.
What makes LTC particularly interesting right now is its Almost complete price independence of Bitcoin. Over the last 30 days, the correlation between LTC and BTC has oscillated –0.01which essentially means that Litecoin has been moving on its own. Since Bitcoin has fallen more than 13% During this period, Litecoin’s ability to move differently has helped it stay afloat.
On the chart, Litecoin is shaping a reverse head and shoulders traininga pattern that traders often observe during market lows. LTC is currently trading $102and the structure is completed if the price can close above $119 on the daily chart. If that happens, the next potential zone extends toward $135assuming general market sentiment stabilizes.
There is also a change in business behavior beneath the surface. He Smart Money Indexwhich tracks how larger or more informed traders are positioned, started rising around November 13. This suggests an early repositioning as LTC approaches a critical price level.
If the bulls can’t break $119The first significant support to observe is $93. Losing that level weakens the reversal structure. A low fall $79 would completely invalidate the pattern.
2. Solana (SUN)
Solana has spent most of November under heavy pressure, falling almost 27% during the last 30 days. Despite the decline, the chart is beginning to show signs that sellers may be losing control.
The clearest signal appears in the Relative Strength Index (RSI). Between November 4 and 14, SOL price hit a new low, but the RSI recorded a higher low. This is called a bullish RSI divergenceand often appears before short-term trend changes.
If buyers take advantage of the divergence, the first important test is $162a level that has repeatedly rejected the price since early November. Breaking above opens the range to $170and if momentum expands, SOL could target $205 in the near future.
However, the setup only holds if the price stays above $135. A breakdown exposes $126which would weaken the arguments in favor of a short-term reversal.
3. Chain Link (LINK)
Chainlink has not escaped the November crash either, falling more than 20% over the last month and more 10% in the last week. However, something notable is happening beneath the price action: The largest holders are accumulating as the price falls.
Last week, portfolios classified as “normal whales” increased their holdings by 8.92%while the top 100 addresses added 1.51% more LINK. Large holders tend to act early, and accumulation during weakness often indicates early positioning for a potential trend reversal.
The graph supports that idea. Between October 10 and November 14, LINK formed a lower low, while its RSI formed a higher low: a bullish divergencesimilar to what Solana is showing.
For the reversal setting to be triggered, LINK must rise above again $16.10which is approximately a 17% movement from its current range. A push through that level opens the next area nearby. $17.57and if buyers remain in control, LINK could try to run towards $21.64.
On the negative side, the crucial support to maintain is $13.72. A close below that level breaks the current structure and delays any recovery attempts.
Also read: Circle opens Arc Blockchain Testnet with BlackRock, Visa and AWS