With the Bitcoin price falling below $54,000, the cryptocurrency and altcoin market has lost 5% in the last 24 hours.

As a result, Ethereum and Shiba Inu exhibited a continuous downward trend throughout November, showing a bearish picture.

On the other hand, BAT price continued its upward trend and gained 21.8% in the last 24 hours. Analyst Yash Majithia evaluated the cryptocurrencies in question.

eth

Ethereum (ETH)

Ethereum price dropped to a three-week low on November 18. Although the bulls tried to counter the selling wave, the $4,156 level failed to defend. At the time of this writing, the altcoin is trading at $4,104, with a 6.4% loss in the last 24 hours. The RSI value continued its downward movement and, according to the analyst, showed a value of 38, showing a picture in favor of the bear. According to the analyst, the DMI indicator also gave a bearish outlook. However, the analyst thinks that the ADX indicator indicates a weak directional trend.

Shiba

Shiba Inu (SHIB)

The Shiba Inu price is down 25.56%, with losses in the last seven days. As a result, the altcoin price fell to its lowest level in a month on November 26. Despite this development, SHIB managed to reach over 1 million investors, according to Etherscan data. At the time of this writing, SHIB price is trading at $0.00003879. According to the analyst, the SHIB price displayed a bearish picture by hovering below the 20-50-200 SMA values ​​on the 4-hour chart.

The analyst points out that the RSI value moved down in favor of the bear after the outlook. According to the analyst, the DMI value indicates an increase in the power of sellers. Despite this, the analyst thinks that the ADX indicator gives hints of a weak directional trend.

Basic Attention Token (BAT)

Basic Attention Token (BAT)

BAT price had decreased by 29.13% with the loss process started on October 31st. Despite this, the bulls have regained control and the altcoin's price has soared 75% in just two days. With this development, BAT climbed to its all-time high price level on November 26, thanks to its rise supported by high volumes. At the time of this writing, it is trading at $1.54. According to the analyst, the RSI indicator, which is in the overbought zone, is showing signs of slowing down. The analyst also thinks that although the DMI and MACD indicators are in favor of the bulls, they provide information about a decrease in the strength of the bulls.