- Santiment data shows Cardano, Chainlink, and Ethereum in extreme buy zones.
- DOGE exhibits repeated cycles of consolidation forming rounded bases that historically precede rapid upward movements.
- Bitcoin and XRP continue short-term declines, with ETFs recording significant outflows and total crypto market cap falling to $3.21 trillion.
Cryptocurrency markets are facing growing pressure as major assets slide into deep negative returns. Fresh MVRV data now places several top coins in rare buy zones, drawing trader attention amid rising volatility and renewed recovery speculation.
Major Cryptocurrencies Enter Buy Zones
Santiment’s latest data shows that several top cryptocurrencies are now in buy zones based on MVRV metrics. Cardano (ADA) leads with a -19.7% average performance, categorized as an extreme buy zone.
Chainlink (LINK) and Ethereum (ETH) follow, with average losses of -16.8% and -15.4% respectively, also in extreme buy zones.Bitcoin (BTC) and XRP Ledger (XRP) show smaller declines, with BTC at -11.5% and XRP at -10.2%, placing both in good buy zones.
The data suggests buying opportunities arise when the average performance of wallets falls into extreme negative territory. Santiment emphasizes using MVRV to measure these zones rather than relying solely on trendlines or support levels.
Traders could observe potential recoveries as MVRV levels reach lows. Historically, when assets are in extreme negative zones they experience faster rebounds. If this trend applies broader market sentiment would turn bullish quickly..
Dogecoin Exhibits Cyclical Patterns
DOGE/BTC charts illustrate repeating cycles of consolidation and abrupt price surges. Dogecoin experiences long periods of weakness relative to Bitcoin, followed by rapid upward movements.
Rounded bottom formations have consistently preceded these “pump” events.During these cycles, DOGE loses ground gradually against BTC, with corrective phases marked by steady declines.
After a period of stabilization and compressed price action, sharp upward impulses typically occur, suggesting cyclical recovery patterns.Currently, DOGE appears to be forming another rounded base similar to previous cycles.
Analysts note the pattern as a visual representation of historical behavior rather than a guaranteed outcome. Market dynamics, Bitcoin dominance, and liquidity continue to influence these movements.
XRP and Bitcoin Face Short-Term Pressure
XRP recently dropped below $2.2, ahead of the Franklin XRP ETF launch on November 18. The ETF is expected to attract institutional demand due to Franklin Templeton’s strong assets under management, totaling $44.7 billion.
Despite this upcoming event Market reactions show continued selling pressure.The Fear and Greed Index fell to 14, signaling extreme fear, while short-term holders are facing realized losses.
Analysts note potential recovery could occur above $100,000, while lower levels might test $88,000–$92,000 support ranges.Market liquidity remains active, with a 24-hour trading volume of $264 billion.
Bitcoin ETFs have seen $1.1 billion in outflows recently, adding to November’s total of $2.3 billion. The overall market cap now stands at $3.21 trillion, reflecting a broad bearish sentiment across leading cryptocurrencies.
