Market Update

Cardano led major cryptocurrencies with a 7% rally on Sunday as altcoins broadly advanced amid subdued trading and a sharp rise in precious metals. Traders say ADA is positioning for a potential year-end breakout if momentum holds into the week.

ARK Invest purchased $25.4 million of crypto-related stocks — COIN, BLSH and BMNR — even as digital-asset equities slipped after a brief U.S. morning rally and major cryptocurrencies finished the day in the red.

Monero (XMR) climbed 15% over the past week with a sharp 24-hour spike, becoming the most profitable asset among top-20 cryptocurrencies. Trading volume rose 15% to $169.01 million, outpacing Bitcoin and Ethereum.

XRP dropped 16% to about $2.15 on Monday, leaving roughly a third of the supply held at a loss — the weakest holder profitability since early 2024.

Dogecoin slid 7.1% to $0.1623 on Nov. 14 as the RSI shows momentum shifts that could precede a breakout; traders are watching key levels for confirmation. Market participants say a confirmed move above resistance or below support will likely set the next trend.

Solana fell roughly 5.2% to $145 after CoinDesk Research's model showed the token breaching a key support zone near $142, wiping out gains from last week. The move highlights renewed technical pressure despite ETF-driven optimism in crypto markets.

XRP dipped below key EMAs to trade around $2.53 after a rejection at the descending resistance near $2.55, and multiple technical indicators have flipped bearish. Traders may want to consider taking profits or tightening stops as momentum fades.

Bitcoin Cash (BCH) rose 4.1% on Nov. 12, leading the CoinDesk 20 higher and outpacing most index constituents. The move may signal renewed buying interest and could influence short-term index flows.

Dogecoin (DOGE) is consolidating around $0.15 while technicals show a developing Three Drives bullish reversal pattern, drawing trader attention for a potential near-term bottom. Confirmation will depend on a breakout and accompanying volume.