3 notable coins Made In USA in the third week of November

The turbulent November has caused most of the crypto market to struggle, even the “made in USA” coins are not immune to strong bearish pressure. The general trend is still weak, with only a few assets maintaining their positions while traders patiently wait for clear signals about the next direction of the market.

However, while the market is seeking stability, three coins originating from the US are signaling early signs of a strong recovery. One coin has a rare negative correlation with Bitcoin, another is forming a clear reversal structure, and the last one is attracting sudden interest from “whales”. These factors make them the notable focal point this week.

Litecoin (LTC): Momentum from the differences

Litecoin (LTC) is the first name on the list of “made in USA” coins to watch this week. Over the past 30 days, LTC has increased by more than 8%, and in the last 24 hours, it has risen an additional 7% – a surprising performance amidst the volatile crypto market.

This strength largely comes from the negative correlation with Bitcoin. The Pearson correlation coefficient between LTC and BTC over the past month was only -0.01, indicating that these two assets move almost in opposite directions. While Bitcoin fell more than 13.5% during the same period, LTC showed remarkable price holding ability compared to most other major coins.

Litecoin-Bitcoin correlation | Source: DefillamaNot stopping there, the technical chart of LTC is also forming a particularly clear inverse head and shoulders pattern, with the current price oscillating around the 102 USD mark. If LTC can close above 119 USD in a day, this pattern will be completed, opening up the potential to rise to 135 USD or higher if the overall market is favorable. This is a resistance zone that has repeatedly hindered upward momentum, so a breakthrough will be a sign of real momentum.

Notably, the Smart Money Index – which reflects the position of smart, savvy traders – has also started to rise again since November 13, indicating that confidence is gradually returning as LTC approaches the breakout zone. The combination of the rising Smart Money Index and the price nearing the breakout area makes this week particularly important for LTC.

Litecoin price analysis | Source: TradingViewIf buying pressure is not strong enough to push LTC past resistance, the first support area will be 93 USD. If the price drops below this level, the reversal structure will weaken, and if it falls below 79 USD, the pattern will be completely invalidated.

Solana (SOL): Momentum reversal from RSI divergence

Among the prominent “made in USA” coins this week, Solana (SOL) stands out due to its special technical developments. After a nearly 27% fall in the past 30 days, SOL has begun to signal a short-term reversal that traders find hard to ignore.

This signal comes from the RSI (Relative Strength Index) – a tool for measuring price momentum to determine the overbought or oversold state of an asset. From November 4 to 14, the price of SOL continuously formed lower lows, while the RSI formed higher lows. This is a bullish divergence on the RSI, which often appears just before a trend reversal, even if only for a short time.

Solana price analysis | Source: TradingViewIf this divergence scenario succeeds, Solana's immediate challenge will be the resistance area of 162 USD – a price level that has held firm since November 5, only broken once. If it surpasses 162 USD, SOL could advance to 170 USD, and even reach 205 USD if the upward momentum is reinforced.

However, the prerequisite is that the buyer must successfully protect the support area of 135 USD. If the price falls below this level, the reversal structure will weaken and may push SOL down to the threshold of 126 USD.

Chainlink (LINK): Whales are accumulating, waiting for a reversal

Chainlink (LINK) is the last name on this week's list, having just gone through a challenging month with a fall of over 20% in the past 30 days, plus more than 10% bearish in the past week.

Surprisingly, despite the bearish trend, the accumulation activity of “whales” has surged in the last 7 days. The amount of LINK held by regular whales has increased by 8.92%, while the top 100 addresses (mega whale) have also increased their holdings by an additional 1.51%. Whales buying in a weak market is often a sign that they are preparing for a potential reversal.

Whales LINK | Source: NansenThe technical chart of LINK also shows the reason for this movement: from October 10 to November 14, the price of LINK continuously created lower lows, while the RSI created higher lows – a standard bullish divergence, similar to the momentum reversal that has appeared in Solana, often signaling the early stages of a trend reversal.

To activate the bullish scenario, LINK needs to recover the $16.10 zone - which means it must rise about 17% from the current price. If it surpasses this zone, LINK could aim for $17.57, and if it closes daily above this zone, LINK could advance as far as $21.64 or higher if the overall crypto market is favorable.

LINK Price Analysis | Source: TradingViewConversely, if the buying pressure is not strong enough to hold the support, the level to watch will be 13.72 USD. If the daily close is below this level, the reversal structure will be broken and the bullish signal will be invalidated, meaning a longer wait for a real reversal.

In summary, these three “made in USA” coins are sending noteworthy technical signals and capital flows, promising to be the focus of the crypto market next week. Investors need to closely monitor the situation to seize opportunities or hedge against risks as a trend reversal could occur at any time.

Mr. Giáo