Bitcoin holds $75,625 at the close as NEAR breaks support and Injective gains. November 6 price analysis tracks BTC, XRP, NEAR, INJ and HYPE on daily charts.
| Asset | Latest USD price | Past 24 hours | 24-hour market volume | Market-cap rank |
|---|---|---|---|---|
| Bitcoin (BTC) | $75,810 | −5.84% | $44.18 billion | 1 |
| XRP | $1.21 | −7.75% | $2.31 billion | 5 |
| NEAR Protocol (NEAR) | $3.69 | −8.86% | $608.44 million | 21 |
| Injective (INJ) | $8.36 | +3.74% | $175.42 million | 81 |
| Hyperliquid (HYPE) | $77.58 | −7.45% | $1.24 billion | 11 |
Bitcoin erases Wednesday’s gain on heavier volume
Bitcoin fell 5.55% on Thursday, more than reversing Wednesday’s 4.02% gain. The session high of $80,827.60 fell short of Wednesday’s $81,179.60. By the close, Bitcoin had also lost the $77,969.80 level it had recovered during the rally.
Thursday’s Bitcoin analysis identified a daily close below $75,625 as the condition that would invalidate Wednesday’s reversal. Sellers pushed Bitcoin $525 beneath that level intraday, setting a 30-session low. They did not keep it there through the close. Friday’s early price of $75,810 left just $185 above that threshold.
Trading was heavier on the decline than on the preceding rally. Approximately 5,103 BTC changed hands in the spot USD pair, against 4,498 BTC on Wednesday and an average of about 2,114 BTC over the preceding 20 sessions. That puts Thursday’s turnover at 2.41 times its recent average.
A daily close above $77,969.80 would be the first sign that buyers can recover lost ground; $80,827.60 would be the next test. A close below $75,625 would meet the earlier downside condition. Below Thursday’s $75,100 low, September 15’s $74,891.50 low is the next nearby reference.
XRP falls back toward $1.20 as momentum weakens
XRP fell 7.55% on Thursday to close at $1.20560. Its $1.19797 low came within $0.00112 of the October 30 low at $1.19685. The final four-hour candle accounted for the last leg of the decline, opening at $1.24300 and finishing near the day’s low.
Wednesday’s $1.30409 close had carried XRP above the $1.28923 resistance discussed in the November 4 report. Thursday erased that breakout. XRP finished below both $1.24333 and $1.23364, two levels that had supported it earlier in the week. The October floor is now the more consequential test.
The 14-day Relative Strength Index, calculated using Wilder smoothing, fell from 47.97 to 35.71. Four-hour RSI finished lower still at 32.14. Both readings show that losses have outweighed gains, though neither had crossed the conventional oversold threshold of 30.
A recovery above $1.23364 would reclaim Monday’s low. A daily close above $1.24333 would give buyers a better chance of retesting $1.27214. In the other direction, a daily close below $1.19685 would confirm a break of the October floor that Thursday’s selloff narrowly avoided.
NEAR closes below Wednesday’s low but inside its lower band
NEAR gave back Wednesday’s recovery in a single session. It fell 8.77% to $3.6547 after trading between $3.6201 and $4.0741. The close below $3.6806 invalidated the prior day’s reversal. Friday’s early price of $3.69 was back above that level, but the new daily session had not closed.
NEAR’s Bollinger Bands show how close it came to a second breakdown signal. Using a 20-day simple moving average and two population standard deviations, the lower band stood at $3.6357 at Thursday’s close. Price traded below that value intraday but finished just inside the band. The break of Wednesday’s price support was confirmed; a daily close outside the band was not.
The midpoint also fell, from $4.5653 to $4.4950, as Thursday marked a fresh 30-session low. A daily close back above $3.6806 would repair the first break, but the stronger test is $3.9001, the October 30 low that buyers briefly recovered on Wednesday. Above it, Thursday’s $4.0741 high stands in the way. A close below $3.6201 would extend the decline and invalidate Friday’s early attempt to regain support.
Injective clears $8.079 as both daily averages rise
Injective posted a third consecutive daily gain, closing Thursday at $8.144, up 2.57%. Its $7.774 low held above Wednesday’s $6.998 low, and its close exceeded Wednesday’s $8.079 high. The advance reached $8.577 before retreating, leaving the October 27 high of $8.281 unclaimed at the daily close.
The 20-day exponential moving average rose to $7.707 from $7.661, while the 50-day EMA rose to $7.424 from $7.395. The faster average was already above the slower one. Thursday’s improvement came from price clearing the previous high and holding above both rising averages, rather than from a new crossover.
At $8.36 early Friday, INJ had moved back above $8.281. A daily close there would confirm the move that buyers could not sustain Thursday. A subsequent close above $8.577 would bring September’s $8.695 swing high into view. A close back below $8.079 would surrender the breakout; loss of Thursday’s $7.774 low would put the rising 20-day average to the test.
Hyperliquid loses $78.08 as its daily trading range widens
HYPE closed Thursday at $76.55, down 8.58%. It fell through Wednesday’s $81.00 low and finished below $78.08, the low of the October 29 session when HYPE rallied as high as $97. Friday’s early recovery to $77.58 had yet to regain even the bottom of that range.
Thursday’s $76.09–$84.84 range spanned $8.75, compared with a 14-day average true range of $5.07 entering the session. Wilder’s average true range rose to $5.33 by the close. The indicator measures the size of moves in either direction. Here, the close just $0.46 above the low shows which side controlled the expanded range.
A daily close back above $78.08 would recover the first broken support. Regaining $81.00 would carry more weight because it would put HYPE back inside Wednesday’s range, with Thursday’s $84.84 high the next hurdle. A close below $76.09 would instead expose the October 24 low at $74.33. Losing that level would extend the decline beyond the lowest price of the last 30 completed sessions.