Crypto Price Analysis
Over the last week we saw an exponential growth in the crypto market capitalization, the market cap grew by $150 billion.
Saying that, we had in the last 24 hours $600 million in liquidation, according to bybt.
To decide if we will have a breakout or whether a short-term reversal is around the corner let's examine Bitcoin, ETH, XLM, Tezos, Link and Cardano
Video crypto price coverage
XLM Price Analysis
XLM price range for the next few days is $18.5 cents and above. If XLM is enable to break the $18.5 cents, it will trade side ways between $15 cents and $18 cents. In case of a major sell off XLM will try to touch the $13.9 support level.
ADA Price Analysis
Cardano is on track to break $25 cents. The current support level for ADA is $17 cents. If ADA is enable to break the $25 cents, ADA will most likely trade between $20 cents and $22 cents.
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ETH Price Analysis
ETH currently trading around $1023. In the last 24 hours ETH price fluctuated from $1123 to $889, which represent a 20% drop. ETH current support set at $957. Ethereum, will need to break the $1065 to be on track to break the $1200 ATH.
XTZ Price Analysis
Tezos is currently trading at $2,33. With the last 24 hours gain, XTZ is on track to break the $2.35 resistance level.
The current support level for XTZ is $2.1
LINK Price Analysis
ChainLink is on track on break the resistance level of $14.31. After yesterday sell, it has set 2 supports, one for $12.33 and the second on at $13.
BTC Price Analysis
Bitcoin is currently trading at $31353. BTC will need to consolidate between $30k to $32k before trying to break the $33k resistance level. If Bitcoin to stay within this range , we might see BTC between below $30k.
The viewpoints and opinions expressed here are solely those of the author and do not necessarily represent the views of Cryptostec. Any investment and trade move involves risk. When you make a decision, you can do your own analysis.
