Crypto Price Analysis
Over the last 3 days BTC Futures aggregated daily volume reached below $20 billion. We are seeing a big drop in crypto trading volume across all platforms.
According to Coinmarketcap, the daily spot volume trading is fluctuation between $120 billion to $100 billion.
To decide if we will have a breakout or whether a short-term reversal is around the corner let's examine Bitcoin, ETH, XRP, and Cardano
Video crypto price coverage
XRP Price Analysis
XRP price range for the week is $35 cents and 46 cents. If XRP is enable to maintain it price above $35 cents, it will trigger a further price drop that can potentially reach the next support level of $30 cents
ADA Price Analysis
The support level for the week is $14.5 cents. ADA price for the upcoming day will varies from $14 cents to $16 cents. In addition, if ADA is enable to stay above $14.5 cents, this can lead to a further drop.
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ETH Price Analysis
ETH currently trading around $583. Ethereum will most likely touch $530 as there is a current shift in the market momentum. ETH price range for the week will fluctuate from $530 to $590.
BTC Price Analysis
Bitcoin is currently trading at $19180. With the current market momentum, BTC will most likely stay within $18800 to $19450. If Bitcoin is enable to stay above $18500, we should expect some further dips.
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.
