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.
USDT daily volume trading is 1.5x higher than Bitcoin. We are noticing a shift in the market momentum from bullish to an early start of bearish market.
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 $54 cents and $62 cents. If XRP is enable to maintain it price above $54 cents, it will trigger a further price drop that can potentially reach the next support level of $46 cents
ADA Price Analysis
The support level for the week is $12.4 cents. ADA price for the upcoming day will varies from $16 cents to $12 cents. In addition, if ADA is enable to stay above $14 cents, this can lead to a further drop.
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ETH Price Analysis
ETH currently trading around $575. Ethereum will most likely touch $559 as there is a current shift in the market momentum. ETH price range for the week will fluctuate from $499 to $560.
BTC Price Analysis
Bitcoin is currently trading at $18813. With the current market momentum, BTC will most likely break all 4 support levels in the upcoming days And go below $18000.
BTC price range for the next few days is $18000-$18500
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.