Crypto Price Analysis
Over the last 24 hours the crypto market daily volume surpassed 250 billion dollars.
Bitcoin current dominance is over 69%.
To decide if we will have a breakout or whether a short-term reversal is around the corner, let’s examine, Bitcoin, ETH, XRP, Cardano, XLM, Bitcoin Cash, LTC and Polkadot.
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XRP price range for today is $32 cents and 20 cents. XRP will be consolidating between those two range.
As long XRP price, doesn’t go below $25cent, XRP should maintain this range.
Currently, XLM appears to maintain a price above the $13.4 cent support level. XLM is consolidating between $15.5 cents and $13.4 cents. XLM will try to break the 15.5 resistance level, failure to break this level, will push back the price between $13.4 cents to $15.5 cents
ADA resistance level for today is $16.6 cents In order for ADA to have a serious breakout. Failure to break the resistance level, will push the price of ADA to below $16 cents.
BCH support level for today is $305. In order for Bitcoin cash to break the resistance level of $370, BCH will need to consolidate between $330 and $350
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ETH currently trading around $727 . Ethereum will need to stay above the support level of $658 to try and break the resistance level of $803. As long as ETH is able to maintain a price range between $685 and $730, it is on track to reach $803.
Bitcoin is currently trading at $26.8k. Bitcoin briefly broke the $28k resistance level yesterday and was immediately rejected.
We set the support level for BTC at $25.6k. Bitcoin might touch our second support level of $24.5k before it try to break the $28k resistance
DOT is on track to try to break the resistance level of $5.8. If DOT won’t break the support of level of $5.8, it will try to consolidate around $5.3 and $5.5. If DOT won’t maintain it price between $5.3 and $5.5 it might retouch again the $5 dollar range.
Litecoin is currently trading at $129. Litecoin will mostly likely fluctuate between $117 and $138 before the next breakout.
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.