Market condition: Study the levels of support and resistance of professionals in digital currencies



As it turns out, the price of bitcoin has stabilized above the level of $ 39,500 and surpassed the resistance of $ 40,500. Bitcoin is currently above the $ 41,300 level and anyone can break their resistance of $ 42,000. The current rate of uptrend of bitcoin has increased by about 3% overnight and thus the rate of decline in the price of bitcoin in the last week has reached 4%.

According to Crypto News, most of the pennies are also trying to recover lost prices. Atrium surpassed its $ 3,100 resistance. XRP has passed the resistance level of $ 0.732 and Cardano can grow faster if it crosses the $ 1.0 range.

Market condition: Study the levels of support and resistance of professionals in digital currencies
Total market capitalization on an hourly basis

Price of bitcoin

After the bitcoin chart tested the $ 39,250 range again, the likelihood of a bitcoin price increase increased. The bitcoin chart crossed the $ 40,500 resistance level and even crossed the $ 41,000 zone. The closest resistance to bitcoin is in the range of $ 41,850, and the next key resistance is around $ 42,500. If the price of bitcoin overcomes this resistance, it is likely to change the upward trend of bitcoin.

If the price of bitcoin falls, it will face its first support in the $ 40,800 zone. The next key support is in the $ 40,500 zone, and if that resistance breaks, the price could fall even faster.

Atrium price

Atrium’s price trend is also upward and the digital currency has managed to reach the price level of 3120 dollars, crossing the resistance zone of 3080 dollars. The next key resistance in the Atrium is probably close to the $ 3,180 level, which if crossed by this resistance, it will be possible to cross the $ 3,200 level. The main resistance is in the area of ​​$ 3,250. Atrium’s price waves are such that the average price of this digital currency increases by 2% overnight and decreases by 2% during the week.

Read also: Price analysis of altcoins: ascending sign of Polkadat and Kozama charts

But if the Atrium is adjusted, the price is maintained at around $ 3080. The next level of key support is close to $ 3,050, and if that support is broken, the price of Atrium prices could accelerate.

The price of altcoins

As the price of Cardano rose and passed the resistance of $ 0.95, the price chart of this digital currency also tested the level of $ 0.98. Proponents of rising prices, or so-called market cows, are trying to push the price above $ 1.0. If this resistance is overcome, the positive trend in the price of this digital currency will be.

The BNB was supported in the $ 412 range and then began its upward trend and successfully passed the $ 420 resistance. If the upward trend in the price of this digital currency continues, it will be possible to reach the level of $ 432.

The price of Solana has stabilized above the $ 100 zone. The closest resistance to the price chart of the digital currency is close to the level of $ 110, but the key resistance of Solana is in the range of $ 112.

Dodge Quinn improved after rising to $ 0.135. He then tests the price at $ 0.142 and probably intends to pass the $ 0.145 level. Dodge Quinn’s next big resistance is close to $ 0.150.

XRP managed to keep its price above $ 0.70. The price of this digital currency rose rapidly to $ 0.730. The closest resistance of this digital currency is in the range of $ 0.75. If the price closes above $ 0.75, it will probably rise to $ 0.80.

Other coins on the market also grew positively. Luna managed to cross $ 88 with an increase of 4% and reduce its weekly loss to less than 18%. Olench also jumped 5 percent to $ 81, reducing its weekly loss to less than 2 percent. These two digital currencies had the best performance among the top ten digital currencies on the market today. Thorchin and Compound were among the top 100 digital currencies on the market with 13% and 16% price jumps, respectively. Overall, the price of bitcoin managed to break the resistance of 41,200 dollars. If bitcoin stabilizes above $ 42,000, it will be able to grow faster in the short term.

The publication Market Situation: A Study of Support and Resistance Levels in Digital Currencies appeared for the first time in the digital currency.

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