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

The price of bitcoin began an upward correction after reaching the zone of $ 38,500 and managed to pass the resistance level of $ 39,500. The price is currently stabilizing and investors are waiting for the $ 40,000 resistance to break. The price of bitcoin has not changed compared to last night, but decreased by 3% compared to last week.

According to Cryptonews, most of the pennies on the market are also hoping to start their upward trend. The Atrium is currently priced above $ 2,900, but there are several resistances between $ 2,950 and $ 3,000. XRP also stabilized below $ 0.65. However, Cardano is trading below the $ 0.850 resistance and seems to be on a downward trend.

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

Bitcoin prices

After the bitcoin closed above the level of 38,500 dollars, a significant increase in the price of this digital currency began. As bitcoin crosses the $ 39,500 level, efforts to cross the $ 39,880 and $ 40,000 levels continue. The next key resistance is likely to be $ 40,500, which is likely to rise to $ 41,250 if this resistance is broken.
If the bitcoin trend is down, the first support is expected at $ 39,200. The next key support is $ 38,800, and if this support is broken, there will be a new downward trend in the price of bitcoin.

Atrium price

The price of the Atrium surpassed the $ 2,880 resistance and even climbed to the $ 2,900 level before meeting some resistance. Atrium is currently up 1% from yesterday and down 2% from last week. The first key resistance of this digital currency is at $ 2950, ​​which if Atrium crosses this resistance, the price will move to the resistance of $ 3000.
But if there is a downward trend, the closest support for this digital currency will be $ 2880. The next key support is around $ 2850, which if this support is broken, the price will fall faster.

The price of altcoins

Cardano is still under $ 0.85. The closest key resistance was $ 0.865, and if that resistance breaks, digital currency market participants are likely to try to raise the price to $ 0.90.

The BNB doubled its strength after breaking the resistance of $ 395 and experiencing a 4% increase to close above the $ 400 level. The digital currency also offset the decline in prices last week. The closest key resistance against foreign currency is $ 412.

Solana is under $ 100 and looks set to cut back on $ 95. Solana’s next key support is $ 92, which if the price reaches there, Solana investors will probably be able to prevent the price from falling.

The price of the Dodge Quinn, which fell below $ 1140, improved slightly. Each bearish wave in price can move up to $ 0.135. Dodge Quinn rose about one percent from yesterday.

XRP fell to $ 0.632. The next key support was in the area of ​​$ 0.620. If that support is broken, the price is likely to drop to $ 0.600.

Read also: The best digital currencies for capital in 2022

Several other quinces on the market were up today. Among them, the digital currency Kava seeks to increase profits after overcoming the resistance of $ 5.5. This digital currency has undergone a price increase of 6% overnight.

Overall, the trend in bitcoin prices seems to be showing signals after crossing the $ 39,200 zone. However, for the bitcoin trend to be bullish, the price must have crossed the $ 39,800 and $ 40,000 levels.

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

Leave Your Comment

Your email address will not be published.

Supportscreen tag