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.
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.
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.
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.
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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.