Bitcoin
BTC$23 417.82

-0.63%

Ethereum
ETH$1 661.88

0.91%

Tether
USDT$1.000131

0%

Binance Coin
BNB$332.92

1.94%

USD Coin
USDC$0.999885

0%

XRP
XRP$0.411251

0.08%

The cryptocurrency market holds key levels, gaining after a slump


29 Nov 2021

#Bitcoin

The cryptocurrency market rumbled loudly on Friday but generally kept key support levels from which purchases resumed over the weekend and early Monday. BTCUSD has added 5.6% in the last 24 hours to $57.6K, almost at the same levels as seven days ago. The cryptocurrency Fear and Greed Index remains in the fear territory, at 33, up from 27 on Sunday and 21 on Saturday morning. Today's low values are nothing more than a tail of Friday's sell-off, and sentiment has improved significantly since then. From the side of this indicator, the situation looks like another moment to buy on downturns, as it was in early October.

On Friday, bitcoin fell into the $54K area, pulling back to the 61.8% level of the July-November rally. If indeed it is over, such a pullback could clear the way for growth to new highs, as bulls were allowed to lock in profits and shortly after to buy the dip. On the other hand, BTCUSD remains below its 50-day average, which has acted as resistance for the past ten days. It is now passing through levels near the circular $60K level, which increases the significance. In the event of a sharp breakout of this level, bitcoin could fly to new highs on inertia.

If that breakout fails, we could say the crypto market's bullish trend is broken, as there are too many sellers. Ether has successfully withstood the pressure and actively rallied on declines below 4000. The primary altcoin looks more popular among buyers, managing to stay above its critical circular level and above the 50-day moving average, continuing the short-term bullish trend.

Thus, it can be stated that sentiment in the crypto market has quickly returned to normal after a slight shake-up. However, it is worth keeping a close eye on bitcoin dynamics. If it does not return to a solid growth path, it could upset the entire crypto market by turning it downwards.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 64.4% 76 $23 417.82 -0.63% 1.15% $451 514 389 015 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 68% 64 $1 661.88 0.91% 3.64% $203 370 239 782 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.2% 1 $1.000131 0% 0% $68 037 505 087 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 78.4% 39 $332.92 1.94% 7.73% $52 567 670 570 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 96% 1 $0.999885 0% -0.03% $41 955 221 400 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 72.8% 51 $0.411251 0.08% -0.76% $20 891 185 117 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 90.8% 1 $1.000291 -0.02% 0.01% $16 277 011 211 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 63.6% 69 $0.402084 0.04% 1.59% $13 912 162 701 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 77.6% 48 $0.094571 3.60% 7.39% $12 546 748 098 DOGE 7 days price change
10 Polygon (MATIC) MATIC Polygon predictions 66.8% 64 $1.24 3.79% 7.12% $10 812 206 732 MATIC 7 days price change
11 Lido stETH (STETH) STETH Lido stETH predictions 93.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
12 Solana (SOL) SOL Solana predictions 60.8% 88 $24.65 1.35% -0.13% $9 182 943 497 SOL 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 66% 74 $6.99 6.42% 5.28% $8 061 412 510 DOT 7 days price change
14 SHIBA INU (SHIB) SHIB SHIBA INU predictions 64.4% 79 $0.000014 16.05% 20.58% $7 810 721 768 SHIB 7 days price change
15 Litecoin (LTC) LTC Litecoin predictions 78% 38 $100.55 0.67% 12.99% $7 259 641 157 LTC 7 days price change

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