Bitcoin
BTC$62 740.92

4.13%

Ethereum
ETH$3 354.24

4.35%

Tether
USDT$1.000351

-0.01%

Binance Coin
BNB$561.59

4.18%

Solana
SOL$152.48

3.96%

USD Coin
USDC$0.999884

-0.02%

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 74% 46 $62 740.92 4.13% 8.98% $1 237 611 726 015 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 73.2% 49 $3 354.24 4.35% 9.78% $403 240 334 677 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $1.000351 -0.01% 0.04% $112 576 373 710 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 75.2% 47 $561.59 4.18% 9.18% $82 880 900 481 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 80.8% 29 $152.48 3.96% 8.95% $70 762 073 577 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 92.8% 1 $0.999884 -0.02% -0.01% $34 053 257 375 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 81.6% 37 $0.530674 0.50% 22.27% $29 614 425 378 XRP 7 days price change
8 Toncoin (TON) TON Toncoin predictions 87.2% 21 $7.47 1.20% 3.55% $18 731 927 427 TON 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 75.2% 49 $0.118031 3.53% 8.09% $17 129 042 047 DOGE 7 days price change
10 Cardano (ADA) ADA Cardano predictions 79.6% 35 $0.436136 0.25% 16.49% $15 648 997 890 ADA 7 days price change
11 TRON (TRX) TRX TRON predictions 77.6% 40 $0.138016 -0.25% 9.83% $12 024 220 977 TRX 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 75.6% 44 $26.98 2.72% 1.27% $10 644 798 265 AVAX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 82% 37 $0.000018 2.89% 6.77% $10 578 886 273 SHIB 7 days price change
14 Lido stETH (STETH) STETH Lido stETH predictions 92% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 96% 1 $0.116354 -0.46% 0.23% $10 171 995 609 WTRX 7 days price change

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