Bitcoin
BTC$51 463.74

-0.08%

Ethereum
ETH$2 989.26

1.88%

Tether
USDT$0.999712

0%

Binance Coin
BNB$384.63

2.71%

Solana
SOL$103.22

-1.10%

XRP
XRP$0.543335

-0.62%

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 61.6% 77 $51 463.74 -0.08% -0.45% $1 010 486 927 775 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 66.8% 72 $2 989.26 1.88% 6.23% $359 193 060 603 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94% 1 $0.999712 0% -0.11% $97 813 617 538 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 71.6% 57 $384.63 2.71% 9.42% $57 518 447 438 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 70.4% 53 $103.22 -1.10% -7.77% $45 514 764 027 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 86.4% 21 $0.543335 -0.62% -3.23% $29 643 580 751 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 96% 1 $1.000012 0% 0% $27 982 661 127 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 69.2% 63 $0.591895 -0.24% -0.91% $20 991 256 654 ADA 7 days price change
9 Avalanche (AVAX) AVAX Avalanche predictions 66.8% 61 $37.09 -0.44% -10.20% $13 990 033 714 AVAX 7 days price change
10 TRON (TRX) TRX TRON predictions 70.8% 57 $0.139211 -0.12% 6.24% $12 253 548 158 TRX 7 days price change
11 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 74.4% 56 $0.139193 0.15% 6.30% $12 251 999 245 WTRX 7 days price change
12 Dogecoin (DOGE) DOGE Dogecoin predictions 90% 14 $0.084720 0.57% -0.18% $12 130 544 821 DOGE 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 69.2% 68 $18.29 -0.72% -7.57% $10 740 590 215 LINK 7 days price change
14 Lido stETH (STETH) STETH Lido stETH predictions 95.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 73.6% 47 $7.56 2.21% -2.16% $9 698 270 291 DOT 7 days price change

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