Bitcoin
BTC$19 108.68

-0.12%

Ethereum
ETH$1 051.12

-1.09%

Tether
USDT$0.999042

0%

USD Coin
USDC$1.000039

-0.01%

Binance Coin
BNB$216.74

-0.87%

Binance USD
BUSD$1.001586

0.07%

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 59.2% 88 $19 108.68 -0.12% -10.44% $364 683 630 223 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 54% 93 $1 051.12 -1.09% -14.27% $127 610 536 230 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.6% 1 $0.999042 0% -0.04% $66 018 262 534 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 95.6% 1 $1.000039 -0.01% 0% $55 804 793 378 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 65.2% 75 $216.74 -0.87% -9.37% $35 388 059 426 BNB 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 92.4% 1 $1.001586 0.07% 0.28% $17 575 061 690 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 68% 69 $0.317499 1.53% -12.57% $15 348 864 758 XRP 7 days price change
8 Cardano (ADA) ADA Cardano predictions 66.8% 72 $0.448366 -0.36% -10.65% $15 214 866 694 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 68% 70 $32.77 -0.23% -19.15% $11 253 894 583 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 66.8% 62 $0.066138 0.06% -13.89% $8 774 635 420 DOGE 7 days price change
11 Dai (DAI) DAI Dai predictions 94.8% 1 $1.000043 -0.04% 0% $6 895 987 122 DAI 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 68% 67 $6.72 -0.01% -16.62% $6 636 204 716 DOT 7 days price change
13 TRON (TRX) TRX TRON predictions 66% 74 $0.065733 3.58% -3.47% $6 079 571 196 TRX 7 days price change
14 UNUS SED LEO (LEO) LEO UNUS SED LEO predictions 73.6% 54 $5.87 2.64% -0.14% $5 604 429 157 LEO 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 71.2% 63 $0.000010 0.62% -13.36% $5 523 555 766 SHIB 7 days price change

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