The encryption market has seen some dramatic movements in the past few weeks, with a sharp rise and fall. With a new week, a new hope comes, as investors (in the short and long term) seek to introduce new opportunities and exploit market trends. Bitcoin, Ripple and Solana – three of the main encrypted currencies – attract a lot of attention, so it is worth checking what can be expected from this week.
Bitcoin (BTC)
Bitcoin is trading about $ 97,800 at the time of writing this report, with an increase of approximately 70 % in trading volume during the past 24 hours.
Although BTC attracted the attention of many during this bull run, especially due to its fluctuations around the $ 100,000 region, its movement was very simple. Since mid -November, the BTC price has been combined at the basis price of $ 91,000 and the highest of about $ 108,000.
Access to the side price pattern base was an upward recovery operator. The price has reached this basis a week ago, and began to show some patterns of reflection, and it is now witnessing some recovery. Today, the price increased by about 2 %.
With this style, we can expect BTC to go about $ 100,000, which was a Psychological support The level of resistance. It is expected that a break over the $ 100,000 area will return to the highest style. However, if the basics of the Crypto General market become negative, buyers will need to support 91,000 dollars to continue control.
XRP
The XRP price is traded at $ 2.4 at the time of writing, at a decrease of 1 % in the past 24 hours; However, with an increase of about 50 % in the trading volume.
Since the decline in the XRP prices, which occurred during the last 400 % increase in November, the level of $ 2.0 was a strong support zone for a ripple symbol. One can easily say that support can last for a long time, but last week’s flash crash saw the XRP price declined to about $ 1.7 before recovering it over $ 2.0 again.
The 2.0 dollar level was not tested well, and the void left by the last price height, the price can see a longer decrease in the medium term. The simple short -term moving average is currently higher than XRP and can serve as short -term resistance to price rise.
However, this week, the XRP price is still seen as a bullish over $ 2.0 support. The rest at this level may see more drops to $ 1.4 or $ 1.1. The main levels that must be monitored in the event of a bullish move of $ 2.7 and then $ 3.3.
Also read: ENDO: Why does $ 5 remain a realistic goal
Solana (Sol)
Sol PRICE is currently trading at $ 203, with a 38 % trading volume in the past 24 hours. Solana also witnessed a steady bounce of $ 178. With the level that works as fixed support, there have been a rally nearly 10 % in the past four days.
the 50 days SMA However, the short -term resistance of the resistance around this price can be about 217 dollars. This breaks may lead to Sol PRICE, its transition to the top of the most uniformity of about $ 260. The level of $ 178 is the key to the total ups.
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