Bitcoin and Ethereum prices resist well while Cronos appreciates by 25%


Bitcoin picked up again this morning, posting a price 4% higher than the previous day at $16,766. Ethereum is on a similar trend, with a new price at $1,257 up nearly 6% from yesterday.

Overall, the cryptocurrency market is showing a positive trend with total capitalization up 4% over the past 24 hours and trading volume on the rise with $82.88 billion worth of cryptocurrencies traded. .

The distribution of this trading volume is between DeFi which weighs just over 5% of the total volume over 24 hours and stablecoins which total $77.78 billion, or 93% of the trade.

The most notable gains and losses in the market

Among the other rises of the day, we can distinguish 3 tokens that perform:

  • Cronos (CRO): up 25% to $0.072.
  • Quant (QNT): With a nice 20% increase to $119.
  • Lido DAO (LDO): up 13% to $1.163.
Top Altcoin Gainers and Losers – Source: Coin360

Despite an overall positive market, however, there are currencies that are retreating today:

  • Axie Infinity (AXS): less than 1% loss at $7.25.
  • UNUS SED LEO (LEO): Down more than 0.50% at $3.75.

The price of bitcoin

The current Bitcoin price is at $16,766 after a 4% increase over the last 24 hours. Its daily trading volume is at $47 billion and its market capitalization stands at $352 billion.

Bitcoin Price & Tokenomics – Source: coinmarketcap

The chart analysis of today’s Bitcoin price is really similar to our prediction from yesterday. BTC Trading Range Remains Wide between $18,000 and $16,000with breakouts that will define the evolution of the price.

In the event of an upward crossing of the 38.2% Fibonacci retracement at the $18,100 level, then the price of Bitcoin would have a level of 61.8% Fibonacci at $19,350 which would act as resistance. On the other hand, Bitcoin could fall below $15,965 if it fails to clear the 38.2% Fibonacci retracement level at $18,250.

Bitcoin Price Chart – Source: Tradingview

There is still uncertainty regarding the MACD indicators, the 50-day moving average and the RSI: the first is in the buying zone while the following two indicate a selling zone. This translates well a very hesitant market for BTC in the short term within the price range indicated above.

The price of Ethereum

With a price of 1,258 dollars, Ethereum appreciated by 6% compared to yesterday and its transaction volume represents 14 billion dollars over 24 hours. In terms of financial weight, Ethereum thus represents a total capitalization of $153 billion with 122,373,866 ETH coins in circulation.

Ethereum Price & Tokenomics – Source: coinmarketcap

The graphical analysis of the Ethereum price teaches us that a bullish retracement has been crossed at $1,262while the 50-day moving average provides a immediate resistance level at $1,370 : the price of ETH should therefore be between these two values ​​in the short term.

In the event of a bullish crossing of $1,370, the rise of Ethereum could then take it to resistance levels at $1,506 or $1,670.

Ethereum Price Chart – Source: Tradingview

The current support levels of $1,170 or $1,095 are still safe guards, but in the event of a downward breach, ETH would then have thresholds at $1,000 or $881. However, in the current context, this remains quite unlikely.

Prediction of the price of Cronos which has just increased by 25%

The current price of Cronos stands at $0.073, after a sudden increase of 25% compared to the price of the previous day. This was achieved on a transaction volume of 240 million dollars, or nearly 15% of the total capitalization of CRO.

Cronos Price & Tokenomics – Source: coinmarketcap

Looking at the graphical analysis of the course of Cronos, we see that this crypto has surpassed its resistance level of $0.064 and crossed a 38.2% Fibonacci retracement at $0.071. This upward crossing may drive CRO to levels of $0.0765 or $0.0820, the 50% and 61.8% Fibonacci retracement levels. This may constitute an objective price if the upward trend is confirmed over the next few days.

Solana Price Chart – Source: Tradingview

On the other hand, the moving average over 50 days, offers a resistance level at $0.089 which could well be a hard ceiling to breakas the MACD indices and the RSI diverge, reflecting a still uncertain market for investors vis-à-vis Cronos.

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Cryptocurrency Price Tracker – Source: Crypto news


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