Assessing the levels of support and resistance of digital currencies
As the price of Bitcoin rose and crossed the $ 40,000 resistance, the price of this digital currency rose to $ 41,450. Bitcoin is currently adjusting its profit to $ 41,000; But the price may go up as much as $ 42,500.
To Report Crypto News, most major altcoins are experiencing an uptrend. Atrium managed to break the resistance of $ 2,750 with its growth of 5%. XRP could experience a rapid rise if it breaks its $ 0.8 resistance. Cardano is also approaching its key resistance in the $ 0.85 range.
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Bitcoin prices
Following the sharp fall in the price of Bitcoin, the digital currency resumed its uptrend above $ 40,000 and rose to around $ 41,000, and is now stabilizing this growth. With the current trend, bitcoin is experiencing a 5% daily price increase. The next key resistance of this digital currency is close to the price level of $ 41,550, and if this resistance is broken, the price can start rapid growth. Otherwise, the price of Bitcoin will be corrected up to the range of $ 40,500. If this support level is broken, another barrier in the range of $ 40,000 will prevent more bitcoin from falling. But if this support is broken, the price of Bitcoin will go down to $ 39,000.
Atrium price
Atrium jumped 5 percent to $ 2,720 and even rose to $ 2,750. The next resistance of this digital currency is in the range of $ 2,850. If Atrium manages to break this resistance, a rapid rise in the price of this digital currency above $ 2,880 will not be unlikely.
On the other hand, if Atrium declines, it will face its first support in the range of $ 2,720. The next key support is close to the $ 2,650 level. If this support level is broken, the price of Atrium is likely to reach $ 2,600.
The price of Altcoins
Cardano is on an uptrend, trying to break his $ 0.85 resistance. If supporters of the Cardano’s price increase, or the so-called bulls in the market, are able to break this resistance level, this digital currency will face rapid price growth.
The BNB is above the $ 380 price level. The forward resistance of this digital currency is in the range of $ 388, and in case of failure of this resistance, everything is ready to reach the level of $ 400.
Solana also rose more than 6 percent and traded above its $ 85 resistance. The cows in this digital currency market seem determined to push the price up to $ 95. If you cross this resistance, the price may stabilize above the $ 100 level.
Dodge Quinn has overcome its $ 0.115 resistance level and is now approaching the $ 0.118 resistance level. Dodge Quinn’s next key resistance is in the $ 0.120 range, and it seems that in this price range we should wait for the action of the opponents of price growth or market bears.
XRP is also on the rise and is trying to break its $ 0.80 resistance. If this resistance is broken, a rapid growth is waiting for this digital currency and its next resistance is probably in the area of $ 0.845.
Other quinces also experienced a 5% increase; But the Sandbox digital currency price surpassed its $ 3.20 level, rising 9 percent in the past week and recording a staggering 19 percent overall growth. The cello is currently trading in the $ 3.30 range, up 34%. The price of this digital currency has increased by 12% compared to last week.
In general, there are signs that the price of Bitcoin is rising above the $ 40,000 level. If Bitcoin breaks its $ 41,550 resistance, rapid growth is likely to await the digital currency.