Market situation: Unstable trend of Bitcoin and Atrium prices
The price of Bitcoin did not recover from the $ 31,500 resistance and was corrected to the point where the $ 30,500 support was lost. Bitcoin is currently trading in the $ 30,300 range, up about 1 percent from yesterday and 2 percent from last week.
To Report Cryptonews, the other major pennies on the market, have also taken a neutral trend. Atrium traded below $ 1,820 and $ 1,800. XRP is hovering around $ 0.40 and Cardano is trying to return to the $ 0.650 resistance level.
Bitcoin price
After bitcoin jumped in price on Wednesday, it faced a line of traders in the range of $ 31,500 to return below the $ 30,500 area. If the trend for Bitcoin is bearish, the first support will be at $ 30,000 and the next support at $ 29,500. If this support is broken, there is a risk of a sharp drop in the price of bitcoin holders.
But if the price trend is bullish, the first resistance is at $ 31,500, which can be broken by hoping for further price growth.
Atrium price
Atrium could not resist the $ 1,850 and $ 1,880 resistance to trade in the $ 1,800 range. Thus, its price has increased by about one percent compared to yesterday and 2 percent compared to last week. If the trend is bullish, the first support is in the range of $ 1,750 and the next support is in the range of $ 1,720. If this support is broken, there is a risk of a sharper price drop for Atrium owners.
Assuming the price is bullish, Atrium will face the first resistance in the $ 1,850 range and the next resistance in the $ 1,880 range. If you cross these resistances, reaching the level of $ 1,920 will not be out of reach.
The price of Altcoins
Attempts by proponents of raising the price of Cardano, or so-called bulls in the market, to break the $ 0.650 and $ 0.655 resistance failed and the price fell to $ 0.64. Key support for this digital currency is in the range of $ 0.620.
The BNB did not break the $ 295 resistance, but the price fell below $ 290. The main support is currently in the range of $ 278 and $ 275.
Solana’s price tried to stay above the $ 40 resistance; But it is currently trading much lower than this level. If the price trend is below $ 38, it is likely to reach $ 35.
Dodge Quinn lost support at $ 0.080. The next support is at $ 0.078 and further price reduction may push the price to the range of $ 0.075.
XRP is stabilizing in the $ 0.40 range. If the trend is to break the $ 0.42 and $ 0.425 resistance, the price is likely to rise. Otherwise, it is possible to reach the range of $ 0.35.
The symbol of many quinces on the market today is red; Meanwhile, Theta Digital Currency jumped 10 percent to $ 1.35. Helium jumped 14 percent to $ 11.70 to boost its weekly profit to 32 percent. Theta prices had risen 13 percent this week.
Also read: Most recent bitcoin fluctuations have been in line with whale behavior; How to use this opportunity?
In short, the price of bitcoin is declining and it is possible that the $ 29,500 support will be tested again. If Bitcoin fails to stay above $ 29,500, there is a possibility of a new wave of price declines.