Market Status: Digital currencies are returning
Bitcoin has weathered the downtrend well and remains above the $ 25,000 mark, indicating that it is likely to rise. Bitcoin is currently slightly above the key resistance of $ 30,000 and is trading at around $ 30,500. Although the price has increased by 6% compared to yesterday; But it still has a 17% decrease compared to last week.
Tetr, who lost his stability yesterday, hit his nail hard again and stabilized.
To Report Cryptonews also shows price recovery waves in the charts of most of the major pennies on the market. Atrium has returned to the top of the $ 2,000 resistance zone. XRP is hovering above $ 0.40. Cardano also crossed the $ 0.5 resistance.
Bitcoin prices
After a sharp drop in the price of Bitcoin, support at $ 25,000 finally stopped the downtrend. With Bitcoin returning and crossing the $ 29,000 level, the price has now reached the top of the $ 30,000 key resistance area. The next key resistance is in the $ 31,200 range.
If there is another downtrend, the price may be supported in the range of $ 28,800. The next key support is in the range of $ 27,500, which is likely to fall below this area.
Atrium price
Atrium also pulled the brakes on the $ 1,880 level and reversed the trend. Atrium is now above the $ 2,000 level and is showing positive signals. The nearest current resistance is currently at $ 2,120 and the next key resistance is at $ 2,200. Atrium has seen a 3% increase in price compared to yesterday and a 24% decrease in price compared to last week.
If a downtrend is formed, the first support is in the range of $ 2,000 and the next key support is in the range of $ 1,880. If this resistance is broken, a new downward wave in Atrium prices will be observed.
The price of Altcoins
Cardano rose to $ 0.40 before prices began to return. Now the price is back above $ 0.50 and even in the short term it is possible to get the level of $ 0.55.
Solana’s price is back in the $ 50 range and is now up 9 percent from yesterday. If the price of this digital currency closes in the range of more than $ 50, the promise of a stronger increase is heard by market participants.
The Dodge Quinn rose 16 percent to $ 0.092. A key resistance is currently forming near the $ 0.10 level. Dodge has lost 28% of its price compared to last week.
The XRP price improved above the $ 0.44 range. The key resistance is seen at around $ 0.45 and if this resistance is broken, the price will rise to $ 0.50.
Also read: Despite falling prices, corporate investors are buying bitcoins
The other coins on the market were also mostly bullish today. The maker price, meanwhile, recorded the best performance among the top 100 digital currencies in the market, growing by 50% overnight and crossing the $ 1,588 range. Other currencies such as ایپ کوین And Gala also saw a price increase of more than 42%. Luna, on the other hand, has regressed and is now trading at $ 0.00001944, falling 100% in one day.
In short, above the $ 29,000 level, the Bitcoin price chart is sending out positive signals. If the price closes above the $ 30,000 area, there will be a steady upward movement in the short term.