Mon 18 Nov 2024 ▪
3
min reading ▪ by
Eddy S.
Explore the dynamic world of cryptos where every price movement is significant. Bitcoin is hitting highs, Ethereum is struggling for support, and Ripple is showing rally potential. Check out the forecasts for these three giants and get ready to navigate a hot market.
Crypto : Bitcoin and Ethereum a l'opposé !
Bitcoin (BTC) hit an all-time high of $93,265 last Wednesday and is now consolidating between $87,000 and $93,000. Currently, it is trading around $90,500. If BTC falls below $87,000, it could drop to $85,000 or even $78,000 if it closes below this level.
The RSI is at 74, indicating increased risk. Crypto traders should therefore be careful, as an exit from overbought territory could signal a pullback. Conversely, a close above $92,625 could push BTC towards $100,000.
As for Ethereum, its price fell 8.8% through Sunday after being rejected at $3,454 on Tuesday. This Monday, it is trading around $3,100, close to the key $3,000 level. A close below this level could lead to a decline towards $2,799. The RSI is at 61, signaling a possible decline if below 50. On the other hand, a close above $3,454 could push ETH towards $4,000.
Is Ripple planning a rally?
Ripple (XRP) price broke above the $0.718 resistance on Thursday, rising 62.5% through Saturday. On Sunday, it fell 5.9%, failing to close above $1.13. This Monday, it is trading at $1.13, up 8.8%. A close above $1.13 could extend the 21% rally to $1.372.
The RSI at 85, well above 70, signals increased risk. Crypto investors should be careful, as a breakout from overbought could indicate a pullback. Otherwise, XRP could retest $1.00.
In short, the forecasts for these three cryptos show varied scenarios: consolidation for Bitcoin, a critical situation for Ethereum, and bullish potential for Ripple. Investors should remain vigilant and closely monitor support and resistance levels to make informed decisions.
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Eddy S.
The world is evolving and adaptation is the best weapon to survive in this undulating universe. Basically a crypto community manager, I am interested in everything directly or indirectly related to blockchain and its derivatives. In order to share my experience and raise awareness of a field that fascinates me, there is nothing better than writing articles that are informative and relaxed at the same time.
