Bitcoin, Ethereum price prediction: A minor consolidation in market leaders Bitcoin a Ethereum have created a sense of uncertainty in the crypto market. However, the sideways movement in these coins will also validate whether the market is sustaining higher grounds.
Moreover, by 9:17 am EST Saturday, the global crypto market stood at $855.12 Billion, showing a 0.53% rise over the last 24 hours. However, the total crypto market volume fell 21.3% to $32.24 Billion. The total volume in DeFi is currently at $2.49 Billion, making up 7.72% of the total crypto market 24-hour volume.
Top Gewënner a Verléierer
Quelle- Coin360
Despite a sideway sentiment in the crypto market, the Aptos and Quant tokens showed gains among the top 100 listed cryptocurrencies. In the last 24 hours, the APT price rose 8.87% to reach the current price of $5.03; meanwhile, the QNT price appreciated 7.33% to reach the $131.67 mark. On a contrary note, the BinaryX and Filecoin tokens are experiencing the most loss. The BNX price at $125.81 shows a 2.66% fall, whereas the FIL price at $4.54 reflects a 2.34% drop.
Bitcoin Präis
Quelle- Coinmarketcap
The ongoing recovery cycle in Bitcoin Präis has recently managed to breach the monthly resistance of $16900. On November 30th, the bullish breakout from the mentioned resistance and 20-day EMA with a substantial volume rise indicate the buyers are aiming to reach higher levels.
For the past three days, the prices have been trying to sustain above the reclaimed support, offering entry opportunities for sidelined buyers. Moreover, the lower price rejection at this combined support indicates the buyers are trying to sustain higher prices.
Quell- Tradingview
Thus, the post-retest rally may drive the price 4.3% higher to $17700, followed by $18500.
Alternatively, a daily candle closing below $16900 during the retest phase will invalidate the selling pressure.
Ethereum Präis
Quelle- Coinmarketcap
The Ethereum price experienced a V-shaped recovery when it bounced back from $1100-1080 support on November 22nd. The bullish recovery registered 19% growth and pushed the price above several resistances, such as $1220, $1270, and 20-day EMA.
Similar to Bitcoin, the ETH has been moving sideways over the past three days, trying to sustain above the $1270 and 20-day EMA flipped support. Thus, the new support should offer buyers a strong footing to lead the prices higher.
Quell-Tradingview
Thus, with sustained buying, the der Altcom could rise 12% higher by $1425.
Conversely, a breakdown below the $1220 support would offset the bullish thesis.
Dee presentéierten Inhalt kann d'perséinlech Meenung vum Autor enthalen an ass ënner Zoustand vum Maart. Maacht Är Maartfuerschung ier Dir a Kryptowärungen investéiert. Den Autor oder d'Publikatioun huet keng Verantwortung fir Äre perséinleche finanzielle Verloscht.
Source: https://coingape.com/bitcoin-ethereum-price-prediction-reclaimed-ema-assists-market-leaders-for-further-recovery/