Crypto Blog
With world stock markets in turmoil, volatility also came to crypto. Ethereum could not stop the downtrend and closes the week with a 3% loss. The price also lost its previous support at $$3,300 even if buyers tried to reclaim it. It now acts as a key resistance.
The most likely scenario is for sellers to take XRP to the key support at 54 cents. There, buyers could return to stop this correction and attempt a new rally towards the current target and resistance at 68 cents. Looking ahead, ADA is in a difficult position and would benefit if the overall market stops the current correction. Otherwise it is hard to see the price reverse here.Binance Coin is one of the few altcoins that managed to make a new all-time high this year. This is quite a privileged position considering most altcoins struggled to make new highs.
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