Coinfomania: Where blockchain and cryptos live.

Crypto Market Outlook: Bitcoin (BTC), Ripple (XRP), Dogecoin (DOGE).

The crypto market is steady as of the time of writing. It has been steady for the last 24 hours as most cryptocurrencies are trading within a particular level with few dips and surge.

The crypto market may continue to remain steady as there is no significant improvement to the market sentiment. The last 24 hours saw the fear and greed index remain at 22 and continue as of the time of writing.

The stable fear and greed index may impact prices the same way it did during the last 24 hours with various cryptos suffering slight price correction at the start of the period but remaining at a price level and surging towards the end. An improvement of the current market situation will result in breaking this cycle. Here is the crypto market outlook for today;

BTC

The King coin saw an intraday low of $36,581 and a high of $40,770. Bitcoin gained more than 4% in the last 24 hours. Although trading volume is reduced by 11% in the last 24 hours, the bulls are edging as BTC surges.

The price action that plays out during the next 24 hours will tell if market conditions are more favourable for the buyers. Based on price actions in the last 24 hours, BTC may surge as high as $42k.

If the same price actions as the last 24 hours play out in the next, BTC may dip $40,000 before continuing the price hike that may see it close the day above $41k or closer it.

XRP

The last 24 hours saw XRP rise back to $1. The sixth coin by market saw a low of $0.88 during this time and a high of $1.07 as it records gains of more than 3%. XRP may increase more than the current intraday high as it may hit $1.15.

The next 24 hours may see XRP steady above $1.05 after it tests $1.15. The toughest resistance to flip in the bid above $1.15 is $1.10. Enough bulls will see the coin race past this resistance and hit the set mark.

DOGE

Dogecoin saw records one worst trading days this week as its trading volume plummets by 36% in the last 24 hours. The trading volume did not have any adverse effect on the coin price as it surges 2.3% in the last 24 hours.

Dogecoin will look to rising as high as $0.4 in the last 24 hours. The bears will look to use the decrease in trading volume to their advantage. Price may dip as low as $0.32 if prices dip.

The same price actions as the last 24 hours may be upon us, with the bulls having the last laugh. Things may also go south; resulting in the dip of various cryptocurrency. Let see how price plays out today.


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