‘Boring’ is the fitting word for most cryptocurrencies as there are not many price actions from them. It is interesting to also see how strong resistance has held various cryptocurrencies ransom. The little or not so interesting price actions extends to the time of writing.
Here is the crypto market outlook for today:
After a dip, BTC recovers and starts to surge and reach a high that may last two days. This has been the BTC trading pattern for weeks excluding last week. Bitcoin followed this same pattern during the last 24 hours.
BTC dipped to as low as $56,981 and started to increase in value. More pressure was added to key resistance as MicroStrategy announced what they got from shopping; 253 BTC.
The last 24 hours closed with bitcoin recording a high $59,735. Following recent price patterns, it is easy to conclude that BTC will hit $60k before the end of the next 24 hours.
Polkadot had close to an uninteresting 24 hours. The only thrilling highlight from the last 24 hours was how DOT climbed to its intraday high of $44.8. It also enjoyed little volatility as prices corrected after a previous high and pumped to record a higher one.
It is hard to predict how prices will play out in the next 24 hours. Following a recent price movement from the last seven days, Polkadot may rise as high as $46 today.
So far, XRP is having one of the most interesting weeks since its introduction to the market. In the last 24 hours, XRP gained 33% and is set to reach another high in the next 24 hours.
With the FOMO surrounding XRP, the bears will put more effort into stopping Ripple from hitting $1. With more pressure on $0.97, the bulls will defend the support and will ensure ripple steady above $1.
Uniswap had a very volatile run during the past 24 hours. With UNI hitting a high of $31.4 and a low of $30.2. In the last 24 hours, uniswap recorded gains of more than 2%.
More attention will be placed on vital resistance as more bulls are present in the market and will seize every opportunity to see UNI increase more than 2% in the next 24 hours.
Another wonderful 24 hours are set out before traders as the highlighted cryptocurrencies are gearing up for tremendous price actions.
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