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Cryptocurrency market November 18, 2021: Bitcoin holds the foundation, Ethereum and Altcoins gain momentum

November 18, 2021 - Around 3 mins mins to read

Crypto market November 18, 2021: Bitcoin price finds support at USD 58,500 and rebounds. BTC is back above $ 60,000. A close above $ 61,200 could push the price towards the $ 62,500 resistance area.

Bitcoin Climb Continues as Ether Price Movement Garners Attention, Memecoins Surge After Elon Musk Tweet | Technology News

Also, most of the big altcoins are gaining upward momentum. ETH is up 5% to break the $ 4,300 mark. XRP accelerated to break above the $ 1.12 resistance. ADA is rising towards the $ 2.00 resistance area.

 

Cryptocurrency Market November 18, 2021: Bitcoin Price

After falling sharply, Bitcoin price found support near the $ 58,500 mark. BTC began an upward correction and traded over $ 60,000. On the downside, the price could be struggling near the $ 61,000 mark. A close above $ 61,000 could push the price towards the $ 62,500 resistance area.

On the flip side, initial support is near the $ 60,200 mark. The next major support is near $ 60,000, below which another decline could begin.

 

Cryptocurrency Market November 18, 2021: Ethereum Price

Ethereum price remains well above the $ 4,000 and $ 4,050 levels. As a result, there has been an upward move above the USD 4,250 resistance. The price even broke the $ 4,300 mark and is currently trading around it.

On the downside, initial support is close to $ 4,250. Main support is at $ 4,180, below which the price can test $ 4,050.

 

Cryptocurrency Market November 18, 2021: ADA, BNB, SOL, SHIB and XRP

Cardano (ADA) rebounded above the $ 1.88 and $ 1.90 resistance levels. On the flip side, the price could face sellers near $ 1.92 and $ 1.95. The main hurdle for the bulls is currently near the $ 2.00 mark.

Binance Coin (BNB) tested the USD 550 support. A base is formed and the price is currently moving up. If there is a break above $ 590, the price could break through as much as $ 600. Conversely, a further decline towards the USD 565 support is possible.

Solana (SOL) is moving higher and trading near the $ 220 mark. Immediate resistance is near the $ 225 level. Any significant move above this level could push the price towards the USD 235 resistance.

SHIB tries to rebound but faces resistance near the $ 0.0000050 level. A break above $ 0.0000500 can push the price even higher. The next major resistance is near the $ 0.0000525 level, above which a rally to $ 0.0000055 is possible.

XRP price is up nearly 6% and has broken the $ 1.12 resistance area. The price is currently approaching the $ 1.15 resistance level. Any other uptrend is likely to lead XRP towards the $ 1.20 resistance in the short term.

 

Cryptocurrency Market Nov 18, 2021: Another Altcoin Market Today

Many altcoins are up more than 8%, including CRO, KDA, IMX, KCS, AVAX, UMA, WAXP, YFI, AUDIO, SAND, CRV, MATIC, and MINA. Of these, the CRO rose 46% to top $ 0.55. Meanwhile, the IOTX and LRC are down about 10%.

Overall, the Bitcoin price is consolidating above the $ 60,000 mark. If BTC breaks above $ 61,000, it can rebound to the resistance area of ​​$ 62,500.

Join our Facebook group and Telegram group Coincu News to chat with more than 10,000 other people and share information about the crypto currency market.

Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice in any way. Your money, the choice is yours.

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Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Market

Cryptocurrency market November 18, 2021: Bitcoin holds the foundation, Ethereum and Altcoins gain momentum

Crypto market November 18, 2021: Bitcoin price finds support at USD 58,500 and rebounds. BTC is back above $ 60,000. A close above $ 61,200 could push the price towards the $ 62,500 resistance area.

Bitcoin Climb Continues as Ether Price Movement Garners Attention, Memecoins Surge After Elon Musk Tweet | Technology News

Also, most of the big altcoins are gaining upward momentum. ETH is up 5% to break the $ 4,300 mark. XRP accelerated to break above the $ 1.12 resistance. ADA is rising towards the $ 2.00 resistance area.

 

Cryptocurrency Market November 18, 2021: Bitcoin Price

After falling sharply, Bitcoin price found support near the $ 58,500 mark. BTC began an upward correction and traded over $ 60,000. On the downside, the price could be struggling near the $ 61,000 mark. A close above $ 61,000 could push the price towards the $ 62,500 resistance area.

On the flip side, initial support is near the $ 60,200 mark. The next major support is near $ 60,000, below which another decline could begin.

 

Cryptocurrency Market November 18, 2021: Ethereum Price

Ethereum price remains well above the $ 4,000 and $ 4,050 levels. As a result, there has been an upward move above the USD 4,250 resistance. The price even broke the $ 4,300 mark and is currently trading around it.

On the downside, initial support is close to $ 4,250. Main support is at $ 4,180, below which the price can test $ 4,050.

 

Cryptocurrency Market November 18, 2021: ADA, BNB, SOL, SHIB and XRP

Cardano (ADA) rebounded above the $ 1.88 and $ 1.90 resistance levels. On the flip side, the price could face sellers near $ 1.92 and $ 1.95. The main hurdle for the bulls is currently near the $ 2.00 mark.

Binance Coin (BNB) tested the USD 550 support. A base is formed and the price is currently moving up. If there is a break above $ 590, the price could break through as much as $ 600. Conversely, a further decline towards the USD 565 support is possible.

Solana (SOL) is moving higher and trading near the $ 220 mark. Immediate resistance is near the $ 225 level. Any significant move above this level could push the price towards the USD 235 resistance.

SHIB tries to rebound but faces resistance near the $ 0.0000050 level. A break above $ 0.0000500 can push the price even higher. The next major resistance is near the $ 0.0000525 level, above which a rally to $ 0.0000055 is possible.

XRP price is up nearly 6% and has broken the $ 1.12 resistance area. The price is currently approaching the $ 1.15 resistance level. Any other uptrend is likely to lead XRP towards the $ 1.20 resistance in the short term.

 

Cryptocurrency Market Nov 18, 2021: Another Altcoin Market Today

Many altcoins are up more than 8%, including CRO, KDA, IMX, KCS, AVAX, UMA, WAXP, YFI, AUDIO, SAND, CRV, MATIC, and MINA. Of these, the CRO rose 46% to top $ 0.55. Meanwhile, the IOTX and LRC are down about 10%.

Overall, the Bitcoin price is consolidating above the $ 60,000 mark. If BTC breaks above $ 61,000, it can rebound to the resistance area of ​​$ 62,500.

Join our Facebook group and Telegram group Coincu News to chat with more than 10,000 other people and share information about the crypto currency market.

Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice in any way. Your money, the choice is yours.

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