Market

Cryptocurrency Market November 25, 2021: Bitcoin and Ethereum Trying to Rise, SAND Doubling in One Week

Cryptocurrency Market November 25, 2021: Bitcoin price is trading above the USD 55,500 support level. BTC is bullish and is currently trading near $ 57,500 at 04:41 UTC. A closing price above $ 58,000 could open the door to a steady wave of near-term rebound.

Also, most of the major altcoins are showing positive signs. ETH is back above $ 4,250 and can break the $ 4,350 resistance. XRP needs to settle above $ 1.05 to start a steady increase. ADA is trading below the $ 1.72 pivot level.

Cryptocurrency Market November 25, 2021

Cryptocurrency Market November 25, 2021: Bitcoin Price

After falling slightly, Bitcoin price found support near the $ 56,000 mark. BTC started spiking again and slumped over $ 57,000. It even topped $ 57,500 and is currently facing resistance near $ 58,000. The next big resistance is at $ 58,500, above which the price could start a steady rise.

On the flip side, initial support is close to $ 57,000. The next big support is at $ 56,500, below which it may drop to the key support of $ 55,500.

Cryptocurrency Market November 25, 2021: Ethereum Price

Ethereum price is trading above $ 4,250. ETH even climbed above $ 4,300 but is facing resistance near $ 4,350. A significant break above the USD 4,350 resistance area could open the door to a new rally.

If it comes to another drop, the price may find support near $ 4,250. The next big support is near $ 4,050 below which further declines are possible.

Cryptocurrency Market November 25, 2021: ADA, BNB, SOL, SHIB and XRP prices

Cardano (ADA) has gained bearish momentum below the $ 1.75 and $ 1.72 levels. It is currently consolidating losses with immediate support at $ 1.62. The next big support is at $ 1.60, below which the price could test $ 1.50.

Binance Coin (BNB) rose 4%, breaking $ 585. The price has even passed the $ 600 mark and is showing positive signs. Any further gains could move the price towards $ 620.

Solana (SOL) is still consolidating below the USD 220 and USD 225 resistance levels. The main downside support is near the $ 200 mark, below which the bears can gain strength.

SHIB fell to $ 0.000035 before a new rally began. It is back above $ 0.000040 and is showing positive signs. A closing price above $ 0.000042 could trigger a rally towards $ 0.00045.

XRP price is consolidating above the USD 1.00 support area. A major hurdle is forming near the $ 1.05 mark. A closing price above $ 1.05 can push the price down to $ 1.12. The next major resistance is near the $ 1.15 level.

Cryptocurrency Market November 25, 2021: Another Altcoin Market

Many altcoins are up more than 10%, including BORA, GALA, CHZ, WAXP, CRV, MINA, FTM, SAND, LRC, MANA, BCH and QTUM. Of these, SAND expanded its upward momentum by adding 22% in one day and increasing its weekly gain to 106%. It is currently trading at around $ 7.60.

Overall, the Bitcoin price is rising towards USD 58,500. If BTC accelerates above $ 58,500, it could accelerate higher in the short term.

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.

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.

Recent Posts

Missed the AAVE Bullish Ride? This New Presale Can Turn Your Thousands into Millions

While Aave finds itself in uncertain territory, a fresh face in the crypto scene, Qubetics…

3 hours ago

Dogecoin Price Forecast: Analysts Push For $0.2288 DOGE While This Ethereum Altcoin Eyes 8,000% Gains In The Next 16 Days

Analysts push for a Dogecoin price surge to its $0.2288 yearly high while ETFSwap (ETFS)…

3 hours ago

Below $1 Swift Altcoin Competitor Could Overshadow XRP Price Potential Election Rally 

Discover the promising altcoin under $1 that may outperform XRP amid election volatility and market…

3 hours ago

Polkadot and SP Negócios Collaborate to Enhance Crypto Economy Development

Campinas, Brazil, 5th November 2024, Chainwire

4 hours ago

Terra Shuttle Bridge Has Now Been Disabled

Terra Shuttle Bridge has now been closed, and all remaining LUNC and USTC tokens have…

5 hours ago

FLOKI Announces Dubai Takeover with WAFI Mall Campaign

Miami, Florida, 5th November 2024, Chainwire

6 hours ago

This website uses cookies.