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Cryptocurrency market November 30, 2021: The battle with Bitcoin, Ethereum

Crypto market November 30, 2021: Bitcoin price tried to break the $ 60,000 mark. However, BTC has not been able to gain strength beyond the $ 58,000 and $ 58,500 levels. At 04:24 UTC, BTC is consolidating near $ 57,200.

Plus, most of the big altcoins are picking up speed. ETH is up nearly 3% and has seen a breakout above $ 4,400. XRP has hit the resistance area of ​​$ 1.00. ADA faces resistance near the $ 1.60 level.

Cryptocurrency Market November 30, 2021

Cryptocurrency Market November 30, 2021: Bitcoin Price

After Bitcoin price closed above $ 57,000, it broke through $ 58,000. BTC even broke the USD 58,500 resistance and is currently consolidating below USD 58,000. If there is another spike above $ 58,500, a rally to $ 60,000 is possible. The next major resistance is near the $ 61,200 mark.

On the flip side, initial support is near the 57,000 mark. The next big support is currently forming near $ 56,500, below which further declines are possible.

Cryptocurrency Market November 30, 2021: Ethereum Price

Ethereum price accelerated as it broke the $ 4,400 and $ 4,420 resistance levels. ETH even tested the $ 4,500 level before correcting gains. If it breaks below $ 4,400, the price can test the $ 4,350 support.

Initial upside resistance is near the $ 4,500 mark. A significant move above $ 4,500 can push the price towards $ 4,650.

Cryptocurrency Market November 30, 2021: ADA, BNB, SOL, SHIB and XRP prices

Cardano (ADA) is moving higher but is facing resistance near USD 1.60. The next major resistance is at $ 1.62, above which a rally is likely. Otherwise, it may fall to the USD 1.52 support.

Binance Coin (BNB) is up almost 2% and is testing $ 620. The next big hurdle is near the $ 632 mark above which the price could rise. In this case, the price can go up to the level of $ 650.

Solana (SOL) is consolidating above the $ 200 mark. Immediate resistance is near $ 212, above which a rally to $ 225 is possible. Conversely, the bears may push the price towards the USD 192 support.

SHIB began to rise sharply above the $ 0.000040 mark. It rebounded 19% to break $ 0.0000470 after Kraken announced it would support SHIB trading on November 30th.

The XRP price broke the $ 1.00 level. The main resistance is currently at $ 1.05. Each additional win can lead to a greater rate of increase. The next major resistance is at $ 1.12.

Cryptocurrency Market November 30, 2021: Another Altcoin Market

Many altcoins are up more than 8%, including XTZ, STX, SHIB, OMG, HBAR, MATIC, AAVE, ZEN, CAKE, and DOGE, up 7%, reducing all weekly losses and exceeding over $ 0.22.

Overall, the Bitcoin price is faced with hurdles above the $ 58,000 mark. If BTC continues to struggle, it could see a bearish response to the $ 55,000 level.

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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.

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