Weekly Analysis Of The Cryptocurrency Market: Altcoins Are On The Retreat To Previous Lows
Submitted by Anonymous (not verified) on Fri, 12/02/2022 - 12:10Cryptocurrencies are in freefall and have moved deeper into the downtrend zone.
Cryptocurrencies are in freefall and have moved deeper into the downtrend zone.
The Bitcoin (BTC) price has rallied after hitting a high of $17,275. The bullish momentum has remained at the recent high.
There is a favorable uptrend in altcoins this week.
Bitcoin Cash price (BCH) rose above the moving average lines, indicating an uptrend.
Cardano (ADA) price is falling below the moving average lines. Support at $0.31 has been defended by buyers since November 9.
Litecoin (LTC) price has been rising after breaking through the $64 level.
The price of Ripple (XRP) is falling as buyers fail to keep the price above the moving average lines.
Ethereum price (ETH) is falling as it faces resistance at the high of $1,200.
The cryptocurrencies listed below are now trading in the downtrend zone of the chart.
Bitcoin (BTC) price is falling below the moving average lines. The BTC price hits a low of $16,057 today before rising again.
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