At the Asian session, Bitcoin The price is trading bearish near $20,916 after bouncing off the $20,000 support level. Similarly, ethereum Up more than 2% to $1,637, approaching the 78.6% Fibonacci retracement level.
As early as October 30th, major cryptocurrencies were trading in green. Global crypto market capitalization Exceeded $1 trillion with $91 billion in trading volume.
Overall, markets are risk-on ahead of the US Federal Reserve’s monetary policy and interest rate decisions later this week.
Top Altcoin Winners and Losers
Dogecoin (DOGE)Klaytn (KLAY), and Waves (WAVES) were the top performers in the last 24 hours. DogeThe price of KLAY rose by more than 50% to $0.1344, while the price of KLAY rose by nearly 19% to $0.29. At the same time, WAVES is up more than 13% and is trading at $3.80.
Mina (MINA) has fallen more than 5% to $0.70 this week. Terra Classic USD (USTC) It dropped more than 6% to around $0.038.
The current Bitcoin price is $20,869 with a 24-hour trading volume of $39 billion. Bitcoin has surged over 8% over the last seven days. CoinMarketCap is currently ranked number one, with live market capitalization rising from yesterday’s $397 billion to his $400 billion.
The BTC/USD pair is currently consolidating in a large trading range of $20,000 to $21,000 stretched by Fibonacci retracement levels ranging from 38.2% to 61.8%. However, the overall trading base remains bullish.
The RSI and MACD are still in the bullish zone, indicating a likely continuation of the positive trend. Moreover, the 50-day moving average recommends buying above $19,750.
As a result, a break above the 61.8% Fibo level could extend the buy trend to $21,900. If the current upward trend continues, Bitcoin could reach $22,500.
On the downside, Bitcoin’s immediate support level is still near $20,250. Today, investors could look for long positions on his $21,000 bullish breakout and vice versa.
Ethereum is currently priced at $1,630 with a 24-hour trading volume of $19 billion. Over the past seven days, Ethereum has increased by more than 24%. CoinMarketCap is currently ranked No. 2, with live market capitalization increasing from $194 billion yesterday to his $199 billion.
The technical outlook for ETH/USD on Sunday is largely unchanged and continues to show bullish trends.of Ethereum/USD The pair has completed a 61.8% Fibonacci retracement at $1,550 and is now above this level, indicating a possible bullish trend correction.
On the daily chart, ETH has broken out of its previous high of $1,595, indicating strong bullish power. If the ETH price rises above $1,595, it can reach $1,650 or $1,700.
Leading indicators such as the RSI and MACD remain in the buy zone. As a result, a bullish correction is likely to occur above $1,550. At the same time, support remains at $1,404 today.
New crypto presale
With the exception of Bitcoin and Ethereum, new coins in presale are doing well and making headlines. . The amount raised so far represents a significant vote of confidence for the platform.
The company plans to launch the platform in the first quarter of 2023, following a pre-sale, and its D2T token will be listed on multiple exchanges.
The Dash 2 Trade presale is $3.3 million In less than a week, it will be one of the biggest token sales of the year. The Dash 2 Trade presale is still ongoing. D2T token is purchased at $0.05 USDT.