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Bitcoin It was mostly unchanged on Nov 16 as it continued to consolidate below the 23.6% Fib retracement level at $17,200, which is now acting as resistance. EthereumThe second most valuable cryptocurrency is also trading sideways in the price range of $1,200 to $1,285.
Major cryptocurrencies were trading in the green globally as early as Nov 16 crypto market cap The previous day increased by over 0.50% to $847 billion. In the last 24 hours, the crypto market volume has increased by 25% to $62.50 billion.
The total DeFi volume currently stands at $3.86 billion, which accounts for over 6% of the total crypto market 24-hour volume. The total volume of all stable coins is now $58 billion, which is 93% of the total 24-hour volume of the crypto market.
Let’s take a look at the top altcoin gainers and losers over the past 24 hours.
Top Altcoin Pros and Cons
Chile (CHZ)Stack (STX), and Algorand (ALGO) Here are three of the top 100 coins that gained price in the last 24 hours. The price of CHZ is up more than 16% to $0.2325, the price of STX is up more than 12% to $0.2480, and the price of ALGO is up almost 12%.
Trust Wallet Token (TWT) It has fallen over 16% in the last 24 hours to trade at $1.89. Helium (HNT) is trading at $2.45, down more than 5% in the past 24 hours.
The current price of bitcoin is $16,892, with a 24-hour trading volume of $35 billion. Bitcoin has gained less than 1% in the past 24 hours. coinmarket cap Currently ranked first with a live market cap of $324 billion, down from $352 billion.
It has a maximum supply of 21,000,000 BTC coins and a circulating supply of 19,208,587 BTC coins.
Not much has changed in the technical aspects of bitcoin, as it is still trading similar to our previous bitcoin price prediction,
Bitcoin is consolidating in a wide trading range between $18,000 and $16,000, with a breakout likely to determine future price action. Bitcoin completed a 38.2% Fibonacci retracement level at $18,100 on the 4-hour time frame and is now bullish. There was a positive crossover when the price climbed above $18,100.
At this level, bitcoin price may come in contact with the 61.8% Fibonacci retracement level of $19,350. If bitcoin fails to break the 38.2% Fibonacci retracement level of $18,250, it could decline further below $15,965.
The MACD, a forward-looking technical indicator, has crossed into the buy zone, while the 50-day moving average and the Relative Strength Index (RSI) remain bearish. If bitcoin sustains a close below $18,000, the currency is likely to continue declining; $16,000 and $15,850 are the nearby support levels.
current price of Ethereum $1,256, with a 24-hour trading volume of $11 billion. In the past 24 hours, Ethereum is up less than 0.50%. With a live market cap of $153 billion, Coinmarketcap currently ranks second. It has a circulating supply of 122,373,866 ETH coins and no maximum supply.
On the daily chart, there has been a bullish retracement, and Ethereum Has reclaimed the $1,262 level. The 50-day moving average is providing support as an immediate level of resistance for Ethereum. If the bullish crossover sustains above $1,370, the rally could extend towards $1,506 or $1,670.
Support remains near the $1,170 or $1,095 level. If ETH breaks below this level, it has the potential to reach $1,000, or even $881, but that seems unlikely at the moment.
Chili Price Prediction as CHZ Pumps 16%
Chiliz is currently trading at $0.2334 with a 24-hour trading volume of $740 million. Chilli has rallied by more than 16% in the last 24 hours. Coinmarketcap is now ranked #34 with a live market cap of $1.4 billion.
There are 6,086,972,347 CHZ coins in circulation, with a maximum supply of 8,888,888,888 CHZ coins.
The CHZ/USD pair is in a bullish streak, breaking the key $0.2300 resistance, and by the close of candles above this level there is a potential for an upside move towards the $0.2600 or $0.2840 levels.
The next level of resistance on the upside lies at $0.3315. CHZ has surpassed its 50-day moving average, which is now supporting the coin at $0.2300 and means that the bullish trend will continue.
On the downside, CHZ/USD may find support near $0.2320, with $0.1810 acting as an important support. Above $0.2300, the bullish bias remains strong.
New Crypto Pre-Sale With Huge Potential
Dash 2 Trade (D2T)
dash 2 business, developed by Learn 2 Trade Services, provides investors with market driven insights, trading signals and prediction services. The cryptocurrency project aims to provide users with sufficient information to enable them to make profitable decisions.
D2T is an Ethereum-based trading intelligence platform that provides real-time analytics and social data to traders of all skill levels, allowing them to make more informed decisions.
It launched its token sale three weeks ago and has already raised over $6.2 million. It also announced its first CEX listing LBank Exchange, 1 D2T is currently worth 0.0513 USDT but it is expected to rise to $0.0533 in the next phase of the sale and to $0.0662 in the final phase.
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