Review of current market trends
Today, the cryptocurrency market shows different signals for different assets. Let's take a closer look at each of the leading cryptocurrencies based on current data.
Analysis of DOGA/USDT
• Current price: $0.14191 (+5.49%)
• 24 Hour High/Low: $0.14373 / $0.12576
• 24-hour volume: 1.31 billion DOGE, 174.65 million USDT
• Moving averages:
• MA(7): $0.13269
• MA(25): $0.13237
• MA(99): $0.12560
Technical analysis:
The DOGE/USDT pair is showing a sharp rise, breaking through the resistance level at $0.13733 and reaching a 24-hour high of $0.14373. Trading volume increased significantly, which may indicate a continuation of the bullish trend.
Forecast for tomorrow:
It is expected that if the current uptrend continues, the price may reach $0.15. However, a correction to the level of $0.135 is possible with a decrease in trading volume.
Analysis of XRP/USDT
• Current price: $0.5965 (+0.27%)
• 24 Hour High/Low: $0.6080 / $0.5721
• 24-hour volume: 279.87 million XRP, 165.03 million USDT
• Moving averages:
• MA(7): $0.5884
• MA(25): $0.5906
• MA(99): $0.5832
Technical analysis:
The XRP/USDT pair is in a consolidation phase, fluctuating between support and resistance levels at $0.5721 and $0.6080, respectively. An upward trend is possible if the resistance at $0.6080 is broken.
Forecast for tomorrow:
If the price stays above $0.5965, an increase to $0.615 is possible. If it falls below this level, the price may return to $0.583.
ETH/USDT analysis
• Current price: $3,509.73 (-0.40%)
• 24-Hour High/Low: $3,528.80 / $3,411.40
• Volume for 24 hours: 193.475 million ETH, 674.75 million USDT
• Moving averages:
• AND(7): $3,494.41
• AND(25): $3,501.23
• MA(99): $3,464.59
Technical analysis:
The ETH/USDT pair is showing moderate volatility, trading in a range between $3,411.40 and $3,528.80. The current price is near MA(25), which may indicate a possible continuation of the sideways trend.
Forecast for tomorrow:
The price may remain in the range of $3,500-$3,540. If volumes increase, a breakdown of resistance and growth to $3,570 is possible.
BTC/USDT Analysis
• Current price: $67,902.36 (+0.85%)
• 24 Hour High/Low: $68,209.16 / $65,777.00
• 24-hour volume: 21.276 million BTC, 1.43 billion USDT
• Moving averages:
• MA(7): $67,263.65
• MA(25): $67,079.23
• MA(99): $65,696.51
Technical analysis:
The BTC/USDT pair continues its upward trend, trading above all major moving averages. Trading volume remains high, supporting the current bullish trend.
Forecast for tomorrow:
The rise is expected to continue to $68,500 if the price holds above $67,900. In case of correction, a rollback to the level of $67,200 is possible.
Conclusion
The market presents different opportunities for traders with different trends for different assets. Traders should pay attention to key support and resistance levels, as well as volume and moving averages to make informed decisions.
