Crypto market November 18, 2021: Bitcoin price finds support at USD 58,500 and rebounds. BTC is back above $ 60,000. A close above $ 61,200 could push the price towards the $ 62,500 resistance area.
Also, most of the big altcoins are gaining upward momentum. ETH is up 5% to break the $ 4,300 mark. XRP accelerated to break above the $ 1.12 resistance. ADA is rising towards the $ 2.00 resistance area.
Cryptocurrency Market November 18, 2021: Bitcoin Price
After falling sharply, Bitcoin price found support near the $ 58,500 mark. BTC began an upward correction and traded over $ 60,000. On the downside, the price could be struggling near the $ 61,000 mark. A close above $ 61,000 could push the price towards the $ 62,500 resistance area.
On the flip side, initial support is near the $ 60,200 mark. The next major support is near $ 60,000, below which another decline could begin.
Cryptocurrency Market November 18, 2021: Ethereum Price
Ethereum price remains well above the $ 4,000 and $ 4,050 levels. As a result, there has been an upward move above the USD 4,250 resistance. The price even broke the $ 4,300 mark and is currently trading around it.
On the downside, initial support is close to $ 4,250. Main support is at $ 4,180, below which the price can test $ 4,050.
Cryptocurrency Market November 18, 2021: ADA, BNB, SOL, SHIB and XRP
Cardano (ADA) rebounded above the $ 1.88 and $ 1.90 resistance levels. On the flip side, the price could face sellers near $ 1.92 and $ 1.95. The main hurdle for the bulls is currently near the $ 2.00 mark.
Binance Coin (BNB) tested the USD 550 support. A base is formed and the price is currently moving up. If there is a break above $ 590, the price could break through as much as $ 600. Conversely, a further decline towards the USD 565 support is possible.
Solana (SOL) is moving higher and trading near the $ 220 mark. Immediate resistance is near the $ 225 level. Any significant move above this level could push the price towards the USD 235 resistance.
SHIB tries to rebound but faces resistance near the $ 0.0000050 level. A break above $ 0.0000500 can push the price even higher. The next major resistance is near the $ 0.0000525 level, above which a rally to $ 0.0000055 is possible.
XRP price is up nearly 6% and has broken the $ 1.12 resistance area. The price is currently approaching the $ 1.15 resistance level. Any other uptrend is likely to lead XRP towards the $ 1.20 resistance in the short term.
Cryptocurrency Market Nov 18, 2021: Another Altcoin Market Today
Many altcoins are up more than 8%, including CRO, KDA, IMX, KCS, AVAX, UMA, WAXP, YFI, AUDIO, SAND, CRV, MATIC, and MINA. Of these, the CRO rose 46% to top $ 0.55. Meanwhile, the IOTX and LRC are down about 10%.
Overall, the Bitcoin price is consolidating above the $ 60,000 mark. If BTC breaks above $ 61,000, it can rebound to the resistance area of $ 62,500.
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