Crypto market November 30, 2021: Bitcoin price tried to break the $ 60,000 mark. However, BTC has not been able to gain strength beyond the $ 58,000 and $ 58,500 levels. At 04:24 UTC, BTC is consolidating near $ 57,200.
Plus, most of the big altcoins are picking up speed. ETH is up nearly 3% and has seen a breakout above $ 4,400. XRP has hit the resistance area of $ 1.00. ADA faces resistance near the $ 1.60 level.
Cryptocurrency Market November 30, 2021: Bitcoin Price
After Bitcoin price closed above $ 57,000, it broke through $ 58,000. BTC even broke the USD 58,500 resistance and is currently consolidating below USD 58,000. If there is another spike above $ 58,500, a rally to $ 60,000 is possible. The next major resistance is near the $ 61,200 mark.
On the flip side, initial support is near the 57,000 mark. The next big support is currently forming near $ 56,500, below which further declines are possible.
Cryptocurrency Market November 30, 2021: Ethereum Price
Ethereum price accelerated as it broke the $ 4,400 and $ 4,420 resistance levels. ETH even tested the $ 4,500 level before correcting gains. If it breaks below $ 4,400, the price can test the $ 4,350 support.
Initial upside resistance is near the $ 4,500 mark. A significant move above $ 4,500 can push the price towards $ 4,650.
Cryptocurrency Market November 30, 2021: ADA, BNB, SOL, SHIB and XRP prices
Cardano (ADA) is moving higher but is facing resistance near USD 1.60. The next major resistance is at $ 1.62, above which a rally is likely. Otherwise, it may fall to the USD 1.52 support.
Binance Coin (BNB) is up almost 2% and is testing $ 620. The next big hurdle is near the $ 632 mark above which the price could rise. In this case, the price can go up to the level of $ 650.
Solana (SOL) is consolidating above the $ 200 mark. Immediate resistance is near $ 212, above which a rally to $ 225 is possible. Conversely, the bears may push the price towards the USD 192 support.
SHIB began to rise sharply above the $ 0.000040 mark. It rebounded 19% to break $ 0.0000470 after Kraken announced it would support SHIB trading on November 30th.
The XRP price broke the $ 1.00 level. The main resistance is currently at $ 1.05. Each additional win can lead to a greater rate of increase. The next major resistance is at $ 1.12.
Cryptocurrency Market November 30, 2021: Another Altcoin Market
Many altcoins are up more than 8%, including XTZ, STX, SHIB, OMG, HBAR, MATIC, AAVE, ZEN, CAKE, and DOGE, up 7%, reducing all weekly losses and exceeding over $ 0.22.
Overall, the Bitcoin price is faced with hurdles above the $ 58,000 mark. If BTC continues to struggle, it could see a bearish response to the $ 55,000 level.
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