๐ Market overview
Analyses indicate that the cryptocurrency market may see relative stability with some slight upward movements. Bitcoin is expected to continue to build on its gains, with a potential rise of between 2% to 5%, due to increased demand and investor interest.
๐ฐ Analysis of major coins
1๏ธโฃ Bitcoin (BTC)
๐น Current price: Around $104,000
๐ Expected trend: Stability with a slight upward tilt
๐ก๏ธ Major support: $86,500 โ as long as this level is not broken, the upward trend is likely
2๏ธโฃ Ethereum (ETH)
๐น Current price: Between $2,500 and $2,600
๐ Expected trend: Slight increase supported by developments in smart contracts and decentralized projects
3๏ธโฃ Ripple (XRP)
๐น Current price: Around $2.40
๐ Expected trend: Positive in the long term if it maintains the $1.50 level as a major support
๐ Market indicators
๐จ Fear and Greed Index: One of the most important indicators used to measure market sentiment.
๐ธ The closer the index gets to extreme fear = buying opportunity
๐ธ The closer it gets to extreme greed = the likelihood of a correction
Follow link: Fear and Greed Index from Binance
๐ก Recommendations for investors
โณ For short-term investors:
Watch support and resistance levels and avoid emotional decisions.
๐งฑ For long-term investors:
The market shows opportunities to build gradual positions, especially in coins with strong fundamentals like BTC and ETH.
โ Summary
The cryptocurrency market shows mixed signals but leans slightly towards the upside. It is very important to follow global economic news, technological developments, and technical market indicators to make successful investment decisions.
Today's coins:
$MUBARAK
$BAR
$PEOPLE
