On Nov. 15, Bitcoin bounced off a support level of $15,800 along with a resistance near $17,150, gaining more than 5%. On the other hand, Ethereum, the second most valuable cryptocurrency, has recovered over 6% in the past 24 hours to trade at $1,257.
Major cryptocurrencies traded in the positive early Nov. 15, as the global cryptocurrency market capitalization rose more than 4% in the previous day to $842.95 billion. In the past 24 hours, the total volume of the cryptocurrency market increased by 37% to $82.88 billion.
Total DeFi volume is currently $4.13 billion, which is 5% of the total 24-hour cryptocurrency market volume. The total volume of all stablecoins is now $77.78 billion, which is 93% of the total cryptocurrency market volume in 24 hours.
Let’s take a look at the top altcoin gainers and losers over the last 24 hours.
Top Altcoin Winners and Losers
Cronos (CRO), Quant (QNT) and Lido DAO (LDO) are three of the top 100 coins that have gained in value over the past 24 hours. CRO price is up over 21% to $0.072, QNT is up over 20% to $119 and LDO is up nearly 13%.
We don’t have many losers today as overall market sentiment is positive. Axie Infinity (AXS) is down less than 1% in the past 24 hours to trade at $7.25. UNUS SED LEO (LEO) is down more than 0.50% in the past 24 hours.
The current price of Bitcoin is $16,766 and the 24-hour trading volume is $47 billion. Bitcoin is up 4% in the last 24 hours. CoinMarketCap currently ranks first, with a live market cap of $352 billion, up from $322 billion.
It has a maximum supply of 21,000,000 BTC coins and a circulating supply of 19,207,618.00 BTC coins.
The technical side of Bitcoin hasn’t changed much, as it continues to trade squarely in line with our previous Bitcoin price prediction.
Bitcoin is consolidating in a broad trading range of $18,000 to $16,000, with a breakout determining future price action. Within 4 hours, Bitcoin completed a 38.2% Fibonacci retracement to the $18,100 level, and is now stable. A positive crossover occurs when the price clears $18,100.
This level could expose the price of Bitcoin to the 61.8% Fibonacci level of $19,350. Bitcoin could drop below $15,965 if it fails to clear the 38.2% Fibonacci retracement level of $18,250.
A forward-looking technical indicator, the MACD, has entered the buy zone, while the 50-day moving average and Relative Strength Index (RSI) continue to point to a bear market.
If Bitcoin’s closing prices stay below $18,000, it’s possible the currency’s decline will continue; $16,000 and 15,850 are close support levels.
The current price of Ethereum is $1,258, with a 24-hour trading volume of $14 billion. Ethereum has gained more than 6% in the last 24 hours. 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.
There was a bullish retracement on the daily chart and Ethereum has reclaimed the $1,262 level.
The 50 day moving average is providing support at the $1,370 level as the immediate resistance level for Ethereum.
The rebound could accelerate to $1,506 or $1,670 if the bullish crossover above $1,370 holds.
Support is still around $1,170 or $1,095. If ETH breaks below this level, it could reach $1,000, or $881, but that seems unlikely for now.
Cronos price prediction as CRO pumps 25%
The current price of Cronos is $0.073, with a 24-hour trading volume of $240 million. CRO is up more than 25% in the last 24 hours. CoinMarketCap is currently ranked 29, with a live market cap of $1.8 billion. There are 25,263,013,692 CRO coins in circulation, with a maximum supply of 30,263,013,692 CRO coins.
The CRO is on a bullish streak, having surged above the $0.064 resistance level to complete a 38.2% Fibonacci retracement at $0.071. On the upside, a bullish breakout of the $0.071 level can expose the CRO to the $0.0765 or $0.0820 levels, which represent the 50% and 61.8% Fibonacci retracement levels, respectively.
The 50 day moving average, on the other hand, is expected to extend resistance near the $0.089 level. The MACD and RSI are diverging, as the MACD is in a buy zone and the RSI is in a sell zone.
CRO could find immediate support at $0.064 and a breach of this level could expose its price to $0.053.
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