After the recent dip in the market, the market soon recovered from the crash and it's starting to rise again. We need to watch it carefully and analyze what is the next move. Here are the top 4 crypto currency u need to watch and what is the current market condition.
Disclaimer: I am not your financial adviser and all information available below are for purely educational purposes. Please verify all of the Information before using it and don't make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.
BTC/USD
After rallying to its All time high, bitcoin crashed just before reaching it all time high to almost $17k due to some whales moved their assets to the exchanges. After the crash, Whales purchased the bitcoin aggressively once again causing the market to recover quick and continues rally upward. As the btc price moving upward there is a strong resistance at $19,459.22. If the bitcoin breaks that price we could see an All time high of bitcoin breaking out of$20k. If it didn't break the resistance it can go down to $16k which is a bearish news though keep the hopes high.
ETH/USD
Ethereum's ETH2.0 genesis launch is slated to launch to tomorrow which is bullish signal for Ethereum. The current moving price of Ethereum is around $580 there is a major resistance around $592 and then at $622. If the bulls can push the price above this level Ethereum can easily reach over $800.
ADA/USD
Cardano's ADA had corrected to $0.1199845 on Nov. 26. Cardano is launched as an Ethereum killer and is certainly is an Ethereum killer. If anyone else says that it is hard to believe but cardano founder Charles Hoskinson is also the co founder of Ethereum. According to Cardano's Roadmap the company just acheived decentralization through its Shelley main net launch and it is set to launch smart contracts with its Goguen main net launch. Which is very much similar to Ethereum's smart contract and one key difference less gas fees. Ada is set to reach a minimum a $3 in this bull market.
XLM/USD
Stellar lumens just finished its major rally and reached a high of $0.231655 on Nov 25. There are some major reasons for its push part of the reasons include that US CDBC may be powered using Stellar Lumen blockchain. If the bulls can push the price above $0.231655, the next leg of the uptrend could begin. The next level to watch on the upside is $0.2933.
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