Kryptodata

  • Market Cap: $2,082,478,681,458.21
  • 24h Vol: $59,482,611,563.10
  • BTC Dominance: 48.67%
Analysis of Prices on August 11th: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Dogecoin (DOGE), Cardano (ADA), Solana (SOL), Polygon (MATIC), Litecoin (LTC), Polkadot (DOT)

Analysis of Prices on August 11th: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Dogecoin (DOGE), Cardano (ADA), Solana (SOL), Polygon (MATIC), Litecoin (LTC), Polkadot (DOT)

Following the delay in the Bitcoin ETF decision, Bitcoin’s price has been consolidating in a tight range, making it difficult to predict a breakout. However, traders should be prepared for a trending move in the near future. Ethereum has also been trading within a range, with uncertainty between the bulls and bears. Binance Coin has seen a drop in price after failing to break above the resistance line of a triangle pattern. XRP is facing resistance at the 20-day EMA, with the important support level to watch being the 50-day SMA. Dogecoin continues to trade within an ascending channel pattern, but the bulls are struggling to overcome the downtrend line. Cardano’s recovery attempt has been halted at the 20-day EMA, indicating selling pressure from bears. Solana is stuck between $26 and $22.30, with $26 being a crucial level to watch on the upside. Polygon has failed to break above the 50-day SMA, but the bulls are holding their positions. Litecoin is struggling to bounce off strong support and may resume its downtrend if it breaks below $81.36. Polkadot has been trading near $5, with attempts by bulls to push the price above the 20-day EMA being met with resistance from bears. Overall, the cryptocurrency market remains uncertain and traders should be cautious.

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