Kryptodata

  • Market Cap: $2,707,034,085,557.01
  • 24h Vol: $89,162,037,294.51
  • BTC Dominance: 50.71%
Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), Solana (SOL), TON Crystal (TON), Polkadot (DOT), and Polygon (MATIC): Price Analysis on August 30th

Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), Solana (SOL), TON Crystal (TON), Polkadot (DOT), and Polygon (MATIC): Price Analysis on August 30th

Bitcoin and altcoins are struggling to maintain their gains following Grayscale’s victory over the SEC.

Grayscale’s victory may be bullish for the company, as analysts predict a potential return to premium for the Grayscale Bitcoin Trust next year.

The short-term performance of the crypto markets suggests that traders are focused on crypto-specific news rather than broader market trends.

Bitcoin’s price is likely to oscillate between $24,800 and $31,000 in the coming days, with support at $26,833 and resistance at $28,689 and $31,000.

Ether is rebounding off support at $1,626, but faces resistance at $1,816. The price could swing between these levels for some time.

BNB surged higher but faces resistance at the 50-day SMA. Support is at $220, and a break below could indicate bearish control.

XRP is trading between $0.50 and $0.56, with support at $0.50 and resistance at $0.56. A break above resistance could signal a sustained recovery.

Cardano remains stuck between $0.24 and $0.28, with support at the uptrend line and resistance at $0.28.

Dogecoin reached the 20-day EMA but struggles to sustain above it. The price could consolidate between the 20-day EMA and support at $0.06.

Solana’s recovery hit a roadblock at the 20-day EMA, indicating negative sentiment. Support is at $19.35, and resistance is at $22.30.

Toncoin broke out of an inverse head-and-shoulders pattern, with support at $1.53 and resistance at $1.91 and $2.07.

Polkadot broke above the 20-day EMA but faced selling pressure. The price could range between the 20-day EMA and support at $4.22.

Polygon is facing resistance between $0.60 and $0.65, with support at $0.51 and resistance at the 50-day SMA.

Summary:

– Bitcoin and altcoins are struggling to hold gains following Grayscale’s victory over the SEC.

– Grayscale’s victory may be bullish for the company, with potential return to premium for the Grayscale Bitcoin Trust.

– Short-term performance suggests traders are focused on crypto-specific news.

– Bitcoin, Ether, BNB, XRP, Cardano, Dogecoin, Solana, Toncoin, Polkadot, and Polygon all face different levels of support and resistance.

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