For a while, BTC has been stuck at the $85k mark. Now the coin is facing critical resistance against the chance of a potential rally ahead.
However, the SME has triggered a new trend. Following BTC most of the other coins are trying to avoid any critical spike. However, you must note that XRP and LEO among many coins have faced a slight slump today.
LEO is around $9.44 at press time. While XRP stands at $2.08.
There are visible factors that triggered the fall. The US stock market was closed for three days at a stretch. Meanwhile, the crypto market didn’t show any hype worthy growth throughout the rest of the week. Following suit, the trading activity has also slumped.
The recent flush hasn’t been recovered yet. Meanwhile, the BTC’s drop, and the status of other coins are raising fresh doubts around the market.
At one point, BTC dropped to $74k due to the tariff turmoil. At press time, BTC is around $84,664. And the 1-day trading volume of the coin is $20.43 billion, a staggering high, that has been stable for a week now.
ETH’s Status Now
ETH has also been trying to break off the current resistance position. The coin is, however, not able to get past the $16000 mark. The timeframe and the situation around XRP are also similar. If the coin falls below $2.10, it would be difficult to go over the projected resistance of $2.5 for the coin.
The condition of the overall market is stable. The investors are not allowing the small slumps in the price to affect their sentiments. So, it is an ideal situation to find out who fares above the rest of the tribe.
The trending Coins You can Invest In:
- Threshold (T)
- MEME
- Bittensor
- UXLINK and
- Baby DogeCoin
