In our last blog for cryptocurrencies, we have clearly given a buying call on DOGECOIN for the upside target of 0.285000—0.335000 which accomplishes magnificently. We hope, you all have minted money.
If we converse about a never-ending market i.e. crypto market, then today is the red ticking day for all key cryptocurrencies. Yet, from the weeks ago, we have seen some positive rally in the prices but today there is a clear decline in the levels.
At present, the market capitalization is $1.88 trillion globally. However, in the last 24 hours, there is a dip of around 4.63 percent.
Moreover, the world’s biggest currency which is Bitcoin is fallen nearly by 3 percent. Moreover, the levels are trading around $45300.
Ethereum is trading with a dip of 5 percent and as of 4:50 pm, the levels are trading around $3048.
Ethereum…A sharp downside fall is expected
On the pivot chart, Ethereum is depicting a downward trend thereby support levels are placed at 2950 with a resistance level at 3100.
3015 is the breaching point level. However, if breaches, then the levels may depict a downward rally. Further, the rally may continue from 2980—2950 levels.
A sharp downside fall is visible around 2950 levels. Panic is on the way to come.
Be watchful traders. Be patient and trade safely as per the levels given above. Thus, the weakness is shining on the chart.