Today will be one of the important days for some altcoin projects. Various cryptocurrencies are listed on new exchanges, expanding its user base. On the other hand, the team behind some altcoins tightens ties with their community by holding Q&A events. Here are the details…
Today, there are significant developments for 7 altcoins
Bitcoin price settled well below the $20,500 resistance zone. BTC is currently trading below the $20,000 support zone. Similarly, most major altcoins are struggling to start a fresh increase. ETH started a big drop despite Merge. It traded below the $1,500 support. This has also negatively affected other altcoin prices. However, developments in the ecosystem continue unabated. You can see the ecosystem developments today in the list below:
- Biconomy lists Pitbull (PIT) in USDT pair at TSI 13.
- Ooki (OOKI) is attending Binance’s live event.
- BitMart lists HyperonChain (HPN) with USDT pair at 12 CET.
- Dock (DOCK) will hold a question and answer event on Twitter Spaces.
- XT.COM lists BRN Metaverse (BRN) in USDT pair at CET.
- MASQ (MASQ) is holding a question and answer event with Akash Network (AKT).
- LBank lists NFTY Labs (NFTY) with USDT pair.
What is the latest situation in the market?
Meanwhile, it is useful to look at the price movements of the largest cryptocurrencies. As we reported on cryptokoin.com, Bitcoin price settled below the $20,000 support zone. BTC even settled below the $19,800 level and the 50 hourly simple moving average. It is currently consolidating above the $19,500 support zone.
Ethereum price struggled to surpass the $1,650 and $1,655 resistance levels. As a result, there was a sharp bearish response after Merge was completed. ETH settled well below the $1,600 level and the 50 hourly simple moving average. It even broke the $1,500 level and tested the $1,460 support. Cardano (ADA) failed to clear the $0.48 resistance zone. It reacted down and traded below $0.465.
BNB is consolidating near the $272 support zone. Solana (SOL) is again falling towards the $32.20 support. DOGE traded below the key $0.060 support level. XRP price is declining towards the $0.32 support zone. Several altcoins are in the green zone, including ATOM, GLM, LUNC, CHZ, KNC, QNT, LINK, NEO, USDN, GMT, and LDO. Apart from these, ATOM rallied over 12 percent and broke the $15.10 level. Overall, bitcoin price is struggling to stay above the key $19,500 support.
