HomeTradingBitcoin, Ethereum, Solana all marked-up in price on Monday

Bitcoin, Ethereum, Solana all marked-up in price on Monday

Bitcoin price 

Monday’s daily candle was another battle that went to bullish BTC market participants as BTC’s price closed the day +$1,442 and above short term resistance at the $43k level. 

The BTC/USD 1D chart below from Kongkiat shows the most critical support levels and resistances in the interim for BTC market participants. 

Traders can see bitcoin’s price has formed a head and shoulders pattern that has the potential upside in the mid-term of the $52k level. That level could be a major tug-of-war between bullish and bearish market participants. 

In the interim, bullish traders are seeking to crack the $46,513 level as further confirmation of their momentum. Conversely, bearish traders are seeking a trip back down to retest the 0.618 fib level [$40,179.14]. 

Bitcoin price 
Bitcoin critical support levels and resistances

Bitcoin’s Moving Averages: 20-Day [$39,772.24], 50-Day [$45,111.98], 100-Day [$50,990.83], 200-Day [$46,091.71], Year to Date [$40,695.47].

The Fear and Greed Index for Tuesday is 48 Neutral and -3 from yesterday’s reading of 45 Fear. 

Fear and Greed
Fear and Greed index is in neutral zone

BTC’s 24 hour price range is $41,787-$ 44,476 and its 7 day price range is $36,438-$44,425. Bitcoin’s 52 week price range is $40,161-$69,044. 

The price of bitcoin on this date last year was $46,307. 

The average price of BTC for the last 30 days is $40,161. 

Bitcoin’s price [+3.4%] closed its daily candle worth $43,865 and in green figures for twelve of the last sixteen days. 

Ethereum Analysis 

Ether’s price also finished its daily session with further positive momentum on Monday and closed +$83.28.  

The second chart we’re examining today is the ETH/USD 4HR chart below from CLTullmann. Bullish traders have sent Ether’s price back above critical levels at the 0.382 fib [$2,821.06] and the 0.5 fib [$3,124.7]. The next target for bullish traders is the .0618 [$3,428.35] and above that is a secondary target of 0.786 [$3,860.65].

Bearish ETH traders are conversely looking to shift momentum back to their favor and again send back below the $3k level and the 0.382 fib with a target of 0.236 [$2,445.37] eventually. If that level is broken, bearish Ether market participants will likely have the opportunity to send ETH’s price back below the $2k level for the first time since July 21, 2021.

Ethereum Analysis 
Ethereum’s level

Ether’s Moving Averages: 20-Day [$2,868.09], 50-Day [$3,522.66], 100-Day [$3,725.81], 200-Day [$3,256.65], Year to Date [$3,007.44].

ETH’s 24 hour price range is $3,008-$3,190 and its 7 day price range is $2,590-$3,178. Ether’s 52 week price range is $1,351-$4,878. 

The price of ETH on this date in 2021 was $1,751.

The average price of ETH for the last 30 days is $3,269.59.  

Ether’s price [+2.72%] closed its daily candle on Monday worth $3,139.68.

Solana Analysis

The SOL/USD 1D chart below from stikytrading shows bullish Solana market participants again trying to solidify the 0.786 fib level [$110.81] as support after becoming resistance earlier this year. If bullish traders can hold the 78.60% as support their next target overhead is the 61.80% fib level [$142.75].

Bearish traders are looking to again send SOL’s price below the $110 level and attempt to create a lower low not seen since late in 2021 below the 88.60% and the $91 level.

Solana Analysis
Bearish traders are looking to again send SOL’s price below $110 level

Solana’s Moving Averages: 20-Day [$117.37], 50-Day [$154.75], 100-Day [$171.13], 200-Day [$114.40], Year to Date [$125.66].

Solana’s 24 hour price range is $113.55-$121.68 and its 7 day price range is $94.96-$121.68. Solana’s 52 week price range is $7.26-$259.96. 

Solana’s price on this date last year was $7.91.

The average price of SOL over the last 30 days is $118.34. 

Solana’s price [+1.93%] closed its daily session on Monday worth $117.49.

R.L. Bryer
R.L. Bryerhttp://bryer.io
Since 2009, the onset of the bitcoin network, R.L. Bryer has been covering the space. He is the author of Blockchain: Project Renaissance Volume I and II. He's also been the guest of countless bitcoin and cryptocurrency related podcasts throughout the world. Every opportunity, he speaks on or writes about Austrian Economics and how bitcoin is the world's preeminent money.
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