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Reading: Expect Increased Volatility in Major Cryptocurrencies: Key Levels to Watch
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Latest cryptocurrency news > Cryptocurrency > Expect Increased Volatility in Major Cryptocurrencies: Key Levels to Watch
Cryptocurrency

Expect Increased Volatility in Major Cryptocurrencies: Key Levels to Watch

BH NEWS
Last updated: 9 December 2023 02:03
BH NEWS 3 years ago
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In the coming days, an increase in fluctuations in cryptocurrency values is expected. Especially major cryptocurrencies such as Bitcoin, Ethereum, and Solana may make significant moves. Investors should pay attention to important price regions against rising volatility.

Due to technical details, Bitcoin’s price rose to the level of $44,700 and is predicted to surpass its all-time high with the expected political events and legal changes following the US presidential election. After experiencing a drop from the $44,500 level, Bitcoin may regain this region, and if the closures continue above this level, the course will be set.

Ethereum’s price is currently finding buyers at the $2,370 level, and the outlook is positive. Unless there is a significant sell-off, the technical target appears to be $3,400. Demand in resistance areas will be decisive on the path to this target.

Solana has risen above the 52-week high of $68.20, and this surge has brought vitality to tokens in the Solana network (particularly SOL Coin). In the current environment of high-risk appetite, surpassing the targets of $78 and $100 would not be surprising.

Investors have been advised that they need to trade according to their own research, being aware that cryptocurrencies carry high volatility and consequently risk.

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