Sirwin
Sirwin

WEEKLY PRICE DIGEST: BTC, ETH, BNB, MKR & HB

By SimpleLearn | SimpleLearn | 14 Oct 2022


Throughout the week, the crypto market showed a decline following the American stock indices. By the end of the week, the American stock market began to exit the negative zone, the indices added 3%. At the opening of the Asian trading session, the crypto market followed it with a confident upward movement.

 

BTC

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During the week, BTC showed a downward movement from the resistance level at the price level of $20,422.63. The decrease was by more than 7%. At yesterday's trading session, there was a false breakout of the resistance level at $18,848.22. At the opening of the Asian trading session, the price won back more than 50% of the weekly decline. Including a false exit beyond the support level, the price increased by more than 10%. The coin is currently trading at $19,588.

 

ETH

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During the week, the coin showed a price decrease from the $1,326 price mark by more than 10%. There was also a false breakdown of the support level at $1,262. Further, at the opening of the Asian session, following BTC, Ethereum showed a confident recovery with a 100% recovery of the fall. Price growth was more than 12%. At the moment, the coin is retesting the previously broken resistance level and is at the price level of $1,320.

 

BNB

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As BTC is dominating the crypto market, BNB is currently following its movements. From the price mark of $289, the price of the coin began to decline from the resistance level. The fall was more than 13% and the price mark $256.7, where a support level was formed. Then there was a rebound of 8% to the price mark of $277. The coin is currently trading at $273.8.

 

HT

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During this week, HT showed a powerful upward movement from the $4.09 price mark, breaking the resistance at the $5 price mark and adding 100% in price. At the moment, the coin is trading at the price level of $7.64. As the coin grows, the founder of the Tron project made a statement about the presence of a large share of HT coins in his portfolio.

 

MKR

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The MKR coin continues its upward movement from the $82 price mark during the week. The maximum increase this week was over 40% to the price of $1,171. At the moment, the coin is trading at a price of $919. The coin continues to rise in price against the backdrop of news about the purchase of a 6% stake by a16z venture fund.

 

The content of this post should not be construed as an investment advice. We ask you to do your own research. This text is not a guide to action.

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SimpleLearn
SimpleLearn

A to Z practical crypto education for everyone. Learn to keep, exchange, or buy crypto confidently!


SimpleLearn
SimpleLearn

A to Z practical crypto education for everyone. Learn to keep, exchange, or buy crypto confidently!

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