Sirwin
Sirwin

WEEKLY PRICE DIGEST: BTC, ETH, CSPR, EGLD & AAVE

By SimpleLearn | SimpleLearn | 21 Oct 2022


 

Another boring week for the crypto market has passed. Prices for most assets continue to slide down and renew their lows, while interest in BTC has fallen to 2020 levels according to Google Trend.

BTC

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During the week, Bitcoin continues to consolidate near the support level at $18,848. There was an attempt to go below the level, but buyers confidently kept the price in the consolidation zone. Bitcoin is сurrently trading at the price level of $18,927 and is consolidating near the sloping level, which has been tested several times.

 

ETH

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ETH formed a strong resistance level at $1,342 during the week. The price approached it twice, but both times fought back and fell by more than 5%, after which it tested the support level at $1,262. At the moment, there was a false breakdown of the support level and recovery attempt. The coin is currently trading at $1,260.

 

EGLD

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This week, the coin retested the resistance level at $59.53, which formed after a 20% rise in the asset on increased volumes at the beginning of the month. You can't help but notice the decrease in the activity of sellers. The coin is currently trading at $55.59.

 

AAVE

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During the week, AAVE looks much stronger than most assets and shows a good upward movement from the price point of $64.7 to $85.8, which is more than 30%. At the moment, the coin is on a correction, which amounted to 9%, and is trading at a price mark of $80.5.

 

CSPR

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During the week, CSPR was quite active. It made a confident upward movement with a breakdown of the resistance level at $0.0376 and growth to $0.0547, which is more than 44%. This was followed by a correction to the price mark of $0.0403, which amounted to 27% of the price. The coin is currently trading at the price level of $0.0448.

 

The content of this post should not be construed as 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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