Sirwin
Sirwin

WEEKLY PRICE DIGEST: BTC, ETH, DOGE, ATOM & THETA

By SimpleLearn | SimpleLearn | 31 Oct 2022


Last week the crypto market pleased us with beautiful green candlesticks thanks to the rise of Bitcoin. At the end of the week, the market headed for a correction. If we turn to the recent history of Bitcoin price movements, a pattern is striking. After each exit from the sideways trend or good growth, the price goes into a fairly serious rollback.

 

BTC

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During the week, BTC showed a confident upward movement from the price mark of $18,666 to $21,011, which is a more than 11% growth. The beginning of the upward movement was a rebound from a strong support level at $18,848. It was followed by a breakdown of the resistance level at $20,451, which subsequently failed to hold a retest. The coin is currently trading at the price level of $20,158.

 

ETH

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ETH repeated the movements of Bitcoin and also showed a confident upward movement from the price mark of $1,252 to $1,595. The increase was more than 26%. As in the case of BTC, the growth began from a strong support level formed at $1,262 and then proceeded upwards with a breakdown of the resistance level at $1,510. At the moment, the coin is on a correction of 7% and is trading at a price of $1,500.

 

DOGE

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Doge showed a blistering growth by more than 48%. The upward movement started from the support level at $0,05774. Near this level, the price consolidated for several months to the price mark of $0,08565 with the breakdown of the resistance level at the price mark of $0,05774. This was followed by a correction of more than 14%. At the moment, the price is showing a strong upward move and is trading at $0,08193.

 

ATOM

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ATOM has been growing slower this week. The upward movement started at $10,925 and continued to $13,844 with the breakdown of two resistance levels at $11,876 and $12,717. The resistance level at $12,717 held up after the retest and is now acting as a support level. At the moment, the coin is on a slight correction and is trading at a price point of $13,117.

 

THETA

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THETA followed the movement of BTC throughout the week and showed a good increase from the price mark of $0,943 to $1,151, which is more than 22%. During its growth, the price broke through 2 resistance levels at $1,010 and $1,059. At the moment, the price is retesting the resistance level at $1,151.

 

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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