empty
26.08.2021 01:55 AM
Are there any altcoins that can show growth, even if Bitcoin falls?

This image is no longer relevant

Bitcoin still does not manage to break through a very important level of $ 50,000, consolidate, and continue its upward trend. Now, the question arises: which altcoins can grow even if Bitcoin continues to fall and lose its positions?

Neither bears nor bulls are currently the dominant forces in the crypto market – some coins have returned to the red zone, while other coins still remain in the green zone. Yesterday, Bitcoin tested the level of $ 50,500, thereby showing its new summer record.

It was possible to observe that a temporary optimism began on the crypto market, sales volumes became much higher than the average level, and the price slowly began to decline.

One can pay attention to ripple. If the news on the market continues to remain positive or at least neutral and there are no negative calls from different countries, then the price of this altcoin may return to a new August high of about $ 1.4.

Currently, Ripple is trading at $ 1.16. It was seen yesterday that institutional investors worked very hard to break through the resistance level of $ 1.3, but the price failed to test this level and consolidate. By the evening, the price of Ripple returned to the support level of $ 1.2.

Binance Coin could also continue the upward trend even if Bitcoin undergoes a downward movement. Binance Coin failed to consolidate at the $ 500 level and resulted in a false breakout. Now, Binance is trading at $ 483.

The most important thing for the bulls is not to give the bears the leadership so that they do not consolidate below this price, since a rebound and a decline will occur up to the level of $ 455. However, according to analysts' forecasts, the altcoin has everything necessary to test the $ 500 level again.

Vitaly Kolesnikov,
InstaForex के विश्लेषणात्मक विशेषज्ञ
© 2007-2025
समय सीमा चुनें
5
मिनट
15
मिनट
30
मिनट
1
घंटा
4
घंटे
1
दिन
1
सप्ताह
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    कॉन्टेस्ट में हिस्सा लें

अनुशंसित लेख

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.