Bitcoin price tried to break $60,000, but BTC has been unable to move beyond $ 58,000 and $ 58,500. At 04:24 UTC, BTC is at $57,200. Plus, most major altcoins are gaining steam. ETH is up roughly 3% and has surpassed $ 4,400. XRP has hit $ 1.00 resistance. ADA faces $ 1.60 resistance.
Bitcoin Price on November 30, 2021 in the Cryptocurrency Market
Bitcoin price broke through to $58,000 after closing above $57,000. BTC has even broken through the USD 58,500 barrier level and is currently stabilizing below the USD 58,000 mark. If the price rises above $58,500 again, a surge to $60,000 is possible. The next significant resistance level is at $61,200.
On the other hand, initial support is close to 57,000. The next major support is emerging at about $56,500, below which additional falls are conceivable.
Ethereum Price on November 30, 2021 in the Cryptocurrency Market
The price of Ethereum increased as it broke through the $ 4,400 and $ 4,420 barrier levels. Before reversing gains, ETH even tested the $ 4,500 milestone. If it falls below $ 4,400, it may test the $ 4,350 support.
The first point of resistance on the upward is around $4,500. A big move above $ 4,500 might take the price up to $ 4,650.
Prices for ADA, BNB, SOL, SHIB, and XRP on November 30, 2021 in the cryptocurrency market
Cardano (ADA) is rising, although it is encountering resistance near USD 1.60. The next big resistance level is $1.62, above which a rally is expected. Otherwise, it is possible that it will fall to the USD 1.52 support level.
Binance Coin (BNB) is up over 2% and is approaching $620. The next major stumbling block is near the $632 mark, above which the price may soar. In this situation, the price may increase to $650.
Solana (SOL) is regaining ground above the $200 level. Immediate resistance is approaching $ 212, and a rally to $225 is likely if this level is breached. The bears, on the other hand, may push the market down to USD 192 support.
SHIB started to soar swiftly above the $0.000040 level. It recovered 19% to break $0.0000470 when Kraken stated on November 30th that it would enable SHIB trading.
The price of XRP has broken beyond the $1.00 barrier. The major barrier is sitting at $1.05. Each additional victory can result in a faster pace of growth. The next significant resistance level is at $1.12.
November 30, 2021 Cryptocurrency Market: Another Altcoin Market
Many cryptocurrencies are up more than 8%, including XTZ, STX, SHIB, OMG, HBAR, MATIC, AAVE, ZEN, CAKE, and DOGE, which is up 7%, erasing all weekly losses and surpassing $ 0.22.
Overall, the Bitcoin price is encountering difficulties over the $ 58,000 barrier. If BTC continues to struggle, a bearish reaction to the $ 55,000 mark is possible.
