August 22 Crypto Market Review: Bitcoin and Altcoin Daily Analysis

In our August 22 crypto market content, you can find the current numbers of the market and the top 4 cryptocurrency support resistance levels

Important figures regarding August 22 crypto market are as follows:

  • Total Market Value (day opening): $ 358.79 billion
  • Altcoin market cap: $ 144.81 billion
  • Bitcoin domination: 59.56%
  • Total trading volume (24 hr): $ 111.18 billion

According to the price movements of the last 24 hours, the top 10 cryptocurrencies had an average loss of 5 percent. The crypto markets have been bearish this week. According to the crypto market cap, the range of $ 335-340 billion can be mentioned as a critical support area for recovery.

22 August crypto support-resistance levels (top 4)

We have calculated the daily significant levels of the top 4 cryptocurrencies that are ranked according to market cap (excluding tether) and dominate the cryptocurrency market as follows.

BTC/USDT

Bitcoin            
Resistance 3 Resistance 2 Resistance 1 Pivot Support 1 Support 2 Support 3
       12.024,33        11.874,21        11.781,46        11.631,33        11.481,21    11.388,46        11.238,33

Bitcoin had risen as high as $ 12,400 after testing the $ 11,100 range about 10 days ago. The bears taking action from the $ 12,000 levels caused the cryptocurrency to enter a heavy correction period with panic sales. For today, it is extremely important for BTCUSDT to close the day above $ 11,480, otherwise, a new wave of sales could drag Bitcoin to $ 11,000.

ETH/USDT

Ethereum            
Resistance 3 Resistance 2 Resistance 1 Pivot Support 1 Support 2 Support 3
             430,83              418,00              410,08              397,25              384,42          376,50              363,67

The most critical level of the day for ETHUSDT, which fell similarly hard with Bitcoin, is $ 384. Below this level, there could be a decline of $ 360.

XRP/USDT

XRP            
Resistance 3 Resistance 2 Resistance 1 Pivot Support 1 Support 2 Support 3
0,3007 0,2949 0,2913 0,2855 0,2797 0,2761 0,2702

BCH/USDT

Bitcoin Cash            
Resistance 3 Resistance 2 Resistance 1 Pivot Support 1 Support 2 Support 3
             311,46              303,62              298,78              290,94              283,10          278,26              270,42

 

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Disclaimer: The information in the content is not an investment advice. Author and coinalways.com are not responsible for your profit or loss. Every investment involves risks and requires knowledge.

Coin Analistahttps://coinalways.com
Building his career on finance and banking, the veteran analyst decided to devote his experience to cryptocurrencies and forex. Co-founder @ Coin Always.

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