August 29 Crypto Market Review: Bitcoin and Altcoin Daily Analysis

In our August 29 crypto market content, you can find the current numbers of the market and the top 4 cryptocurrency support resistance levels

The current figures of the crypto money market on August 29 are as follows:

Coin Market Cap Price Change (24h)
Bitcoin $213.018.602.451 $11.530,81 1,02%
Ethereum $44.776.769.344 $398,45 2,50%
XRP $12.180.794.107 $0,270715 1,62%
Chainlink $5.438.161.842 $15,54 5,31%

The price movements of the first 4 cryptocurrencies (excluding Tether) that dominate the crypto market in the last 24 hours are as follows:

*Billion $ Today Change
Total Market Cap* 346,96 2,21%
Altcoin Market Cap* 133,8 2,83%
Bitcoin  Dominance 61,44 -0,37%
Total Volume (24 H)* 80,44 -18,01%
** figures are based on the beginning of the day.

 

August 29 crypto support-resistance levels (top 4) and daily analysis

BTCUSDT

Resistance 3 Resistance 2 Resistance 1 Pivot Support 1 Support 2 Support 3
       11.631,53        11.529,67        11.466,74        11.364,88        11.263,02    11.200,09        11.098,23

Bitcoin started the new day by testing the pivot level. The daily pivot price is at $11,450. And BTCUSDT is moving forward with positive momentum over the weekend. Today $ 11,550 can be traced as a major resistance. If this level is broken, there could be a move towards $11,700. If sales increase, the $ 11,400-50 range will serve as important support.

ETHUSDT

Resistance 3 Resistance 2 Resistance 1 Pivot Support 1 Support 2 Support 3
             409,20              402,23              397,92              390,95              383,98          379,67              372,70

Ethereum (ETH) climbed above $ 400 with the support it found at $ 392. For Ether, $ 402 is significant resistance. ETHUSDT could retest $ 410 above this level. In the lower region, $ 390 continues to be an important support price.

XRPUSDT

Resistance 3 Resistance 2 Resistance 1 Pivot Support 1 Support 2 Support 3
0,2809 0,2763 0,2735 0,2689 0,2643 0,2615 0,2569

XRP is also moving in the positive zone today. Altcoin, which saw a bottom with 25 cents last week, continues to rise. On the way to the bullish $ 0.2763 could be a critical resistance level and a rise towards 30 cents if it is broken.

LINKUSDT

Resistance 3

Resistance 2 Resistance 1 Pivot Support 1 Support 2 Support 3
                16,10                 15,67                 15,40                 14,97                 14,54            14,27                 13,84

The LINK token started the day bullish and tested the $ 16 level midday. If the highly volatile Chainlink (LINK) can stay above the $ 15.67 price today, it is likely to switch to the $ 16 band. In case of hourly closes below the $ 15 support, the short-term uptrend could be disrupted.

Read the latest news, follow the analysis and enjoy the crypto.

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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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