August 31 Crypto Market Review: Bitcoin and Altcoin Daily Analysis

In our August 31crypto 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 31 are as follows:

*Billion $ Today Change
Total Market Cap* 357,37 2,90%
Altcoin Market Cap* 140,97 4,14%
Bitcoin  Dominance 60,55 -0,77%
Total Volume (24 H)* 94,78 6,02%
** figures are based on the beginning of the day.

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

Coin Market Cap Price Change (24h)
Bitcoin $215.652.435.745 $11.672,30 0,54%
Ethereum $47.547.301.374 $423,00 4,47%
XRP $12.728.771.956 $0,282894 2,32%
Chainlink $5.859.047.212 $16,74 -1,65%

 

August 31 crypto support-resistance levels (top 4) and daily analysis

BTCUSDT

Resistance 3 Resistance 2 Resistance 1 Pivot Support 1 Support 2 Support 3
11.890,33 11.790,63 11.729,04 11.629,33 11.529,63 11.468,04 11.368,33

Bitcoin started by testing the $11,700 level in the new week. It then declined to the $11,600 band with a slight decrease in Asian trading hours. It is important to stay above $11,630 for the uptrend to continue. If BTCUSDT closes hourly above the $11,530 level today, the decline may accelerate.

ETHUSDT

Resistance 3 Resistance 2 Resistance 1 Pivot Support 1 Support 2 Support 3
450,63 438,57 431,11 419,04 406,98 399,52 387,45

Ethereum (ETH) is in a pullback after 3 days of uptrend today. $420 is a critical support level for ETHUSDT. If ETH can stay above $420 in today’s trade, a move towards $450 could begin.

XRPUSDT

Resistance 3 Resistance 2 Resistance 1 Pivot Support 1 Support 2 Support 3
0,2896 0,2860 0,2839 0,2803 0,2768 0,2746 0,2711

XRP started the day at 28 cents. However, XRP, which started the week with sales, dropped to 0,2768 support in the morning. In order for XRP not to lose value, it needs a day close above 28 cents.

LINKUSDT

Resistance 3 Resistance 2 Resistance 1 Pivot Support 1 Support 2 Support 3
18,08 17,61 17,32 16,86 16,39 16,10 15,64

Chainlink (LINK) continues to be more volatile than high-cap cryptocurrencies. The LINK token fell sharply with sales coming under $17 at the start of the week, falling to the 2nd support level at $16,10. Below this level, there is an important support price at $15,64.

On the other hand, Chainlink has to close the day above $16,40 for the continuation of the medium-term increase.

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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