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While the price of LUNC increases, Bitcoin and Ethereum struggle

The price of bitcoin reverted lower after failing once more to gather momentum for a move above the USD 20,500 resistance. It is down nearly 2% in a day and 6% in a week as of right now (03:52 UTC) and is consolidating near USD 20,100.

The majority of significant cryptocurrencies are likewise trending downward. ETH failed to hold a price over USD 1,600 and plummeted. Near the USD 0.32 support, XRP is trapped. After failing to clear the USD 0.465 level, ADA corrected downward.

Ethereum Price 

The Ethereum price made an effort to go decisively above the USD 1,620 barrier level. ETH, however, was unable to advance further upward near the USD 1,650 resistance region. The price saw a downward adjustment and tested the USD 1,550 level. ETH has decreased by 3% in one day and 6% in one week. The bears might continue to trade at the USD 1,600 and USD 1,620 levels if there is a new advance.

On the downside, temporary support is currently located close to the $1,550 mark. Below USD 1,500, the price may test the USD 1,420 support, which is the next significant level of support.

LUNC Leads Today’s Market For Alternative Cryptocurrencies

DOT, SHIB, TRX, AVAX, UNI, ETC, ATOM, ALGO, VET, ICP, FIL, and APE are just a few of the cryptocurrencies that are falling in price. LUNC, on the other hand, increased by more than 40% and exceeded the 0.00022000 mark, making it the greatest performer among cryptocurrencies. In a week, it has increased by over 100%.

Overall, the price of bitcoin is having trouble breaking through the USD 20,500 barrier area. BTC may move to approach the crucial USD 19,500 support if it settles below the USD 20,000 level.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.