Price analysis 1/17: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, AVAX, LINK, XLM

Biz.id Welcome to my blog full of the latest information. In This Edition let's review the currently popular crypto news. Article Reviews About crypto news Price analysis 117 BTC ETH XRP BNB SOL DOGE ADA AVAX LINK XLM continue reading the explanation until the end.

Bitcoin (BTC) Price Analysis:

Bitcoin (BTC) has been trading sideways for the past few days, consolidating between $22,000 and $23,000. The largest cryptocurrency by market capitalization is currently facing resistance at the $23,000 level, and a break above this level could lead to a rally towards $25,000. However, if BTC fails to break above $23,000, it could fall back to support at $22,000.

Ethereum (ETH) Price Analysis:

Ethereum (ETH) has also been trading sideways for the past few days, consolidating between $1,500 and $1,600. The second-largest cryptocurrency by market capitalization is currently facing resistance at the $1,600 level, and a break above this level could lead to a rally towards $1,750. However, if ETH fails to break above $1,600, it could fall back to support at $1,500.

XRP Price Analysis:

XRP has been one of the best-performing cryptocurrencies in recent weeks, rallying from $0.30 to $0.40. The third-largest cryptocurrency by market capitalization is currently facing resistance at the $0.40 level, and a break above this level could lead to a rally towards $0.50. However, if XRP fails to break above $0.40, it could fall back to support at $0.35.

BNB Price Analysis:

BNB has been trading sideways for the past few days, consolidating between $280 and $300. The fourth-largest cryptocurrency by market capitalization is currently facing resistance at the $300 level, and a break above this level could lead to a rally towards $320. However, if BNB fails to break above $300, it could fall back to support at $280.

Solana (SOL) Price Analysis:

Solana (SOL) has been one of the worst-performing cryptocurrencies in recent weeks, falling from $25 to $15. The fifth-largest cryptocurrency by market capitalization is currently facing support at the $15 level, and a break below this level could lead to a further decline towards $10. However, if SOL manages to hold above $15, it could rebound towards $20.

Dogecoin (DOGE) Price Analysis:

Dogecoin (DOGE) has been trading sideways for the past few days, consolidating between $0.08 and $0.09. The eighth-largest cryptocurrency by market capitalization is currently facing resistance at the $0.09 level, and a break above this level could lead to a rally towards $0.10. However, if DOGE fails to break above $0.09, it could fall back to support at $0.08.

Cardano (ADA) Price Analysis:

Cardano (ADA) has been trading sideways for the past few days, consolidating between $0.35 and $0.40. The ninth-largest cryptocurrency by market capitalization is currently facing resistance at the $0.40 level, and a break above this level could lead to a rally towards $0.45. However, if ADA fails to break above $0.40, it could fall back to support at $0.35.

Avalanche (AVAX) Price Analysis:

Avalanche (AVAX) has been one of the best-performing cryptocurrencies in recent weeks, rallying from $15 to $20. The tenth-largest cryptocurrency by market capitalization is currently facing resistance at the $20 level, and a break above this level could lead to a rally towards $25. However, if AVAX fails to break above $20, it could fall back to support at $15.

Chainlink (LINK) Price Analysis:

Chainlink (LINK) has been trading sideways for the past few days, consolidating between $7 and $8. The eleventh-largest cryptocurrency by market capitalization is currently facing resistance at the $8 level, and a break above this level could lead to a rally towards $9. However, if LINK fails to break above $8, it could fall back to support at $7.

Stellar (XLM) Price Analysis:

Stellar (XLM) has been trading sideways for the past few days, consolidating between $0.10 and $0.11. The twelfth-largest cryptocurrency by market capitalization is currently facing resistance at the $0.11 level, and a break above this level could lead to a rally towards $0.12. However, if XLM fails to break above $0.11, it could fall back to support at $0.10.

That is the end of the discussion of price analysis 117 btc eth xrp bnb sol doge ada avax link xlm that I have presented in crypto news Don't forget to continue learning and developing yourself stay productive and take good care of yourself. Share it with friends who need it. See you in the next article