The crypto market has been quite volatile over the past two weeks and most cryptocurrencies have struggled to stay in the green.
Bitcoin, for example, is struggling to overcome $49,500 and rise above $50,000. It has reached $50,000 several times in the last two weeks, but has subsequently been pulled back to below $49,000.
Ethereum, on the other hand, is also struggling to get above $4,000. It is currently trading between $3,700 and $3,900
Bitcoin Price Levels to Watch
Currently, Bitcoin (BTC) is trading at $ 49,138.41, while it is once again trying to overcome the resistance level at $ 49,500. This is a level that has proven to be quite difficult to break.
The last time he tried to break above the resistance mark, he broke off above the support levels at $ 49,000, $ 48,000 and $ 47,500.
Ethereum Price Levels to Watch
Currently, Ethereum is trading at $ 3,994.48; $ 6 below the first resistance level at $ 4,000 and just under $ 74 above the support level at $ 3,920.
If it manages to get above the $4,000, it could try to break through the small resistance at $4,080 before entering a long-term uptrend. However, if the value falls below the $4,000 mark, it could move back towards $3,700.
Altcoins
Most major altcoins also struggled to gain traction.
For example, XRP is testing the $1 barrier.
However, in contrast to the general crypto outlook, several altcoins have experienced extreme bull runs. Terra (LUNA), for example, is in a race for new all-time highs every day.
Others like UNI, MATIC and NEAR are recovering after minor setbacks. Uniswap (UNI), for example, is trading at $17.71 today after recording an increase of 13.71%. Polygon (MATIC) has also increased in the last seven days, recording an increase of 21.17% in 7 days.
NEAR Protocol (NEAR) is another altcoin that is on the rise, especially this week. It has gained 14.06% in the last 24 hours and about 33% in the last seven days.
Other altcoins that have taken a significant upswing today are Dogelon Mars (ELON), Gala (GALA), Livepeer (LPT), The Sandbox (SAND), Fantom (FTM), Oasis Network (ROSE) and Aave (AAVE).