Advertisement
AD

Main navigation

BTC, ETH and SOL Price Analysis for February 8

Advertisement
Tue, 8/02/2022 - 15:43
BTC, ETH and SOL Price Analysis for February 8
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

After a few days of growth, bulls have faced obstacles on their way up as most of the coins have returned to the red zone.

Advertisement
Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) is almost unchanged since yesterday, with growth of only 0.44%.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

On the daily chart, Bitcoin (BTC) made a false breakout of the resistance level at $45,478. At the moment, buyers are out of energy to keep the rise going.

Related
BTC, ETH, XRP, ADA and BNB Price Analysis for February 7

In this case, if the decline continues, there is a chance to see the test of the recently formed mirror level at $39,573.

Bitcoin is trading at $43,098 at press time.

ETH/USD

The rate of Ethereum (ETH) has gone down by 1.57% over the last 24 hours.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

Despite the fall, the leading altcoin remains trading above the support level at $3,034. Until bulls can hold the vital mark of $3,000, one may expect continued growth to the area of $3,500.

Related
BTC, ETH, XRP, ADA and BNB Price Analysis for February 5

In case bears keep the pressure and the price goes below $3,000, the drop may lead the rate of ETH to $2,815.

Ethereum is trading at $3,056 at press time.

SOL/USD

Solana (SOL) is the biggest loser from the list today with a decrease of 7.71%.

SOL/USD chart by TradingView
SOL/USD chart by TradingView

At the moment, neither bulls nor bears are dominating as the price is stuck in the channel between the support at $87.73 and the resistance at $130.11. If buyers can come close to $120 and fix above it, there is a chance to see a breakout of the $130 mark soon.

SOL is trading at $111.53 at press time.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles