Oct 22, 2024

Bitcoin is showing a bearish bias, with a decline from the recent high of $69,500 Copied Crypto Price Today: The cryptocurrency market on October 22, 2024, showcases mixed trends. Bitcoin, Ethereum, Solana, and other major cryptocurrencies experienced minor declines. However, a few coins like Tron and Aptos saw gains. This detailed analysis explores the performance of top Bitcoin (BTC) The chart of Bitcoin against USDT (Tether) shows a period of consolidation followed by volatility, as reflected by the price fluctuations. Key Points from the Chart: Price Range: The price fluctuated between $66,800 and $69,500. The highest point was around $69,519.52, and the lowest was near $66,840.67, indicating a volatile session. The current price level rests at approximately $67,433. Bollinger Bands: The Bollinger Bands, shown in red, blue, and green lines, signify the volatility of the market. The bands widened during the price spikes, suggesting increased volatility, especially during the sharp rise around $69,500 followed by a quick decline. The price touched the lower band twice, showing periods of overselling around $66,800. The middle band acts as a dynamic support and resistance, with Bitcoin consolidating near this level at the time of analysis. Support and Resistance Levels: The support level appears around $67,000, with Bitcoin bouncing from this region multiple times, as seen from the lows near $67,070 and $67,198. The resistance level is near $67,981, as the price struggled to break past this area, which aligns with the upper Bollinger Band. Volume: The trading volume peaked during sharp movements, especially when the price dropped toward the $66,800 range and during the recovery near $68,500. This suggests active trading during these significant price shifts, potentially reflecting buying interest at the lower levels and selling pressure near the peaks. Overall, is showing a bearish bias, with a decline from the recent high of $69,500. However, the strong support around $67,000 indicates potential stability in the near term. Traders are closely watching if Bitcoin will break below this support or recover towards $68,000. Ethereum (ETH) 7d Change: -0.59% Shiba Inu took a hit with a 3.46% drop in the last 24 hours, trading at $0.0000184. Despite this, the coin only faced a modest 0.59% loss over the week. Shiba Inu’s community-driven nature keeps its trading volumes active, but the price has been struggling to gain momentum. The $0.0000200 resistance remains a psychological level that needs to be broken for Shiba Inu to see further gains. Biggest Gainers Some altcoins managed to show positive momentum despite the overall market decline. The following are the top gainers: Aptos (APT) 24h Change: +8.38% Aptos showed impressive growth with an 8.38% gain over the past 24 hours, pushing its price to $10.90. The coin continues to attract attention for its innovative Meowcoin (MEW) 24h Change: +6.87% Meowcoin had a notable rise of 6.87% in the past day, trading at $0.009078. The altcoin has shown surprising resilience despite its relatively small market capitalization. Investors are watching whether Meowcoin can sustain this momentum. Axelar (AXL) 24h Change: +5.91% Axelar saw a significant 5.91% increase, pushing its price to $0.8927. Axelar is gaining recognition for its focus on cross-chain communication, making it one of the key players in the interoperability space. Uniswap (UNI) 24h Change: +2.27% Uniswap, one of the leading decentralized exchanges, recorded a 2.27% gain, with its price rising to $7.84. Uniswap continues to dominate the DeFi space, attracting both developers and traders to its platform. Tron (TRX) 24h Change: +1.37% Tron saw a gain of 1.37%, trading at $0.158. Tron’s expanding network and focus on decentralized applications have kept it in the spotlight. Tron continues to build its presence in the DeFi sector. Biggest Losers On the flip side, several cryptocurrencies faced steep declines. Here are the biggest losers for the day: Aerodrome Finance (AERO) 24h Change: -6.07% Aerodrome Finance was among the biggest losers, falling 6.07% to $1.20. The DeFi project faced increased selling pressure, dragging its price down. Bittensor (TAO) Hedera (HBAR) 24h Change: -5.85% Hedera suffered a 5.85% decline, trading at $0.05302. Hedera’s unique consensus algorithm has garnered interest, but the current price reflects a challenging period for the coin. Ondo (ONDO) 24h Change: -5.81% Ondo faced a drop of 5.81%, with its price sliding to $0.7732. The DeFi space has been tough on many projects, and Ondo was no exception today. Sui (SUI) 24h Change: -5.74% Sui saw its price fall by 5.74%, settling at $2.01. The coin had been performing well but faced selling pressure, leading to today’s sharp drop. The cryptocurrency market on October 22, 2024, saw both gains and losses, with Bitcoin, Ethereum, and other major cryptocurrencies experiencing minor declines. However, some altcoins, such as Aptos and Axelar, stood out as top gainers. On the other hand, coins like Aerodrome Finance and Bittensor were among the biggest losers. The market remains dynamic, with investors keeping a close watch on support and resistance levels for future movements.