Monday Market Watch: the Slide Won’t stop

Last edited: Nov 23, 2021

In the weekly recap yesterday, we touched on the fact that the entire crypto market was on a downward skid for the past week. The trend doesn’t seem to be changing for the start of this week, as we witness the market continue its slide on Monday. Here is a quick recap of the price movements of the major coins in the past 24 hours as investors anticipate a good price to perhaps buy some coins with upside on a discount.

ETH: $4,075.99 (-3.72% last 24 hours)

ETH continues the slide from last week, dropping to near the price floor of $4,000 before recovering slightly. The support for the 4k price floor seems to be quite strong, and thus if ETH does dip near the 4k mark or below, it could be a perfectly reasonable price for investors to purchase some ETH contracts on a discount compared to its prices from last week or two weeks ago.

ETH price chart over the last 24 hours (15 minute intervals)

DOT: $39.63 (-2.85% last 24 hours)

DOT could not recover from last week’s losses either, as it dropped below the $40 mark that it managed to climb back earlier last Sunday. DOT sees strong support for the $40 price mark, though, so investors could see this as a possible window of entry.

DOT price chart over the last 24 hours (15 minute intervals)

DOGE: 0.22062 (-3.98% over last 24 hours)

DOGE has been the wonderchild of all “meme coins,” capturing the essence of crypto’s volatile and speculative nature perfectly in its price swings. Since getting to around $0.25, though, DOGE has struggled to rally further. It has now dropped to the $0.22 mark and is very close to dipping below that point.

DOGE price chart over the last 24 hours (15 minute intervals)

Price movements for other instruments trading on BTCC over the last 24 hours:

BTC: $57,149.9 (-0.8%)

ADA: $1.8 (+0.16%)

XRP: $1.06 (1.38%)

LTC: $211.93 (-1.92%)

UNI: $21.47 (+2.1%)

BCH: $563.35 (-0.01%)

XLM: $0.3363 (-1.5%)

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