Crypto Market Summary: Aug 23 – 29
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Last Week Recap
Our team’s view on ALICE was spot on last week. ALICE experienced one of the best rally among the other cryptocurrencies. And yes, SOL and ADA continue their blistering runs. For those who long ADA, a huge congratulations.
For this coming week:
- As the pre-alpha release of ALICE is getting closer (Aug 31st), we should see the current rally resume this week after a profit taking phase. It seems after ALICE’s run to $18, a near term support of $15 maybe established. A breakout above $18 should see ALICE touching the $20 key resistance level.
- BTC continues into strength with strong support and accumulation.
- With Binance.US poised to go the regulated route much faster than other Binance units, we should see good price action for BNB.
- We continue to like ALICE, SOL, ADA, ETH.
Crypto is high risk. Trade with what you can afford to lose.
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