The cryptocurrency market continues to perform well in the last trading days of August 2021, Bitcoin has stabilized above the support of $ 48,000, and this situation also supports the price of Solana SOL / USD, Cosmos ATOM / USD and Litecoin LTC / USD. The cryptocurrency market continues to attract large investors, and according to the latest news, Coinbase will invest $ 500 million in Bitcoin, Ethereum, and other crypto assets.
Morgan Stanley also recently announced that its mutual funds have acquired more than 6.5 million shares in Grayscale Bitcoin Trust (GBTC), while other positive news is that Allied Market Research reported that the global cryptocurrency market would reach $ 4.94 billion by 2030.
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Florian Grummes, managing director of investment advisory firm Midas Touch Consulting, said he believes that the price of Bitcoin will increase to $ 100,000 in the near future. Solana, Cosmos (ATOM) and Litecoin could be some of the best in September if this positive trend continues.
“The latest cryptocurrency swings are a sign that Bitcoin miners are back in business after a recent Chinese crackdown. At the same time, there is continuing evidence of more widespread acceptance, and corporations should consider adding Bitcoin to their balance sheets, ”said Superstar investment manager Cathie. Wood.
Solana (SOL) could advance above the $ 100 resistance as the positive trend continues
Solana has had one of the best results this August and there are no signs of a positive trend reversal for now. Solana could move further into the ongoing bull market, and if the price jumps above the $ 100 resistance, the next price target could be around $ 110 or even higher.
Data source: tradingview.com
On the other hand, if the price falls below $ 80, it would be a firm “sell” signal, and we have our way open to the $ 60 support level.
Cosmos (ATOM) could stabilize above the $ 30 resistance again
The price of Cosmos (ATOM) has risen from $ 12.6 above $ 24 since early August 2021, and the current price is around $ 21.
Data source: tradingview.com
If the price rises above $ 26, it would be a signal to trade ATOM, and the next price target could be around $ 30. On the other hand, if the price falls below the support of $ 18, it would be a strong “sell” signal that we have the way open towards $ 16 or even $ 15.
Litecoin (LTC) continues to trade above $ 170
The price of Litecoin has risen from $ 144 above $ 190 since the beginning of August 2021, and the current price is around $ 174.
Data source: tradingview.com
If the price rises above $ 190 again, it would be a signal to trade Litecoin, and the next price target could be around $ 200. The critical support level is around $ 160, and if the price breaks it, it would be a strong sell signal.
Summary
August has been a very positive month for the crypto market so far, Bitcoin has stabilized above the support of $ 48,000, and this situation also supports the price of Solana (SOL), Cosmos (ATOM) and Litecoin (LTC). The cryptocurrency market continues to attract large investors, and according to the latest news, Coinbase will invest $ 500 million in Bitcoin, Ethereum, and other crypto assets.
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