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.
The cryptocurrency market is neither bullish nor bearish today as some coins are trading in the red zone while others are in green.
BTC/USD
Bitcoin (BTC) is going up today, rising by 3.38% over the last 24 hours.
Bitcoin (BTC) is coming back to the $40,000 mark today, confirming bulls' power. However, from the mid-term point of view, the main crypto is not ready yet for the prolonged upward move as the price keeps trading in a wide range between the support at $32,871 and the resistance at $48,234. In this regard, sideways trading is the more likely scenario for the next few days.
Bitcoin is trading at $39,879 at press time.
ADA/USD
Cardano (ADA) has grown the least from the list today, rising by 0.78%.
Cardano (ADA) keeps trading in the sideways range despite today's slight growth. However, if bulls manage to get the rate to the $0.85 mark by the end of the day, the rise may coninue to the zone around $0.90.
ADA is trading at $0.8364 at press time.
BNB/USD
Binance Coin (BNB) is the biggest gainer from the list today, rising by almost 4%.
Binance Coin (BNB) is outperforming most of other coins as it is about to fix above the crucial $400 mark. Thus, the buying trading volume keeps rising, confirming bulls' efforts to come back to mid-term growth. Likewise, there is a high possibility to see a return to the $400-$420 zone shortly.
BNB is trading at $402.4 at press time.
Arman Shirinyan
Tomiwabold Olajide
Dan Burgin
Alex Dovbnya
Vladislav Sopov