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The weekend has begun with the continued growth of the market as all of the top 10 coins remain in the green zone.
BTC/USD
The rate of Bitcoin (BTC) keeps growing, coming closer to the peak around $64,000. It has risen by 2.70% over the past 24 hours.
After the touch of the $64,000 mark, Bitcoin (BTC) is facing a short-term correction. Such a move might be considered a drop before the attack of the all-time high.
In this case, the more likely price action is the retest of the liquidity zone around $58,000, followed by a fast bounceback to $60,000.
Bitcoin is trading at $60,839 at press time.
ADA/USD
Cardano (ADA) is the biggest gainer today with a price rise of 2.54%.
Despite the share growth, Cardano (ADA) is still located in the accumulation zone as it could not show a fast rise after a retest of the $1.90 level. The low trading activity is also confirmed by a trading volume that is not rising. Thus, consolidation in the zone of $2.20-$2.30 may occur next week.
ADA is trading at $2.20 at press time.
BNB/USD
Binance Coin (BNB) is not an exception to the rule as the rise of the native exchange coin has constituted 10.82% over the past week.
On the daily chart, Binance Coin (BNB) is coming closer to the resistance at $509.7. The trading volume is increasing, which means that bulls are getting ready for a breakout. If they manage to fix above the resistance, the rise may continue to $550 and above.
BNB is trading at $466.60 at press time.
Tomiwabold Olajide
Dan Burgin
Alex Dovbnya
Vladislav Sopov