Main navigation

BTC, ADA, EOS and XTZ Price Analysis for March 7

Advertisement
Sun, 7/03/2021 - 14:24
BTC, ADA, EOS and XTZ Price Analysis for March 7
Cover image via www.tradingview.com

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.

Read U.TODAY on
Google News

Most of the coins have continued their bull run; however, there are also some exceptions to the rule. Cardano (ADA), Binance Coin (BNB) and XRP are under a bearish influence.

Article image
Top 10 coins by CoinMarketCap

The key data for Bitcoin (BTC), Cardano (ADA), Binance Coin (BNB) and Tezos (XTZ):

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin

BTC

$943,009,614,965 $50,857.27 $37,216,842,283 3.85%

Cardano

ADA

$36,065,021,853 $1.13 $5,111,525,780 -0.76%

EOS

EOS

$3,596,351,681 $3.78 $1,604,921,530 1.29%

Tezos

XTZ

$2,995,627,966 $3.96 $320,433,531 -0.27%

BTC/USD

Bitcoin (BTC) is the top gainer today as the rate of the leading crypto has gone up by almost 4%.

Article image
BTC/USD chart by TradingView

Despite the growth, the rise may not have ended yet as Bitcoin (BTC) has gotten out of the consolidation zone.

card

In this case, the nearest target is located around the level of $54,000.

Bitcoin is trading at $50,792 at press time.

ADA/USD

Cardano (ADA) is the complete opposite of Bitcoin (BTC) as its price has dropped by 0.76% since yesterday.

Article image
ADA/USD chart by TradingView

Analyzing the long-term perspective, the rise to the vital level of $1.33 remains the most likely scenario as bulls have confirmed above the $1.12 mark. Thus, the selling trading volume is low, which means that bears are running out of power to keep pushing the price of the altcoin lower.

Cardano is trading at $1.14 at press time.

EOS/USD

EOS is the second-most growing coin today. Its price has risen by 1.29% over the past 24 hours.

Article image
EOS/USD chart by TradingView

EOS is also looking bullish both in the short- and long-term scenario. The first zone at which bears might show resistance is the level of $4.10. However, the coin has gathered enough efforts for its breakout and a move to $4.71.

EOS is trading at $3.78 at press time.

XTZ/USD

The rate of Tezos (XTZ) is unchanged since yesterday. However, it has risen over the last week by 16%.

Article image
XTZ/USD chart by TradingView

Tezos (XTZ) is not an exception to the rule as bulls are about to retest the resistance of $4.29 soon. The bearish scenario will become relevant only if sellers break the support at $3.58 and fix below it.

Tezos is trading at $3.90 at press time.

 

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD