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

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

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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.

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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%.

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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.

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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.

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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.

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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%.

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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.

 

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