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The rates of most of the coins have blasted, according to the CoinMarketCap ranking.
Top coins by CoinMarketCap
BTC/USD
The rate of Bitcoin (BTC) has increased by 2.23% over the last 24 hours.
Image by TradingView
On the daily chart, the price of BTC is trading near the resistance at $31,500. If the bar closes near it or even above it, the accumulated energy might be enough for a breakout, followed by a blast to the $32,000 zone and above.
Bitcoin is trading at $31,261 at press time.
ADA/USD
Cardano (ADA) is one of the biggest gainers today, rising by 20%.
Image by TradingView
On the daily time frame, the rate of Cardano (ADA) has made a false breakout of yesterday's peak at $0.3673. If the closure happens far from that mark, traders may witness a correction to the $0.32-$0.34 area soon.
ADA is trading at $0.3478 at press time.
TRX/USD
The price of TRX has risen by 5% since yesterday.
Image by TradingView
Yesterday's candle confirmed the buyers' pressure as it closed above the zone of $0.08. If buyers hold the initiative, the upward move will continue to the nearest resistance level at $0.08580.
TRX is trading at $0.08209 at press time.
MATIC/USD
MATIC is not an exception to the rule, rising by 11%.
Image by TradingView
From the technical point of view, the rate of MATIC might face a local correction as the altcoin needs to get more energy for further growth.
Denys SerhiichukIn this regard, traders are likely to see a drop to the $0.80 area within the next few days.
MATIC is trading at $0.8459 at press time.
LTC/USD
Litecoin (LTC) is one of the smallest gainers with growth of 1.65%.
Image by TradingView
Despite yesterday's rise, the rate of Litecoin (LTC) has not accumulated enough energy for midterm growth. The low volume confirms such a statement. Respectively, ongoing consolidation in the range of $95-$105 is the more likely scenario.
LTC is trading at $101 at press time.
SOL/USD
The rate of Solana (SOL) has blasted by 26% over the last 24 hours.
Image by TradingView
On the daily chart, the rate of SOL has fixed above the resistance at $26.80. If bulls hold the price above that mark, the growth may lead to the test of the $35-$40 zone by the end of the month.
SOL is trading at $28.31 at press time.
Alex Dovbnya
Vladislav Sopov
Dan Burgin
U.Today Editorial Team