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.
Bulls could not hold the initiative for long as most of the coins have returned to the green zone.
BTC/USD
Yesterday, buyers were able to continue weak growth, and tonight, the price of Bitcoin (BTC) came close to $45,000. The bears are holding back growth dynamics, not allowing the pair to recover to the February maximum.
This afternoon, after a slight setback, the bulls can try to continue climbing to the resistance at $46,000.
Denys SerhiichukIf sales roll back above average soon, the decline could reach the two-hour EMA55.
Bitcoin is trading at $43,605 at press time.
BNB/USD
The rate of Binance Coin (BNB) has gone down by almost 1% over the last day.
Binance Coin (BNB) has fixed above the vital mark at $400 on the daily chart. If the buying trading volume remains high and the rate does not go below the support level, there is a chance to see continued growth to the area around $450 soon.
BNB is trading at $426 at press time.
ADA/USD
Cardano (ADA) has lost more than BNB with a decline of 2.50%.
Unlike BNB, Cardano (ADA) is neither bullish nor bearish as the rate is located in the middle of the channel between the support at $0.917 and the resistance at $1.209. In this case, one needs to pay close attention to which side is more powerful. If the price comes back to $1.20, there is a possibility to see a bullish trend reversal.
ADA is trading at $1.072 at press time.
AVAX/USD
Avalanche (AVAX) is the only gainer from the list today, rising by 4.85%.
Despite the growth, AVAX is still unable to fix above the level of $100 so far. In this regard, sideways trading in the range of $80-$90 is the more likely scenario for the upcoming days, so bulls could get energy for a continued price rise.
AVAX is trading at $92.64 at press time.
SOL/USD
Solana (SOL) is not an exception to the rule, going down by more than 3% since yesterday.
SOL is trading similarly to Cardano (ADA) as the coin remains trading in a wide range. Respectively, one should not expect any sharp moves soon.
If the price can bounce back to the $99 mark, there is a chance to see a further slight rise within the nearest days.
SOL is trading at $99.22 at press time.
LUNA/USD
LUNA is following the decline of most of other coins, going down by 0.95%.
Despite the fall, the price is closely approaching the resistance level at $61. If the selling volume remains low, buyers might try to break and fix above it to confirm the mid-term bullish trend.
LUNA is trading at $55.72 at press time.
Alex Dovbnya
Vladislav Sopov
Dan Burgin