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.
The cryptocurrency market keeps going up as all coins from the top 10 list are in the green zone.
BTC/USD
Over the past day, the Bitcoin (BTC) price has consolidated above the four-hour EMA55 in sideways consolidation. Buyers have already tested the resistance of $35,000 for strength several times, but failed to break through to the main lilac level at around $36,000.
One believes that the moving average EMA55 might be able to keep the pair from a deep pullback and in the near future the recovery can continue to the $37,150 level.
Bitcoin is trading at $36,032 at press time.
ETH/USD
The Ethereum (ETH) price set yesterday's daily high at $2,145. Buyers tried to form another bullish impulse last night, but small volumes did not allow the pair to continue its recovery.
Now the price is stuck in a short-term consolidation with support of around $2,060.
One believes that consolidation in a sideways range may continue in the near future, but soon there is a chance to see a breakthrough to the Volume Profile indicator line ($2,330).
Ethereum is trading at $2,195 at press time.
XRP/USD
Yesterday XRP price managed to gain a foothold above the red downtrend line. Buyers pulled the pair out of the declining channel, but so far they cannot continue the recovery towards the orange level of $0.70. The four-hour EMA55 keeps the pair in sideways consolidation.
Currently, trading volumes are quite low, but if the bulls can increase the onslaught, they will break through the level of average prices and continue to rise above the $0.70 mark.
XRP is trading at $0.7181 at press time.
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.
Godfrey Benjamin
Yuri Molchan
Dan Burgin
Vladislav Sopov