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.
After a few days of growth, the market has entered a neutral mood as some coins remain in the green zone, while the prices of others have started to fall.
BTC/USD
The price of Bitcoin (BTC) has increased by 0.25% over the last 24 hours.
The price of Bitcoin (BTC) has made a false breakout of the resistance at $25,270. Until the rate is below that mark, there there is a low chance of seeing mid-term growth. From the technical point of view, bulls need more time to accumulate power for a further rise
Denys SerhiichukIn this case, sideways trading in the area of $24,000-$25,000 is the more likely scenario for the next few days.
Bitcoin is trading at $24,723 at press time.
ETH/USD
Ethereum (ETH) has outperformed (BTC), going up by 0.52%.
Ethereum (ETH) has failed to fix above the $1,700 zone from the first attempts which means that one can expect a correction. If the daily candle closes near the $1,650 mark, there is a possibility to see the ongoing drop to $1,600 shortly.
Ethereum is trading at $1,645 at press time.
XRP/USD
The price of XRP has increased by 0.34% over the last day.
On the daily chart, the price of XRP is coming back to the support level at $0.3546 after the false breakout of the $0.37 level. If the decline continues, traders may see XRP in the zone of $0.34-$0.35 in the second part of March.
XRP is trading at $0.3616 at press time.
Yuri Molchan
Arman Shirinyan
Dan Burgin
Alex Dovbnya