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.
Buyers have seized the initiative at the beginning of the week, according to CoinStats.
BTC/USD
The price of Bitcoin (BTC) has risen by 4.74% since yesterday.
On the daily time frame, the rate of Bitcoin (BTC) has made a false breakout of the resistance level of $29,659. If the bar closes far from it, there is a high chance of seeing ongoing sideways trading in the area of $27,000-$28,000.
Bitcoin is trading at $28,143 at press time.
ETH/USD
Ethereum (ETH) is less of a gainer than Bitcoin (BTC), going up by 2.15%.
On the daily chart, the rate of ETH has once again bounced off the area of $1,640. At the moment, one should focus on the vital zone of $1,600.
Denys SerhiichukIf the bar closes below it, one can expect a correction to the support of $1,531.
Ethereum is trading at $1,528 at press time.
XRP/USD
XRP is not an exception to the rule, rising by 2.16%.
The rate of XRP has made a false breakout of the $0.51 zone, which means the price is not ready yet for midterm growth. If buyers want to seize the initiative, they need to restore the rate to the $0.54-$0.55 area.
XRP is trading at $0.4946 at press time.
Alex Dovbnya
Dan Burgin