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 are trying to hold the gained initiative, according to CoinStats.
Bitcoin (BTC) is one of the biggest gainers today, rising by 4.22%.
On the daily chart, the price of Bitcoin (BTC) has almost touched the resistance level of $28,757. Currently, traders should pay attention to that mark as it plays a huge role in terms of a possible midterm rise. If the bar closes near that rate, one can expect a quicker test of the $30,000 zone.
Bitcoin is trading at $28,277 at press time.
Ethereum (ETH) is less of a gainer, going up by 1.82%.
On the daily time frame, the rate of Ethereum (ETH) has once again failed to fix above the $1,744 level. If today's bar closes in the red zone, there is a possibility of seeing a local correction.
All in all, the decline may lead to the test of the $1,675 area.
Ethereum is trading at $1,713 at press time.
XRP is the least gainer today, rising by 0.77%.
From the technical point of view, the rate of XRP does not have enough effort for a sharp move yet. However, if the rate remains above the $0.50 zone, the growth may continue to the nearest resistance level of $0.5578. Such a scenario is relevant until mid-October.
XRP is trading at $0.5230 at press time.