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 have started the week with dominance over bears, as the rates of most of the coins are falling.
BTC/USD
The rate of Bitcoin (BTC) has risen by 2.73% over the last 24 hours.
On the daily chart, the rate of Bitcoin (BTC) has broken the $27,000 mark, which means that buyers have the chance to seize the initiative. However, one should pay attention to the bar closure.
Denys SerhiichukIf it happens with no long wicks, the upward move may continue to the resistance of $28,142 soon.
Bitcoin is trading at $27,300 at press time.
ETH/USD
Ethereum (ETH) is less of a gainer than Bitcoin (BTC), going up by 1.67%.
On the daily time frame of Ethereum (ETH), traders should focus on the interim level of $1,675. If the bar closes near it, traders are likely to see a test of the next resistance level of $1,714 shortly.
Ethereum is trading at $1,658 at press time.
XRP/USD
XRP is not an exception to the rule, growing by 1% since yesterday.
From the technical point of view, XRP is trading similarly to Ethereum (ETH), as the rate is also on the way to test the resistance. If the situation does not change by tomorrow, the breakout of the $0.5115 mark might be a prerequisite for a further rise to the $0.52-$0.53 area.
XRP is trading at $0.5053 at press time.
Vladislav Sopov
Tomiwabold Olajide
Dan Burgin
Alex Dovbnya