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 could not keep coins in the bullish zone for long as all of the top cryptocurrencies are red again.
BTC/USD
Bitcoin (BTC) has fallen the least from the list today, going down by 5% since yesterday.
Despite today's fall, Bitcoin (BTC) has not even touched the support level at $18,271, which means that bulls are not ready to give up. If the bounceback continues to the middle of the channel at $19,500, there are chances to see the test of the upper level at $20,415 soon.
Bitcoin is trading at $19,112 at press time.
ETH/USD
Ethereum (ETH) has followed the drop of Bitcoin (BTC), losing 5.49% of its price share.
From the technical point of view, Ethereum (ETH) is trading similarly to Bitcoin (BTC) as the price keeps trading in the middle of a wide range. If buyers want to return to the game, they need to restore the price to the $1,400 zone.
Denys SerhiichukOnly in that case can one expect a further midterm bull run.
Ethereum is trading at $1,305 at press time.
XRP/USD
XRP is the main loser today, going down by almost 10% since yesterday.
On the daily chart, XRP has entered the bearish zone as the price has broken the support level at $0.44. Until the rate is below it, bears are more powerful than bulls. If nothing happens by the end of the day, the drop may continue to the test of the $0.40 area soon.
XRP is trading at $0.4282 at press time.
Arman Shirinyan
Yuri Molchan
Vladislav Sopov
Dan Burgin