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The weekend has begun with the ongoing growth of the cryptocurrency; however, not all coins could follow the rise. The recent gainer, Cardano (ADA), has declined by 1.22%.
BTC/USD
After a sharp rise, the rate of Bitcoin (BTC) has declined by almost 1% over the last 24 hours.
On the daily chart, the chief crypto made a false breakout of the recently formed level at $50,562. However, bulls are not giving up and are trying to fix above it.
If they manage to do it, there is a high chance of getting to the next vital level at $53,500 where bears can again seize the initiative.
Bitcoin is trading at $50,279 at press time.
ETH/USD
Ethereum (ETH) is the biggest loser from the list today as its price dropped by 1.19% since yesterday.
Ethereum (ETH) tested the vital $4,000 mark; however, it could not fix above the mark. Even though bulls keep dominating over bears, a slight decline may occur to gain more liquidity for a further rise. In this case, sideways trading in a range between $3,800 and $3,900 is the more likely price action for the upcoming days.
Ethereum is trading at $3,908 at press time.
XRP/USD
XRP also could not keep the rise and has gone down by 0.60%.
Despite the decline, XRP is getting closer to the top of the channel against the increasing trading volume. If bulls can break the resistance and fix above it, the next level of $1.50 can be attained within the next few days.
XRP is trading at $1.27 at press time.
Alex Dovbnya
Vladislav Sopov
Dan Burgin