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On the last working day of the week, the cryptocurrency market has faced a dump; however, some coins could even rise. Mainly, DOGE has rocketed by more than 150% over the last day.
The vital statistics for Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Cardano (ADA) and DOGE:
|
Name |
Ticker |
Market Cap |
Price |
Volume (24h) |
Change (24h) |
|
Bitcoin |
BTC |
$1,136,189,158,459 | $61,420.11 | $77,670,405,570 | -2.64% |
|
Ethereum |
ETH |
$272,829,066,970 | $2,413.17 | $35,277,005,453 | -1.99% |
|
Binance Coin |
BNB |
$76,319,500,093 | $509.78 | $6,152,437,029 | -7.20% |
|
Cardano |
ADA |
$43,339,243,851 | $1.39 | $5,504,119,427 | -5.88% |
|
DOGE |
DOGE |
$50,632,566,072 | $0.3572 | $64,733,084,994 | 166% |
BTC/USD
Bitcoin (BTC) has rested the support at $60,000 and bounced off, showing a 2.64% decrease.
It means that buyers are not going to give this area so easily to bulls. In this case, one might expect a correction to the nearest resistance zone at $62,000-$62,500 shortly.
Bitcoin is trading at $61,427 at press time.
ETH/USD
Ethereum (ETH) is less bearish than Bitcoin (BTC) as the rate of the chief altcoin has gone down by 2%.
From the technical point of view, Ethereum (ETH) is more bullish than Bitcoin (BTC) as the current drop is likely to be considered a correction to gain more liquidity before setting new peaks.
However, at the moment, the more likely price action is a bounceoff to $2,477.
Ethereum is trading at $2,417 at press time.
BNB/USD
Binance Coin (BNB) is the main loser today as the price of the native exchange token has decreased by 7%.
Binance Coin (BNB) is about to follow the Ethereum scenario as buyers might seize the short-term initiative and get the price to the resistance at the zone around $600. However, it is too early to consider the setting of new peaks.
BNB is trading at $508 at press time.
ADA/USD
Cardano (ADA) is the second-most falling coin today. The rate of it has declined by 5.88%.
Cardano has also bounced back to the support level at $1.33, which means that this level plays a key role for bulls. In terms of the near-term price projection, traders might expect the restest of the resistance at $1.44 soon.
Cardano is trading at $1.41 at press time.
DOGE/USD
DOGE is the coin of the day as its rate has blasted by a whopping 166%. Moreover, the coin is in fifth place on the CoinMarketCap ranking.
However, a correction is more likely than a decline. In this regard, a drop may occur soon, to the support level of $0.32. The growth potential may not have ended, though the asset needs more power to keep the trend going.
DOGE is trading at $0.3788 at press time.
Yuri Molchan
Dan Burgin
Alex Dovbnya
Vladislav Sopov