BTC, ETH, BNB and 1inch Price Analysis for May 6

The cryptocurrency market keeps rising; however, not all coins are in the green zone. Binance Coin (BNB), DOGE and Litecoin (LTC) are under bearish influence today.

BTC/USD

Bitcoin (BTC) keeps rising slower than most of the altcoins as the rate of the chief crypto has increased by only 2% since yesterday.

Even though the price of Bitcoin (BTC) has not risen so much today, the long-term potential remains bullish. The selling trading volume keeps going down which means that fewer bears are on the market at the moment.

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In this case, there are chances to expect the price of BTC at the resistance at $60,000 shortly.

Bitcoin is trading at $57,342 at press time.

ETH/USD

Ethereum (ETH) is growing faster than Bitcoin (BTC) as the rise over the last day is 6.77%.

The growth might not have ended yet as Ethereum (ETH) keeps rising higher after a false breakout of the 50% Fibonacci retracement. Respectively, the next target at which bears might seize the initiative is the 61.8% level, which refers to the $4,100 mark.

Ethereum is trading at $3,560 at press time.

BNB/USD

The rate of Binance Coin (BNB) has remained the same since yesterday. The price change has constituted -0.73%.

Binance Coin (BNB) keeps looking bullish as it remains above the vital level of $638. The selling volume is low, which means that buyers continue dominating. That is why bulls might get back the rate of the native exchange coin to the resistance at $680 within the next few days.

BNB is trading at $640.28 at press time.

1inch/USD

1inch is the top gainer today as the rate of the coin has blasted by more than 20%.

Even though the growth may not have finished yet, traders may expect a short-term correction to the mirror level at $6.65. Such a move could be considered to be gathering liquidity for a future rise.

1inch is trading at $7.03 at press time.