Advertisement
AD

Main navigation

BTC, ETH, XRP, ADA and BNB Price Analysis for August 21

Advertisement
Mon, 21/08/2023 - 17:00
BTC, ETH, XRP, ADA and BNB Price Analysis for August 21
Cover image via www.tradingview.com

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.

Read U.TODAY on
Google News

The new week has started bearish for the cryptocurrency market, as most of the coins are in the red zone.

Advertisement

Top coins by CoinMarketCap

Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) is almost unchanged since yesterday.

BTC/USD chart by TradingView

Image by TradingView

On the daily chart, traders should pay attention to the nearest resistance level at $26,267. If the daily bar closes near it or above, buyers might locally seize the initiative, which can lead to the test of the $26,800 zone soon.

Bitcoin is trading at $26,017 at press time.

ETH/USD

The rate of Ethereum (ETH) has risen by 0.29% over the last 24 hours.

ETH/USD chart by TradingView

Image by TradingView

Despite a slight rise, the price of ETH is looking worse than BTC on the daily time frame as the rate is far from the resistance. As none of the sides has seized the initiative yet, sideways trading in the narrow range of $1,660-$1,680 is the more likely scenario for the next few days.

Ethereum is trading at $1,669 at press time.

XRP/USD

XRP is one of the biggest losers today, falling by 2.25%.

XRP/USD chart by TradingView

Image by TradingView

Despite today's fall, the price of XRP is also trading sideways, which is confirmed by the low volume. In this regard, consolidation in the area of $0.50-$0.55 is the more likely scenario until the end of the week.

XRP is trading at $0.5228 at press time.

ADA/USD

Cardano (ADA) has followed the drop of XRP, going down by 0.33%.

ADA/USD chart by TradingView

Image by TradingView

On the daily chart, the rate of Cardano (ADA) has failed to fix above the $0.27 zone. If the situation does not change by the end of the day, the drop may continue to the support level of $0.2525 soon.

ADA is trading at $0.2653 at press time.

BNB/USD

The price of Binance Coin (BNB) has declined by almost 3%.

BNB/USD chart by TradingView

Image by TradingView

From the technical point of view, the rate of Binance Coin (BNB) has come back to the midterm bearish trend after a breakout of the support level of $214.8. At the moment, there are no reversal prerequisites, which means that traders may expect a further downward move.

BNB is trading at $208.7 at press time.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD