Advertisement
AD

Main navigation

BTC, ETH, XRP, ADA and BNB Price Analysis for February 5

Advertisement
Sat, 5/02/2022 - 15:28
BTC, ETH, XRP, ADA and BNB Price Analysis for February 5
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

Bulls are keeping the growth going as the prices of all of the top 10 coins are in the green zone.

Advertisement
Article image
Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) has risen by 8.75% over the last 24 hours.

Article image
BTC/USD chart by TradingView

On the daily chart, Bitcoin (BTC) broke the resistance level at $39,573 and fixed above it. Currently, one needs to pay close attention to the area around $42,000. If bulls can get to this zone, there are chances to see a continued rise to $45,000 next week.

Related

If buyers fail to do that, one may expect a decline to the formed mirror level at $39,300.

Bitcoin is trading at $41,446 at press time.

ETH/USD

Ethereum (ETH) has gained less than Bitcoin (BTC) with a rise of 6.38%.

Article image
ETH/USD chart by TradingView

Ethereum (ETH) is trading around the resistance at $3,034. If bulls can break this level, the growth may continue to the area of $3,500. In case of a false breakout, the decline may lead the rate of the chief altcoin to $2,815.

Ethereum is trading at $3,018 at press time.

XRP/USD

XRP is trying to show similar performance as BTC, going up by almost 9%.

Article image
XRP/USD chart by TradingView

Despite the growth, XRP has not left the channel, located between the support at $0.5461 and the resistance at $0.6959. At the moment, the rate is coming close the $0.68 mark against increased trading volume. In case of a breakout, there are chances to see the test of the liquidity zone around $0.80 next week.

XRP is trading at $0.6710 at press time.

ADA/USD

Cardano (ADA) is not an exception to the rule, rising by almost 10%.

Article image
ADA/USD chart by TradingView

Cardano (ADA) is trading similarly to XRP as it is also located near its resistance level at $1.188. However, the buying volume is going down, which means that bulls may have faced some obstacles on the way. In this case, the more likely scenario is ongoing sideways trading around $1.11.

ADA is trading at $1.154 at press time.

BNB/USD

Binance Coin (BNB) is the biggest gainer from the list today as its rate has rocketed by 12% since yesterday.

Article image
BNB/USD chart by TradingView

BNB broke the resistance at $405, having confirmed the bulls' power. If the trading volume increases, the rise may continue to the vital mark around $500. Such a scenario is relevant until the end of the upcoming week.

BNB is trading at $421.6 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