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Bulls have seized the initiative as all top 10 coins are in the green zone again.
BTC/USD
Bitcoin (BTC) has grown, and it seems that it will not fall below $50,000 in the near future.
From the technical point of view, the rise may continue as the growth has been supported by increased buying trading volume. If bulls can fix above $50,000 by tomorrow, there are chances to get to the mirror level at $53,500 shortly.
Bitcoin is trading at $50,376 at press time.
ETH/USD
Ethereum (ETH) has grown much higher than Bitcoin (BTC) with a rise of 9%.
Ethereum (ETH) is about to make a retest of the $4,200 level as soon as bulls seize the initiative. If they can break the resistance and trade above it for a few days, the mark of $4,500 can be easily attained.
In addition, the selling trading volume is reduced, which means that bears have run out of power to push the price down.
Ethereum is trading at $3,932 at press time.
XRP/USD
XRP has gained less than Ethereum (ETH) as its rate has gone up by 7% since yesterday.
XRP is also looking bullish in the mid-term scenario as bears have failed to keep the price below $1.40. Thus, the altcoin has come back above the MA-50 on the daily chart, which means that growth is more likely than a drop. In this regard, there are chances of retesting the resistance at $1.66 within the next few days.
XRP is trading at $1.38 at press time.
ADA/USD
The rate of Cardano (ADA) is almost unchanged over the last day.
Despite a short correction today, further growth might happen. At the moment, the crucial mark for bulls is to conquer $2. If they succeed, they may bring the coin to $2.20.
Cardano is trading at $1.92 at press time.
BNB/USD
Binance Coin (BNB) is not an exception to the rule with a rise of 2%.
Bulls are trying to come back to the area around $640. If they can do it, the new peak at $700 should be attained soon.
BNB is trading at $612 at press time.
Alex Dovbnya
