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The last day of the week has turned out to be bullish for the cryptocurrency market as most of the coins are in the green zone.
BTC/USD
Despite sharp price fluctuations, the rate of Bitcoin (BTC) has risen by 2.09% over the last week.
Bitcoin (BTC) is located in the middle of a wide channel after a false breakout of the resistance level at $45,478. The selling trading volume is going down, which means that bears are running out of power.
Denys SerhiichukIf buyers use this chance and return the rate to $44,000, the growth may continue to $46,000 next week.
Bitcoin is trading at $42,465 at press time.
ETH/USD
Ethereum (ETH) could not follow BTC, and the rate of the main altcoin has declined by 2% over the past seven days.
After the failure to fix above the vital mark of $3,000, the rate of Ethereum (ETH) has come back to the blue support level at $2,815 on the daily chart.
If the bears' pressure continues and the price goes below it, the fall may lead ETH to the zone of $2,600-$2,700 shortly.
Ethereum is trading at $2,947 at press time.
XRP/USD
XRP is the top gainer today as its rate has rocketed by 24.74% over the last week.
Despite the sharp growth, XRP keeps showing power against the declining trading volume. At the moment, the rate is located close to the resistance level at $0.9150, the breakout of which may be a prerequisite for the mid-term rise to the $1 mark.
XRP is trading at $0.8323 at press time.
ADA/USD
The rate of Cardano (ADA) is almost unchanged since yesterday with growth of only 0.48%.
From the technical point of view, Cardano (ADA) is neither bullish nor bearish as the rate is located in the middle of the channel between the support at $0.917 and the resistance at $1.209. In this regard, ongoing sideways trading is the more likely scenario in the upcoming days.
ADA is trading at $1.066 at press time.
SOL/USD
Unlike XRP, Solana (SOL) is the biggest loser today as the price has gone down by almost 16% since the beginning of the week.
Bears remain more powerful than bulls as the price could not fix in the zone of $100. Likewise, the approach to the support level at $87.73 may generate its breakout and a sharp drop to $80.
SOL is trading at $96.39 at press time.
Arman Shirinyan
Alex Dovbnya
Dan Burgin
Vladislav Sopov