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Despite the recent sharp growth, bears seem unlikely to seize the initiative as the rates of most of the coins are in the green zone.
Top coins by CoinMarketCap
BTC/USD
The rate of Bitcoin (BTC) keeps rising, going up by 3.47%.
Image by TradingView
Despite the growth, the price of BTC might face a slight correction as the rate has sharply risen to the $30,000 zone. Thus, one should pay attention to the bar closure. If it happens below yesterday's peak, the local decline may lead to the test of the $29,000 mark shortly.
Bitcoin is trading at $30,114 at press time.
ETH/USD
Ethereum (ETH) is keeping up with the rise of Bitcoin (BTC), growing by 3.67% over the last 24 hours.
Image by TradingView
On the daily chart, Ethereum (ETH) has almost tested the resistance at $1,935. If today's candle closes above the $1,900 mark, one can expect a further growth to the $1,960 zone. In another case, sellers may locally seize the initiative that can lead to the test of $1,860. Such a scenario is relevant until the end of the month.
Ethereum is trading at $1,897 at press time.
XRP/USD
XRP is not as much a gainer as Bitcoin (BTC) or Ethereum (ETH), as the rise has made up 0.60% since yesterday.
Image by TradingView
From the technical point of view, the rate of XRP is not ready yet for midterm growth as the price has bounced off the $0.52 zone. Thus, the volume remains low, confirming buyers' weakness. If today's bar closes in the red zone, traders can expect a decline to $0.49 soon.
XRP is trading at $0.4996 at press time.
ADA/USD
Cardano (ADA) is one of the biggest gainers today, rocketing by almost 6%.
Image by TradingView
The rate of Cardano (ADA) has made a false breakout of the mirror level at $0.2976 that serves as a resistance. If sellers cannot seize the initiative locally, the breakout may lead to a price blast to the $0.31-$0.32 zone as enough energy has been accumulated for such a move.
ADA is trading at $0.2959 at press time.
BNB/USD
Binance Coin (BNB) is the exception from the rule as its rate has fallen by 0.16%.
Image by TradingView
On the daily time frame, the price of BNB has once again failed to fix above the level at $235.4. If buyers cannot change the situation by the end of the day, one can expect a local correction to $240 shortly.
BNB is trading at $247.7 at press time.
MATIC/USD
MATIC has followed the sharp growth of Cardano (ADA), rising by 5.93%.
Image by TradingView
Despite the growth, there are low chances of seeing a further rise of MATIC from the current levels as the price has faced sellers' pressure in the zone of $0.70. In this case, closure below yesterday's peak might be a prerequisite for a drop to the $0.65 mark.
MATIC is trading at $0.6813 at press time.
Godfrey Benjamin
Gamza Khanzadaev
Mushumir Butt
