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Most of the coins are facing a correction today, according to CoinStats.
BTC/USD
Bitcoin (BTC) is an exception today, rising by 1.06%.
The rate of BTC is rising after a false breakout of the support of $107,389.
If the candle closes around the current prices or above and with no long wick, the upward move is likely to continue to the $114,000 area.
Bitcoin is trading at $110,253 at press time.
ETH/USD
Ethereum (ETH) has not followed the growth of BTC, falling by 1.17% since yesterday.
The price of ETH is within yesterday's bar, which means neither side is dominating. The volume is low, confirming the absence of buyers' and sellers' energy. In this case, sideways trading around the current prices is the more likely scenario.
Ethereum is trading at $4,383 at press time.
XRP/USD
The rate of XRP has almost not changed over the last 24 hours.
On the daily time frame, the price of XRP is going up after a bounce back from the support of $2.7280. However, buyers might need more time to accumulate energy for a further move. In this regard, consolidation in the range of $2.80-$2.90 is the more likely scenario until the end of the week.
XRP is trading at $2.8078 at press time.
ADA/USD
The price of Cardano (ADA) has declined by 1.66% over the past day.
The situation is neither bullish nor bearish on the daily chart. The rate of ADA is within yesterday's candle, which means neither buyers nor sellers are controlling the situation on the market. Such a statement is also confirmed by the falling volume. All in all, traders are unlikely to witness sharp moves over the next few days.
ADA is trading at $0.8199 at press time.
BNB/USD
The rate of Binance Coin (BNB) has dropped by 0.84% since yesterday.
On the daily time frame, the price of the native exchange coin is far from the main levels. The volume is low, which means neither side has enough strength for a sharp move. In this case, sideways trading in the narrow range of $840-$860 is the more likely scenario.
BNB is trading at $851 at press time.
SOL/USD
Solana (SOL) has gained the most value today, rising by 1.37%.
From the technical point of view, neither side is dominating. In this case, traders should focus on the nearest zone of $200. While the rate is above that mark, there is a chance to see an upward move. However, if buyers lose it, the correction may continue to the $190 mark.
SOL is trading at $202.71 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team