BTC, ETH, XRP, ADA, BNB, XLM and UNI Price Analysis for March 11

Price Predictions
Thu, 03/11/2021 - 17:09
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Denys Serhiichuk
Can Bitcoin (BTC) remain one of the fastest growing coins?
BTC, ETH, XRP, ADA, BNB, XLM and UNI Price Analysis for March 11
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Nearing the end of the week, most of the coins are in the red zone.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

The vital data for Bitcoin (BTC), Ethereum (ETH), XRP, Binance Coin (BNB), Stellar (XLM), Cardano (ADA) and UNI:

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin

BTC

$1,060,520,570,905 $56,356.77 $56,607,109,072 0.33%

Ethereum

ETH

$208,201,180,978 $1,792.21 $24,281,945,222 -2.46%

XRP

XRP

$20,745,056,449 $0.4518 $3,130,804,425 -4%

Binance Coin

BNB

$47,346,864,776 $291.29 $4,283,459,362 2.38%

Stellar

XLM

$9,194,323,663 $0.4027 $869,504,687 -3.78%

Cardano

ADA

$36,070,297,347 $1.12 $3,734,146,989 -4.91%

Uniswap

UNI

$16,366,977,058 $30.72 $704,351,678 -4.01%

BTC/USD

Bitcoin (BTC) could withstand the short-term bearish wave and remain to trade in the green zone. The price change since yesterday is +0.33%.

BTC/USD chart by TradingVie
BTC/USD chart by TradingView

Bitcoin (BTC) is slightly approaching the vital $60,000 mark  and there are quite high chances of reaching it as the bulls have accumulated enough power for a price blast.

Bitcoin is trading at $56,440 at press time.

ETH/USD

Ethereum (ETH) could not follow Bitcoin (BTC), and the rate of the chief altcoin has dropped by 2.46%.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

Despite the decline, the long-term scenario remains bullish as ETH is trading above the vital level of $1,700. If buyers keep dominating, there are high chances of seeing a retest of the resistance at around $2,000 next week.

Ethereum is trading at $1,805 at press time.

XRP/USD

The rate of XRP has gone down much deeper than that of Bitcoin (BTC) or Ethereum (ETH). The price change is -4%.

XRP/USD chart by TradingView
XRP/USD chart by TradingView

XRP is not an exception to the rule, as it has successfully bounced off the daily MA 50, which has confirmed the power for a retest of $0.50, most likely next week.

XRP is trading at $0.4537 at press time.

ADA/USD

Cardano (ADA) is the biggest loser today. Its price has decreased by 4.91% since yesterday.

ADA/USD chart by TradingView
ADA/USD chart by TradingView

From the technical point of view, Cardano (ADA) has accumulated the strength for a sharp move. If bulls keep the level of $1.11, there are chances for a retest of $1.33.

Cardano is trading at $1.12 at press time.

BNB/USD

Binance Coin (BNB) is the top gainer today. The rate of the native exchange token has increased by 2%.

BNB/USD chart by TradingView
BNB/USD chart by TradingView

Binance Coin (BNB) has broken the resistance at $282, having confirmed the bullish trend. However, at the moment, the asset needs to accumulate some time in the range of $300-$320 to keep the growth.

Binance Coin is trading at $293 at press time.

XLM/USD

Stellar (XLM) is also located in a short-term downtrend since yesterday. The drop is 3.78%.

XLM/USD chart by TradingView
XLM/USD chart by TradingView

Stellar (XLM) is trading similar to XRP as the coin is still trading above the MA 50 level. If selling volume remains low, the resistance at $0.46 might be tested next week.

Stellar is trading at $0.4049 at press time.

UNI/USD

Uniswap (UNI) has failed to keep the growth as the drop is around 4%.

UNI/USD chart by TradingView
UNI/USD chart by TradingView

At the moment, neither bulls nor bears are controlling the situation. However, if bulls remain above the vital $28 level, the resistance at $35 may be tested soon.

UNI is trading at $31 at press time.

 
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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.

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