BTC, ETH, XRP, ADA, DOT and LINK Price Analysis for January 30

Price Predictions
Sat, 01/30/2021 - 14:42
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Denys Serhiichuk
Can Bitcoin (BTC) keep up with the growth of popular altcoins?
BTC, ETH, XRP, ADA, DOT and LINK Price Analysis for January 30
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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Contents

At the beginning of the weekend, most of the coins remain trading in the green zone; however, there are some exceptions to the rule. Mainly, Litecoin (LTC) is the main loser from the list, falling by 1%.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

The vital data on Bitcoin (BTC), Ethereum (ETH), XRP, Cardano (ADA), Polkadot (DOT) and Chainlink (LINK):

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin 

BTC

$636,365,493,947 $34,294.07 $103,528,768,599 2.59%

Ethereum

ETH

$154,224,318,359 $1,345.71 $47,500,912,256 1.66%

XRP

XRP

$13,623,576,827 $0.3024 $6,888,282,894 7.47%

Cardano

ADA

$10,642,090,840 $0.3423 $2,685,781,547 3.21%

Polkadot

DOT

$14,808,927,833 $16.37 $3,028,859,082 -0.13%

Chainlink

LINK

$9,114,624,258 $22.62 $3,217,556,246 -1.60%

BTC/USD

The Bitcoin (BTC) rate has gone down slightly over the last day, with the price change making up -8.53%.

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

On the daily chart, Bitcoin (BTC) could not get to the resistance at $40,000 from the first attempt. In this case, one may expect a consolidation phase in the range of $36,000-$38,000 in the upcoming days to gain more power for growth.

Related
Dogecoin (DOGE) Price Analysis for January 29

Thus, the buyers' power is also confirmed by a rising trading volume.

Bitcoin is trading at $34,180 at press time.

ETH/USD

Even though Ethereum (ETH) is also bullish, its price has not increased as much as the rate of Bitcoin (BTC).

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

In the long-term view, Ethereum (ETH) still has room for growth as bulls have managed to keep it trading above $1,200. If trading volume remains at its relatively high level, the main altcoin can get to the crucial mark of $1,500 by the end of the month.

Ethereum is trading at $1,351 at press time.

XRP/USD

XRP is the top gainer today, rising by almost 10% over the last day. The price change over the last week has accounted for more than 20%.

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

On the daily chart, XRP is bullish until the resistance at $0.40. The coin has accumulated enough energy for a price rise, which is supported by the rising buying trading volume.

XRP is trading at $0.3199 at press time.

ADA/USD

Cardano (ADA) is the second most growing coin on our list today. Its rate has increased by 3.21%.

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

Cardano (ADA) is also following a bullish scenario. The trading volume is going up slightly which means that the coin is getting out of the long-term accumulation phase. If it succeeds, it may reach the resistance at $0.4 soon.

Cardano is trading at $0.348 at press time.

DOT/USD

Polkadot (DOT) is one of the coins from the list that could not follow the other ones as its rate has gone down by 0.13% since yesterday.

DOT/USD chart by TradingView
DOT/USD chart by TradingView

From the technical point of view, Polkadot (DOT) is still located in the sideways trend and needs more energy to continue the growth. In this regard, the more likely scenario is trading in the area of $17-$18 in the upcoming days.

Polkadot is trading at $16.49 at press time.

LINK/USD

Chainlink (LINK) is the main loser today as the rate of the popular DeFi coin has fallen by 1.60%.

LINK/USD chart by TradingView
LINK/USD chart by TradingView

Even though the rate of Chainlink (LINK) has gone down over the last 24 hours, its long-term price action is bullish, targeting the nearest resistance at $25.50. However, there is a chance to move higher if it fixes above $25.

Chainlink is trading at $22.94 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.