Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Bulls keeps dominating over bears as most of the coins remain trading in the green zone.
BTC/USD
The rate of Bitcoin (BTC) has risen by 6.29% over the last 24 hours.
Bitcoin (BTC) has continued the rise after yesterday's bullish candle against the relatively medium volume. At the moment, the price is approaching the $21,000 mark.
If the main crypto can do that, there is a chance to see the test of the local resistance level at $22,400 by the end of the month.
Bitcoin is trading at $20,859 at press time.
ETH/USD
Ethereum (ETH) is the biggest gainer today, rocketing by 13%.
On the daily time frame, Ethereum (ETH) is again above the $1,200 mark, which is locally a bullish scenario. If buyers can hold the initiative until the end of the day, traders can expect the test of the $1,281 mark within the next few days.
Ethereum is trading at $1,230 at press time.
XRP/USD
XRP has followed the rise of other coins, going up by 7% since yesterday.
Despite the rise, XRP has made a false breakout of the $0.3434 level, having confirmed bulls' weakness. In this case, the more likely scenario is sideways trading in the range of $0.33-$0.34 so that buyers can accumulate more energy for a further upward move.
XRP is trading at $0.3339 at press time.
SOL/USD
Solana (SOL) is not an exception to the rule, rising by 12.45%.
Solana (SOL) is trading similar to Ethereum (ETH) as it is also on the way to its local resistance level at $39.72. If the daily closes near the $38 mark, bulls might keep their rise going for the next week.
SOL is trading at $38.09 at press time.
Alex Dovbnya
Valeria Blokhina
