Original U.Today article

BTC, ETH, XRP, BNB, and ADA Price Analysis for January 10

Is the ongoing cryptocurrency market correction coming to an end?

Price Analysis

Mon, 10/01/2022 - 16:30

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.

Read U.TODAY on

Google News

The new week has started with a renewed market correction, with all top 10 coins being in the red zone.

BTC/USD

The price of Bitcoin (BTC) has gone down by almost 2% since yesterday.

The main crypto has fixed below the support green line at $41,967, which means that bears are in control of the situation at the moment. The sellers' power is also confirmed by the increased trading volume.

Sat, 01/08/2022 - 18:19

BTC, ETH, BNB, ADA and LINK Price Analysis for January 8

If this pressure continues and BTC drops below the vital mark of $40,000, there is a change seeing the price around $35,000 shortly.

Bitcoin is trading at $40,745 at press time.

ETH/USD

Ethereum (ETH) is the biggest laggard from the list, falling by 2.92%.

Despite the drop, Ethereum (ETH) made a false breakout of the support level at $2,897. Until the rate is located above it, bulls have a chance to seize the iniative and try to restore the bullish trend.

Thu, 01/06/2022 - 17:55

BTC, ETH, SHIB, and DOGE Price Analysis for January 6

However, if the daily candle fixes below the psychological mark of $3,000, there might be a sharp drop to $2,410 within the next weeks.

Ethereum is trading at $3,008 at press time.

XRP/USD

XRP has also followed the decline of BTC and ETH, losing 2.61% of its price share over the last 24 hours.

That said, sideways trading remains a more likely scenario for the upcoming days as the price is located in the wide range between the support at $0.652 and the resistance at $1.01.Currently, the price is closer to the support, and if the level is broken, the decline may lead XRP to $0.50 soon.

XRP is trading at $0.7278 at press time.

#Bitcoin Price Prediction #Ethereum Price Prediction #XRP Price Analysis

About the author

Denys Serhiichuk

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, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.