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 have continued yesterday's sharp growth as most of the coins are in the green zone.
BTC/USD
Bitcoin (BTC) is rising by 2% over the last 24 hours.
Bitcoin (BTC) has made a false breakout of the $30,000 mark and is again trading above this vital level. However, at the moment, one needs to pay close attention to $32,000, which is vital for buyers to fix above for a further rise.
Denys SerhiichukIf they manage to do that, there are chances to see an upward move to $34,000 by the end of the month.
Bitcoin is trading at $30,520 at press time.
ETH/USD
Ethereum (ETH) has gained less than Bitcoin (BTC) with growth of 1.37%.
Despite today's rise, Ethereum (ETH) has not accumulated energy for a continued bull run. Buyers need to keep the rate above $1,800 if they want to see the rate of the main altcoin near $1,900. Such a scenario is relevant until the end of the week.
Ethereum is trading at $1,811 at press time.
XRP/USD
XRP is following the rise of Bitcoin (BTC), going up by 2.03% over the previous 24 hours.
XRP keeps fighting for the $0.40 mark as, if bulls can hold it and the daliy candle fixes above it, one can expect growth to the $0.41-$0.42 zone. In addition, the volume remains high, which means that this zone is vital for traders in terms of further price action.
XRP is trading at $0.40215 at press time.
BNB/USD
Binance Coin (BNB) is not an exception to the rule, rising by 3.53% since yesterday.
Binance Coin (BNB) is below the $300 mark, which means that bulls have not seized the initiative yet. The price is located in the middle of the wide channel between the support at $238 and the resistance at $336. In this case, there is a possibility to see continued sideways trading in the range of $290-$310.
BNB is trading at $292.7 at press time.
ADA/USD
Cardano (ADA) is the biggest gainer from the list today, going up by 6.43%.
Cardano (ADA) has come back to its resistance at $0.6856. If the daily candle fixes around this zone, the breakout may be a prerequisite for a sharp rise to the next level at $0.70.
ADA is trading at $0.659 at press time.
Tomiwabold Olajide
Godfrey Benjamin
Dan Burgin
Alex Dovbnya
Vladislav Sopov