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 are keeping the pressure on from the weekend as the rates of the coins are rising.
Top coins by CoinMarketCap
BTC/USD
On the daily chart, the rate of Bitcoin (BTC) has increased by 2.15%.
Image by TradingView
Despite today's growth, one should pay attention to the daily closure. If it happens above yesterday's peak at $28,248, there is a chance to see a further upward move to the $29,000 zone this week.
Bitcoin is trading at $27,755 at press time.
ETH/USD
Ethereum (ETH) is more of a gainer than Bitcoin (BTC), rising by almost 3% since yesterday.
Image by TradingView
From the technical point of view, Ethereum (ETH) is trading similarly to Bitcoin (BTC) as its rate is also far from key levels. The price has made a false breakout of the $1,900 mark, which is locally a bearish signal.
Denys SerhiichukIf the situation does not change by the end of the day, the correction may lead to the test of the $1,850-$1,870 zone shortly.
Ethereum is trading at $1,891 at press time.
XRP/USD
XRP is not an exception to the rule, rising by 1.87%.
Image by TradingView
XRP is looking bullish on the daily time frame, as the rate is near the vital resistance at $0.4854. If the breakout happens, it might be a prerequisite for a midterm rise as enough energy has accumulated for such a move.
XRP is trading at $0.4799 at press time.
DOGE/USD
The rate of DOGE has risen by 1.23% over the last 24 hours.
Image by TradingView
On the daily chart, the rate of DOGE is slowly approaching the resistance level at $0.07547. If the bar closes near it or even above, growth may continue to the $0.08 area soon.
DOGE is trading at $0.07311 at press time.
SHIB/USD
SHIB has followed the growth of DOGE, going up by 1.12%.
Image by TradingView
Despite the growth, the rate of SHIB is trading sideways, accumulating power for a further sharp move. If buyers want to keep the rise going, they need to fix above the zone at $0.000009. Only in that case can a midterm rise start.
SHIB is trading at $0.00000878 at press time.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin