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The cryptocurrency market has continued the growth that started yesterday, and all of the top 10 coins remain in the green zone.
BTC/USD
Over the weekend, the price of Bitcoin (BTC) consolidated in a sideways channel between resistance at the $55,287 level and support at $53,400. At the end of the week, the bears closed the gestalt, testing the lower border of the sideways range. The monthly minimum has shifted to the area of the mark of $53,300.
This week has began with intensive growth that was supported by rather large volumes. As of this morning, the BTC price has already tested the $58,000 level; however, bulls were unable to break above this strong resistance.
Denys SerhiichukIf buyers are able to form another bullish impulse today, the pair can gain a foothold in the area of $60,000.
Bitcoin is trading at $57,209 at press time.
XRP/USD
On Sunday, the XRP price renewed its November low at $0.886 and recovered above the level of $0.960 tonight.
In the morning, buyers are trying to break above the two-hour EMA55. If they manage to break through this strong resistance, then the growth might continue above the psychological level of $1.
In the event of support from a large buyer, the pair may be able to test the resistance of $1.10 in the near future.
XRP is trading at $0.9759 at press time.
DOGE/USD
DOGE has shown the greatest growth compared to other coins from the list with a rise of 9%.
DOGE has successfully bounced off the support line at $0.1940, which means that buyers keep dominating. If nothing changes, the growth may continue to the zone of the most liquidity around $0.25858, where a minor correction could occur. Moreover, the buying trading volume is also rising, confirming bulls' power.
DOGE is trading at $0.2155 at press time.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin