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ETH, XRP, BNB and ADA Price Analysis for January 29

Price Analysis
Sat, 01/29/2022 - 16:42
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Denys Serhiichuk
Which coins have returned to the bullish trend by now?
ETH, XRP, BNB and ADA Price Analysis for January 29
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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The weekends has begun with the ongoing correction of the cryptocurrency market as all of the top 10 coins are in the green zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

ETH/USD

Ethereum (ETH) is rising by 7% since over the last 24 hours.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

After Ethereum (ETH) bounced off the support at $2,300, it keeps trading sideways, accumulating power for the price blast.

Related
BTC, ETH and XRP Price Analysis for January 26

Thus, the growth is supported by the increased trading volume, which means that there is a possibility to see an ongoing rise above $2,600 next week.

Ethereum is trading at $2,540 at press time.

XRP/USD

XRP has gained less than Ethereum (ETH) as the rise has made up 3.39%.

XRP/USD chart by TradingView
XRP/USD chart by TradingView

Despite the growth, XRP is neither bullish nor bearish as the coin keeps trading sideways.

Related
BTC, DOGE and SHIB Price Analysis for January 25

Currently, traders are accumulating power for a sharp move, which means one needs to pay close attention to the support level at $0.6959 and the resistance at $0.5614.

XRP is trading at $0.6152 at press time.

BNB/USD

The price of Binance Coin (BNB) has increased by 2.12% since yesterday.

BNB/USD chart by TradingView
BNB/USD chart by TradingView

Unlike other coins, Binance Coin (BNB) seems to be accumulating enough power for continued growth. At the moment, the price is slowly approaching the resistance at $405.6. If bulls can fix above it, there are chances to see an ongoing rise to $450.

BNB is trading at $390.6 at press time.

ADA/USD

Cardano (ADA) is not an exception to the rule, going up by 4.04%.

ADA/USD chart by TradingView
ADA/USD chart by TradingView

Cardano (ADA) is about to come back to the resistance level at $1.155 on the daily chart. Even though the buying trading volume is low, if ADA gets to the area around $1.10 and trades there for a little while, the growth may continue to the zone of the most liquidity around $1.232 soon.

ADA is trading at $1.070 at press time.

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About the author

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.