Bulls continue yesterday’s sharp rise as most of the coins are in the green zone.
Bitcoin (BTC) is up 2% in the last 24 hours.
Bitcoin (BTC) has made a false breakout of the $30,000 mark and is trading above this important level again. However, for the time being, one needs to look at $32,000, which is crucial for buyers to settle for further upside.
If they manage to do so, it is likely to rise to $34,000 by the end of the month.
At press time, bitcoin is trading at $30,520.
Ethereum (ETH) is up less than Bitcoin (BTC) with a gain of 1.37%.
Despite today’s rise, Ethereum (ETH) hasn’t accumulated the energy for a sustained bull run. If buyers want to see the major altcoin rate close to $1,900, they will have to maintain the rate above $1,800. Such a scenario is relevant till the end of the week.
Ethereum is trading at $1,811 at press time.
XRP is following the rise of Bitcoin (BTC), which is up 2.03% over the past 24 hours.
XRP continues to fight for the $0.40 mark, as if the bulls can hold it and the daily candle recovers above it, one can expect a rise to the $0.41-$0.42 area. Furthermore, the volume remains high, which means that this area is important for traders in terms of further price action.
At press time, XRP is trading at $0.40215.
Binance Coin (BNB) is no exception to the rule, having gained 3.53% since yesterday.
Binance Coin (BNB) is trading below the $300 mark, which means that the bulls are yet to seize the initiative. The price is located in the middle of a wide channel between support at $238 and resistance at $336. In this case, a sustained sideways trade in the $290-$310 range is likely.
At press time, BNB is trading at $292.7.
Cardano (ADA) is the biggest gainer on the list today, rising 6.43%.
Cardano (ADA) has returned to its resistance at $0.6856. If the daily candle recovers near this area, a breakout could be a prerequisite for a sharp rise to the next level at $0.70.
ADA is trading at $0.659 at press time.