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According to CoinMarketCap rankings, prices of most coins have soared.
Top Coins by CoinMarketCap
BTC/USD
Bitcoin (BTC) price is up 2.23% in the last 24 hours.
Image by TradingView
On the daily chart, BTC is priced near the resistance at $31,500. If the bar closes near or even above, the accumulated energy could be enough for a breakout followed by a break to the $32,000 zone and above.
At press time, Bitcoin is trading at $31,261.
ADA/USD
Cardano (ADA) is one of the biggest gainers today, up 20%.
Image by TradingView
On the daily timeframe, Cardano (ADA) price managed a false breakout above yesterday’s high of $0.3673. If the close comes far from this level, traders could soon see a correction into the $0.32-$0.34 range.
At press time, ADA is trading at $0.3478.
TRX/USD
The price of TRX is up 5% since yesterday.
Image by TradingView
Yesterday’s candle validated buyer pressure as it closed above the $0.08 zone. If buyers take the initiative, the bullish move will continue to the next resistance level at $0.08580.
At press time, TRX is trading at $0.08209.
MATIC/USD
MATIC is no exception to the rule, up 11%.
Image by TradingView
From a technical perspective, MATIC’s price could face a local correction as the altcoin needs more energy to continue growing.
In this regard, traders are likely to see a drop into the $0.80 area in the next few days.
At press time, MATIC is trading at $0.8459.
LTC/USD
Litecoin (LTC) is one of the smallest gainers with a 1.65% growth.
Image by TradingView
Despite yesterday’s surge, Litecoin (LTC) price hasn’t accumulated enough energy for mid-term growth. The low volume confirms such a statement. Accordingly, a sustained consolidation in the $95-$105 range is the more likely scenario.
At press time, LTC is trading at $101.
SOL/USD
Solana (SOL) price is up 26% in the last 24 hours.
Image by TradingView
On the daily chart, SOL price has been fixed above the resistance at $26.80. If the bulls sustain the price above this level, growth by month-end could lead to a test of the $35-$40 zone.
At press time, SOL is trading at $28.31.
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