Continue reading U.TODAY
Google News
According to CoinMarketCap, the last day of the week started on a positive note for the cryptocurrency market.
Top coins from CoinMarketCap
BTC/USD
The price of Bitcoin (BTC) has increased by 0.68% since yesterday. In the last week the price has fallen by 2.40%.
Image from TradingView
Despite today's slight increase, BTC's price is far from the support and resistance levels, which means that there is unlikely to be a strong move up or down in the near future. In this regard, continued sideways trading around $42,000 is the more likely scenario.
Bitcoin is trading at $41,783 at press time.
ETH/USD
Ethereum (ETH) price is up 0.49% in the last 24 hours.
Image from TradingView
On the daily time frame, the price of the leading altcoin remains bullish as it is above the key level of $2,447, although it has not recovered far from it.
However, if the bulls fail to return to the $2,500 zone, there is a high probability that the price will decline to $2,400 next week.
At press time, Ethereum is trading at $2,476.
XRP/USD
XRP gained the largest value on the list today, gaining 1.12%.
Image from TradingView
Today's move did not impact XRP's technical position on the daily chart. Currently, traders should pay attention to the intermediate level of $0.54. If a breakout occurs, the decline could soon extend to the $0.51-$0.52 range.
At press time, XRP is trading at $0.5521.
About the author
Denys Serhiichuk
With over five years of trading experience, Denys has extensive knowledge of both technical and fundamental market analysis. Mainly, he started his blog on TradingView where he publishes all relevant information and makes predictions about top coins.
His experience is backed by working in top blockchain-related companies such as W12, Platinum Listing, ATB Coin and others. They can be contacted at [email protected].
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.