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The weekend started with continued growth in the cryptocurrency market.
BTC/USD
The price of Bitcoin (BTC) has increased by 1.09% in the last day.
On the hourly chart, Bitcoin (BTC) price is moving sideways and gaining energy for further movement. Volume has declined, meaning neither bulls nor bears are ready. In this case, a consolidation in the $34,400-$35,400 area is the more likely scenario for the next few days.
At press time, Bitcoin is trading at $34,723.
ETH/USD
Ethereum (ETH) gained more than Bitcoin (BTC), gaining 2.40%.
From a technical perspective, ETH price looks more bullish than BTC. Price is on track to test resistance at $1,865.
If buyers can take the initiative, traders can expect a test of the $1,900 zone soon.
At press time, Ethereum is trading at $1,835.
BNB/USD
Binance Coin (BNB) gained the most value today with a gain of 3.28%.
On the daily time frame, the price of Binance Coin (BNB) has broken the resistance at $234.8. If buyers maintain the initiative gained and can keep the price above this mark, growth could continue next week in the $240-$245 range.
At press time, BNB is trading at $236.
ADA/USD
Cardano (ADA) is no exception and rose by 2.63%.
On the daily chart, ADA price looks bullish as the price returns to the resistance level at $0.3295. If the bar closes around this level, there is a possibility of a breakout followed by a rise to the $0.34 area.
At press time, ADA is trading at $0.3223.
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
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