The weekend has started with the bulls continuing to dominate the market.
BTC/USD
Bitcoin (BTC) price is up 2.68% over the last day.
Despite the low volume, Bitcoin (BTC) has almost reached the important $25,000 mark. For now, watch closely for the next level of resistance at $24,676. If the candle closes near them, there is a high chance of seeing another attempt at growth next week.
Bitcoin is trading at $24,497 at press time.
ETH/USD
Ethereum (ETH) has gained even more than Bitcoin (BTC) as the main altcoin’s price surged 5.46%.
Ethereum (ETH) managed a false breakout above $2,000 on the daily timeframe. Currently, the altcoin may need more time to gather strength for another surge. In that case, sideways trading in the $1,900-$2,000 range is the more likely scenario for the next part of the month.
Ethereum is trading at $1,984 at press time.
XRP/USD
XRP failed to follow Ethereum (ETH) and Bitcoin (BTC) gains of 1.82%.
Nothing significant has happened on the daily chart of XRP as the coin is trading sideways with neither bullish nor bearish signals. Bulls have a chance to seize the initiative if the price approaches and fixes above $0.40.
XRP is trading at $0.3794 at press time.
ADA/USD
Cardano (ADA) has outperformed all previous coins on the list. The price is up 6.30% since yesterday.
Cardano (ADA) broke the resistance level at $0.5472, confirming the medium-term bull run. If buyers can hold $0.56, growth may soon lead to a test of the $0.60 zone.
ADA is trading at $0.5601 at press time.
SOL/USD
Solana (SOL) gained the largest value on the list today, up nearly 7%.
From a technical perspective, Solana (SOL) is trading similarly to Cardano (ADA) as the coin also broke the resistance level at $44.87. If the daily candle closes with little or no wicks, the rise could continue into the $50 area in the medium term.
SOL is trading at $46.75 at press time.
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.