Are most of the cryptocurrencies ready to keep the long-term growth?
|Most of the coins have continued their bull run; however, there are also some exceptions to the rule. Cardano (ADA), Binance Coin (BNB) and XRP are under a bearish influence.
Top 10 coins by CoinMarketCap
BTC/USD
Bitcoin (BTC) is the top gainer today as the rate of the leading crypto has gone up by almost 4%.
BTC/USD chart by TradingView
Despite the growth, the rise may not have ended yet as Bitcoin (BTC) has gotten out of the consolidation zone.
In this case, the nearest target is located around the level of $54,000.
Bitcoin is trading at $50,792 at press time.
ADA/USD
Cardano (ADA) is the complete opposite of Bitcoin (BTC) as its price has dropped by 0.76% since yesterday.
ADA/USD chart by TradingView
Analyzing the long-term perspective, the rise to the vital level of $1.33 remains the most likely scenario as bulls have confirmed above the $1.12 mark. Thus, the selling trading volume is low, which means that bears are running out of power to keep pushing the price of the altcoin lower.
Cardano is trading at $1.14 at press time.
EOS/USD
EOS is the second-most growing coin today. Its price has risen by 1.29% over the past 24 hours.
EOS/USD chart by TradingView
EOS is also looking bullish both in the short- and long-term scenario. The first zone at which bears might show resistance is the level of $4.10. However, the coin has gathered enough efforts for its breakout and a move to $4.71.
EOS is trading at $3.78 at press time.
XTZ/USD
The rate of Tezos (XTZ) is unchanged since yesterday. However, it has risen over the last week by 16%.
XTZ/USD chart by TradingView
Tezos (XTZ) is not an exception to the rule as bulls are about to retest the resistance of $4.29 soon. The bearish scenario will become relevant only if sellers break the support at $3.58 and fix below it.
Tezos is trading at $3.90 at press time.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.