Which altcoins can stay stronger than Bitcoin (BTC)?
|The market has not chosen which direction to go in as some coins are in the red zone, while others are in the green.
Top coins by CoinMarketCap
BTC/USD
Bitcoin (BTC) could not join the list of rising coins, going down by 1.10%.
BTC/USD chart by TradingView
Bitcoin (BTC) remains trading in a narrow range as it has not accumulated enough energy for a sharp move. Bulls keep fighting for the $21,000 level, which is crucial to hold for a further rise. If they can do that, one can expect the test of the $22,000 zone until mid-June.
Bitcoin is trading at $21,012 at press time.
BNB/USD
Unlike Bitcoin (BTC), Binance Coin (BNB) is rising by 0.63% since yesterday.
BNB/USD chart by TradingView
After the false breakout of the resistance level at $243.3, the price is about to come back and show bulls' power.
In this regard, if the daily candle closes near the $240 mark, the native exchange coin has a chance to break out, which can lead to the test of $250 soon.
BNB is trading at $238.3 at press time.
ADA/USD
Cardano (ADA) has followed the fall of Bitcoin (BTC), declining by 2.31%.
ADA/USD chart by Trading View
The rate of Cardano (ADA) is almost unchanged since yesterday as neither bulls nor bears are controlling the situation at the moment. Currently, the important mark is $0.50 as its breakout can be a prerequisite for a continued rise. However, it can happen if the volume rises.
Cardano is trading at $0.4888 at press time.
SOL/USD
Solana (SOL) is also located in the red zone, losing 1.78% of its price share over the previous day.
SOL/USD chart by TradingView
Despite the fall, Solana (SOL) remains trading in the bullish zone as its rate is above $37.37 that serves the support now. If buyers can hold the price near the important $40 mark, further growth may continue.
SOL is trading at $39.28 at press time.
MATIC/USD
MATIC is the biggest loser from the list today, going down by 3.30%.
MATIC/USD chart by TradingView
MATIC is looking worse than SOL as the rate is far away from the resistance level at $0.6310. Respectively, the altcoin needs more time to garner power for a further move. The rise is possible if buyers can return the rate to $0.60.
MATIC is trading at $0.5549 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.