Bulls could not keep the rise going, and almost all of the top 10 coins have come back to the green zone. Binance Coin (BNB) is the only gainer from the list, going up by 2.21%.
Top coins by CoinMarketCap
BTC/USD
Bitcoin (BTC) has gone down by 2.13% since yesterday, while the price change over the past week has accounted for -3.47%.
BTC/USD chart by TradingView
On the daily chart, Bitcoin (BTC) could not rise after a false breakout of the $32,000 mark. If the daily candle closes below this vital level, there are chances to see an ongoing drop to the support zone around $30,000.
Bitcoin is trading at $31,730 at press time.
XRP/USD
Sales volumes contracted yesterday morning, and the XRP price decline came to a halt at the July low of $0.586.
XRP/USD chart by TradingView
Buyers on low volumes were able to restore the pair above the level of $0.60 and test the two-hour EMA55 at night.
It has not yet been possible to break above the level of average prices, but after a shallow pullback, the recovery may continue above the POC line ($0.624).
XRP is trading at $0.5980 at press time.
YFII/USD
YFII is not an exception from the rule, falling by 3.35%.
YFII/USD chart byTradingView
Despite the decline, YFII is approaching the resistance level at $2,318. The selling trading volume is low, which means that buyers are controlling the situation on the market. Respectively, the breakout of the resistance might be a prerequisite for sharp growth to $2,500.
YFII is trading at $2,243 at press time.
DOGE/USD
DOGE is showing a 3.33% decline over the last 24 hours.
DOGE/USD chart by TradingView
DOGE has broken the support level at $0.20 against the low trading volume. In this regard, the more likely price action is a drop to the nearest level at $0.1650 soon.
DOGE is trading at $0.1898 at press time.
ADA/USD
Cardano (ADA) is the biggest loser today, going down by almost 4%.
ADA/USD chart by TradingView
From the technical point of view, the decline may continue to the $1.10 level as bulls could not fix above $1.40. If the zone around $1 is broken, there are high chances of seeing the decline to $0.98 shortly.
ADA is trading at $1.22 at press time.
Any financial and market information given on U.Today is written for informational purposes only. Conduct your own research by contacting financial experts before making any investment decisions.
Recommended Content
Editors’ Picks
Why crypto may see a recovery right before or shortly after Bitcoin halving
Cryptocurrency market is bleeding, with Bitcoin price leading altcoins south in a broader market crash. The elevated risk levels have bulls sitting on their hands, but analysts from Santiment say this bleed may only be cauterized right before or shortly after the halving.
Manta Network price braces for volatility as $44 million worth of MANTA is due to flood markets
Manta Network (MANTA) price was not spared from the broader market crash instigated by a weakness in the Bitcoin (BTC) market. While analysts call a bottoming out in the BTC price, the Web3 modular ecosystem token could suffer further impact.
Bitcoin price uptrend to continue post-halving, Bernstein report says as traders remain in disarray
Bitcoin is dropping amid elevated risk levels in the market. It comes as traders count hours to the much-anticipated halving event. Amid the market lull, experts say we may not see a rally until after the halving.
OMNI post nearly 50% loss after airdrop and exchange listing
Omni network (OMNI) lost nearly 50% of its value on Wednesday after investors dumped the token following its listing on top crypto exchanges. A potential reason for the crash may be due to the wider crypto market slump.
Bitcoin: BTC’s rangebound movement leaves traders confused
Bitcoin (BTC) price has been hovering around the $70,000 psychological level for a few weeks, resulting in a rangebound movement. This development could lead to a massive liquidation on either side before a directional move is established.