Bulls have continued the growth as most of the coins keep trading in the green zone. DOGE is the only exception to the rule, falling by 0.26%.
Top coins by CoinMarketCap
BTC/USD
Bitcoin (BTC) is rising by almost 4% over the last day after it has successfully fixed above the $30,000 mark.
BTC/USD chart by TradingView
Bitcoin (BTC) is consolidating in the range of $31,500-$32,000 after yesterday's bullish candle. If the buying volume remains high and bulls can hold the initiative until the end of the day, the new month might start with the test of the resistance at $32,650.
Bitcoin is trading at $31,637 at press time.
BNB/USD
Binance Coin (BNB) has grown the least from the list, rising by 1.20%.
BNB/USD chart by TradingView
Even though Binance Coin (BNB) is looking weaker than the other coins, the native exchange coin could come back above the important $300 zone. In addition, the price is located near the resistance level, which means that buyers are more powerful than bears at the moment. Thus, there is a high chance to see further growth to $320 in the next few days.
BNB is trading at $318.70 at press time.
ADA/USD
Cardano (ADA) is the biggest gainer today, rocketing by 15% since yesterday.
ADA/USD chart by Trading View
Despite the sharp growth, the rate of Cardano (ADA) has bounced off the resistance at $0.6856, which means that bulls are not powerful enough for mid-term growth. However, if the rate remains trading above $0.60 and the price starts consolidating near this mark, traders can expect a breakout, followed by an upward move to the $0.70 mark.
ADA is trading at $0.615 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
Bitcoin, Ethereum prices struggle after mixed US NFP data
BTC and ETH prices experienced a temporary pullback as crypto market participants reacted to the news of the US NFP data release for May. Similar to the situation in April, the number of Nonfarm Payrolls added far exceeded the market’s expectations.
Solana: A break above $26.30 would spell doom for bears
SOL price has been trading with a bullish bias after an explosive breakout on December 30. However, because of volatility and the gloom in the broader crypto market, SOL has been unable to break above a key hurdle at $26.30, causing the price to trade sideways.
Bitcoin Weekly Forecast: BTC targets $30,000 as short-term bias turns bullish
Bitcoin (BTC) price shows a clear sign of the bulls’ victory. After failing to trigger a steep correction, bears look now out of context, at least in the short term, allowing buyers to restart a minor uptrend.
China crypto community picks Ethereum, Arbitrum and BNB Chain as top protocols
Ethereum, Arbitrum and BNB Chain protocols are top picks for the Chinese crypto community, data from a report shows, a possible bullish catalyst for tokens related to these protocols as Hong Kong opens the door of crypto to retail investors.
Bitcoin: BTC targets $30,000 as short-term bias turns bullish
Bitcoin (BTC) price shows a clear sign of the bulls’ victory. After failing to trigger a steep correction, bears look now out of context, at least in the short term, allowing buyers to restart a minor uptrend.