Can altcoins grow faster than Bitcoin (BTC) in upcoming month?
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.
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Author
Denys Serhiichuk
U.Today
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis.
