TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Can altcoins show the same rise as Bitcoin (BTC)?

Can altcoins show the same rise as Bitcoin (BTC)?
Denys SerhiichukDenys SerhiichukU.Today

Bulls have managed to get back into the game as most of the coins are in the green zone. LUNA is the only exception to the rule, falling by 1.18%.

Chart

Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) has grown the most from our list today with a rise of 4.31%.

BTCUSD

BTC/USD chart by TradingView

Bitcoin (BTC) has broken the vital $42,000 mark and is trying to fix above it. The buying trading volume has also risen, which means that bulls are ready to keep the upward move. If the daily candle fixes in the area of $42,000-$42,500, one can expect further growth to the resistance level at $45,850 within the next few weeks.

Bitcoin is trading at $42,750 at press time.

ETH/USD

Ethereum (ETH) could not show the same growth as Bitcoin (BTC), and the rate of the main altcoin has grown by 2.62%.

ETHUSD

ETH/USD chart by TradingView

Comparing the chart of Ethereum (ETH) with BTC, the second most popular crypto is trading similarly as it is also on the way to its resistance level of $3,300. If buyers can hold the important $3,000 mark, a breakout may happen by the end of the current month.

Ethereum is trading at $3,020 at press time.

XRP/USD

XRP is no exception to the rule, rising by 3.76% over the last 24 hours.

XRP

XRP/USD chart by TradingView

Despite the growth, XRP could not fix above the $0.85 mark from the first attempt. However, until the rate is above $0.80, the mid-term picture remains bullish. If the buying trading volume increases, there is a high possibility to see the test of the blue resistance level shortly.

XRP is trading at $0.8424 at press time.

Read full original article on U.Today

Author

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis.

More from Denys Serhiichuk
Share:

Editor's Picks

Shiba Inu Price Forecast: SHIB stalls as rising supply on exchanges warns of profit-taking

Shiba Inu Price Forecast: SHIB stalls as rising supply on exchanges warns of profit-taking

Shiba Inu stalls above $0.00000500 following two consecutive bullish months as upside momentum eases. Volatile investors' interest in the meme coin amid rising supply on exchanges warns of profit-taking despite consistent token burns.

Dogecoin Price Forecast: Whales accumulate as DOGE uptrend stalls below 200-day EMA

Dogecoin Price Forecast: Whales accumulate as DOGE uptrend stalls below 200-day EMA

Dogecoin holds a modest bullish bias, trading above the key support zone around $0.090; however, it is capped below the 200-day Exponential Moving Average near $0.094. On-chain data shows certain whale wallets are accumulating DOGE tokens, while strengthening derivatives metrics support a rally ahead for the meme coin.

Ripple and Stellar outlook: Hold bullish bias above EMAs as derivatives back upside

Ripple and Stellar outlook: Hold bullish bias above EMAs as derivatives back upside

Ripple and Stellar hold above the key support zones, hinting at an upside move. Derivatives metrics further support the recovery, with both altcoins showing positive funding rates and rising long positions. Derivatives data shows a bullish tilt among XRP and XLM traders.

Crypto Market Overview: Bitcoin steadies below $80,000 – INJ, AERO rally

Crypto Market Overview: Bitcoin steadies below $80,000 – INJ, AERO rally

Bitcoin (BTC) hovers around $79,000 on Tuesday, struggling to break above the sell wall between $80,000 and $82,850. The broader cryptocurrency market sentiment remains bullish, with the Fear and Greed Index showing a reading of 73. Injective (INJ) and Aerodrome Finance (AERO) post double-digit gains over the last 24 hours.
Bitcoin: Gearing up for a sharp move

Bitcoin: Gearing up for a sharp move

Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.