The bullish trend continues on the cryptocurrency market; however, not all coins are going up. Cardano (ADA) and Binance Coin (BNB) are the only losers from the list, falling by 3.37% and 1.89%, respectively.
Top 10 coins by CoinMarketCap
BTC/USD
Yesterday morning, the Bitcoin (BTC) price recovery continued to the resistance of $48,000. In order to break this level, the bulls formed an impulse exceeding the average buying volume. As a result, the pair has consolidated above the upper border of the wide side channel, where it has been since the middle of last week.
BTC/USD chart by TradingView
The trading volumes were below average tonight, but buyers were able to test the psychological $50,000 mark. If buyers continue to dominate, then the growth may continue to the area of $52,000.
If sellers build a strong defense at the $50,000 line, the pair will return to the average price area—to the two-hour EMA55.
Bitcoin is trading at $48,975 at press time.
ADA/USD
Cardano (ADA) is the main loser on our list today. The rate of the third most popular crypto has decreased by 3.71%.
ADA/USD chart by TradingView
From the technical point of view, Cardano (ADA) is located in the sideways range with no bullish or bearish signals. However, the altcoin has successfully bounced off the support at $1.16, which has confirmed buyers' power. In this case, there are chances of seeing a retest of $1.39 shortly if bulls keep pressing.
Cardano is trading at $1.23 at press time.
BNB/USD
Binance Coin (BNB) also could not join the list of gainers as the rate of the native exchange token has declined by 0.59%.
BNB/USD chart by TradingView
According to the char, Binance Coin (BNB) is trading similarly to Cardano (ADA) as, despite the decline, yesterday's candle has confirmed buyers' strengths. Thus, the selling volume remains low, which makes it difficult for buyers to keep pushing the rate of the altcoin deeper. All in all, growth to $296 is likely.
Binance Coin is trading at $252 at press time.
LINK/USD
Chainlink (LINK) is the top gainer today. Its rate has rocketed by 10% since yesterday.
LINK/USD chart by TradingView
The current rise may not have ended yet as the altcoin has accumulated enough power to rise to the next resistance at around $32. Moreover, the current liquidity level is enough for such growth.
Chainlink is trading at $29.48 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
Coinbase lists WIF perpetual futures contract as it unveils plans for Aevo, Ethena, and Etherfi
Dogwifhat perpetual futures began trading on Coinbase International Exchange and Coinbase Advanced on Thursday. However, the futures contract failed to trigger a rally for the popular meme coin.
Stripe looks to bring back crypto payments as stablecoin market cap hits all-time high
Stripe announced on Thursday that it would add support for USDC stablecoin, as the stablecoin market exploded in March, according to reports by Cryptocompare.
Ethereum cancels rally expectations as Consensys sues SEC over ETH security status
Ethereum (ETH) appears to have returned to its consolidating move on Thursday, canceling rally expectations. This comes after Consensys filed a lawsuit against the Securities & Exchange Commission (SEC) and insider sources informing Reuters of the unlikelihood of a spot ETH ETF approval in May.
FBI cautions against non-KYC Bitcoin and crypto money transmitting services as SEC goes after MetaMask
US Federal Bureau of Investigations (FBI) has issued a caution to Bitcoiners and cryptocurrency market enthusiasts, coming on the same day as when the US Securities and Exchange Commission (SEC) is on the receiving end of a lawsuit, with a new player adding to the list of parties calling for the regulator to restrain its hand.
Bitcoin: BTC post-halving rally could be partially priced in Premium
Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?