The bullish trend remains the main scenario; however, not all coins from the top 10 list are ready to keep the growth.

BTCUSD

Top 10 coins by CoinMarketCap

BTC/USD

Yesterday, trading volumes were below average, and the Bitcoin (BTC) price consolidated sideways with support at $48.30. In the evening, sellers pushed through this support and returned the pair to the area of ​​average prices. But over the past night, the pair was able to recover to the zone of yesterday's consolidation.

BTCUSD

BTC/USD chart by TradingView

The lack of support from a large buyer does not allow the pair to overcome the psychological resistance at around $50,000.

If today, it is not possible to increase the volume of purchases, the pair might continue to consolidate, with the lower border of the sideways range expanding to the support area of ​​$46,000.

Bitcoin is trading at $50,973 at press time.

ETH/USD

Yesterday, buyers could not overcome the resistance at $1,600 and, on small volumes, the Ethereum (ETH) price gradually rolled back below the two-hour EMA55.

ETHUSD

ETH/USD chart by TradingView

At night, the decline stopped around $1,480 and, by morning, with the low activity of market participants, the pair is trying to gain a foothold above the level of average prices. If the moving average EMA55 can provide support to buyers, then attempts to break through the resistance of $1,700 will be repeated. If sellers achieve a slight advantage in the market today, a retest of the $1,400 support is possible.

Ethereum is trading at $1,593 at press time.

XRP/USD

Yesterday, low buying activity kept the XRP price from leaving the boring sideways range in which it has been stuck since last week.

XRPUSD

XRP/USD chart by TradingView

At the end of the day, sellers needed to exert some effort to push the price further away from the upper border of the channel. The pair pierced the support of $0.430, but remained within a narrow range. This morning, the sideways trend may continue, but buyers will once again try to gain a foothold above the four-hour EMA55.

XRP is trading at $0.4445 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.

Cryptos feed Join Telegram

Recommended content


Recommended Content

Editors’ Picks

Cardano whales enter buying spree before the Vasil hard fork

Cardano whales enter buying spree before the Vasil hard fork

Cardano price is showing an interesting set up as it struggles to make a move above a crucial support level. A rejection here could lead to a buying opportunity for patient investors before ADA explodes.

More Cardano News

Why Dogecoin enters 50% bull rally despite founder’s remarks on Elon Musk

Why Dogecoin enters 50% bull rally despite founder’s remarks on Elon Musk

Dogecoin price has been coiling up like a spring for roughly ten days, indicating that a massive move is about to occur. The congestion will likely lead to a bullish move for DOGE that is brimming with volatility.

More Dogecoin News

SafeMoon price readies for a 40% breakout

SafeMoon price readies for a 40% breakout

A brief technical and on-chain analysis on SafeMoon price. Here, FXStreet's analysts evaluate where SFM could be heading next.

More SafeMoon News

Why a 20% rally for Crypto.com price makes sense now

Why a 20% rally for Crypto.com price makes sense now

Crypto.com price is on the verge of flipping a crucial resistance barrier into a support level. Assuming this conversion occurs, CRO will be primed for a quick expansion to the next hurdle.

More Crypto.com News

Bitcoin: The last rebound before capitulation

Bitcoin: The last rebound before capitulation

Bitcoin is showing bullish signs in the lower time frames, which can be taken advantage of by traders in the next couple of days. But looking at BTC from the higher time frames suggests that the bottom is not in yet.

Read full analysis

BTC

ETH

XRP