Can bulls return to game by end of day?
Bears remain more powerful than bulls as most of the coins are in the red zone.
Top coins by CoinMarketCap
BTC/USD
The rate of Bitcoin (BTC) has declined by almost 2% over the last day.
BTC/USD chart by TradingView
On the daily chart, Bitcoin (BTC) could not keep yesterday's rise. Currently, one should pay close attention to the $19,500 mark.
If the candle closes near it, there are chances to see a sharp decline to $19,000 soon.
ETH/USD
Unlike Bitcoin (BTC), the rate of Ethereum (ETH) has increased by 0.53%.
ETH/USD chart by TradingView
Ethereum (ETH) has bounced off the recently created mirror level at $1,511. Until the price is above it, buyers have chances for local growth. However, if sellers' pressure continues, the fall may lead to the test of the $1,400 zone shortly.
Ethereum is trading at $1,517 at press time.
XRP/USD
XRP has followed the drop of other coins, going down by 1.16%.
XRP/USD chart by TradingView
XRP/USD chart by TradingView From the technical point of view, XRP is trading similar to Bitcoin (BTC), and the rate is approaching the recently tested support level at $0.32136. If buyers cannot seize the initiative, a decrease may continue to the $0.31 mark until the end of the week.
XRP is trading at $0.3233 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.
