The correction has continued on the market as coins are still in the red zone. Meanwhile, Cardano (ADA) is the top gainer out of the top 30 assets, rising by almost 20% over the last day.

Chart

Top 10 coins by CoinMarketCap

BTC/USD

Yesterday morning, the level of $53,400 limited the decline in the BTC price and, by the end of the day, the pair recovered to the area of average prices.

BTCUSD

BTC/USD chart by TradingView

Buyers managed to pierce the two-hour EMA55 tonight while volumes were decreasing. During the day, buyers will try to restore the pair to the resistance of $58,000. But if the EMA55 reverses the price downward, the pair will return to the area of the weekly low (to the support of $53,400).

Bitcoin is trading at 55.021 at press time.

ETH/USD

Yesterday morning, buyers confidently pushed the Ethereum (ETH) price back to the two-hour moving average EMA55. However, in the second half of the day, the volume of purchases decreased significantly, and the pair could not continue to rise above the level of average prices. Buyers have tested the POC line ($1,800) several times, but so far they have been unable to overcome the resistance in the $1,800 area.

ETHUSD

ETH/USD chart by TradingView

Today, bulls will repeat their attempts to restore the pair above the Volume Profile indicator line ($1,800). If they fail to gain a foothold above the level of average prices, the decline will continue to the support at $1,680.

Ethereum is trading at $1,776 at press time.

XRP/USD

Yesterday, the XRP price managed to gain a foothold above the upper border of the blue channel, and buyers managed to pierce the resistance at the level of $0.50. The March high is set at $0.520.

XRPUSD

 

XRP/USD chart by TradingView

The pair could not stay above the psychological level of $0.50 for long and returned to the support of $0.450 by the end of the day.

Buyers initiated another attempt to restore the pair above the $0.50 level tonight but, in the morning, they were stuck around the $0.475 mark. If the growth continues and fails, the pair will return to the blue corridor.

XRP is trading at $0.4649 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

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Weekly Forecast: Musk changes tune on BTC as adoption and miners continue to make headway

Bitcoin price revival appears to be going well considering the recent sweep of the July 15 swing high. While this uptick in the market value of BTC is bullish, there is bound to be a minor pullback that will help catapult the pioneer cryptocurrency higher.

More Bitcoin News

TRON price sits on strong support while TRX bulls plan 70% breakout

A brief technical and on-chain analysis on TRON price. Here, FXStreet's analysts evaluate where TRX could be heading next as it seems bound for higher highs.

More Tron News

Cardano might pull back to $1.11 before heading higher

Cardano price has seen a quick run-up after approaching the trading range’s lower limit. While this uptick in ADA’s market value was obvious, investors should be aware of a minor pullback before the so-called “Ethereum killer” embarks on another leg up.

More Cardano News

Dash price must overcome imposing resistance to breakout

A brief technical and on-chain analysis on Dash price. Here, FXStreet's analysts evaluate where DASH could be heading next as it consolidates.

More Dash News

BEST CRYPTO BROKERS/EXCHANGES



Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast

BTC

ETH

XRP