|

Has the coin got enough power to keep rising?

The start of the week is neither bullish nor bearish as some coins keep rising while others are already in the red zone.

Chart

Top coins by CoinMarketCap

ETH/USD

Ethereum (ETH) is going up by less than 1% over the last 24 hours.

ETH

ETH/USD chart by TradingView

Ethereum (ETH) is about to break the resistance at $2,815 on the daily chart. If bulls can hold this mark until the end of the day, there is a chance to see further growth to the next level at $3,299 within the next few weeks.

However, such a scenario might be possible only if the leading altcoin can get to the vital $3,000 mark.

Ethereum is trading at $2,804 at press time.

ADA/USD

Cardano (ADA) is the biggest gainer from the list today as the altcoin has risen by 3.22%.

ADA

ADA/USD chart by Trading View

Despite today's growth, bulls need to get to the important $1 mark to keep the rise going. If they manage to do that and break the resistance at $1.003, the growth may lead the rate of ADA to the next level at $1.20 until mid-March.

ADA is trading at $0.924 at press time.

BNB/USD

Binance Coin (BNB) is showing a rise around 1% since yesterday.

BNB

​BNB/USD chart by TradingView

From the technical point of view, Binance Coin (BNB) is also about to break the resistance at $384. The native exchange coin has accumulated enough power for a sharp move. In this regard, the breakout may be a prerequisite for growth to the $400 mark soon.

BNB is trading at $381 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

Uniswap Price Forecast: UNI tests 200-day EMA supply amid renewed retail demand
Uniswap (UNI) edges higher near an immediate resistance at $3.88 on Tuesday. The native decentralized exchange (DEX) token is defying a broader correction in the cryptocurrency market, even as Bitcoin (BTC) falls toward $63,000 from its July highs around $67,000.
XRP slides amid risk-averse pressure and ahead of Fed rate decision
Ripple (XRP) continues to trade under increasing pressure on Tuesday. This marks the second consecutive day of declines, reflecting broader risk-off sentiment as investors appear to shift gears in anticipation of the Federal Reserve (Fed) interest rate decision. On Wednesday, the Federal Open Market Committee (FOMC) is widely expected to leave interest rates unchanged in the 3.50%-3.75% range.
Crypto Today: Bitcoin, Ethereum, XRP remain under pressure as risk-off sentiment persists
Bitcoin (BTC) is falling toward the immediate $63,000 support at the time of writing on Tuesday, weighed down by continued risk-off sentiment. Altcoins, including Ethereum (ETH) and Ripple (XRP), remain under pressure, trading below $1,900 and $1.10, respectively. Crypto market sentiment remains largely unresponsive and in the Fear territory, as reflected in the Fear & Greed Index.
Bitcoin price prediction: Is $60K back in focus as headwinds mount?
Bitcoin is falling towards 63k, at a 10-day low, as a sell-off in AI-linked stocks has hit risk sentiment, spilling over into cryptocurrencies and as investors look cautiously ahead to tomorrow's FOMC rate decision. Bitcoin is down 2.7% over the past 24 hours and more than 4% over the past seven days as it extends its pullback from 67k the July high reached last week.
Bitcoin: BTC holds firm, but the $100 Oil threat could change the game
Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.