|

How great are the chances for the future growth of Bitcoin (BTC), Binance Coin (BNB) and EOS?

April has begun with an ongoing bullish trend in the cryptocurrency market as all top 10 coins are in the green zone. Filecoin (FIL) is the main leader among them, rising by almost 40%.

BTCUSD

Top 10 coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) is the slowest-growing coin on our list. The rate of the chief crypto has risen by only 1.43% over the last day.

BTCUSD

BTC/USD chart by TradingView

On the daily chart, Bitcoin (BTC) has entered the bullish zone. The trading volume is low, which means that traders are still accumulating their power.

In this case, there are chances to see a restest of the resistance zone around $62,000 soon.

Bitcoin is trading at $58,950 at press time.

BNB/USD

Binance Coin (BNB) may have exited the consolidation phase as the trading volume is going up.

BNBUSD

BNB/USD chart by TradingView

Binance Coin (BNB) is approaching the peak at $347. If a breakout happens, the crucial mark of $400 may be attained within the next few weeks, confirming the long-term bullish trend.

Binance Coin is trading at $327 at press time.

EOS/USD

EOS is the top gainer today as the rate of the altcoin has risen by 12.89% over the past 24 hours.

EOSUSD

EOS/USD chart by TradingView

EOS keeps trading within the rising channel on the daily chart, which means that there is a high chance of seeing a restest of the peak around $5.56. If the trading volume increases, bulls may get the rate to the vital $6 mark.

EOS is trading at $4.87 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:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Ripple faces persistent bear risks, shrugging off ETF inflows

Ripple is extending its decline for the second consecutive day, trading at $2.06 at the time of writing on Friday. Sentiment surrounding the cross-border remittance token continues to lag despite steady inflows into XRP spot ETFs. 

Luna Classic soars 20% as Do Kwon's sentence hearing looms

Luna Classic surges 20% on Friday, extending its recovery for the fourth consecutive day. Roughly 959 million tokens have been burned in December so far, fueling LUNC's recovery.

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000. 

Ethereum strengthens against BTC post-Fusaka, targeting $3,200 breakout

Ethereum trades above $3,100 on Friday, with bulls aiming for a breakout above a two-month-old resistance trendline. Ethereum gains strength against Bitcoin as demand for the major altcoin increases after the Fusaka upgrade.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000.