Today, neither bulls nor bears are dominating as some coins are in the red zone, while others have come back to green.
Top coins by CoinMarketCap
BTC/USD
Yesterday morning, the average price level stopped the pair's decline and, by this morning, buyers returned the Bitcoin (BTC) price to the July high zone.
BTC/USD chart by TradingView
After retesting the resistance of $40,000, the recovery has slowed down and the price is trying to consolidate in the area of weak support at $39,600. If the bulls manage to continue to rise today, the price may test the $42,447 level.
If buyers cannot hold above the psychological barrier of $40,000, then the pair might roll back to the lilac support of $36,000.
Bitcoin is trading at $39,718 at press time.
ETH/USD
Yesterday morning, the bulls bought off the level of average prices and, during the day, they tried to restore the pair to its previous place—to the zone of the monthly maximum. However, buying volumes were below average and, this morning, the recovery has stopped at $2,336.
ETH/USD chart by TradingView
At the moment, the price has pulled back from this resistance and is trying to find support around the $2,280 mark. If the bears push the pair below this mark, then at low volumes the pair can decline to the area of the two-hour EMA55.
Ethereum is trading at $2,284 at press time.
ADA/USD
Cardano (ADA) could not keep the growth and its rate has gone down by 0.20% since yesterday.
ADA/USD chart by Trading View
On the daily chart, Cardano (ADA) is trading between the support at $1.24 and the liquidity zone at $1.35. At the moment, there is no dominance by neither of the sides, which means that there is a high possibility of seeing the rate in the mentioned area for the next few days.
Cardano is trading at $1.28 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.
Recommended Content
Editors’ Picks
XRP ruling by Judge Torres denied in Coinbase lawsuit, yet another blow to Ripple
XRP programmatic sales ruling by Judge Torres completely rejected by US Court in Coinbase lawsuit. US Court rejected Coinbase’ motion to dismiss SEC lawsuit, weighing heavily on Ripple’s legal battle.
Sushi price eyes $3 after clearing key weekly resistance level
Sushi price flips the $1.628 resistance level into a support floor after a month of struggle. A temporary retracement might be a good opportunity to accumulate SUSHI before a retest of $3. A breakdown of the $1.267 barrier would invalidate the bullish thesis.
Bitcoin Price Outlook: Will $150 billion bank Morgan Stanley send BTC to new ATH?
Bitcoin has recorded increased volatility this week, with most of BTC holders currently in profit. As market activity continues to grow with long-term holders now ramping up on distribution pressure, the pioneer crypto is bearing the brunt of growing overhead pressure.
Coinbase loses first round of battle against SEC
A day after the SEC filed a lawsuit against Binance last year, it went after Coinbase in a sign that the clampdown is extending to key players in the industry. The latest development in the matter is that the court has ruled in favor of the financial regulator, which means the case will continue.
Bitcoin: BTC may have recovered, but is it out of the woods?
Bitcoin’s (BTC) upward momentum has shown a significant decline for the past two weeks or so. This development led to a bearish signal on the weekly and an uncertain outlook on the monthly.