TRENDING:
Oil price
XAU/USD
EUR/USD
Trade War
GBP/USD
Silver
Sponsored by
Login
|

How long is the altcoin rally going to last?

How long is the altcoin rally going to last?
Denys SerhiichukDenys SerhiichukU.Today

Most of the coins have continued their growth today. However, some of them have entered a correction phase.

Chart

Top 10 coins by CoinMarketCap

BTC/USD 

Bitcoin (BTC) could not keep the growth, and its price has gone down by 2.22 percent as a result. 

BTCUSD

BTC/USD chart by TradingView

Despite the dip, Bitcoin (BTC) does not look bearish while it keeps trading above $61,500.

The volatility has reduced, which means that the sideways trend in the range of $62,000-$63,000 is the most likely scenario until the end of the week.

Bitcoin is trading at $62,800 at press time.

ETH/USD 

Ethereum (ETH) is more bullish than Bitcoin (BTC). The rate of the main altcoin has increased by 3 percent since yesterday.

ETHUSD

ETH/USD chart by TradingView

On the daily chart, Ethereum (ETH) remains bullish, aiming at the $2,600 mark. The trading volume is low, which means that bears are not so active yet.

Ethereum is trading at $2,467 at press time.

XRP/USD 

XRP is the top loser today, with its price going down by 4 percent.

XRPUSD

XRP/USD chart by TradingView

XRP is yet to decide its next move. In this regard, sideways trading might prevail in the mid-term. Hence, the area of $1.75-$1.85 is a magnet for buyers in the short-term.

XRP is trading at $1.71 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

Crypto Today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1 face a make-or-break test

Crypto Today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1 face a make-or-break test

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading in the red on Friday after three consecutive days of losses, testing their respective make-or-break support levels.

Bitcoin Weekly Forecast: BTC hits 20-month low, will the pain continue?

Bitcoin Weekly Forecast: BTC hits 20-month low, will the pain continue?

Bitcoin recovers slightly, trading at $66,000 on Friday after reaching a new yearly low of $58,115 earlier this week, its lowest level since October 2024. Institutional selling intensified as spot ETFs recorded $1.35 billion in net outflows through Thursday.

XRP clings to $1 as long liquidations deepen bearish trend

XRP clings to $1 as long liquidations deepen bearish trend

Ripple trades near the key psychological support level of $1 at the time of writing on Friday after losing more than 8% so far this week. CoinGlass liquidation data shows that over 97% XRP long positions were wiped out over the past 24 hours.

Pi Network Price Forecast: Minor recovery amid market crash fuels short-term hope

Pi Network Price Forecast: Minor recovery amid market crash fuels short-term hope

Pi Network price records a mild 3% recovery at press time on Friday, shaping a rebound from a broken descending trendline. The declining trend in trading volume has stabilized around $10 million this week, supporting the possibility of an extended recovery as selling pressure wanes.

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin (BTC) recovers slightly, trading at $66,000 on Friday after reaching a new yearly low of $58,115 earlier this week, its lowest level since October 2024. Institutional selling intensified as spot Exchange Traded Funds (ETFs) recorded $1.35 billion in net outflows through Thursday.