Buyers keep controlling the situation on the market; however, some coins have come back to the red zone.

Chart

Top coins by CoinMarketCap

BTC/USD

Yesterday, the two-hour EMA55 kept the Bitcoin (BTC) price in a sideways consolidation. In the afternoon, buyers tried to test the $60,000 level, but the daily high was only set at $59,250.

By the end of the day, the pair rolled back to the average price area.

BTC

BTC/USD chart by TradingView

Today, attempts to recover to the psychological level of $60,000 USD may continue, but if the bears push the moving average EMA55, the price can retrace to the $55,287 level.

Bitcoin is trading at $58,611 at press time.

XRP/USD

Yesterday, the XRP price held above the average price level and consolidated above the psychological level of $1. Today, it is the second-biggest loser among the top 10 coins.

XRP

XRP/USD chart by TradingView

Today, given the positive sentiment of market participants, the recovery may continue to the resistance of $1.10.

XRP is trading at $1.0105 at press time.

ADA/USD

Cardano (ADA) is also located in the bearish area as the price of the altcoin has declined by 0.80% since yesterday.

ADA

ADA/USD chart by TradingView

Despite the fall, Cardano (ADA) keeps consolidating after it has successfully bounced off the support at $1.496. If the situation does not change, and buyers hold the initiative, the rise may continue to the nearest resistance at $1.80.

Such a scenario is relevant until mid-December.

ADA is trading at $1.606 at press time.

SOL/USD

Solana (SOL) is the biggest gainer today as the growth of the coin has made up almost 5% over the last day.

SOL

SOL/USD chart by TradingView

Solana (SOL) is slowly moving to its peak at $259.90. The buying training volume remains low, which means that traders are still accumulating efforts. If bears cannot seize the initiative, there are good chances to see a new pear at around the vital mark of $300.

SOL is trading at $227.55 at press time.

AVAX/USD

Avalanche (AVAX) is not an exception to the rule as it is also located in a bullish trend.

AVAX

AVAX/USD chart by TradingView

AVAX is located in a wide channel from the technical point of view, and neither bulls nor bears are dominating. In this case, the more likely price action is continued sideways trading between the level of $110 and $130. Buyers have the opportunity for a rise if they can get to the $140 zone.

AVAX is trading at $122.47 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 Join Telegram

Recommended content


Recommended Content

Editors’ Picks

Will the FOMC minutes make or break Bitcoin’s uptrend?

Will the FOMC minutes make or break Bitcoin’s uptrend?

Ahead of the FOMC minutes release Bitcoin withdrawal from exchanges continued. Proponents expect the market to react to signs Fed members will continue with more aggressive interest rate hikes, increasing the pressure on Bitcoin price. 

More Bitcoin News

Why Cardano price action could see a 23% upswing soon

Why Cardano price action could see a 23% upswing soon

Cardano (ADA) price action is puzzling as, on the one hand, a continuation of the summer rally is still very much granted, but unfortunately, the recent pullback has not made it.

More Cardano News

Which Bullish setup is in play to trade ETC price action?

Which Bullish setup is in play to trade ETC price action?

Ethereum Classic (ETC) is trading inside a bullish right-angle triangle that forecasts  a breakout above $48.33 and a target at $52.44, with the monthly R1 resistance level in the middle as a pivotal point for some profit taking.

More Ethereum Classic News

Ethereum price could drop to $1,500 if bulls do not defend this level

Ethereum price could drop to $1,500 if bulls do not defend this level

Ethereum price shows a lack of buying pressure, which has led to a range formation. This development could tilt in bears’ favor if a certain support level is breached. 

More Ethereum News

Bitcoin: If bulls lose control here, BTC could revisit $21,000

Bitcoin: If bulls lose control here, BTC could revisit $21,000

Bitcoin price shows an interesting setup that could reveal its next move. On closer inspection,  its technicals support a bearish outlook for the leading crypto.  

Read full analysis

BTC

ETH

XRP