The market keeps booming as all of the top 10 coins remain trading in the green zone.


Top coins by CoinMarketCap


Yesterday, buyers tried to form a strong bullish momentum to break through the strong resistance at $58,000. The daily maximum was recorded in the area of $​​58,930, but the Bitcoin (BTC) price was unable to gain a foothold above the key resistance and returned to the area of ​​yesterday's low this morning.


BTC/USD chart by TradingView

The rollback is not over yet and, during the day, it may continue to the area of ​​the two-hour EMA55. If this moving average fails to stop the decline, then most likely today one will not be able to observe the recovery to the psychological level of $60,000.

Thus far, the BTC/USD pair has not left the downtrend channel of the local downtrend. If the level of average prices supports the pair, then by the end of the day, a breakout above $60,000 is possible.

Bitcoin is trading at $58,937 at press time.


Yesterday, the Ethereum (ETH) price managed to gain a foothold above the level of $4,300 and continue its recovery to the $4,500 area.


ETH/USD chart by TradingView

The local maximum was set at the level of $4,508 tonight. A good signal to confirm the end of the downtrend can be a retest of the $4,800 level. In case buyers can fix above it, they have the chance to set a new peak and get to the vital mark of $5,000.

Ethereum is trading at $4,715 at press time.


Binance Coin (BNB) has grown the least from the list. The rate of the native exchange coin has gone up by only 2.38% since yesterday.


BNB/USD chart by TradingView

Despite the relatively slow rise, Binance Coin (BNB) is approaching the vital resistance at $669.30. The growth is supported by a high trading volume, which means that a breakout may provoke sharp growth.

If that happens and BNB fixes above the green line, the levels of $700 and $800 can be attained soon.

BNB is trading at $632.20 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

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin finds buyers despite new six-month and 2022 lows, BTC relief rally on deck

Bitcoin price action on Monday was mainly in a full-blown bear attack, with a new 2022 and six-month lows hit. That all changed near the end of the NY equity market session when buyers poured in to rally Bitcoin higher to close in the green for the second day in a row.

More Bitcoin news

Binance Coin bulls may take over as BNB finds support at $350

Binance Coin price has fallen more than 31% since last Monday and over 51% from the all-time high. A deeper push lower is likely if the bulls fail to keep Binance Coin above its final support zone. New 2022 and seven-month lows are coming up.

More Binance Coin news

Ethereum Price Prediction: Ethereum could drop to $1,800

Etheruem price action, like the rest of the cryptocurrency market, has been overwhelmingly bearish. Since last Monday, ETH has fallen more than 34% and is currently more than 50% below the all-time high. Ethereum price has one sliver of support left, preventing a significant sell-off.

More Ethereum news

Centrifuge leads the current parachain slot auction on the Polkadot network

Centrifuge, a real-world DeFi project, is leading the current parachain slot auction. Polkadot price dropped in the recent crypto bloodbath and analysts have predicted a downward continuation of the altcoin. 124M Polkadot tokens is locked in a crowdloan.

More Polkadot news

Bitcoin: BTC may capitulate to $30,000

Bitcoin price has dropped considerably over the last three weeks. The recent downswing has made things worse for BTC and hints that a steep correction could be on its way.

Read full analysis