The market has not chosen which direction to go in as some coins are in the red zone, while others are in the green.
Top coins by CoinMarketCap
BTC/USD
Bitcoin (BTC) could not join the list of rising coins, going down by 1.10%.
BTC/USD chart by TradingView
Bitcoin (BTC) remains trading in a narrow range as it has not accumulated enough energy for a sharp move. Bulls keep fighting for the $21,000 level, which is crucial to hold for a further rise. If they can do that, one can expect the test of the $22,000 zone until mid-June.
Bitcoin is trading at $21,012 at press time.
BNB/USD
Unlike Bitcoin (BTC), Binance Coin (BNB) is rising by 0.63% since yesterday.
BNB/USD chart by TradingView
After the false breakout of the resistance level at $243.3, the price is about to come back and show bulls' power.
In this regard, if the daily candle closes near the $240 mark, the native exchange coin has a chance to break out, which can lead to the test of $250 soon.
BNB is trading at $238.3 at press time.
ADA/USD
Cardano (ADA) has followed the fall of Bitcoin (BTC), declining by 2.31%.
ADA/USD chart by Trading View
The rate of Cardano (ADA) is almost unchanged since yesterday as neither bulls nor bears are controlling the situation at the moment. Currently, the important mark is $0.50 as its breakout can be a prerequisite for a continued rise. However, it can happen if the volume rises.
Cardano is trading at $0.4888 at press time.
SOL/USD
Solana (SOL) is also located in the red zone, losing 1.78% of its price share over the previous day.
SOL/USD chart by TradingView
Despite the fall, Solana (SOL) remains trading in the bullish zone as its rate is above $37.37 that serves the support now. If buyers can hold the price near the important $40 mark, further growth may continue.
SOL is trading at $39.28 at press time.
MATIC/USD
MATIC is the biggest loser from the list today, going down by 3.30%.
MATIC/USD chart by TradingView
MATIC is looking worse than SOL as the rate is far away from the resistance level at $0.6310. Respectively, the altcoin needs more time to garner power for a further move. The rise is possible if buyers can return the rate to $0.60.
MATIC is trading at $0.5549 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
Ethereum attempts recovery following first rate cut in four years
Ethereum is trading above $2,330 on Wednesday as the market is recovering following the Federal Reserve's decision to cut interest rates by 50 basis points. Meanwhile, Ethereum exchange-traded funds recorded $15.1 million in outflows.
Bitcoin offers diversity for traditional investors: BlackRock
Bitcoin (BTC) is trading above $60,000 on Wednesday following the release of BlackRock's latest white paper, which addresses some of the top crypto assets' unique advantages to investors compared to traditional asset classes.
XRP pulls back 4% even as Ripple releases details of stablecoin RLUSD
Ripple (XRP) shared details of its stablecoin project Ripple USD (RUSD) in a blog published on Tuesday. The cross-border payment remittance firm discusses relevant legislation and plans to support the digital asset economy through RLUSD.
Bitcoin traders keep powder dry ahead of Fed decision on interest rates
Bitcoin retraces slightly, trading above $59,000 on Wednesday, as crypto markets brace for the upcoming interest-rate decision by the US Federal Reserve, which is expected to lower interest rates for the first time in more than four years.
Bitcoin: On the road to $60,000
Bitcoin price retested and bounced off from the daily support level of $56,000 this week. US spot Bitcoin ETFs posted $140.7 million in inflows until Thursday and on-chain data supports a bullish outlook.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.