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Which coin has found local support?

Which coin has found local support?
Denys SerhiichukDenys SerhiichukU.Today

The growth has not lasted for long, and most of the coins are again in the red zone.

Chart

Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has declined by 1.29% over the last 24 hours.

BTCUSD

BTC/USD chart by TradingView

On the daily chart, Bitcoin (BTC) has again bounced back to the $29,000 mark, which confirms the bulls' power. If the short-term growth continues and the candle closes near $30,000, the rise may lead to the test of the $31,000-$32,000 zone.

Bitcoin is trading at $29,368 at press time.

BNB/USD

Binance Coin (BNB) is the biggest loser from the list today, falling by 4.63%.

BNB

BNB/USD chart by TradingView

Binance Coin (BNB) has bounced off the $300 mark against the increased trading volume. If bears cannot hold the initiative, one can expect the further growth to the $320 mark soon.

BNB is trading at $313.4 at press time.

ADA/USD

Cardano (ADA) is not an exception to the rule, going down by 4.12%.

ADA

ADA/USD chart by Trading View

Unlike BNB, Cardano (ADA) remains bearish as the price could not come back above the important $0.50 mark. However, if the bounce-off continues, there are chances to see the test of the $0.55 area next week.

ADA is trading at $0.4877 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.

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