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Which cryptocurrencies have returned to bullish trend?

Which cryptocurrencies have returned to bullish trend?
Denys SerhiichukDenys SerhiichukU.Today

Bulls have totally returned to dominance as all of the top 10 coins are now trading in the green zone.

Chart

Top coins by CoinMarketCap

BTC/USD

After a slight decline, the price of Bitcoin (BTC) has risen by 2.30% over the last day.

BTCUSD

BTC/USD chart by TradingView

The rate of Bitcoin (BTC) has touched the $43,000 mark; however, it failed to fix above it from the first attempt. Thus, the buying trading volume has decreased, which means that bulls need more energy for a breakout. All in all, if the rate fixes close to the resistance level at $45,854 on the daily chart, there is a chance to see a further upward move to the zone around $50,000-$52,000.

Bitcoin is trading at $42,971 at press time.

ETH/USD

Ethereum (ETH) is the biggest gainer from our list today as the rate of the main altcoin has risen by 3.25%.

ETHUSD

ETH/USD chart by TradingView

From the technical point of view, Ethereum (ETH) is trading similarly to Bitcoin (BTC) as the price has approached the resistance level at $3,300.

If bulls manage to break it, one may expect mid-term growth as the altcoin has accumulated enough energy for a prolonged move.

Ethereum is trading at $3,052 at press time.

XRP/USD

XRP has grown the least today with growth of only 1.58% over the past 24 hours.

XRPUSD

XRP/USD chart by TradingView

Despite the growth, XRP remains weak, as it cannot fix above the $0.85 mark. The volatility has declined, which means that traders are still accumulating power for a further move. However, if the growth continues, there is potential to see the test of the resistance level at $0.9150 soon.

XRP is trading at $0.8337 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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