Buyers continue to dominate the market; However, not all coins from the top 10 list are in the green zone.
Top 10 Coins from CoinMarketCap
BTC / USD
Buyers increased their volume yesterday morning and continued their bull run, with the daily high at $ 51,720. After lunch, the volume of purchases fell, but a new bullish impulse formed at the end of the day. Bitcoin’s all-time record price (BTC) has been updated to $ 52,640. At the same time, the total capitalization of the cryptocurrency market exceeded $ 1.5 trillion.
TradingView’s BTC / USD chart
Growth stopped at night and BTC price consolidated in a tight sideways range with support at $ 52,000. It looks like the bulls will continue to run into the $ 54,000 area this morning.
Bitcoin is trading at $ 51,776 at press time.
ETH / USD
Yesterday morning the support at USD 1,750 stopped the decline and reversed the price of Ethereum (ETH) to rebound. Before noon, the buyers managed to break the USD 1,800 resistance and at the end of the day they put the pair back in the recent high zone.
TradingView’s ETH / USD chart
Last night, the price of Ethereum (ETH) set a new absolute maximum of $ 1.918, and in the morning it began to pull back, allowing the pair to return to the average price range ($ 1,800).
If the two-hour EMA55 stops falling, the ETH / USD pair will have time to test the USD 2,000 psychological level before the end of this week.
Ethereum is trading at $ 1,916 at press time.
ADA / USD
Cardano (ADA) is the second most popular growing coin today. The rate has increased by 6% since yesterday.
TradingView’s ADA / USD chart
On the daily chart, Cardano (ADA) will retest the resistance at $ 0.982. Hence, bulls have a high chance of breaking as buyers continue to dominate due to the volume of trading. In that case, the new high could be at $ 1.10.
Cardano is trading at $ 0.9343 as of press time.
BNB / USD
Binance Coin (BNB) keeps setting new peaks. The native exchange token rate has increased 33% in the past 24 hours.
TradingView’s BNB / USD chart
From a technical point of view, Binance Coin (BNB) could be bearish in the short term as the coin is overbought according to the value of the RSI indicator. In that regard, the drop to the next level at $ 178 is possible.
Binance Coin is trading at $ 191.86 at press time.
XLM / USD
The rate of Stellar (XLM) has increased slightly since yesterday. The price change was 1.16%.
TradingView’s XLM / USD chart
Stellar (XLM) may have completed the correction enough to sustain growth. Accordingly, an increase to the previous resistance level at USD 0.60 is possible within the next few days.
Stellar is trading at $ 0.4996 at press time.
DOGE / USD
DOGE is the only coin from the list that is traded in the red zone.
DOGE / USD chart from TradingView
Although the DOGE rate fell on the last day, it is showing signs of near-term growth. Such a move is supported by the low trading volume. If the growth kicks in, DOGE could get back to $ 0.06 soon.
DOGE is trading at $ 0.051 as of press time.