Buyers have lost the initiative as all coins from the top 10 list are in the red zone.
BTC/USD
Yesterday, during the day, buyers attempted for a long time to break through the resistance in the $44,000 area. In the evening, a weak bullish momentum could break above this level, but the bears reacted with heavy selling volume and by the end of the day, Bitcoin (BTC) price went back below the EMA55 for two hours.
The $42,447 level can keep the pair from falling deeply. By this morning, the couple were in a rather narrow side hallway. If today, the buyers can pull back to the $44,000 resistance, by the end of the week the bulls can continue their push towards the target level of $46,000.
In the event that the bears break through the support, the recovery can continue to $41,700.
Bitcoin is trading at $42,483 at press time.
BNB / USD
The Binance Coin (BNB) rate has dropped nearly 2% since yesterday.
Binance Coin (BNB) made a false breakout from the mirror level at $489, which confirmed the weakness of the bulls. If the buyers fail to break this resistance and fix above it, it is more likely to see a bounce back to the sub-$450 zone shortly.
As a result, the volume of transactions sold has increased. Such a scenario is relevant until the end of January.
BNB is trading at $475.4 at press time.
ADA / USD
Cardano (ADA) trails BNB, down 2.78% over the past 24 hours.
Despite the ongoing drop, Cardano (ADA) is trading above the $1,072 support. However, the selling volume tends to increase, which means that the bears are stronger than the bulls at the moment. In the event that the situation does not change, one can expect a retest of the support level again soon.
ADA is trading at $1,264 at press time.
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