The last day of the week is likely to be bullish for the crypto market as the majority of coins are in the green zone.
BTC/USD
The past week has been bullish for Bitcoin (BTC) as its rate has increased by 2.60%.
However, in technical term, the bulls are unable to seize the initiative to return to the medium-term uptrend. The price is located between the $39.573 support and $45.478 resistance.
The sideways trading is also confirmed by low trading volume, which means it is less likely to see sharp fluctuations in the coming week. In this case, the more likely scenario is that the trend continues around $42,000-$44,000.
Bitcoin is trading at $42,830 at press time.
ETH / USD
Ethereum (ETH) has been more bullish than Bitcoin (BTC) with a price increase of 6.19% over the past seven days.
After the major altcoin wrongly broke out of the $3,400 area, the price is around the recent resistance at $3,300. If the bulls fail to seize the initiative and the bear pressure continues, the drop could lead ETH to the area around $3,200 as early as next week.
Ethereum is trading at $3,302 at press time.
XRP/USD
XRP is the only bearish coin on today’s list as its share has dropped by 0.54%.
Despite the drop, XRP sits between the $0.6520 support and resistance, serving the most liquid area at $0.84. If the price returns to the area around $0.80, a further rally to $0.84 is likely.
However, it is still too early to think about that as the growth is not supported by trading volume.
XRP is trading at $0.7747 at press time.
BNB / USD
The rate of Binance Coin (BNB) is almost unchanged since yesterday; however, last week’s gain was 14%.
Binance Coin (BNB) has successfully fixed above the key level of $489. If the bulls can take the initiative, it has been achieved and trading volume has increased, so will the rate of the native exchange coin. could sustain the upside momentum towards the most liquid zone around $520 next week.
BNB is trading at $497.5 at press time.
ADA / USD
Cardano (ADA) is the biggest gainer on the list today, up 20% from seven days ago.
Cardano (ADA) absorbed last week’s drop, which confirms the strength of the bulls over the bears. As such, buying volume is about to increase. If the situation remains unchanged and the rate remains at the $1.30 mark, growth could continue to the next level at $1,932 by the end of the month.
ADA is trading at $1,430 at press time.
Follow u.today