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The last day of the week is neither bullish nor bearish, according to CoinMarketCap’s ranking.
Top coins by CoinMarketCap
The rate of Bitcoin (BTC) has declined by 0.18% since yesterday.
Image by TradingView
From a technical point of view, today’s slight drop has not affected the general position of Bitcoin (BTC) on the daily chart. The rate keeps trading in the wide channel, getting energy for a further sharp move.
However, if buyers can hold the price above $27,000, there is a chance to see an upward move to the $27,500 zone.
Bitcoin is trading at $27,158 at press time.
The rate of Cardano (ADA) has increased by 0.75% over the last 24 hours.
Image by TradingView
Cardano (ADA) is looking bullish as the rate is on the way to the resistance at $0.3846. If closure happens near that mark, there is a chance to see a price blast to the $0.39 area. The selling volume has declined, which means that buyers are more powerful than sellers at the moment.
ADA is trading at $0.3808 at press time.
Binance Coin (BNB) has followed ADA, going up by 0.12%.
Image by TradingView
Unlike Cardano (ADA), the rate of Binance Coin (BNB) is not ready to grow or decline as the altcoin has not accumulated enough energy yet. The nearest level that traders should pay attention to is $308. If the bar fixes above it, the growth is likely to continue to the $312 zone.
BNB is trading at $306.9 at press time.
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
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Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.
