The cryptocurrency market is getting out of the correction zone as the top 10 coins are located in the green zone.
Top coins by CoinMarketCap
ETH/USD
Ethereum (ETH) is growing slower than Bitcoin (BTC) with a price rise of +9%.
ETH/USD chart by TradingView
Ethereum (ETH) keeps trading in the range, accumulating power for the next sharp move. Bulls have once again bounced back to the support at $2,400, having confirmed their power.
In this case, the more likely price action is ongoing growth to the vital mark of $3,000.
Ethereum is trading at $2,576 at press time.
ADA/USD
Cardano (ADA) is rising faster than Ethereum (ETH) with a growth of 12%.
ADA/USD chart by TradingView
Cardano (ADA) is looking bullish in the mid-term scenario after bulls have bounced back to the support at $1.50. At the moment, the altcoin is rising to the zone where most of the liquidity is focused. The potential level at which bears might seize the initiative is $1.70.
ADA is trading at $1.61 at press time.
XLM/USD
Stellar (XLM) has risen by over 7% over the past 24 hours.
XLM/USD chart by TradingView
Stellar (XLM) is no exception from the rule as bulls are accumulating power for ongoing growth. If they keep trading above $0.35, the next level at $0.39 might be achieved by the end of the week.
XLM is trading at $0.3515 at press time.
DOT/USD
Polkadot (DOT) has rocketed by 11% since yesterday.
DOT/USD chart by TradingView
The rise may not have ended yet as the altcoin is forming a double bottom pattern. The buying trading volume is going up slightly, which means that the resistance level at $27 can be attained within the next few days.
DOT is trading at $22.70 at press time.
LINK/USD
Chainlink (LINK) is the biggest gainer today, rising by more than 12%.
LINK/USD chart byTradingView
Chainlink (LINK) is about to break the resistance at $25.50. If bulls manage to do it, there are high chances of getting to the vital level at $30. However, buyers might find it difficult to do that from the start, as the rise is not accompanied by a high trading volume.
LINK is trading at $25.30 at press time.
Any financial and market information given on U.Today is written for informational purposes only. Conduct your own research by contacting financial experts before making any investment decisions.
Recommended Content
Editors’ Picks
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC declines as resistance emerges near all-time high
Bitcoin and Ethereum are approaching their key support levels, and a sustained close below these marks could lead to further declines.
TON set to launch synthetic Bitcoin to boost its DeFi solutions
TON revealed its plan on Thursday to launch a synthetic Bitcoin token on its blockchain, allowing users to trade, stake, and earn yield using BTC. Following the announcement, TON is down over 3%.
Maker Price Forecast: MKR could stage 40% rally
MakerDAO is up 2% on Thursday and could be set for a 40% rise in the coming weeks if it successfully maintains an extended move above the descending trendline of a falling wedge. On-chain data also supports the bullish outlook after a four-month-long decline.
USDT market cap crosses $120 billion as stablecoins continue their uptrend
The stablecoin market cap continued its uptrend in October, characterized by USDT reaching a $120 billion market cap, according to a CCData report on Thursday. This indicates that investors are preparing liquidity to fuel more demand.
Bitcoin: New all-time high at $78,900 looks feasible
Bitcoin price declines over 2% this week, but the bounce from a key technical level on the weekly chart signals chances of hitting a new all-time high in the short term. US spot Bitcoin ETFs posted $596 million in inflows until Thursday despite the increased profit-taking activity.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.