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
Celebrity meme coins controversy continues amid Pump.fun revenue dominance
Pump.fun outperformed the Ethereum blockchain on Tuesday after raking in $1.99 million. Following this achievement, a meme coin based on actress Sydney Sweeney was the subject of controversy after its developers dumped their bags on investors.
PEPE's on-chain metrics indicate potential rally after weeks of silence
PEPE has struggled to see any significant price move after reaching an all-time high in May. Increased adoption rate and low MVRV ratio indicate a bullish run may be on the horizon. A single PEPE outflow from Binance worth $14.7 million gives credence to signs of bullish expectation.
Ethereum has failed to overcome key resistance despite bullish sentiment surrounding ETH ETF
Ethereum (ETH) is down more than 1.4% on Tuesday following another ETH sale from the Ethereum Foundation. Meanwhile, crypto exchange Gemini's recent report reveals that ETH ETF could see about $5 billion in net inflows within six months of launch.
Crypto community blasts Polkadot following report of treasury spending
Polkadot reports $87 million of treasury spending during H1. Crypto community members expressed harsh feelings toward the DOT team's high spending. DOT is up more than 2% in the past 24 hours but risks correction following the report.
Bitcoin: BTC price correction could end in July, according to seasonal data
Bitcoin (BTC) price appears poised for a decline this week, influenced by slight outflows in US spot ETFs, selling activity among BTC miners, and a combined transfer of 4,690.28 BTC to centralized exchanges by the US and German governments.