The market has slightly increased after a fall, and only some coins are in the red zone. Mainly, Solana (SOL) and Polkadot (DOT) remain under a bearish mood.
Top coins by CoinMarketCap
BTC/USD
Yesterday, buyers were able to break through the two-hour EMA55 resistance and restore the Bitcoin price above the POC line. The volumes decreased tonight, but the price continued to rise and came close to the 61.8% fibo level ($47,745).
BTC/USD chart by TradingView
It should be noted that the daily trading volumes were at an average level, and if bulls manage to increase the volumes, they may be able to break the $43,800 resistance.
Bitcoin is trading at $48,050 at press time.
ADA/USD
The rate of Cardano (ADA) has risen by 6.55% over the last 24 hours.
ADA/USD chart by TradingView
Cardano (ADA) has fixed above the $2.40 level, which means that bulls are trying to seize the initiative in the mid-term scenario. However, one may think about the trend reversal when ADA fixes above the vital $3 mark.
ADA is trading at $2.54 at press time.
BNB/USD
Binance Coin (BNB) has gained less than Cardano (ADA), with growth accounting for 5.77%.
BNB/USD chart by TradingView
Despite the ongoing rise, Binance Coin (BNB) has not entered the long zone yet.
At the moment, one needs to pay close attention to the $456 level, where buyers have the chance to seize the initiative. If they manage to do that, the rise may continue to $500.
BNB is trading at $434.7 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
Is Altcoin Season here as Bitcoin reaches a new all-time high?
Bitcoin reaches a new all-time high of $98,384 on Thursday, with altcoins following the suit. Reports highlight that the recent surge in altcoins was fueled by the victory of crypto-friendly candidate Donal Trump in the US presidential election.
Shanghai court confirms legal recognition of crypto ownership
A Shanghai court has confirmed that owning digital assets, including Bitcoin, is legal under Chinese law. Judge Sun Jie of the Shanghai Songjiang People’s Court shared this opinion through the WeChat account of the Shanghai High People’s Court.
BTC hits an all-time high above $97,850, inches away from the $100K mark
Bitcoin hit a new all-time high of $97,852 on Thursday, and the technical outlook suggests a possible continuation of the rally to $100,000. BTC futures have surged past the $100,000 price mark on Deribit, and Lookonchain data shows whales are accumulating.
Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange
Shiba Inu trades slightly higher, around $0.000024, on Thursday after declining more than 5% the previous week. SHIB’s on-chain metrics project a bullish outlook as holders accumulate recent dips, and dormant wallets are on the move, all pointing to a recovery in the cards.
Bitcoin: New high of $100K or correction to $78K?
Bitcoin surged to a new all-time high of $93,265 in the first half of the week, followed by a slight decline in the latter half. Reports highlight that Bitcoin’s current level is still not overvalued and could target levels above $100,000 in the coming weeks.
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.