Bears have seized the initiative as most of the top 10 coins are in the red zone. Binance Coin (BNB) is the only exception to the rule, rising by 0.81%.
Top coins by CoinMarketCap
BTC/USD
Yesterday, bears pushed through the average price level. Significant sales volumes pushed the Bitcoin price back to the support level of $47,745. Sellers tried to break through this support tonight, but after a local minimum around $47,590, the pair recovered above the 61.8% Fibonacci level.
BTC/USD chart by TradingView
At the moment, pressure from the bears has eased, so one can count on the continuation of the recovery dynamics and a return to the psychological level of $50,000.
Bitcoin is trading at $47,426 at press time.
ETH/USD
Yesterday morning, buyers failed to form further bullish momentum, and the Ethereum (ETH) price rolled back below the EMA55 moving average. During the day, the decline continued until the bears pushed the price back below the support of $3,200. In the evening, sellers reached a minimum around $3,145.
ETH/USD chart by TradingView
By the end of the day, there was a weak attempt to recover to the support of $3,200, but the pair is still struggling to hold at this level in a narrow consolidation. If bearish pressure resumes, a pullback to the area of $3,075 is possible.
Ethereum is trading at $3,113 at press time.
ADA/USD
Cardano (ADA) is the second loser from today's list, falling by 3.45% over the past 24 hours.
ADA/USD chart by TradingView
On the daily chart, Cardano (ADA) has once again touched the support at $2.58. Until it is located above it, bulls keep controlling the situation on the market.
Once sellers break it and fix below, a sharp fall may occur that can lead the rate of ADA to the mark of $2.40.
ADA is trading at $2.64 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
Crypto Today: Poland to adopt BTC as Hedera, Tezos rally alongside Microstrategy investing another $4.6B
While Solana’s daily time frame gains were subdued at 2.2%, the SOL price action drew attention on Monday as traders brace for a potential breakout to new all-time highs.
Bitcoin could see another parabolic run following rising institutional interest
Bitcoin (BTC) began the week positively, rising over 3% above the $91K threshold on Monday. Despite the recent rise, BTC could begin another extended bullish move as top firms are increasing their Bitcoin holdings and potentially adopting it as a reserve asset.
Ethereum Price Forecast: ETH risks decline to $2,258 as exchange reserves continue uptrend
Ethereum (ETH) is up 1% on Monday after ETH ETFs hit a record $515.5 million inflows last week. However, rising exchange reserves and realized losses could trigger bearish pressure for the top altcoin.
SOL Price Forecast: Solana nears all-time high as VanEck, BONK spark $2.9B inflow
Solana (SOL) price reached a new monthly time frame peak of $248 on Monday, November 18, up 60% within the last 14 days. Derivatives market trends signal potential for more upside as bulls set their sights on new all-time high.
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.