The market keeps booming as all of the top 10 coins remain trading in the green zone.
Top coins by CoinMarketCap
BTC/USD
Yesterday, buyers tried to form a strong bullish momentum to break through the strong resistance at $58,000. The daily maximum was recorded in the area of $58,930, but the Bitcoin (BTC) price was unable to gain a foothold above the key resistance and returned to the area of yesterday's low this morning.
BTC/USD chart by TradingView
The rollback is not over yet and, during the day, it may continue to the area of the two-hour EMA55. If this moving average fails to stop the decline, then most likely today one will not be able to observe the recovery to the psychological level of $60,000.
Thus far, the BTC/USD pair has not left the downtrend channel of the local downtrend. If the level of average prices supports the pair, then by the end of the day, a breakout above $60,000 is possible.
Bitcoin is trading at $58,937 at press time.
ETH/USD
Yesterday, the Ethereum (ETH) price managed to gain a foothold above the level of $4,300 and continue its recovery to the $4,500 area.
ETH/USD chart by TradingView
The local maximum was set at the level of $4,508 tonight. A good signal to confirm the end of the downtrend can be a retest of the $4,800 level. In case buyers can fix above it, they have the chance to set a new peak and get to the vital mark of $5,000.
Ethereum is trading at $4,715 at press time.
BNB/USD
Binance Coin (BNB) has grown the least from the list. The rate of the native exchange coin has gone up by only 2.38% since yesterday.
BNB/USD chart by TradingView
Despite the relatively slow rise, Binance Coin (BNB) is approaching the vital resistance at $669.30. The growth is supported by a high trading volume, which means that a breakout may provoke sharp growth.
If that happens and BNB fixes above the green line, the levels of $700 and $800 can be attained soon.
BNB is trading at $632.20 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.
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