Bulls have recovered after a sharp drop, and all of the top 10 coins have come back to the green zone.
Top coins by CoinMarketCap
BTC/USD
Yesterday morning, the bearish pressure intensified and the correction continued toward the support of $ 58,000. The daily low was set at $58,100.
BTC/USD chart by TradingView
In the afternoon, sales volumes declined, and the Bitcoin price consolidated sideways. Until this morning, bears did not manage to test the support of $58,000, and the activity of buyers was sharply declining at the level of $59,500. This sideways trend may continue today.
If the bears manage to push through the strong support of $58,000, then the pair may drop to the level of $56,740. If the BTC price fixes above the $58,000 level, then a recovery to $62,000 is possible.
Bitcoin is trading at $61,348 at press time.
BNB/USD
Binance Coin (BNB) is looking stronger than Bitcoin (BTC) as the rate of the native exchange coin has risen by 6.14% over the past 24 hours.
BNB/USD chart by TradingView
Despite today's sharp rise, the ongoing growth of BNB may continue if the altcoin closes today above the $480 mark that reflects yesterday's open level.
In this case, there is a high chance to see the breakout of the resistance at $509.7. If that happens, the rise may continue to the zone around $550.
Binance Coin is trading at $484.4 at press time.
DOGE/USD
DOGE is the biggest gainer today as its rise has constituted 23% since yesterday.
DOGE/USD chart by Trading View
DOGE has almost touched the resistance at $0.3495, accompanied by the high trading volume. If the daily candle closes around this mark, bulls mifht continue the growth tomorrow. In another case, the coin keeps trading in a wide channel between the mentioned resistance and the support at $0.1940.
DOGE is trading at $0.3037 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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