Bulls continue to dominate the cryptocurrency market as all top 10 coins remain in the green.
Top Coins of CoinMarketCap
BTC / USD
Yesterday afternoon the bulls managed to intensify the rush and overcome the USD 40,000 resistance. The daily high was set at $ 41,050. At the end of the day, the purchase volume declined and the price fell below $ 40,000 again.
TradingView’s BTC / USD chart
Last night, buyers completely brought Bitcoin price back to yesterday’s high area, and today it is possible to move further up to the $ 42,500 level.
If buyers can increase volumes again, the price could consolidate above the 50% fibo level in the short term consolidation.
Bitcoin is trading at $ 40,286 at press time.
ETH / USD
Yesterday morning the Ethereum price consolidated around $ 2,500. After lunch, the purchase volume increased slightly and the pair tested the $ 2,600 level. At the end of the day, sellers pushed the price off the daily high and this morning the pair raised its weekly high to the $ 2,625 level.
With purchase volumes this small, it will be quite difficult for the price to get into the $ 2,800 range, but if the pair gains a foothold above the 4-hour EMA55 it can hit the psychological level of $ 3,000 in the second half of the week .
Ethereum is trading at $ 2,592 at press time.
ADA / USD
Cardano’s (ADA) rate is up 1.67% since yesterday.
TradingView’s ADA / USD chart
Despite today’s growth, the rise could continue as the altcoin settled above the support at $ 1.54. It is too early to ponder the new highs as the growth will not be accompanied by large trading volumes, which means bears could take the initiative in the $ 1.84 zone.
Cardano is trading at $ 1.5787 at press time.
BNB / USD
Binance Coin (BNB) is less of a winner than Cardano (ADA) as its price was unchanged on the last day.
TradingView’s BNB / USD chart
The native exchange coin is about to break the resistance level as there has been no reaction from the sellers after a false breakout. If that happens, there is a possibility that Binance (BNB) will soon return to the resistance at $ 426.
The NBB is trading at $ 269 at press time.
XLM / USD
Stellar (XLM) is the only coin from the list that trades in the red zone.
TradingView’s XLM / USD chart
At the moment, Stellar (XLM) is neither bearish nor bullish as it continues to trade in tight boundaries. However, the volume of trades sold is declining, meaning that approaching the resistance at $ 0.36 could provoke a breakout and further rise.
XLM is trading at $ 0.33 at press time.