Bitcoin (BTC) Price Analysis
Buyers are striving to maintain control at the start of the week according to CoinMarketCap ranking.
The price of Bitcoin (BTC) has risen by 0.76% in the last 24 hours.
Bitcoin (BTC) has once again rebounded from the $29,000 level. Despite this minor increase, it’s premature to make predictions. If the momentum continues towards $30,000 and Bitcoin stabilizes above this level, there’s potential for bullish action, pushing the value towards the $31,000 range.
Bitcoin is currently trading at $29,582.
Ethereum (ETH) Price Analysis
Ethereum (ETH) is lagging behind Bitcoin (BTC), with a modest 0.28% increase since yesterday.
Technically, Ethereum (ETH) is following a pattern similar to Bitcoin (BTC). Monitoring the daily close is crucial. A close without extended wicks could lead to a test of the $1,900 zone soon.
Ethereum is currently trading at $1,854.
XRP Price Analysis
XRP has also shown a 0.51% increase.
Despite today’s rise, XRP’s price remains distant from key levels, suggesting limited potential for significant movements. Buyers need to reclaim the $0.66 zone to gain initiative.
XRP is currently trading at $0.6317.
Binance Coin (BNB) Price Analysis
The price of Binance Coin (BNB) has risen by 0.24%.
Technically, Binance Coin (BNB) is positioned in the middle of a wide channel, indicating potential for a significant move. With no clear dominance, consolidation around the $240 mark is expected in the upcoming week.
BNB is currently trading at $240.9.
Cardano (ADA) Price Analysis
Cardano (ADA) has also witnessed a 0.22% increase.
Cardano’s (ADA) price movement resembles that of BNB, trading sideways. Continued consolidation between $0.2850-$0.2950 is probable for the next few days.
ADA is currently trading at $0.2919.
Solana (SOL) Price Analysis
The price of Solana (SOL) has risen by nearly 1% in the past day.
SOL’s price is approaching a test of the $25.21 resistance. A close near this level could lead to a breakout towards the $26 zone.
SOL is currently trading at $24.82.
BSCN is aiming to become the leading media coverage platform around the Binance Smart Chain Ecosystem. With a strong focus towards Content Quality, Decentralized platforms, Hot topics in the market, Informative and education sources and guidance in how to be more aware around unreliable crypto projects.
