The weekend has started with the dominance of bulls in the market.
BTC/USD
The rate of Bitcoin (BTC) has increased by 2.68% in the past day.
Bitcoin (BTC) has risen to the critical mark around $25,000 against low volume. For the time being, one needs to pay attention to the nearest resistance level of $24,676. If the candle closes near it, there are high chances of seeing another growth attempt next week.
Bitcoin is trading at $24,497 at press time.
ETH/USD
Ethereum (ETH) has risen even higher than Bitcoin (BTC) as the main altcoin has gained 5.46% in price.
Ethereum (ETH) has made a false breakout of $2,000 on the daily time frame. Currently, altcoins may need more time to accumulate strength for further growth. In this case, trading sideways in the range of $1,900-$2,000 is the more likely scenario for the next half of the month.
Ethereum is trading at $1,984 as of press time.
XRP/USD
XRP failed to follow the growth of Ethereum (ETH) and Bitcoin (BTC), which rose 1.82%.
Nothing significant has happened on the daily chart of XRP as the coin continues to trade sideways with neither bullish nor bearish signals. The bulls have a chance to seize the initiative when the rate reaches the $0.40 mark and settles above it.
At press time, XRP is trading at $0.3794.
ADA/USD
Cardano (ADA) has surpassed all previous coins on the list. The price has increased by 6.30% since yesterday.
Cardano (ADA) broke the $0.5472 resistance area, which confirmed the medium-term bull run. If buyers can hold the $0.56 mark, development could soon test the $0.60 area.
ADA is trading at $0.5601 at press time.
SOL/USD
Solana (SOL) has gained the highest value on the list today, an increase of nearly 7%.
From a technical perspective, Solana (SOL) is trading similar to Cardano (ADA) as the coin even broke the resistance level at $44.87. If the daily candle closes with no or short candles, the medium term growth could continue towards the $50 area.
As of press time, SOL is trading at $46.75.