The last day of the week is likely to be bullish for the cryptocurrency market as most of the coins are in the green zone.
BTC/USD
The past week has been bullish for Bitcoin (BTC) as its rate has increased by 2.60%.
However, from a technical standpoint, the bulls could not seize the move to return to the medium term bullish trend. The price is situated between support at $39,573 and resistance at $45,478.
Sideways trading is also confirmed by low trading volume, which means there is little chance of seeing a sharp move in the next week. In this case, a more likely scenario is a continuation trend near the $42,000-$44,000 level.
Bitcoin is trading at $42,830 at press time.
ETH/USD
Ethereum (ETH) has gained over Bitcoin (BTC) with a gain of 6.19% over the past seven days.
The price recently settled near the $3,300 resistance area after the main altcoin made a false breakout of the $3,400 area. If the bulls are unable to seize the initiative and the bear pressure continues, a potential decline could take ETH to the $3,200 area early next week.
Ethereum is trading at $3,302 at press time.
XRP/USD
XRP is the only loser from the list today as its rate is down by 0.54%.
Despite the downside, XRP lies between support and resistance at $0.6520, which acts as an area of most liquidity at $0.84. If the price pulls back towards the $0.80 area, there are chances of a further increase to $0.84.
However, it is too early to think about that as growth is not supported by trading volume.
At press time, XRP is trading at $0.7747.
bnb/usd
Binance Coin (BNB) rate is almost unchanged since yesterday; However, there is an increase of 14% compared to the previous week.
Binance Coin (BNB) has successfully moved above the crucial level of $489. If the bulls can hold the gained initiative and trade volume picks up, the native exchange coin rate could keep rising in the zone of most liquidity next week around $520.
At press time, BNB is trading at $497.5.
ADA/USD
Cardano (ADA) is the biggest gainer from the list today, up 20% over the past seven days.
cardano[एडीए]has absorbed last week’s decline, which confirms that the bulls have power over the bears. Thus, the buying trade volume is going to increase. If the situation does not change and the rate remains at the $1.30 mark, the development may continue at the next level at $1.932 until the end of the month.
ADA is trading at $1.430 at press time.