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According to CoinStats, most coins are on the verge of recovery.
BTC/USD
The price of Bitcoin (BTC) has increased by almost 1% in the last 24 hours.
Despite today’s slight increase, BTC remains bearish as the price is near the $64,032 support level. If there is no recovery, there is a possibility of a breakout followed by a move to the $63,000 zone.
At press time, Bitcoin is trading at $64,263.
ETH/USD
Ethereum (ETH) followed BTC’s rise and gained 0.7%.
From a technical perspective, ETH price is moving sideways, meaning that neither side is dominating, in which case a continued consolidation in the $3,450-$3,550 zone for the next few days is the more likely scenario.
Ethereum is trading at $3,504 at press time.
XRP/USD
XRP is no exception to the rule, with an increase of 0.43%.
A similar picture can be seen on the daily chart of XRP. Volatility is reduced, meaning that neither buyers nor sellers have taken the initiative. Overall, traders are not expected to experience strong ups or downs any time soon.
At press time, XRP is trading at $0.4871.
DOGE/USD
DOGE is one of the biggest gainers today with an increase of 2.22%.
On the daily chart, DOGE price is rising after yesterday’s bearish close. If the candle closes above $0.1257, the uptrend could continue to the resistance level of $0.12929 shortly.
At press time, DOGE is trading at $0.1251.
SHIB/USD
The price of SHIB has increased by 0.68% in the last 24 hours.
SHIB price is far from the major levels, however, if today’s bar closes above yesterday’s candle high, traders can expect a recovery to the $0.00001893 level next week.
SHIB is trading at $0.00001811 at press time.
USD/CHF
The price of Cardano (ADA) followed the rise of other coins and increased by 1.63%.
From a technical point of view, one should focus on today’s close in relation to yesterday’s high.
If this happens above this level, the accumulated energy may be sufficient to test the resistance level.
At press time, ADA is trading at $0.3887.
BNB/USD
The price of Binance Coin (BNB) has increased by 1.04%.
Despite today’s slight increase, BNB price remains bearish rather than bullish as it is near the $580 support level. If there is no recovery soon, expect a breakout followed by a downward move to the $570 area.
At press time, BNB is trading at $587.
About the author
Denys Serhiychuk
