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Did most of the coins complete their correction before continuing to grow?

Cardano
By Joe Watson

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The new weekend has started with a sustained surge in the cryptocurrency market as all the top 10 coins are in the green zone.

Top 10 Coins from CoinMarketCap

BTC / USD

Last Saturday, Bitcoin (BTC) price consolidated above the two-hour EMA55, and buyers sought to continue the pair’s rebound. The trading volume was below average and the BTC price failed to break the resistance in the $ 56,600 area. At the end of the week, it returned to the EMA55 moving average.

BTCUSD

TradingView’s BTC / USD chart

If the pair is above average price levels, the rebound could continue to the USD 60,000 resistance.

If the bears push through the two-hour moving average support, the price will fall back to the orange level of $ 53,400.

Bitcoin is trading at $ 58,116 at press time.

ETH / USD

Ethereum (ETH) trades better than Bitcoin (BTC) as the main crypto is up almost 5%.

ETHUSD

TradingView’s ETH / USD chart

On the daily chart, Ethereum (ETH) is testing the liquidity zone around USD 1,800. Sales volume is currently low, which means that bulls could push the altcoin price to $ 1,950 soon.

Ethereum is trading at $ 1,770 at press time.

ADA / USD

Cardano (ADA) is also in the green zone, up 1.93% since yesterday.

ADAUSD

TradingView’s ADA / USD chart

From a technical point of view, Cardano (ADA) is not as optimistic as Ethereum (ETH) or Bitcoin (BTC). At the moment the altcoin is gathering strength for a future ascent. If bulls continue to trade above the MA 50, the next resistance at USD 1.46 may be reached shortly.

Cardano is trading at $ 1.20 at press time.

KLAY / USD

KLAY is the top winner on our list. It has increased by 13.20% in the last 24 hours.

KLAYUSD

KLAY / USD chart from TradingView

After testing the $ 8 mark, the altcoin has started gathering energy for continued growth. The volume of purchases is increasing, which means that the increase will continue.

KLAY is trading at $ 3.91 at press time.

UNI / USD

Uniswap (UNI) is no exception to the rule as the DeFi token’s growth is 3.20%.

UNIUSD

UNI / USD chart from TradingView

In the daily timeframe, the asset is trending sideways. Right now there is a chance the surge could hit the next vital level at $ 30.25.

UNI is trading at $ 28.50 at press time.

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