Even if Thursday started with a correction, the bulls could take the initiative. As a result, the majority of the top 10 coins are in the red.
Top coins from CoinMarketCap
BTC / USD
Bitcoin (BTC) is trying to fix above the all-important $ 40,000 mark and is up 2.20% since yesterday.
TradingView’s BTC / USD chart
Bitcoin (BTC) looks bullish on the medium-term projection as bears were unable to keep the price above $ 40,000. In terms of future price action, the chief crypto has amassed enough strength to continue rising to the next resistance level at around $ 45,000.
The weakness of the sellers is also supported by the low trading volume.
Bitcoin is trading at $ 40,269 at press time.
BNB / USD
The price of Binance Coin (BNB) has surpassed that of Bitcoin (BTC), increasing by almost 3%.
TradingView’s BNB / USD chart
Binance Coin (BNB) is no exception to the rule as the further increase is also the more likely scenario for the native Exchange Coin. The low volume of purchases could be the only obstacle. In that regard, bears could show their strength in the $ 430 area. Such a price promotion is relevant until the end of the week.
Binance Coin is trading at $ 382 at press time.
DOGE / USD
DOGE has not followed the rise in Bitcoin (BTC) and Binance Coin (BNB) with a rate change of -1.57% since yesterday.
DOGE / USD chart from TradingView
Despite today’s drop in prices, there is little chance that DOGE will decline further. Currently, the popular altcoin is in the zone where most of the liquidity is concentrated. If the bulls can hold the price above $ 0.30, the next target of $ 0.45 could be hit within the next few days.
DOGE is trading at $ 0.3418 at press time.
DOT / USD
Polkadot (DOT) managed to show good price action and is up 6% in the past 24 hours.
TradingView’s DOT / USD chart
Polkadot (DOT) is following the Binance Coin (BNB) chart as the current growth is not accompanied by a large volume of sales, which confirms the weakness of the bears. Even if the price is not far from the highs, the next level at $ 32 – which is where most of the liquidity is concentrated – could be reached shortly.
Polkadot is trading at $ 23.89 at press time.
UNI / USD
Uniswap (UNI) is the biggest winner today, soaring 15%.
UNI / USD chart from TradingView
Despite the sustained spike, in the short-term scenario bears could take the initiative as the spike is not accompanied by trading volume. Because of this, there is a possibility of anticipating a false breakout of the $ 32 zone.
UNI is trading at $ 29.60 at press time.
BCH / USD
Bitcoin Cash (BCH) is the second biggest winner today, up 7.11%.
TradingView’s BCH / USD chart
Bitcoin Cash (BCH) spike may take to hit the $ 933 mark: the so-called mirror level at which a correction is possible. The low trading volume is another reason for a false breakout.
Bitcoin Cash is trading at $ 774 at press time.