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Abstract:The market has slightly increased after a fall, and only some coins are in the red zone.
The market has slightly increased after a fall, and only some coins are in the red zone. Mainly, Solana (SOL) and Polkadot (DOT) remain under a bearish mood.
BTC/USD
Yesterday, buyers were able to break through the two-hour EMA55 resistance and restore the Bitcoin price above the POC line. The volumes decreased tonight, but the price continued to rise and came close to the 61.8% fibo level ($47,745).
It should be noted that the daily trading volumes were at an average level, and if bulls manage to increase the volumes, they may be able to break the $43,800 resistance.
ADA/USD
The rate of Cardano (ADA) has risen by 6.55% over the last 24 hours.
Cardano (ADA) has fixed above the $2.40 level, which means that bulls are trying to seize the initiative in the mid-term scenario. However, one may think about the trend reversal when ADA fixes above the vital $3 mark.
BNB/USD
Binance Coin (BNB) has gained less than Cardano (ADA), with growth accounting for 5.77%.
Despite the ongoing rise, Binance Coin (BNB) has not entered the long zone yet.
At the moment, one needs to pay close attention to the $456 level, where buyers have the chance to seize the initiative. If they manage to do that, the rise may continue to $500.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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