The bulls rolled back against the bears and took control of the market. Almost all of the top 10 coins are shown in green. Solana (SOL) is the only exception, as its price hasn’t budged since yesterday.
Bitcoin / US Dollar
During yesterday, Bitcoin (BTC) price consolidated in a narrow sideways range at $47,745. In the evening, sellers became more active and pushed the bitcoin price to a daily low of $46,900.
The lower prices made potential buyers less interested, and the volume gradually began to increase. Overnight, the pair hit a new high in October around $49,891. As of this morning, the bulls were unable to test the psychological level of $50,000.
If the activity of buyers does not decrease during the day, the price could briefly exceed $51,000.
Bitcoin is trading at $50,061 at press time.
Ada / Dollars
Cardano (ADA) is today’s smallest gainer, posting a growth of just 0.53% in the past 24 hours.
Analyzing the daily chart, Cardano (ADA) is not catching up with the other major coins, and continues to trade in the wide channel. At the moment, traders are amassing the power to explode prices. However, it is not clear whether buyers or sellers can seize the opportunity.
Only, if the ADA is fixed below $1.9, one can consider a bearish scenario.
ADA is trading at $2,193 at the time of writing.
BNB / USD
In contrast to the ADA, Binance Coin (BNB) is up 4.20% since yesterday.
Despite today’s rally, BNB is still accumulating strength, considering the low trading volume. If the buyers can break the $509 resistance and trade above it, there may be an opportunity for the bulls to push the cryptocurrency towards the vital $600 mark.
BNB is trading at $435.3 at the time of writing.