Is there a chance of seeing continued growth in the market?
The bulls regained their positions somewhat; However, all the top ten coins remain in the red.
Bitcoin / US Dollar
Yesterday, the bearish pressure intensified and Bitcoin (BTC) price reached $42,447. The pair held above it for the rest of the day, but tonight, bullish momentum broke that support and bitcoin price set a fresh monthly low at $40,190.
By morning, the buyers regained the price above the $42,447 level, but it is not yet clear whether the pair will be able to stay above it. The Stoch RSI lines on the daily time frame have entered the oversold territory, but the recovery signal has not yet been formed, which means that a decline is possible.
If the bears continue to sell, one might expect a breakout of the $40,000 psychological mark and a monthly minimum renewal in the $39,840 region.
Bitcoin is trading at $42729 at press time.
ETH / USD
Yesterday, the bearish attack breached the psychological level of $3000, and tonight Ethereum (ETH) price tested the $2800 support.
In the morning, the pair rebounded above the $3,000 level, but it is difficult to continue the recovery today. If the sellers break the support level at $2,800, a new September low is expected around $2,620.
Ethereum is trading at $3,002 at press time.
XRP / US Dollar
XRP price breached the $0.90 support level yesterday afternoon, hitting a monthly low at $0.875. Overnight, it was updated to the $0.866 level.
At the moment, the price has rebounded from the lower zone above the $0.90 support. Buyers may try to continue the recovery this morning, but they have less chance of breaking above the psychological $1 level.
Before the end of the day, selling pressure may increase and the pair could continue falling to the $0.80 support level.
XRP is trading at $0.9288 at the time of writing.
BNB / USD
The price of Binance Coin (BNB) is almost unchanged since yesterday.
Binance coin (BNB) bounced off the support at $342 and is now trying to consolidate above that level. If the bulls hold in this area, there is a possibility of a return to the vital area around $400 by the end of the week.
BNB is trading at $367.4 at the time of writing.
Ada / Dollars
Technically, Cardano (ADA) trades similarly to Binance Coin (BNB).
Cardano (ADA) is still trading in a wide range as neither bulls nor bears are in control of the situation in a medium term scenario. Currently, altcoin is near the support at $1.90, and a breach of it could cause a sharp drop in the liquidity area at $1,324.
ADA is trading at $2.138 at the time of writing.
