As a seasoned analyst with over a decade of experience in the cryptocurrency market, I find myself intrigued by today’s performance of the top 10 coins. Binance Coin (BNB) is leading the pack with a robust 6.08% gain, followed closely by Solana (SOL) and Cardano (ADA). Toncoin (TON), however, seems to be the odd one out today, shedding 0.75%.
Most of the coins from the top 10 list are again in the green area, according to CoinMarketCap.
BNB/USD
The price of Binance Coin (BNB) is one of the biggest gainers today, rocketing by 6.08%.
On the daily chart, the rate of BNB has continued to grow after yesterday’s bullish closure.
If purchasers maintain control over the market and prices stabilize near their current levels, it’s possible that the price may attempt to reach the potential resistance level of $603 before the month ends.
BNB is trading at $572.6 at press time.
SOL/USD
The rate of SOL is less of a gainer than BNB, going up by 1.37%.
Technically speaking, the current price increase of SOL may not be sustainable and a steady climb might not continue just yet. If the day’s trading ends significantly away from its highest point, it seems probable that we’ll see sideways movement within the $145 to $150 range instead.
SOL is trading at $146.10 at press time.
ADA/USD
Cardano (ADA) is not an exception to the rule, rising by 4.39%.
As a crypto investor, I find myself zeroing in on the next significant level at approximately $0.3451 on the daily chart. Should this level be breached, I anticipate potential growth that could take us into the $0.36 range relatively quickly.
ADA is trading at $0.3445 at press time.
TON/USD
Toncoin (TON) is the only falling coin from the list today, declining by 0.75%.
Compared to other cryptocurrencies, the trend for TON appears to be declining (bearish). If current conditions persist until the end of today, there’s a possibility that it may test its support level at around $6.381 by the end of the week.
TON is trading at $6.615 at press time.
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2024-08-20 18:36