As a seasoned researcher with a deep understanding of the cryptocurrency market, I have witnessed numerous price fluctuations and trends over the years. Today, according to CoinMarketCap, most coins are on an upward trend, but my experience tells me that we need to remain cautious.
Most of the coins keep rising, according to CoinMarketCap.
BTC/USD
The rate of Bitcoin (BTC) has risen by 0.68% over the last day.
Although BTC‘s value has surged today, it hasn’t managed to break through the crucial threshold of $70,000. If this trend persists until the end of the day, bears could regain control, potentially causing a slide down to $67,000.
Bitcoin is trading at $67,994 at press time.
ETH/USD
Ethereum (ETH) is the biggest gainer today, going up by almost 2%.
From a technical perspective, Ethereum’s price action resembles Bitcoin’s. If the daily closing price strays significantly from its high, investors could see a potential decline to approximately $3,200.
Ethereum is trading at $3,320 at press time.
XRP/USD
The price of XRP is unchanged since yesterday.
On a daily basis, XRP‘s trend appears bearish as it has repeatedly fallen short of surpassing the significant resistance level at $0.60. A potential further decline could push the price down to the support at $0.5805. If this level holds, there’s a possibility that the accumulated buying pressure may cause a bounce back up to the $0.56 zone.
XRP is trading at $0.5947 at press time.
Read More
- SOL PREDICTION. SOL cryptocurrency
- USD PHP PREDICTION
- BTC PREDICTION. BTC cryptocurrency
- USD COP PREDICTION
- TON PREDICTION. TON cryptocurrency
- Strongest Magic Types In Fairy Tail
- ENA PREDICTION. ENA cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- AAVE PREDICTION. AAVE cryptocurrency
- GLMR PREDICTION. GLMR cryptocurrency
2024-07-29 19:02