As a seasoned crypto investor with over five years of experience navigating the volatile waters of the digital asset market, I find myself cautiously optimistic after reviewing today’s market trends. The green zone reappearance, as reported by CoinStats, brings renewed hope for gains across various coins.
Some coins are coming back to the green zone, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) has increased by 1.11% over the past day.
Looking at the daily graph, Bitcoin’s price is on an upward trend following yesterday’s bearish finish. Yet, the bulls don’t seem to possess sufficient momentum for a medium-term surge just yet.
In this case, sideways trading in the area of $58,000-$60,000 is the more likely scenario.
Bitcoin is trading at $58,690 at press time.
ETH/USD
The price of Ethereum (ETH) is more bullish than BTC, going up by 2.35%.
Looking at its technical aspects, the price of Ethereum (ETH) is getting close to the resistance level of approximately $2,554. Should it manage to close above this point, there could be a breakthrough and potential movement towards the $2,700 price range.
Ethereum is trading at $2,519 at press time.
XRP/USD
The rate of XRP has risen by 0.49% over the last 24 hours.
Looking at the daily chart, it appears that XRP‘s price has attempted another breakout above the $0.5452 support level, which might not be sustained if the closing price is near its peak. If this trend continues, we could see a potential test of the $0.58 resistance level by the week’s end.
XRP is trading at $0.5578 at press time.
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2024-09-02 19:21