The cryptocurrency market remains in the bullish zone; however, this applies mostly to altcoins while Bitcoin (BTC) is trading sideways.
The main data for Ethereum (ETH), Chainlink (LINK) and Binance Coin (BNB) today:
|
Name
|
Ticker
|
Market Cap
|
Price
|
Volume (24h)
|
Change (24h)
|
|
Ethereum
|
ETH
|
$82,420,952,450 | $723.94 | $28,835,983,763 | 13.76% |
|
Chainlink
|
LINK
|
$4,898,180,983 | $12.24 | $2,404,710,343 | 15.27% |
|
Binance Coin
|
BNB
|
$5,064,702,601 | $35.09 | $650,952,328 | 7.83% |
ETH/USD
Before the end of last week, buyers were able to form a powerful bullish impulse and, on Sunday, the Ethereum (ETH) price broke through the resistance of $700, renewing the annual maximum around $715.
By the end of the day, the trading volume had decreased and the price had rolled back below the $680 mark. At night, however, buyers tried to restore the pair, returning it to the high zone by morning, having tested the $717 level.
If the bulls are able to continue the rise, they will test the upper boundary of the ascending channel; if sellers try to seize the initiative, they will push the ETH price back to the area of the four-hour moving average EMA55.
Ethereum is trading at $719.46 at press time.
LINK/USD
Chainlink (LINK) is the top gainer today from our list. The rate of the altcoin has rocketed by 15.27% over the last day.
Even though the rate of Chainlink (LINK) has significantly risen over the last day, it has not entered a long-term bullish trend. At the moment, bulls are fighting for the $12.55 mark.
The ongoing rise is supported by an increasing trading volume, which means that bulls have power for a move to the resistance of $16.42.
Chainlink is trading at $12.30 at press time.
BNB/USD
Binance Coin (BNB) gained the least today as the rate of the native exchange token has gone up by 7.83% since yesterday.
From the technical point of view, Binance Coin (BNB) needs to gain more power for growth as bulls have not accumulated enough yet. As the more likely scenario, the altcoin may locate in the range of $34.50-$36.60 for some time before it breaks $36.80.
Binance Coin is trading at $35.27 at press time.
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