The new week started with the continued rise of most digital assets. Bitcoin (BTC), ATH continues to refresh. Only XRP is traded in the red zone and is down 3.38% in the past 24 hours.
BTC / USD
Last weekend, Bitcoin (BTC) price broke the $ 40,000 resistance and tested the $ 41,000 level, but the bears did not allow the pair to gain a foothold above $ 40,000.
On Sunday night, sellers reversed the price to the two-hour EMA55 and moved closer to the $ 37,300 support, exceeding the average price level yesterday afternoon. Sales did not exceed the daily average and the decline stopped.
Today, Bitcoin (BTC) has hit a new high of $ 45,000, confirming the strength of the bulls. According to the chart, traders can expect a retest of the $ 42,000 mark before growth continues. In such a situation, there is a chance to see the main crypto trade around $ 50,000 by the end of the month.
Bitcoin was being traded at $ 43,677 at the time of writing.
ADA / USD
The Cardano (ADA) rate has risen slightly since yesterday as the price change was only 1.19%.
In the 4H time frame, Cardano (ADA) needs energy to keep rising based on the long wick. In this case, a more likely scenario for horizontal trading in the $ 0.62 – $ 0.70 range for the next few days.
Cardano is trading at $ 0.68 at the time of writing.
BNB / USD
Binance Coin (BNB) grew larger than Cardano (ADA) because the rise accounted for almost 5%.
Technically, Binance Coin (BNB) looks similar to Cardano (ADA) in that it needs strength for continued growth. In this context, as a result of the bounce from the $ 69.70 support, an uptrend may occur in the short term.
Binance Coin is trading at $ 74.64 at the time of writing.
XLM / USD
Stellar (XLM) is the only cryptocurrency on our list that is in the bearish zone. However, its long-term projection is on the rise as it is about to break vital resistance at $ 0.44.
Stellar continues to be traded on the rising channel, which means the bulls cannot seize the initiative. Therefore, if buyers break the $ 0.44 mark, a vital $ 0.50 can be reached soon.
Stellar was trading at $ 0.3968 at the time of writing.
AAVE / USD
AAVE was among the biggest winners today, as it has risen by 14% since yesterday.
Despite today’s sharp growth, there is hardly any power left for the bulls to continue the rise. As a result, trading in a wide range of $ 400 to $ 550 is more likely price action in the coming days. This time around buyers need to gather strength for continued growth.
AAVE was trading at $ 504.95 at the time of print.