BTC News: In this article, let’s make a detailed price analysis about BTC, BNB, ADA, DOGE and LTC and examine the possibilities in the coming weeks together.
Despite today’s rise, the price of Bitcoin (BTC) has dropped by 6% compared to last week. After an unexpected break of $32,190, it is returning to the main resistance zone. However, the daily trading volume of Bitcoin (BTC) is quite low, which means that it has not accumulated enough strength to rise, as investors have lost confidence.
However, if the whales manage to get their hands on it and raise it, it could offer a good chance to test the liquidity zone around $37,000 next week.
Binance Coin (BNB) has risen 2.58% in the last 24 hours to reach $300. Binance Coin (BNB) stabilizes above the critical $300 level. At the moment, a continued uptrend looks more likely than a downtrend. If the buying volume increases, the $340 level could be reached by the end of next week.
Cardano (ADA) is in a short-term growth zone, up 2.46%. Cardano (ADA) found support at $1.16 against low trading volume. However, ADA continues to trade in the falling channel which means whales have not shown strong support and taken control so far.
If a breakout occurs, there are chances of pushing the resistance near $1.40 soon.
ADA is currently trading at $1.17.
DOGE achieved its highest profit today with 9% profit since yesterday.
DOGE broke out of the resistance zone with no support at $0.20; however, its current price has not dropped so far. This could mean that DOGE investors are gathering strength for another attempt to break the level. If this happens, the next increase could continue to $0.25.
DOGE is currently trading at $0.18.
Litecoin (LTC) is making weaker progress than other cryptocurrencies on the list despite today’s 2% growth.
Litecoin (LTC) tested the resistance at $124.80. However, LTC failed to fix above the resistance. This means that the whales continue to control the market situation and try to retest the support at $105 in the next few days.
LTC is currently trading at $118.