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Home Altcoin

Can Bitcoin (BTC) remain the example for altcoins to follow?

by BitSmart.US
February 19, 2021
in Altcoin
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Bitcoin, Ethereum & Algorand – Asian Wrap 09 Feb
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Patrons hold dominating in the marketplace; nevertheless, not all cash from the highest 10 record are within the inexperienced zone.

Chart

High 10 cash by CoinMarketCap

BTC/USD

Patrons elevated their quantity yesterday morning and continued their bull run, setting the every day excessive across the $51,720 mark. After lunch, the amount of purchases decreased, however on the finish of the day, a brand new bullish impulse shaped. It up to date absolutely the value file of Bitcoin (BTC) to $52,640. On the identical time, the overall capitalization of the cryptocurrency market exceeded $1.5 trillion.

Chart

BTC/USD chart by TradingView

Progress stopped at night time and the BTC value consolidated in a slim sideways vary with assist at $52,000. It seems just like the bulls are going to proceed working into the $54,000 space this morning.

Bitcoin is buying and selling at $51,776 at press time.

ETH/USD

Yesterday morning, assist at $1,750 stopped the decline and reversed the Ethereum (ETH) value to restoration. Earlier than lunchtime, patrons managed to beat the resistance of $1,800, and on the finish of the day, they restored the pair to the zone of the latest most.

ETHUSD

ETH/USD chart by TradingView

Final night time, the Ethereum (ETH) value set a brand new absolute most at $1.918, and within the morning, it pulled again started, which might return the pair to the typical value space ($1,800).

 

If the two-hour EMA55 stops the decline, then earlier than the top of this week, the ETH/USD pair can have time to check the psychological degree of $2,000.

Ethereum is buying and selling at $1,916 at press time.

ADA/USD

Cardano (ADA) is the second-most rising coin right this moment. Its charge has gone up by 6% since yesterday.

Chart

ADA/USD chart by TradingView

On the every day chart, Cardano (ADA) is about to retest the resistance at $0.982. Thus, there are excessive possibilities for bulls to interrupt it as patrons hold dominating based mostly on the buying and selling quantity. On this case, the brand new excessive is perhaps across the degree of $1.10.

Cardano is buying and selling at $0.9343 at press time.

BNB/USD

Binance Coin (BNB) retains setting new peaks. The speed of the native trade token has rocketed by 33% over the previous 24 hours.

BNBUSD

BNB/USD chart by TradingView

From the technical viewpoint, Binance Coin (BNB) may face a short-term decline because the coin is overbought based on the worth of the RSI indicator. On this regard, the drop is feasible to the closest degree at $178.

Binance Coin is buying and selling at $191.86 at press time.

XLM/USD

The speed of Stellar (XLM) has risen barely since yesterday. The worth change has made up 1.16%.

XMLUSD

XLM/USD chart by TradingView

Stellar (XLM) could have completed the correction sufficient to maintain the expansion. Respectively, an increase is feasible to the earlier resistance degree at $0.60 throughout the nearest days.

Stellar is buying and selling at $0.4996 at press time.

DOGE/USD

DOGE is the one coin from the record that’s buying and selling within the pink zone.

DOGEUSD

DOGE/USD chart by TradingView

Though the speed of DOGE has gone down over the past day, it exhibits alerts of short-term development. Such a transfer is supported by the low promoting buying and selling quantity. If the expansion happens, DOGE could come again to $0.06 quickly.

DOGE is buying and selling at $0.051 at press time.



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