Bitcoin (BTC)
Bitcoin is trading above $30,000 once again, after a brief dip below this level yesterday. The leading cryptocurrency is currently facing resistance at the 50-day moving average (MA), which is around $30,500. If BTC can break above this level, it could potentially rise to the next resistance level at $32,000.
Ethereum (ETH)
Ethereum is also trading higher today, and is currently above $2,000. The second largest cryptocurrency is facing resistance at the $2,100 level, but could potentially rise to $2,200 if it can break above this level.
Binance Coin (BNB)
Binance Coin is trading above $300 once again, after a brief dip below this level yesterday. The native token of the Binance exchange is currently facing resistance at the $320 level, but could potentially rise to $340 if it can break above this level.
Solana (SOL)
Solana is trading above $40 once again, after a brief dip below this level yesterday. The high-speed blockchain is currently facing resistance at the $42 level, but could potentially rise to $45 if it can break above this level.
XRP (XRP)
XRP is trading above $0.40 once again, after a brief dip below this level yesterday. The third largest cryptocurrency is currently facing resistance at the $0.42 level, but could potentially rise to $0.45 if it can break above this level.
TON (TON)
TON is trading above $1.60 once again, after a brief dip below this level yesterday. The native token of the Telegram blockchain is currently facing resistance at the $1.70 level, but could potentially rise to $1.80 if it can break above this level.
Dogecoin (DOGE)
Dogecoin is trading above $0.09 once again, after a brief dip below this level yesterday. The meme cryptocurrency is currently facing resistance at the $0.10 level, but could potentially rise to $0.11 if it can break above this level.
Cardano (ADA)
Cardano is trading above $0.50 once again, after a brief dip below this level yesterday. The third-generation blockchain is currently facing resistance at the $0.52 level, but could potentially rise to $0.55 if it can break above this level.
Avalanche (AVAX)
Avalanche is trading above $20 once again, after a brief dip below this level yesterday. The smart contract platform is currently facing resistance at the $21 level, but could potentially rise to $22 if it can break above this level.
Shiba Inu (SHIB)
Shiba Inu is trading above $0.000011 once again, after a brief dip below this level yesterday. The meme cryptocurrency is currently facing resistance at the $0.000012 level, but could potentially rise to $0.000013 if it can break above this level.
Overall, the cryptocurrency market is trading higher today. Bitcoin and Ethereum are both above $30,000 and $2,000, respectively. Binance Coin, Solana, XRP, TON, Dogecoin, Cardano, Avalanche, and Shiba Inu are all trading higher as well.
Kind regards S. de Vries.
