Will today’s drop be followed by new peaks?

The market keeps rising after a slight correction in the morning. All top 10 coins are in the green.

Chart

Top 10 coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) is the second worst-performing coin on the list, having dropped 0.22 percent. 

BTCUSD

BTC/USD chart by TradingView

Despite a slight drop at the beginning of the day, Bitcoin (BTC) is looking bullish in the mid-term. 

Bulls have gained footing above $54,000 and are accumulating more power for the ongoing test of the nearest target at $56,600.

Bitcoin is trading at $54,386 at press time.

ETH/USD

Ethereum (ETH) is the best-performing coin today. The price of the chief altcoin has gone up by 4.45 percent over the last day.

ETHUSD

ETH/USD chart by TradingView

Ethereum (ETH) keeps setting new peaks every day, and the growth might not have reached the peak yet. The volatility is getting lower, which means that traders might expect one more bullish wave to the mark of $2,800.

Ethereum is trading at $2,683 at press time.

XRP/USD

XRP is the main loser today, going down by almost 3 percent.

XRPUSD

XRP/USD chart by TradingView

XRP is looking less bullish than Bitcoin (BTC) and Ethereum (ETH). Bears keep pushing the price of XRP down even though the trading volume is low. Bulls will get back on track if the daily candle closes above the mark of $1.33.

XRP is trading at $1.33 at press time.

ADA/USD

The price of Cardano (ADA) has remained the same since yesterday, rising by only 0.59 percent.

ADAUSD

ADA/USD chart by TradingView

Cardano (ADA) has retested the level of $1.33. However, bulls are showing strength, and the price has not gone much lower. The more likely scenario is that buyers will come back to another vital zone at around $1.40 within days.

ADA is trading at $1.29 at press time.

BCH/USD

The price of Bitcoin Cash (BCH) has gone up by 0.79 percent over the past 24 hours.

BCHUSD

BCH/USD chart by TradingView

Bitcoin Cash (BCH) is trading within the rising channel with no signals of a major drop. The selling volume is low, which means that the bullish trend has not ended yet. In this case, there are all chances of seeing BCH at $990 soon.

BCH is trading at $878 at press time.

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