Bitcoin
Ethereum
Ripple
Litecoin
EOS
Cardano
Stellar
NEO
NEM
DigitalCash
Tether
Binance Coin
QTUM
Verge
Ontology
ZCash
Steem

BTC, ETH, XRP, ADA and BNB Price Analysis for August 3

0


The cryptocurrency market has started to rise after a few days of correction, turning most of the coins back into the green zone.

Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has risen by 1.35% over the last day.

BTC/USD chart by TradingView

On the daily chart, Bitcoin (BTC) has bounced off the $23,000 mark once again, which means that bulls are not ready to give up so easily. At the moment, the price is stuck in a narrow range against a declining volume. However, if buyers can come back to the $24,000 zone, the rise may continue to $25,000 until the end of the month.

Bitcoin is trading at $23,285 at press time.

ETH/USD

Ethereum (ETH) is gaining more than Bitcoin (BTC), going up by 1.66%.

ETH/USD chart by TradingView

From the technical point of view, Ethereum (ETH) is trading similar to BTC as bulls can hold the $1,600 mark. Despite today’s rise, the leading altcoin might not have accumulated enough power for a further mid-term rise.

In this case, sideways trading in the range of $1,600-$1,700 is the more likely scenario for the next days.

Ethereum is trading at $1,657 at press time.

XRP/USD

XRP is an exception to the rule, with a price change of -0.19%.

XRP/USD chart by TradingView

XRP is neither bullish nor bearish as the altcoin has not gathered enough strength yet. A further rise is possible only if the price fixes above the important mark of $0.40. The low volume also confirms the weakness of buyers and sellers.

XRP is trading at $0.3720 at press time.

BNB/USD

Binance Coin (BNB) is the biggest gainer from the list today, rocketing by 4.21%.

BNB/USD chart by TradingView

Binance coin (BNB) is again on the way to testing the $300 mark after a false breakout of $280. If buyers can hold the initiative until the end of the day, there are high chances to see a rise to the $320 zone shortly.

Binance Coin is trading at $294.9 at press time.

ADA/USD

Cardano (ADA) could not show such a rise as BNB, going up by only 1.88%.

ADA/USD chart by Trading View

Despite such a slight rise, Cardano (ADA) was able to break the $0.50 mark and is currently trading above it. If the daily candle closes above that mark, the upward move may continue to the nearest resistance level at $0.5457.

ADA is trading at $0.5085 at press time.



Read More: BTC, ETH, XRP, ADA and BNB Price Analysis for August 3

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Notice: Undefined variable: ub in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 650

Notice: Undefined variable: ub in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 659

Deprecated: strripos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 659

Notice: Undefined variable: ub in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 674

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.