The recent bullish mood has been mixed with the bearish one that has arrived on the cryptocurrency market. Some coins from the Top 10 list have entered the red zone. Mainly, XRP is the top loser today, falling by 1.11% since yesterday.
The crucial data on Bitcoin Cash (BCH), Chainlink (LINK), Binance Coin (BNB) and Cardano (ADA) today:
|
Name |
Ticker |
Market Cap |
Price |
Volume (24h) |
Change (24h) |
|
Bitcoin Cash |
BCH |
$5,051,379,175 | $272.27 | $2,294,419,421 | -0.11% |
|
Chainlink |
LINK |
$4,809,403,404 | $12.38 | $1,484,803,076 | 3.41% |
|
Binance Coin |
BNB |
$4,423,859,920 | $30.63 | $495,707,480 | -0.23% |
|
Cardano |
ADA |
$3,400,177,573 | $0.109287 | $1,058,888,728 | -0.89% |
BCH/USD
Although the rate of Bitcoin Cash (BCH) has decreased since yesterday, it has gained 8.49% over the last week.
On the daily chart, Bitcoin Cash (BCH) has growth potential as the altcoin has successfully bounced off the support at $210. It is too early to consider the update of the peaks as there is not enough liquidity for that. However, the buying trading volume is going up, which supports upcoming growth. All in all, there is a possibility of seeing Bitcoin Cash (BCH) at the resistance around $340 by the beginning of Nov.
Bitcoin Cash is trading at $271.73 at press time.
LINK/USD
Chainlink (LINK) is the main gainer today from our list, as the rate of the altcoin has increased by 3.41% over the previous 24 hours.
Chainlink (LINK) is trading similarly to Bitcoin Cash (BCH). At the moment, the altcoin is approaching the first resistance at $12.90. In case buyers break it, there are chances to expect $14.78 soon. However, liquidity is low, which means that a new set of peaks is unlikely.
Chainlink is trading at $12.32 at press time.
BNB/USD
Binance Coin (BNB) is the least volatile cryptocurrency from our list over the last week. The price change has accounted for +1.44%.
On the daily time frame, Binance Coin (BNB) has been trading in the rising channel since the beginning of Sept. The trading volume remains at a relatively moderate level. However, the liquidity is not enough to update the peaks.
Currently, the sideways trend in the area of $31-$33 is the more likely price action as the coin needs to accumulate power to break the resistance at $34.
Binance Coin is trading at $30.50 at press time.
ADA/USD
Cardano (ADA) is the biggest loser today, as the coin has lost 0.89% since yesterday.
After a false breakout of the $0.08 support level, Cardano (ADA) keeps rising. The trading volume is moderate, which means that traders are accumulating the position before a sharp move. According to the technical analysis, continued growth is more likely than a fall, as most of the liquidity is focused around the resistance at $0.14. If Cardano (ADA) reaches that area, the retest of the recent local peak at $0.16 is just a matter of time.
ADA is trading at $0.1082 at press time.