Have altcoins gained enough power to stand up against Bitcoin (BTC)?
The weekend has begun with a neutral mood on the cryptocurrency market as some coins are in the red zone, while others keep growing.
BTC / USD
Bitcoin (BTC) is the only coin down on our list. The main crypto’s rate fell 0.18% in the past day.
Bitcoin (BTC) could not stay above the vital level at $64,300, which means that bears have seized the initiative. Trade volume also increased, confirming pressure from sellers. In this case, the more likely price action is the test of the liquidity zone around $62,000, where a reversal is possible.
Bitcoin is trading at $ 63,585 at the time of publication.
ETH/USD
Ethereum (ETH) is looking much stronger than BTC, going up by 0.37% over the past 24 hours.
Despite the rise, Etheruem (ETH) may need more power to maintain growth as buyers failed to establish a new peak. Currently, the main altcoin is trading in a range between the resistance at $4,842 and the support at $4,375.
If the pressure from sellers continues, we can expect support to rebound by the end of next week.
Ethereum is trading at $4,608 at press time.
BNB / USD
Binance Coin (BNB) is the biggest winner on the list today, as its rate rose 2.36%.
Binance Coin (BNB) seems to still have the strength to keep the rise going, as it remains trading above the crucial level of $600. However, at the moment sideways trading prevails as the native trading coin is located in a wide channel. If bulls break the resistance at $669 and fix above it, the rise may continue to $700.
BNB is trading at $ 634.50 at time of publication.
