Which altcoin can show the highest growth compared to Bitcoin (BTC)?
The market keeps booming as all of the top 10 coins remain trading in the green zone.
BTC/USD
Yesterday, buyers tried to form a strong bullish momentum to break through the strong resistance at $58,000. The daily maximum was recorded in the area of $58,930, but the Bitcoin (BTC) price was unable to gain a foothold above the key resistance and returned to the area of yesterday’s low this morning.
The rollback is not over yet and, during the day, it may continue to the area of the two-hour EMA55. If this moving average fails to stop the decline, then most likely today one will not be able to observe the recovery to the psychological level of $60,000.
So far, the BTC / USD pair has not left the downtrend channel of the local downtrend. If the average price level supports the pair, then by the end of the day a breakout above $ 60,000 is possible.
Bitcoin is trading at $58,937 at press time.
ETH / USD
Yesterday, the price of Ethereum (ETH) managed to gain a foothold above the $ 4,300 level and continue its ascent towards the $ 4,500.
The local maximum was set at the level of $4,508 tonight. A good signal to confirm the end of the downtrend can be a retest of the $4,800 level. In case buyers can fix above it, they have the chance to set a new peak and get to the vital mark of $5,000.
Ethereum is trading at $ 4,715 at time of publication.
BNB/USD
Binance Coin (BNB) has grown the least from the list. The rate of the native exchange coin has gone up by only 2.38% since yesterday.
Despite the relatively slow rise, Binance Coin (BNB) is approaching vital resistance at $ 669.30. Growth is supported by high trading volume, which means that a breakout can cause strong growth.
If that happens and BNB fixes above the green line, the levels of $700 and $800 can be attained soon.
BNB is trading at $ 632.20 at time of publication.
