BTC/USD
The rate of Bitcoin (BTC) has gone up by 2.72% over the last 24 hours.
On the hourly chart, the price has broken the resistance level of $23,498. If bulls can hold the rate above that mark until the end of the day, the impulse may continue to the $24,000 zone tomorrow.
On the bigger time frame, the price is about to fix above the same resistance at $23,500. The volume is low, which means that sellers are not powerful enough to seize the initiative. If the candle fixes above the aforementioned mark, the accumulated energy might be enough for a move to the $25,000 zone.
A bullish situation is also on the weekly chart as the bar is about to close with no long wicks, which means that there is a high chance to see a continued rise. If that happens, the growth may lead to a test of the nearest resistance at $25,512.
ETH/USD
Ethereum (ETH) remains in the green zone, going up by 0.37% over the last 24 hours.
Despite the rise, the price has broken the local support level of $1,578. If buyers cannot return it to the channel, one can expect a further drop to the $1,550 zone shortly.
On the daily time frame, the rate is slowly approaching the support level at $1,533 against declining volume. Currently, one should pay attention to the interim level at $1,600, as it plays a key role in terms of further growth. If bulls fail to restore the price, the drop may lead to a test of the $1,480-$1,520 zone.
On the bigger time frame, the price is in the wide channel, which means that ongoing sideways trading in the range of $1,550-$1,650 is the more likely scenario.
DOGE/USD
DOGE is not an exception, rising by 2.75% over the last 24 hours.
On the local time frame, the price is located in the middle of the channel between the support at $0.08826 and the resistance at $0.091.
Any sharp moves are unlikely until the end of the day, meaning that sideways trading in the range of $0.089-$0.09 is the more likely scenario.
On the bigger chart, DOGE is trading near the resistance at $0.09343, trying to fix above the interim level zone at $0.90. If it manages to do that and a breakout occurs, traders might see the rate of DOGE around the $0.10 mark.
From the midterm point of view, DOGE is about to close far away from the resistance at $0.09343. If the situation does not change by the end of the day, DOGE might keep trading sideways, accumulating strength for a further move.
XRP/USD
The rate of XRP has almost not changed over the past week, falling by 0.25%.
On the hourly chart, the price of XRP has broken the support at $0.4086. At the moment, the daily closure plays an important role. If it happens below, traders may expect a decline to $0.40.
On the daily time frame, the rate is located in the middle of the channel, which means that neither side has seized the initiative yet. Respectively, sideways trading in the area of $0.41-$0.42 might continue next week.
On the weekly chart, the price has tested the mirror level at $0.4425, which serves as resistance. Despite the bounce back, XRP remains bullish while the rate is above the key level of $0.40.
However, if a breakout occurs, the drop may lead to a decline to the $0.38 mark.
