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The rates of most of the coins have blasted, according to the CoinMarketCap ranking.
Top coins by CoinMarketCap
The rate of Bitcoin (BTC) has increased by 2.23% over the last 24 hours.
Image by TradingView
On the daily chart, the price of BTC is trading near the resistance at $31,500. If the bar closes near it or even above it, the accumulated energy might be enough for a breakout, followed by a blast to the $32,000 zone and above.
Bitcoin is trading at $31,261 at press time.
Cardano (ADA) is one of the biggest gainers today, rising by 20%.
Image by TradingView
On the daily time frame, the rate of Cardano (ADA) has made a false breakout of yesterday's peak at $0.3673. If the closure happens far from that mark, traders may witness a correction to the $0.32-$0.34 area soon.
ADA is trading at $0.3478 at press time.
The price of TRX has risen by 5% since yesterday.
Image by TradingView
Yesterday's candle confirmed the buyers' pressure as it closed above the zone of $0.08. If buyers hold the initiative, the upward move will continue to the nearest resistance level at $0.08580.
TRX is trading at $0.08209 at press time.
MATIC is not an exception to the rule, rising by 11%.
Image by TradingView
From the technical point of view, the rate of MATIC might face a local correction as the altcoin needs to get more energy for further growth.
In this regard, traders are likely to see a drop to the $0.80 area within the next few days.
MATIC is trading at $0.8459 at press time.
Litecoin (LTC) is one of the smallest gainers with growth of 1.65%.
Image by TradingView
Despite yesterday's rise, the rate of Litecoin (LTC) has not accumulated enough energy for midterm growth. The low volume confirms such a statement. Respectively, ongoing consolidation in the range of $95-$105 is the more likely scenario.
LTC is trading at $101 at press time.
The rate of Solana (SOL) has blasted by 26% over the last 24 hours.
Image by TradingView
On the daily chart, the rate of SOL has fixed above the resistance at $26.80. If bulls hold the price above that mark, the growth may lead to the test of the $35-$40 zone by the end of the month.
SOL is trading at $28.31 at press time.
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
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