Despite the ongoing correction, some cryptocurrencies may show growth. Cardano (ADA) is the top earner, up 15.87% since yesterday.
Bitcoin (BTC) has bounced off the $34,000 support, up 3.51% since yesterday.
Despite the correction, Bitcoin (BTC) did not break the falling channel, which means the bears are still in control of the market situation. Therefore, the purchase transaction volume is low. In this case, if the bulls fail to hold the $35,000 level, there are chances of a drop to $30,000 next week.
Bitcoin is trading at $35,423 at the time of writing.
XRP gained more than Bitcoin (BTC) with +5.91% price change.
XRP is facing similar price movements to Bitcoin (BTC) as the reversal is not supported by a large trading volume. As the $0.75 support has not been tested so far, there could be a drop to the support level soon.
In this case, the continued uptrend can be considered a correction after a sharp price drop.
XRP is trading at $0.87 at the time of writing.
Binance Coin (BNB) gained 3.67%.
Binance Coin (BNB) retested support at $296 on the daily chart. Until it continues to trade above this mark, the bulls will be stronger than the bears. If the buyers can fix above $350, resistance at $378 could be obtained soon.
Binance Coin is trading at $320 at the time of writing.
YFI / USD
Yearn.finance (YFI) showed further growth, up 6% in the last 24 hours.
On the daily timeframe, YFI is about to finish its fix. Sales transaction volume has decreased significantly. Therefore, the MACD indicator may turn green soon and confirm the continued bullish influence. If this happens, the DeFi coin could return to the critical $50,000 level in the next few days.
YFI is trading at $42,154 at the time of writing.
UNI / USD
Uniswap (UNI) rate has remained the same since yesterday.
Even though Uniswap’s (UNI) price change is only +0.27%, the altcoin continues to trade above the critically important $20. Currently, the horizontal range of $ 20 to $ 25 is a more likely scenario for the coming days, as neither the bulls nor the bears have yet taken the initiative.
UNI is trading at $24.7 at the time of writing.
DOGE is up 4.80% since yesterday.
DOGE is bullish rather than downward as its sales volume has fallen in the last few days. Thus, volatility has reduced to minimum levels, which means that there may be a sharp move soon. The more likely scenario is if the resistance rises at $0.34 next week.
DOGE is trading at $0.2975 at the time of writing.