Bitcoin Price is currently consolidating heavily above $53,000 resistance levels and is expected to go high to test the $55,000 zone very soon
Ethereum Price moving perfectly along the trend line and approaching the crucial resistance zone
Cardano price since the recent sell-off is consolidating in a very narrow margin and hence the next leg up may be spontaneous
Bitcoin Price Could Form A Double Top
Bitcoin price broke the crucial resistance zone a couple of days before and headed towards the next levels close to $55,000. Woefully, the price did trade above these levels but very soon dumped below the region. However, the BTC price could retest the upper zone very soon as the buyers are entering the trade.
The price after the recent correction and rebound from the local support levels at $53,721, a double top pattern could be formed. And if the pattern becomes realistic, then sustaining above the major support levels could become extremely important. A breakdown from these levels can result in a substantial downtrend, or else a breakout could intensify the rally at double speed.
Ethereum Price May Go Beyond $3800 Soon
Ethereum price is currently heading towards the same resistance levels at $3667, after being rejected multiple times. The important part of the rally is to successfully surpass these levels and prevent a retest. And hence the probability of a substantial jump towards the target for the ETH price could be high.
There are collectively two possibilities for the upcoming price trend. Either the price breaks the upper resistance and marches high. Else it follows the ‘cup n handle’ pattern and experiences a notable dump before the next leg up. However, the price is programmed to range high towards the $4000 mark either now or after a small correction.
Cardano Price Awaits For An Elevated Voltality
Cardano price in recent times has failed to attract the trader’s focus at the activity and the traffic appears to have dropped considerably. The normal trading has however sustained the price above $2 that could be an indication of a healthy consolidation. The daily candles appear somewhat like a Doji candlestick, yet the next candle fails to pull a leg up in order to confirm the bullish reversal.
The ADA price is trending within a very small margin since the beginning of Q4 and awaits a major push. Also, the depleting volume which signifies the shift of focus of the traders is a little worrisome. Yet with the resumption of the bull run, the price could restart its previous uptrend and smash $2.5 initially and range towards its ATH above $3.
Collectively, the upcoming week could be more greener as the weekend could witness an explosion with the major crypto assets. Bitcoin(BTC) price, Ethereum (ETH) price and Cardano (ADA) price may break their barriers to propel high. However, the weekend always records amazing price movements, and therefore bullish market sentiments could fuel the uptrend.