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Cryptocurrency News Articles
Bears Remain More Powerful Than Bulls at the Beginning of the Week, According to CoinMarketCap
Dec 30, 2024 at 10:50 pm
The rate of Ethereum (ETH) has declined by 1.25% over the last 24 hours. On the daily chart, the price of the main altcoin is looking bearish.
The bears are still stronger than the bulls at the beginning of the week, according to CoinMarketCap.
ETH/USD
The price of Ethereum (ETH) has decreased by 1.25% during the last 24 hours.
On the daily chart, the price of the main altcoin is looking bearish. If the price continues to fall to the support of $3,304, the accumulated energy might be sufficient for a breakout, followed by a test of the $3,200 zone.
At press time, Ethereum is trading at $3,351.
SOL/USD
Solana (SOL) is experiencing more losses than Ethereum (ETH), falling by 2.76%.
From the technical point of view, the price of SOL is in the middle of the channel, between the support of $175.26 and the resistance of $201.98. However, if the daily bar closes around current prices, there is a chance to see a test of the $180 range soon.
At press time, SOL is trading at $189.95.
BNB/USD
Binance Coin (BNB) is also falling, decreasing by 2.12% since yesterday.
The price of BNB is approaching the support level of $682.68. If it breaks out, traders may witness a test of the $670 mark soon.
At press time, BNB is trading at $691.3.
ADA/USD
Cardano (ADA) is one of the biggest losers today, declining by 5.26%.
On the daily time frame, the price of ADA is breaking the support of $0.8507. If sellers' pressure continues, there is a chance to see the altcoin around the $0.80 zone.
At press time, ADA is trading at $0.8512.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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