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BNB Price Surges Like Never Before, ADA and LTC Price Follow the Suit

Surrounding the Bitcoin price rally and Ethereum price rally, some of the assets like BNB price, LTC price, and ADA price…

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The entire crypto space appears to be self-assured with the uptrend as the majority of the cryptocurrencies experience a decent spike in their price. The top 2 cryptos Bitcoin and Ethereum have bashed the upper barriers and heading strongly towards the next set target amid the current bull run.

The global market capitalization, however, remains above $1 trillion and if the bull run accelerates, it may hit the milestone of $2 trillion also. Surrounding the Bitcoin price rally and Ethereum price rally, some of the assets like BNB price, LTC price, and ADA price which are within the top 10 cryptos follow suit.

Binance Coin(BNB) price jumps more than 20% BNB price

The Binance Coin price, the native currency of the world’s most popular cryptocurrency exchange Binance, has spiked offlet. The price rose like a monster in the past couple of days, doubling the price which was trading around $40.

One of the major reasons speculated behind the massive surge is the smooth running and increased activity on the Binance Smart Chain(BSC). The transactions on the BSC has hit a new highs which was tweeted by Binance CEO Changpang Zhao.

The BNB price at the time of writing is $70.90 with a massive jump of 30.01% in the last 24 hours. The trading volume also increased nearly 86.9% attaining $1,904,251,635 and the market capitalization also rose nearly 22.44% touching $10,957,015,920.

Technical Specifications

  • The BNB price is trending around its current ATH and hence resistance levels are hard to interpret
  • The support levels are formed at $64, if failed to stand, the next levels are formed at $50
  • The indicators point out towards a ‘buy’ signal

Cardano(ADA) Price Surges More than 11% ADA price

The Cardano price rallied high above $0.5 and sticking around these levels comfortably. Currently, the price is required to hold strong at the current levels so that the price can make out to the $0.6 levels with less efforts.

The ADA price at the time of writing is $0.5486 with a jump of 9.22% in the last 24 hours. The price if maintained the similar momentum may hit $1 very soon. With the surge, Cardano may even enter the top 5 cryptocurrency list as it just requires just 20% move to locate itself behind Bitcoin and Ethereum as said by founder of crypto capital venture Dan CCV.

Technical Specifications

  • The current resistance levels are formed at $0.6, later at $0.99 and finally close to the ATH at $1.33
  • The support levels are formed $0.4175
  • The indicators point out towards a ‘buy’ signal

Litecoin(LTC) Price Spikes More than 4% LTC Price

Litecoin price which showcased a strong intend to hit $200, is expected to attain the levels very soon. The LTC price chart has broke the 4hr-ascending triangle following a breakout from its falling wedge. Therefore, a breakout from the current levels may rally the price straight to $170.

The LTC price at the time of writing is $160.90 with a decent jump of 4.96% in the last 24-hours. According to a blockchain and crypto analysts yTedd has predicted that very soon, the LTC price will be more than $200.

Technical Specifications

  • The current resistance levels are formed at $191
  • The support levels are formed at $124
  • Technical indicators point out towards a ‘strong buy’

Technical Specifications

Source: https://coinpedia.org/news/bnb-ada-ltc-price-surge/

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Coinpedia

Shiba Inu Price Plunge Hard! Should You Buy the Ongoing Dip?

Shiba Inu Price needs to climb back above $0.000007. If SHIB Price is able to break through this resistance, it will go on to the…

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Despite a recent drop in cryptocurrencies, Shiba Inu coin the meme-based cryptocurrency that has been dubbed a “Dogecoin killer” has not vanished. However, there are still certain roadblocks in the way of Shib Inu.

Many people believe that the SHIB coin’s rise is solely due to the community. However, there are other circumstances that may assist the cryptocurrency in gaining traction.

Shiba Inu will be getting a new dedicated exchange in the near future. ShibaSwap, a new decentralized cryptocurrency exchange (DEX) similar to UniSwap or PancakeSwap, will be more of coin exchange. The platform has apparently been operational for several weeks, but it is still undergoing testing to assure total security and transparency.

As of the present conditions, Shiba Inu price has dropped below a critical support level of $0.000007 and is headed for new lows of $0.00000630. If Shiba Inu breaks through the $0.00000630 support level, it will go to the $0.00000440 support level.

To acquire upside momentum in the near term, Shiba Inu needs to climb back above $0.000007. If Shiba Inu is able to break through this resistance, it will go on to the next level of resistance at $0.000008.

$1 For Shiba Inu Price?

Although the future for Shiba inu appears bleak, many experts and analysts have weighed in with their predictions. Market Realist outlined a strategy for Shib coin to hit the $1 level, which has long been a dream of Dogecoin enthusiasts. To reach $1, Shib coin would have to increase by 12,000,000%.

Every month since January, the coin has increased by around 2,000,000 percent. According to Market Realist, it might approach $1 by the end of 2021 if it continues to expand at this rate. Shiba’s price is expected to hit $0.000030 by June 2021 and could rise to $0.000048 by the end of the year, according to Wallet Investor.

As of the present conditions, Shiba Inu price has dropped below a critical support level of $0.000007 and is headed for new lows of $0.00000630. If Shiba Inu breaks through the $0.00000630 support level, it will go to the $0.00000440 support level.

Source: https://coinpedia.org/price-analysis/shiba-inu-price-plunge-hard/

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An Extreme Bullish Case Emerges For Ethereum Price, $6000 May Be On Cards!

The etheruem(ETH) price is attempting to follow a similar path and if it successfully mirrors previous rally, levels above $5000 is imminent

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Ethereum price rally

In the times when the Bitcoin price rally went into a passive mode and the Ethereum price rally intensified, many believed ETH may flip BTC someday. Moreover, the difference between the market caps was diminishing at a greater pace. This fueled the speculations of the asset spiking above $5000 soon.

However, the black Wednesday of May trembled the markets which were destabilized by a massive margin. ETH price was trading above $4000 and within no time slumped below $2000. Since then the price was in search of a bigger boost to recover the losses which are still missing at the press time.

Also Read: Bitcoin Price & Ethereum Price Initiates A Bearish Weekly Trade, What’s Next?

On the other hand, the price with the current day trend sets the field for a massive breakout. The price is on the verge of forming a ‘Cup and Handle’ pattern and hence expected to visit some lower levels. Nevertheless, later a notable breakout may follow the slump to escort the price.

A popular analyst, Shelby predicts the most bullish predictions and sees the price rallying above $6000 in the coming weeks.

Currently, the ETH bulls should come into action and uplift the price above the upper resistance levels around $2936. And in the meantime, a spike in the trading volume will also follow which will confirm the upside trajectory.

On the contrary, currently, the ethereum price manifests some signs of capitulation as the exchange inflows have seen a spike. However, this might be short-lived as the ETH price is poised to regain the lost positions and propel above $5000.

Also Read: Here’s When Cardano Price (ADA) & Ethereum (ETH) will Skyrocket!

Photo of Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Source: https://coinpedia.org/price-analysis/extreme-bullish-case-emerges-for-ethereum-eth-price/

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Coinpedia

ADA price may rise along with THETA, SAFEMOON pushed to a downtrend?

Cardano price rallies further with a bullish momentum, will it fall? THETA price climbs up the curve towards $10, might see a pullback anytime. SAFEMOON price drops, still stuck in a fluctuating phase.

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ADA Price Might Go Up the Curve

In the last week, the Cardano price had been trending in the cryptocurrency market, putting all feats to hit back the $2 mark. The price trend had been highly oscillating, plunging to as deep as $1.4 and hitting $1.87 in the coming hours. For the past few days, the price was fluctuating and struck at $1.88 but fell hopelessly. Currently some hulls have accumulated the line, and the price will possibly approach $2 once again today.

ADA

At the time of typing, the ADA price is at $1.533. In the early hours the price fell from $1.62 to $1.55. With a bullish candle in hand, the price was expected to surge, but it only fell deeper near $1.474. Currently it has surged from this point. If this proceeds, the price may hit $1.80 or above in the coming hours. However, if it fails to rally further, it might start dipping from there failing to touch a new ATH.

Technical Specifications

  • The resistance value is $ 1.688
  • The support value is $ 1.663
  • The indicators point out a sell signal.

THETA Price Advances With a Bullish Trend

The price movements for this token has been between $8 and $10. Trying to deviate from this channel, the price surged to $10.45 but fell back to $9.174 in the last couple of days. Currently, the price is soaring and set off towards a shift from this channel bypassing the $10 mark.

THETA

At the time of writing, the THETA price gradually lifted its head to $8.931. In the early hours it resumed yesterday’s bearish trend and was dipping rapidly. This happened in two phases, where it first fell to $8.595 and then to $8.369, with the aggravating selling pressure. Now, the movement flipped being bullish and might touch $10, if the bulls rally further. However, failing to do so, the price may dip from this point and sail back at $8.50.

Technical Specifications

  • The resistance value is $ 9.470
  • The support value is $ 9.075
  • The indicators point out a buy signal.

SAFEMOON Taking a Curve Away from the Moon

For the last couple of days, the SAFEMOON price is dripping slowly. Earlier today, the price survived the bearish storm and striked at $0.00000390 from $0.00000367. However, the momentum ceased and the price plunged deeper in segments, from there. Currently, SAFEMOON is still entangled in a downtrend and is moving downwards.

SAFE

At the time of typing, the SAFEMOON price is $0.000003596. For the past hours, it has been highly fluctuating between $0.00000345 and $0.00000375. At present the price is positioned downwards and may plunge further to $0.00000354. Following which the price may begin to oscillate within the range again.

Technical Specifications

  • The resistance value is $ 0.00000366
  • The support value is $ 0.00000352
  • The indicators point out a sell signal.

Also read: Safemoon price prediction, How high will the price hit by 2021?

The price movements for this token has been between $8 and $10. Trying to deviate from this channel, the price surged to $10.45 but fell back to $9.174 in the last couple of days. Currently, the price is soaring and set off towards a shift from this channel bypassing the $10 mark.

Source: https://coinpedia.org/price-analysis/ada-price-theta-and-safemoon-trends/

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