Which cryptocurrencies have found their local resistance levels so far?
Most of the coins continue their bull run, according to the CoinMarketCap ranking.
BTC/USD
Bitcoin (BTC) has kept the rise after the breakout of the $24,000 level.
On the daily chart, Bitcoin (BTC) is trying to fix above the local resistance level at $24,280. If the leading crypto can do that until the end of the day, one can expect further growth to the next level at $25,400 shortly.
Bitcoin is trading at $24,459 at press time.
ETH/USD
Ethereum (ETH) has gained even more than Bitcoin (BTC), going up by 3.13%.
It seems that Ethereum (ETH) could not fix above the $1,900 zone on the first attempt. Currently, one needs to pay close attention to the $1,850 mark. If buyers can hold this level, there are high chances to see the retest of $1,900 and possible further growth to the vital mark of $2,000. Such a scenario is relevant until the end of the month.
Ethereum is trading at $1,898 at press time.
SOL/USD
Solana (SOL) is the biggest gainer from the list today, rocketing by 4% over the past 24 hours.
Solana (SOL) is again trying to break the resistance level at $44.87. The bulls’ power is also confirmed by the rising volume, which means that a breakout may occurr soon. If that happens, it can be the prerequsite for a sharp rise to the $50 zone.
SOL is trading at $43.99 at press time.
MATIC/USD
MATIC is the only falling coin today, going down by 0.46%.
From the technical point of view, MATIC is trading in a narrow range between the support at $0.8448 and the resistance at $0.9849. At the moment, the price is close to the upper level, which means that bulls are more powerful than bears. If the daily candle closes above $0.95, the test of the $1 mark is just a matter of time.
MATIC is trading at $0.933 at press time.
Source: https://u.today/btc-eth-sol-and-matic-price-analysis-for-august-11