RATE Group | Cardano and Ethereum Price Surge Alongside Bitcoin — Will XLM Follow?
89520
post-template-default,single,single-post,postid-89520,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Cardano and Ethereum Price Surge Alongside Bitcoin — Will XLM Follow?

29 May Cardano and Ethereum Price Surge Alongside Bitcoin — Will XLM Follow?

Posted at 17:53h in Bitcoin News by

The price of Bitcoin (BTC) has been trading in a defined range over the past weeks as the halving hype has passed. Bitcoin’s price action also led to increased volatility in altcoins and some of the smaller altcoins have been showing impressive strength. So far, Theta Token (THETA) and Band Protocol (BAND) have been heavy movers.

However, in the previous days, the larger cap altcoins have started to move up, with Cardano (ADA) and Ether (ETH) as the primary movers. As Bitcoin attempts to find a way back to $10,000, traders will closely watch to see if there is more to follow from these large cap altcoins.

Crypto market daily performance. Source: Coin360

Crypto market daily performance. Source: Coin360

Ether breaks through the $215 barrier

ETH USDT 1-day chart. Source: TradingView

ETH USDT 1-day chart. Source: TradingView

The daily chart is showing an evident compression between $195 and $215, which finally broke to the upside. Alongside that, the chart is also showing some critical metrics for further upward momentum.

Key indicators for bull or bear markets are the support…

Source link

Tags:
, , , , , ,