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BTC, ETH, XRP, ADA, BNB, XLM and UNI Price Analysis for March 11

source-logo  u.today 11 March 2021 17:29, UTC
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Nearing the end of the week, most of the coins are in the red zone.

Top 10 coins by CoinMarketCap

The vital data for Bitcoin ($BTC), Ethereum ($ETH), $XRP, Binance Coin ($BNB), Stellar ($XLM), Cardano ($ADA) and $UNI:

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin

$BTC

$1,060,520,570,905 $56,356.77 $56,607,109,072 0.33%

Ethereum

$ETH

$208,201,180,978 $1,792.21 $24,281,945,222 -2.46%

$XRP

$XRP

$20,745,056,449 $0.4518 $3,130,804,425 -4%

Binance Coin

$BNB

$47,346,864,776 $291.29 $4,283,459,362 2.38%

Stellar

$XLM

$9,194,323,663 $0.4027 $869,504,687 -3.78%

Cardano

$ADA

$36,070,297,347 $1.12 $3,734,146,989 -4.91%

Uniswap

$UNI

$16,366,977,058 $30.72 $704,351,678 -4.01%

$BTC/USD

Bitcoin ($BTC) could withstand the short-term bearish wave and remain to trade in the green zone. The price change since yesterday is +0.33%.

<span class=$BTC/USD chart by TradingVie" src="https://cnews24.ru/uploads/3fc/3fc0b011bbd3c69efd0ef4216605c0ba3f2cb253.png" size="736x373">

Bitcoin ($BTC) is slightly approaching the vital $60,000 mark  and there are quite high chances of reaching it as the bulls have accumulated enough power for a price blast.

Bitcoin is trading at $56,440 at press time.

$ETH/USD

Ethereum ($ETH) could not follow Bitcoin ($BTC), and the rate of the chief altcoin has dropped by 2.46%.

<span class=$ETH/USD chart by TradingView" src="https://cnews24.ru/uploads/c01/c0180e794547f7f72b1c1dd23923acac6521c69f.png" size="736x372">

Despite the decline, the long-term scenario remains bullish as $ETH is trading above the vital level of $1,700. If buyers keep dominating, there are high chances of seeing a retest of the resistance at around $2,000 next week.

Ethereum is trading at $1,805 at press time.

$XRP/USD

The rate of $XRP has gone down much deeper than that of Bitcoin ($BTC) or Ethereum ($ETH). The price change is -4%.

<span class=$XRP/USD chart by TradingView" src="https://cnews24.ru/uploads/952/952e963c141b0a003d1c896da9196eb694c03eb9.png" size="736x369">

$XRP is not an exception to the rule, as it has successfully bounced off the daily MA 50, which has confirmed the power for a retest of $0.50, most likely next week.

$XRP is trading at $0.4537 at press time.

$ADA/USD

Cardano ($ADA) is the biggest loser today. Its price has decreased by 4.91% since yesterday.

<span class=$ADA/USD chart by TradingView" src="https://cnews24.ru/uploads/f39/f394603c8eadf0b1e56a4b7630b7319afb54c6d6.png" size="736x368">

From the technical point of view, Cardano ($ADA) has accumulated the strength for a sharp move. If bulls keep the level of $1.11, there are chances for a retest of $1.33.

Cardano is trading at $1.12 at press time.

$BNB/USD

Binance Coin ($BNB) is the top gainer today. The rate of the native exchange token has increased by 2%.

<span class=$BNB/USD chart by TradingView" src="https://cnews24.ru/uploads/efc/efc88245fbc7bf1a056d4cf7a96f033819b7be1e.png" size="736x371">

Binance Coin ($BNB) has broken the resistance at $282, having confirmed the bullish trend. However, at the moment, the asset needs to accumulate some time in the range of $300-$320 to keep the growth.

Binance Coin is trading at $293 at press time.

$XLM/USD

Stellar ($XLM) is also located in a short-term downtrend since yesterday. The drop is 3.78%.

<span class=$XLM/USD chart by TradingView" src="https://cnews24.ru/uploads/74c/74c65fe574a80887819017316c963ea3b3d17c28.png" size="736x370">

Stellar ($XLM) is trading similar to $XRP as the coin is still trading above the MA 50 level. If selling volume remains low, the resistance at $0.46 might be tested next week.

Stellar is trading at $0.4049 at press time.

$UNI/USD

Uniswap ($UNI) has failed to keep the growth as the drop is around 4%.

<span class=$UNI/USD chart by TradingView" src="https://cnews24.ru/uploads/715/715890dd73dd56e7a633b17fe6c11bec536c3018.png" size="736x371">

At the moment, neither bulls nor bears are controlling the situation. However, if bulls remain above the vital $28 level, the resistance at $35 may be tested soon.

$UNI is trading at $31 at press time.

u.today