Top Trending Coins for Today, February 25: BTC, ETH, BNB, XRP, and ADA
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This week, the bearish pressure in the cryptocurrency market slightly outnumbers the bullish pressure. This seems to settle the prices of the different crypto markets at an equilibrium point. Bulls across the various markets need to reinforce their demand zones because of the aggressive bear market
Bitcoin (BTC)
The forces of supply and demand in the Bitcoin market were locked in a deadlock struggle between last week and this week, but the bull market later broke out, taking the price to $25,000. But the strong resistance later wears out the bullish pressure until the market turns in a bearish direction. The reactions of the bull market are setting the price, for now, at equilibrium. Buyers seek a support price level of $23,000. There is indecision in the market as none of the forces has put up a stronger force that could set the trend in a definite direction.
Current Price: $23,072
Market Capitalization: $444,903,712,171
Trading Volume: $19,101,493
Ethereum (ETH)
The Ethereum market moves between the $1492 and $1725 price zones. The bulls are putting pressure on the market, but they cannot break out of the sideways-ranging price channel. According to the Bollinger Bands indicator, the market does not yet have a clear direction: the price just keeps moving around the $1600 level. The Relative Strength Index (RSI) sentiment now slightly favors the sellers as the momument measurement now falls slightly below the midpoint. However, this is still not strong enough to turn the trend to the downside.
Current Price: $1,599
Market Capitalization: $195,787,901,263
Trading Volume: $6,122,979,032
Binance Coin (BNB)
For the past few days, the BNB market has endured continuous pressure from the supply line. They have kept a firm grip on the $311 price level, but now the bull market is yielding to pressure as the price slides below $300. The bear market is about to enter another price zone. The Bollinger Bands indicator shows signs that the general market direction is about to turn to the downside. And the Relative Strength Index line has fallen to level 45. However, it is very likely that the $300 support price level will abort the progress of the bearish price because we are already seeing a Doji candlestick pattern on the chart. That means a trend reversal is imminent.
Current Price: $301
Market Capitalization: $47,645,052,843
Trading Volume: $304,950,160
Cardano (ADA)
On February 14, the bull market began to advance the price from $0.356. The daily session on the 14th and 15th of February was well dominated by bulls, but despite that, the bullish price could not go beyond $0.420. Gradually, however, the bulls are succumbing to pressure and giving way to the downturn of the market. But, the bear market still needs to conquer the $0.356 price level to fully turn the market in its favor.
Current Price: $0.362
Market Capitalization: $12,562,446,780
Trading Volume: $277,436,755
Ripple (XRP)
The XRP market has been ranging sideways as a result of indecision since February 15. Initially, the bear market hits the bull’s brick wall at $0.368; from here, we see the bull market bouncing back. The resistance level has also shifted to $0.401, and because of this, it looks like the price will turn downward. Although according to the Relative Strength Index, the momentum is 43, which is in the sell zone, the bears must first break the demand line, which is at $0.369, before confirming a bearish trend.
Current Price: $0.376
Market Capitalization: $19,185,129,669
Trading Volume: $554,350,261
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