Most cryptos were trading sideways during the last 24 hours as they remained within various price regions. Leading the charge is the firstborn coin, Bitcoin with the alts falling in place.
Trading actions during the next 24 hours is blurry but looks promising as some coin enjoyed a little price surge a few minutes before press time. Here is the market outlook for today;
BTC
Bitcoin traded above $56k as was predicted in the preceding market outlook. Bitcoin saw a high of $57,958 as it gained more than 2% in the last 24 hours.
As of press time, BTC is trading a little above $56,300. A few minutes to the time of writing, cryptos largest coin tested $58k but failed to break it. The next 24 hours will see the bulls re-attempt to flip the $58k resistance and will succeed if they can sustain prices at sub-$58k.
The sellers will mount increased pressure on various supports within the $56k-$57k region. If the bears succeed in flipping $56k, warding off further attacks on $58k would be achieved as the buyers will only concentrate on pumping prices back to $57,000.
DOGE
The fifth coin by market cap enjoyed its fair share of price surges yesterday. DOGE Godfather did it again as he hinted to Tesla possibly accepting Dogecoin as payment for its services.
In an analysis earlier this week, the analyst hinted at a possible breakout above $0.5. Elon Musk tweet took DOGE to trade above $0.5 as it recorded an intraday high of $0.52.
In the next 24 hours, the two factions of traders will be locked in a battle for dominance as the right-wing traders will struggle to keep prices above $0.5 and the left will be more delighted to dogecoin trading as low as $0.46.
ADA
Cardano surged as high as $1.81; a few pennies more and ADA will have an all-time high. Commenting on cardano all-time high and analyst said that the coin may be worth $2 at the end of the month.
ADA edges closer to this goal as it increased by 4.8% in the last 24 hours. The next 24 hours will see the seventh coin by market trade between $1.73 and $1.79.
Some cryptocurrency surged a few minutes to the time of writing leaving many worrying about the next price actions. All eyes on the price
