Cloud Hosting

Bulls mayhave seized the initiative today as almost all coins are trading in the green zone.

Top coins by CoinMarketCap

Bitcoin (BTC) has shownsignificant growth over the last 24 hours, rising by almost 5%.

BTC/USD chart by TradingView

However, the main crypto remains trading in the range, gathering energy for afurther move. Today's rise has been supported byhigh volumes, which means that buyers are ready to hold the rate above the vital $40,000. If they can do that, there is a chance to see the growth to the resistance level at $45,400. But it maytake a few weeks for this scenario to come true.

Bitcoin is trading at $40,528 at press time.

Ethereum (ETH) has even outperformed Bitcoin (BTC), rocketing by 5.58% since yesterday.

ETH/USD chart by TradingView

Despite the sharp growth, Ethereum (ETH) has not accumulated enough energy for agrowth or decline. From another point of view, the buying volume is going up, which implies aslight advantageof bulls over bears. If buyers can hold the rate of ETH above the zone of the most liquidity at $2,650, there is a possibility to see arise to the $3,000 mark.

Ethereum is trading at $2,684 at press time.

Cardano (ADA) is not an exception tothe rule, rising by 2.46%.

ADA/USD chart by Trading View

Analyzing the daily time frame, the price is located closer to the support level than to the resistance, which means that bears remain more powerful than bulls in the mid-term. From another point of view, the buying trading volume has increased, confirmingbulls' power.

If the rate can hold above $0.80, one can expectslow growth to the zone around $0.90 until the end of the week.

ADA is trading at $0.821 at press time.

Binance Coin (BNB) has gained morethan Cardano (ADA) as the growth of the native exchange coin has made up 3.11%.

BNB/USD chart by TradingView

Binance Coin (BNB) has bounced off the zone of the most liquidity at $370 that serves the support. Even thoughthe price is located in awide range, bulls are showing their power. If the daily candle closes in the area of $380 with no long wicks, buyers have the chanceto come back to the rate of$400 shortly.

BNB is trading at $378.7 at press time.

Avalanche (AVAX) has risen by 4.14% over the past 24 hours.

AVAX/USD chart by TradingView

Avalanche (AVAX) could not show the same performance as BNB as it is far away from its resistance level. Buyers are trying to hold the rate above the $70 mark;however, the trading volume is going down. If the bears keep their pressure, one can see the price of the altcoin around the support at $64 shortly.

AVAX is trading at $70.83 at press time.

Original post:
Is the altcoin market more powerful than Bitcoin (BTC)? - FXStreet