The last Sunday of 2021 is neither bullish nor bearish, as some currencies are still trading in the green zone, while others have entered the correction phase.
BTC / USD
Despite today’s slight drop, the rate of Bitcoin (BTC) has risen 6% over the past seven days.
Bitcoin (BTC) continues to trade in a channel, accumulating power for a possible bullish move. Until the rate stays above the $ 47,000 mark, the bulls control the situation in the market.
If buyers can fixate above the $ 50,000 vital area, there is a good chance of seeing BTC near the purple level at $ 53,300 through the end of the year.
Bitcoin is trading at $ 49,892 at press time.
ETH / USD
Although the rate of Ethereum (ETH) is practically unchanged since yesterday, its growth has not been that great compared to the price change of BTC.
Ethereum (ETH) is around the most liquid zone at $ 4,050. Sideways trade is also confirmed by low trade volume, which means that the main altcoin has not built up enough energy for a further sharp move.
All in all, the bulls could take the lead if they fix above the $ 4,200 zone. From another point of view, the bearish scenario may take effect if ETH returns to support at $ 3,700.
Ethereum is trading at $ 4,044 at press time.
BNB / USD
The Binance Coin (BNB) rate is down 1%, while the price change over the last week has accounted for + 1.50%.
Binance Coin (BNB) is trading similarly to Ethereum (ETH), as the native exchange currency is also in the wide channel with no clear bullish or bearish signals. If the rate sustains above $ 500, buyers can continue the slight increase to the nearest resistance area around $ 600. Such a scenario is relevant until the end of the current month. At the moment, the price is a long way from the support at $ 489, which is the crucial level for the bulls.
Binance Coin is trading at $ 542 at press time.
ADA / USD
Cardano (ADA) is the biggest winner on the list considering the weekly price change, with an increase of 12%.
Cardano (ADA) is closing in on resistance at $ 1,479 for the third time. If the bulls manage to break through and fix it above, the rally may continue to the zone closest to $ 2. However, such a scenario could happen in the coming weeks as buyers need to accumulate more strength for a further price rise.
ADA is trading at $ 1,437 at press time.