Today marks the end of a trading week with a report of a slow, steady decline across the cryptocurrency market. Bitcoin (BTC) saw a 0.32% decline while Ethereum (ETH) took the biggest toll with a decrease of 0.79%. On the flip side, XRP performed the best, rising 0.70%. The other cryptocurrencies, Dogecoin (DOGE), Cardano (ADA), Binance Coin (BNB) and Solana (SOL) all experienced a drop.

At the time of writing, BTC is trading at $27,968, which is relatively unchanged since yesterday. The inadequate volume is further driving the ongoing consolidation in the current range of $27,500-28,500. If buyers are unable to take control of the market, a fall is anticipated to levels near $27,000. The story for ETH is more bearish as the rate has come back under sellers’ control, approaching the crucial $1,800-$1,850 zone.

XRP seems to be leading the recovery as it stands at $0.50777, however, further growth is only possible if buyers can establish a foothold in the $0.52 zone. DOGE has been under huge pressure this week, plummeting 8% and landing near the $0.08 area. As long as the bulls can maintain the price above this crucial level, the technicals are likely to rebound to the $0.090 level. Similarly, a decline of 0.58% has left Binance Coin (BNB) hovering dangerously close to $307.50 which may lead to a further test of key levels near $300. Lastly, Solana (SOL) has been notable for its decline as it stands a 1.27% lower than yesterday. If the prevailing market conditions continue, the rate of SOL is likely to drop to the $19.42 area.

Overall, the cryptocurrency market has remained timid throughout the week with the rate of Bitcoin (BTC) seeing only minor variations. On the more pessimistic side, Ethereum (ETH), Dogecoin (DOGE), Cardano (ADA), Binance Coin (BNB) and Solana (SOL) have been losing ground over the past few days, although None of the cryptocurrencies appears to be hitting extreme levels of volatility. Nevertheless, it will be interesting to observe whether the cryptomarket will break the trend in the upcoming business days.



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