• Cryptocurrency prices rose late Wednesday as BNB, Cardano and Polygon looked to break key resistance areas.
• Stocks jumped as all the major US indices ended the day higher while Bitcoin bounced above $27,400 again.
• Other coins such as XRP, Dogecoin and Litecoin also saw gains in the market.
Crypto Prices Rise Late Wednesday
Crypto prices rose late Wednesday as BNB, Cardano and Polygon looked to break key resistance areas. Stocks jumped as all the major US indices ended the day higher while Bitcoin bounced above $27,400 again. Other coins such as XRP, Dogecoin and Litecoin also saw gains in the market.
US Stocks Close Higher
US stocks closed higher on Wednesday after reports emerged of positive progress from lawmakers with the Dow ending over 400 points up and the S&P 500 and Nasdaq both notching +1.2%.
Crypto Market Remains Flat
The cryptocurrency market remains largely flat today after a slow week for the broader market amid investor cautiousness on US debt-ceiling sentiment. At press time, Bitcoin (BTC) was changing hands just above $27,000, Ethereum (ETH) was at $1,824 and XRP (XRP), one of the best performers today among the top 10 cryptocurrencies traded near 45 cents.
Price Prediction for BNB, ADA & MATIC
Binance Coin (BNB) is trading at $314; however bulls need to break past $330-$350 range for fresh demand while bears could push it back down to below support at $300 if successful. Cardano (ADA) is trading above $0.37 with buyers needing to break past $0.40 in order to target its recent uptrend peak of $0.46; failure would see a decline towards support at $0.30 . Lastly Polygon (MATIC) is currently trading around$0.99 with bulls needing to break past its 20-day EMA ($1) and 50-day EMA ($1.02). If successful they can target highs of around$1.20 but a dip could take it back down towards support at $0.90 or lower if unsuccessful..
Conclusion
With crypto prices rising late Wednesday due to positive news from lawmakers regarding debt ceilings sentiment along with other coins such as XRP ,Dogecoin & Litecoin seeing gains too – investors should watch out for price predictions for BNB , ADA & MATIC before making any investments decisions .
