BTC, ETH, XRP, SOL and MATIC Price Analysis for August 23

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BTC, ETH, XRP, SOL and MATIC Price Analysis for August 23
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Which altcoins can outperform BTC? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum XrpYoyo ANT159694954 nuonrg WillyWonkaXRP RippleXrpie

On the daily chart, Bitcoin has once again bounced off the $21,000 mark, confirming buyers' power. If the growth continues until the end of the day, there are chances to see the breakout of the recently formed local resistance level at $21,774.Ethereum has followed the growth of Bitcoin , going up by 4.37% since yesterday.. Until the rate is above it, bulls have a chance to seize the initiative for a midterm rise.

XRP is trading similar to Bitcoin as the coin is accumulating power for a local bounceback. In addition, the selling volume has declined, which means that bears are getting weaker. If bulls can hold the $0.34 mark, the upward move might be restored.Solana is not an exception to the rule, rising by 4%.

Solana is about to fix above the $36 mark. Currently, one needs to pay attention to that mark as the breakout of it can lead to a sharp rise to the next level area of $37. It may happen if today's candle closes with small or no wicks.MATIC is the biggest gainer today as the rate has rocketed by 4.56%.

MATIC has bounced off the $0.80 mark, which means that bears are not ready for a further drop. At the moment, $0.83 plays a key role in the continued rise. If bulls can conquer it, the breakout may lead to the resistance at 0.8448 soon.

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