E Point Perfect – Interesting and beneficial content

BTC, ADA, and BNB Price Analysis for July 13


article image

Denys Serhiichuk

Can the second part of July become bullish for the cryptocurrency market?

The cryptocurrency market is slightly recovering after the correction, with some of the coins returning to the red zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap


Bitcoin (BTC) could not come back above the $20,000 mark, going down by 1.59%.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

Despite the drop below $20,000, Bitcoin (BTC) has bounced off the local support level at $18,931. As long as the price is above it, bulls can hope for continued growth.


However, it might take some time as the leading crypto has not accumulated enough energy for the sharp move.

Bitcoin is trading at $19,473 at press time.


Cardano (ADA) is the biggest loser today, falling by almost 4%.

ADA/USD chart by Trading View
ADA/USD chart by Trading View

Analyzing the daily chart, Cardano (ADA) is under the bears’ pressure as the price has fallen below the support level at $0.4359. At the moment, one should pay attention to the area around $0.40, the breakout of which might lead to the continued drop of the altcoin. 

ADA is trading at $0.4199 at press time.


Binance Coin (BNB) has followed the decline of BTC, going down by 1.78%

BNB/USD chart by TradingView
BNB/USD chart by TradingView

From the technical point of view, BNB is more bearish than bullish as sellers have dropped the price below the support level at $230. Until the price is there, there is a possibility to see the test of the $200 zone within the next few days.

BNB is trading at $224.1 at press time.


Source link

Related posts

Cardano Founder Explains to User How Much ADA Bought with $5,000 in January 2021 Is Worth

Trademark Applications Cover NFTs, Investment Services, and More

Anon Wallets Move 185 Million XRP, Here’s What May Be Behind This

Crypto News Digest by U.Today

ADA and BNB Price Analysis for December 3

Shiba Inu’s BONE Squashes Official 230 Million Token Cap; Here’s What Happens Now