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BTC, ADA and BNB Price Analysis for August 7

Sun, 08/07/2022 - 13:25
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Denys Serhiichuk
Can popular altcoins keep rising faster than Bitcoin (BTC)?
BTC, ADA and BNB Price Analysis for August 7
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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On the last day of the week, bulls keep controlling the situation on the market.

Top coins by CoinMarketCap


The rate of Bitcoin (BTC) has declined by almost 3% over the last 7 days.

BTC/USD chart by TradingView

On the weekly chart, Bitcoin (BTC) has bounced off the mirror level at $22,400, confirming buyers' power. If the candle fixes above the $23,000 mark, there is a high chance to see a further rise to the nearest resistance level at $24,280 next week.

Bitcoin is trading at $23,090 at press time.


Binance Coin (BNB) has gained the most value on the list today, rocketing by 8.39%.

​BNB/USD chart by TradingView

Binance Coin (BNB) has continued the rise after the breakout of the vital $300 mark. At the moment, one needs to pay close attention to the $336 level. If bulls can fix the price above that point, there is a high possibility of a further rise to the $400 zone.

BNB is trading at $316.8 at press time.


Cardano (ADA) could not show the same performance as BNB, falling by 2% over the last week.

ADA/USD chart by Trading View

Despite the rise, Cardano (ADA) might need more time to get energy for a continued rise. if buyers can hold the rate above the $0.50 mark and the volume rises, one can expect a test of the resistance level at $0.5472 soon.

ADA is trading at $0.5167 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at