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BTC, ADA and BNB Price Analysis for July 19

Tue, 07/19/2022 - 15:44
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Denys Serhiichuk
How long is market rise going to last?
BTC, ADA and BNB Price Analysis for July 19
Cover image via www.tradingview.com

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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The growth has continued on the cryptocurrency market as most of the top 10 coins remain trading in the green zone.

Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) is almost unchanged since yesterday; its price has risen by only 0.35%.

BTC/USD chart by TradingView

On the daily chart, Bitcoin (BTC) is fighting for the $22,400 level as its breakout may lead to a further rise. However, in case of bears' pressure and a return below $22,000, the local rise might be canceled. Such a scenario is relevant until the end of the current week.

Bitcoin is trading at $22,229 at press time.

BNB/USD

Binance Coin (BNB) has gained more than Bitcoin (BTC) as the native exchange coin has risen by 1%.

​BNB/USD chart by TradingView

Binance Coin (BNB) keeps setting new local peaks as yesterday's candle was bullish for the altcoin. If buyers can return the rate above the $265 mark by the end of the day, the test of the resistance level at $273 is just a matter of time.

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Sellers can seize the initiative only if the price drops below $250.

BNB is trading at $262.3 at press time.

ADA/USD

Cardano (ADA) is the biggest gainer from the list today, going up by 2.39%.

ADA/USD chart by Trading View

Cardano (ADA) has almost reached the important $0.50 mark on the daily chart. Buyers' power is also supported by increased volumes, which means that bulls are more powerful than bears at the moment. If $0.50 can be reached, one can expect a sharp pump soon.

ADA is trading at $0.4997 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 denys.serhiichuk@u.today.