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BTC, ADA and BNB Price Analysis for July 19

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Tue, 19/07/2022 - 15:44
BTC, ADA and BNB Price Analysis for July 19
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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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.

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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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