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BTC, ADA, TRX, MATIC, LTC and SOL Price Analysis for July 14

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Fri, 14/07/2023 - 16:30
BTC, ADA, TRX, MATIC, LTC and SOL Price Analysis for July 14
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 rates of most of the coins have blasted, according to the CoinMarketCap ranking.

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Top 10 coins by CoinMarketCap

Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has increased by 2.23% over the last 24 hours.

BTC/USD chart by TradingView

Image by TradingView

On the daily chart, the price of BTC is trading near the resistance at $31,500. If the bar closes near it or even above it, the accumulated energy might be enough for a breakout, followed by a blast to the $32,000 zone and above.

Bitcoin is trading at $31,261 at press time.

ADA/USD

Cardano (ADA) is one of the biggest gainers today, rising by 20%.

ADA/USD chart by TradingView

Image by TradingView

On the daily time frame, the rate of Cardano (ADA) has made a false breakout of yesterday's peak at $0.3673. If the closure happens far from that mark, traders may witness a correction to the $0.32-$0.34 area soon.

ADA is trading at $0.3478 at press time.

TRX/USD

The price of TRX has risen by 5% since yesterday.

TRX/USD chart by TradingView

Image by TradingView

Yesterday's candle confirmed the buyers' pressure as it closed above the zone of $0.08. If buyers hold the initiative, the upward move will continue to the nearest resistance level at $0.08580.

TRX is trading at $0.08209 at press time.

MATIC/USD

MATIC is not an exception to the rule, rising by 11%.

MATIC/USD chart by TradingView

Image by TradingView

From the technical point of view, the rate of MATIC might face a local correction as the altcoin needs to get more energy for further growth.

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In this regard, traders are likely to see a drop to the $0.80 area within the next few days.

MATIC is trading at $0.8459 at press time.

LTC/USD

Litecoin (LTC) is one of the smallest gainers with growth of 1.65%.

LTC/USD chart by TradingView

Image by TradingView

Despite yesterday's rise, the rate of Litecoin (LTC) has not accumulated enough energy for midterm growth. The low volume confirms such a statement. Respectively, ongoing consolidation in the range of $95-$105 is the more likely scenario.

LTC is trading at $101 at press time.

SOL/USD

The rate of Solana (SOL) has blasted by 26% over the last 24 hours.

SOL/USD chart by Trading View

Image by TradingView

On the daily chart, the rate of SOL has fixed above the resistance at $26.80. If bulls hold the price above that mark, the growth may lead to the test of the $35-$40 zone by the end of the month.

SOL is trading at $28.31 at press time.

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