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BTC, ETH, ADA, BNB and SOL Price Analysis for July 17

Mon, 07/17/2023 - 16:30
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Denys Serhiichuk
How long is correction of top coins going to last?
BTC, ETH, ADA, BNB and SOL Price Analysis for July 17
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The new week has started with a correction of the cryptocurrency market.

Top 10 coins by CoinMarketCap

Image by TradingView


The rate of Bitcoin (BTC) has fallen by 0.43% over the last 24 hours.

BTC/USD chart by TradingView

Image by TradingView

On the daily chart, the price of Bitcoin (BTC) has once again bounced off the important zone of $30,000. Until the rate is above that mark, there is a chance to see a local upward move.

AAVE Price Analysis for July 15

However, if the bar closes above that area, one can expect a support breakout, followed by a move to $29,000.

Bitcoin is trading at $30,259 at press time.


Ethereum (ETH) is more of a loser than Bitcoin (BTC), going down by 1.41%.

ETH/USD chart by TradingView

Image by TradingView

Ethereum (ETH) is fighting to stay above the mark of $1,900. If buyers can hold the initiative, traders are likely to see a move to the $1,960-$2,000 area by the end of the month.

Ethereum is trading at $1,911 at press time.


Cardano (ADA) is not an exception to the rule, falling by 2.64% since yesterday.

ADA/USD chart by TradingView

Image by TradingView

Despite the fall, the price of Cardano (ADA) has bounced back to the mirror level at $0.3049. At the moment, one should pay attention to the bar's closure. If it happens far from that mark, buyers might locally seize the initiative, which can lead to an upward move to the $0.33-$0.34 area.

ADA is trading at $0.3128 at press time.


The rate of Binance Coin (BNB) was followed by a drop of other coins, declining by 2.10%.

BNB/USD chart byTradingView

Image by TradingView

From the technical point of view, the rate of Binance Coin (BNB) is in the middle of the channel, accumulating energy for a further move. As none of the sides has seized the initiative, ongoing consolidation in the area of $240-$250 is the more likely scenario for the next few days.

BNB is trading at $243.9 at press time.


Solana (SOL) is the biggest loser today, falling by 4.59%.

SOL/USD chart by Trading View

Image by TradingView

Despite the fall, the rate of Solana (SOL) remains above the support level at $26.46. However, if a breakout happens, it might be a prerequisite for a continued drop to the $25 zone.

SOL is trading at $26.87 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