Main navigation

BTC, ETH, and ADA Price Analysis for August 13

Price Predictions
Fri, 08/13/2021 - 15:44
article image
Denys Serhiichuk
Can Cardano (ADA) keep rising faster than Bitcoin (BTC) and Ethereum (ETH)?
BTC, ETH, and ADA Price Analysis for August 13
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.

Read U.TODAY on
Google News

Bulls keep controlling the situation on the market as all of the top 10 coins are in the green zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Yesterday morning, buyers' attempts to restore the price above the key resistance of $46,000 ended in a reversal into a pullback. In the afternoon, the Bitcoin (BTC) price rolled back to the support around $44,000 and stopped the decline.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

The pair recovered to the area of ​​the two-hour EMA55 tonight and is trying to gain a foothold above this level of average prices. There is no support from large volumes yet, but if the bulls resume the onslaught, the level of $47,745 may be taken.

Bitcoin is trading at $46,468 at press time.

ETH/USD

Yesterday morning, around $3,235, sellers formed a powerful bearish impulse, which pushed the Ethereum (ETH) price out of the high zone to the psychological support of $3,000. At the end of the day, bears managed to pierce this support, but tonight the pair recovered to the $3,100 area.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

Ethereum (ETH) has bounced off the support and was trying to fix above the $3,200 mark. The trading volume has declined, which means that traders are accumulating for a possible further rise. In this scenario, the local peak may be located at $3,340.

Ethereum is trading at $3,209 at press time.

ADA/USD

Cardano (ADA) is the biggest gainer today, going up by 14% over the last 24 hours.

ADA/USD chart by Trading View
ADA/USD chart by Trading View

Cardano (ADA) has touched the resistance at $2.03 on the daily chart. The sharp rise is accompanied by the increasing trading volume, which means that some traders may have fixed their positions.

Related
Cardano (ADA) Price Analysis for August 12

The more likely price action is the test of the formed mirror level at $1.8950 shortly.

Cardano is trading at $1.99 at press time.

article image
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.