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BTC, ETH, XRP, ADA and BNB Price Analysis for May 14

Price Predictions
Fri, 05/14/2021 - 16:30
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Denys Serhiichuk
Which coins are redy to keep the rise going on the way to new peaks?
BTC, ETH, XRP, ADA and BNB Price Analysis for May 14
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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Bulls have seized the initiative as all top 10 coins are in the green zone again.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) has grown, and it seems that it will not fall below $50,000 in the near future.

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

From the technical point of view, the rise may continue as the growth has been supported by increased buying trading volume. If bulls can fix above $50,000 by tomorrow, there are chances to get to the mirror level at $53,500 shortly.

Bitcoin is trading at $50,376 at press time.

ETH/USD

Ethereum (ETH) has grown much higher than Bitcoin (BTC) with a rise of 9%.

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

Ethereum (ETH) is about to make a retest of the $4,200 level as soon as bulls seize the initiative. If they can break the resistance and trade above it for a few days, the mark of $4,500 can be easily attained.

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BTC, ETH, XRP and ADA Price Analysis for May 13

In addition, the selling trading volume is reduced, which means that bears have run out of power to push the price down.

Ethereum is trading at $3,932 at press time.

XRP/USD

XRP has gained less than Ethereum (ETH) as its rate has gone up by 7% since yesterday.

XRP/USD chart by TradingView
XRP/USD chart by TradingView

XRP is also looking bullish in the mid-term scenario as bears have failed to keep the price below $1.40. Thus, the altcoin has come back above the MA-50 on the daily chart, which means that growth is more likely than a drop. In this regard, there are chances of retesting the resistance at $1.66 within the next few days.

XRP is trading at $1.38 at press time.

ADA/USD

The rate of Cardano (ADA) is almost unchanged over the last day.

ADA/USD chart by TradingView
ADA/USD chart by TradingView

Despite a short correction today, further growth might happen. At the moment, the crucial mark for bulls is to conquer $2. If they succeed, they may bring the coin to $2.20.

Cardano is trading at $1.92 at press time.

BNB/USD

Binance Coin (BNB) is not an exception to the rule with a rise of 2%.

BNB/USD chart by TradingView
BNB/USD chart by TradingView

Bulls are trying to come back to the area around $640. If they can do it, the new peak at $700 should be attained soon.

BNB is trading at $612 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 & ICO Advisory, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.