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BTC, ETH, XRP, ADA and SOL Price Analysis for August 13

Sat, 08/13/2022 - 15:07
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Denys Serhiichuk
Can altcoins keep outperforming Bitcoin (BTC)?
BTC, ETH, XRP, ADA and SOL Price Analysis for August 13
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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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The weekend has started with ongoing bulls' dominance on the market.

Top coins by CoinMarketCap


The rate of Bitcoin (BTC) has increased by 2.68% over the last day.

BTC/USD chart by TradingView

Bitcoin (BTC) has almost reached the important $25,000 mark against the low volume. At the moment, one needs to pay close attention to the nearest resistance level at $24,676. If the candle closes near it, there is a high chance to see one more growth attempt next week.

Bitcoin is trading at $24,497 at press time.


Ethereum (ETH) has gained even more than Bitcoin (BTC) as the price of the main altcoin has risen by 5.46%.

ETH/USD chart by TradingView

Ethereum (ETH) has made a false breakout of the $2,000 mark on the daily time frame. Currently, the altcoin might need more time to accumulate power for a further rise. In this case, sideways trading in the range of $1,900-$2,000 is the more likely scenario for the next part of the month.

Ethereum is trading at $1,984 at press time.


XRP could not follow the rise of Ethereum (ETH) and Bitcoin (BTC), going up by 1.82%.

XRP/USD chart by TradingView

Nothing crucial has happened on the daily chart of XRP as the coin keeps trading sideways with neither bullish nor bearish signals. Bulls have a chance to seize the initiative when the rate approaches the $0.40 mark and fixes above it.

XRP is trading at $0.3794 at press time.


Cardano (ADA) has outperformed all the previous coins on the list. The price has risen by 6.30% since yesterday.

ADA/USD chart by Trading View

Cardano (ADA) has broken the resistance level at $0.5472, confirming the midterm bull run. If buyers can hold the $0.56 mark, the growth can lead to a test of the $0.60 zone soon.

ADA is trading at $0.5601 at press time.


Solana (SOL) has gained the most value on the list today, rocketing by almost 7%.

SOL/USD chart by TradingView

From the technical point of view, Solana (SOL) is trading similar to Cardano (ADA) as the coin has also broken the resistance level at $44.87. If the daily candle closes with none or with small wicks, the rise may continue to the $50 area in the midterm.

SOL is trading at $46.75 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