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BTC, ETH, XRP and SOL Price Analysis for July 15

Fri, 07/15/2022 - 15:57
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Denys Serhiichuk
Has cryptocurrency market accumulated enough strength for mid-term rise?
BTC, ETH, XRP and SOL Price Analysis for July 15
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 keeps dominating over bears as most of the coins remain trading in the green zone.

Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has risen by 6.29% over the last 24 hours.

BTC/USD chart by TradingView

Bitcoin (BTC) has continued the rise after yesterday's bullish candle against the relatively medium volume. At the moment, the price is approaching the $21,000 mark.

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BTC, ADA, and BNB Price Analysis for July 13

If the main crypto can do that, there is a chance to see the test of the local resistance level at $22,400 by the end of the month.

Bitcoin is trading at $20,859 at press time.

ETH/USD

Ethereum (ETH) is the biggest gainer today, rocketing by 13%.

ETH/USD chart by TradingView

On the daily time frame, Ethereum (ETH) is again above the $1,200 mark, which is locally a bullish scenario. If buyers can hold the initiative until the end of the day, traders can expect the test of the $1,281 mark within the next few days.

Ethereum is trading at $1,230 at press time.

XRP/USD

XRP has followed the rise of other coins, going up by 7% since yesterday.

XRP/USD chart by TradingView

Despite the rise, XRP has made a false breakout of the $0.3434 level, having confirmed bulls' weakness. In this case, the more likely scenario is sideways trading in the range of $0.33-$0.34 so that buyers can accumulate more energy for a further upward move.

XRP is trading at $0.3339 at press time.

SOL/USD

Solana (SOL) is not an exception to the rule, rising by 12.45%.

SOL/USD chart by TradingView

Solana (SOL) is trading similar to Ethereum (ETH) as it is also on the way to its local resistance level at $39.72. If the daily closes near the $38 mark, bulls might keep their rise going for the next week.

SOL is trading at $38.09 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 denys.serhiichuk@u.today.