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BTC, SOL, AVAX, MATIC and ADA Price Analysis for July 21

Thu, 07/21/2022 - 15:25
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Denys Serhiichuk
Is current decline a correction before further rise?
BTC, SOL, AVAX, MATIC and ADA Price Analysis for July 21
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After a few days of growth, the cryptocurrency market has entered the correction phase as most coins are in the red zone.

Top coins by CoinMarketCap


The rate of Bitcoin (BTC) has gone down by 6% over the last 24 hours.

BTC/USD chart by TradingView

On the daily chart, Bitcoin (BTC) has continued the drop after yesterday's bearish candle, falling below $23,000. At the moment, the price has bounced off the mirror level of $22,400.

BTC, ADA and BNB Price Analysis for July 19

Until the rate is above it, bulls keep controlling the situation on the market. In this case, one can expect a return to the $23,000 mark soon.

Bitcoin is trading at $22,483 at press time.


Solana (SOL) has lost more than Bitcoin (BTC) with a decline of 9%.

SOL/USD chart by TradingView

Despite the fall, Solana (SOL) remains bullish as the price has bounced off the support level at $39.72. Thus, the rate has returned above the $40 mark. All in all, if the slight rise continues, a return to the $45 zone is just a matter of time.

SOL is trading at $41.26 at press time.


Avalanche (AVAX) has followed the drop of Bitcoin (BTC), losing 6% of its price share since yesterday.

AVAX/USD chart by TradingView

Avalanche (AVAX) is rising after yesterday's decline, which means that the fall was a correction before a further rise. At the moment, one should pay attention to the $25 mark. If the rate can return to it and fix above, there are high chances to see a midterm bull run.

AVAX is trading at $24.06 at press time.


Cardano (ADA) is the biggest loser from the list today as it has decreased by almost 9%.

ADA/USD chart by Trading View

Cardano (ADA) is looking worse than other coins as the rate has fixed below the level of $0.4921. Currently, bears are more powerful than bulls, and the test of $0.45 is more likely to see than growth to $0.50. In addition, the selling volume has increased.

ADA is trading at $0.4822 at press time.


Unlike other digital assets, MATIC has almost absorbed the recent fall.

MATIC/USD chart by TradingView

MATIC has continued to rise after the false breakout of the $0.80 mark. At the moment, the price is on its way to $0.90, the breakout of which may be a prerequisite for a further upward move to the $1 zone.

MATIC is trading at $0.8769 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