Advertisement
AD

Main navigation

BTC, XRP and ADA Price Analysis for February 11

Advertisement
Fri, 11/02/2022 - 16:39
BTC, XRP and ADA Price Analysis for February 11
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Bulls appear to be unable to maintain market growth, with the top 10 coins being back in the red zone. 

Advertisement
Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

The price of Bitcoin has fallen about 2.78% over the last 24 hours.

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

However, the price continues to trade near the resistance level at $45,478, which means that bulls are not giving up. 

Related
BTC, XRP, ADA and BNB Price Analysis for February 9

If the buying trading volume increases and the candle fixes in the area of $45,500, there is a chance of seeing the price of the main coin climbing to the zone of $46,000 next week.

Bitcoin is trading at $43,685 at press time.

XRP/USD

XRP is the biggest loser on today's list, falling by about 5.42%.

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

Despite the price drop, XRP keeps trading in the zone of the most liquidity around $0.80 where most of the buying power is accumulated. Thus, the selling trading volume is declining, which means that bears are losing their power. If buyers can capitalize on this chance and keep the price in the area of $0.80, the growth may continue to $0.85 next week.

XRP is trading at $0.82 at press time.

ADA/USD

Cardano (ADA) has also followed the example of Bitcoin (BTC), going down by 3.25%.

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

After yesterday's bearish candle, bulls have managed to pull off a failed breakout and push the price back to the zone around $1.20.

Related
BTC, ETH and SOL Price Analysis for February 8

If nothing changes by the end of the day, one may expect bulls to attack the resistance level at $1.209 within the next few days.

ADA is trading at $1.157 at press time.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD