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ETH, ADA and BNB Price Analysis for July 29

Fri, 07/29/2022 - 16:09
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Denys Serhiichuk
Has altcoins market found its local peak yet?
ETH, ADA and BNB Price Analysis for July 29
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Buyers seem that they are not giving up based on the top 10 rankings.

Top coins by CoinMarketCap


Ethereum (ETH) keeps setting new local peaks, rising by 3.81% over the previous 24 hours.

ETH/USD chart by TradingView

Ethereum (ETH) has made a false breakout of the mirror level at $1,476, which means that buyers are more powerful than bears at the moment. If nothing changes by the end of the day, one can expect the test of $1,800 soon.

Ethereum is trading at $1,726 at press time.


Binance Coin (BNB) is the biggest gainer today, rocketing by 9%.

BNB/USD chart byTradingView

Binance Coin (BNB) is on its way to testing the vital $300 mark. Thus, the rise is accompanied by a high volume, which means that the growth may continue. In this regard, the bears may come back to the game around the resistance at the $330 zone.

Binance Coin is trading at $295.4 at press time.


Cardano (ADA) is looming weaker than BNB, going up by 5.36%.

ADA/USD chart by Trading View

On the daily chart, Cardano (ADA) may not have accumulated enough power for midterm growth. One can consider the continued rise only when bulls fix the rate above the $0.55 mark.

ADA is trading at $0.5274 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