ETH, ADA and BNB Price Analysis for July 29

Price Analysis
Fri, 07/29/2022 - 16:09
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Buyers seem that they are not giving up based on the top 10 rankings.

ETH/USD

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

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.

BNB/USD

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

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.

ADA/USD

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

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.