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BTC, ADA, TRX, MATIC, LTC and SOL Price Analysis for July 14

source-logo  u.today 14 July 2023 17:35, UTC
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The rates of most of the coins have blasted, according to the CoinMarketCap ranking.

Top 10 coins by CoinMarketCap

Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has increased by 2.23% over the last 24 hours.

<span class=BTC/USD chart by TradingView" src="https://cnews24.ru/uploads/a72/a72ae21e53695e6a37ec3a8cfb74e02a0bc32386.png" size="2694x1312">

Image by TradingView

On the daily chart, the price of BTC is trading near the resistance at $31,500. If the bar closes near it or even above it, the accumulated energy might be enough for a breakout, followed by a blast to the $32,000 zone and above.

Bitcoin is trading at $31,261 at press time.

ADA/USD

Cardano (ADA) is one of the biggest gainers today, rising by 20%.

<span class=ADA/USD chart by TradingView" src="https://cnews24.ru/uploads/619/6195cb8fe8a090fc22a502c030ffb4d47a66ad54.png" size="2694x1312">

Image by TradingView

On the daily time frame, the rate of Cardano (ADA) has made a false breakout of yesterday's peak at $0.3673. If the closure happens far from that mark, traders may witness a correction to the $0.32-$0.34 area soon.

ADA is trading at $0.3478 at press time.

TRX/USD

The price of TRX has risen by 5% since yesterday.

<span class=TRX/USD chart by TradingView" src="https://cnews24.ru/uploads/6e2/6e27d056e8ce984e88a1fb100dc616579b3b748b.png" size="2694x1312">

Image by TradingView

Yesterday's candle confirmed the buyers' pressure as it closed above the zone of $0.08. If buyers hold the initiative, the upward move will continue to the nearest resistance level at $0.08580.

TRX is trading at $0.08209 at press time.

MATIC/USD

MATIC is not an exception to the rule, rising by 11%.

MATIC/USD chart by TradingView

Image by TradingView

From the technical point of view, the rate of MATIC might face a local correction as the altcoin needs to get more energy for further growth.

In this regard, traders are likely to see a drop to the $0.80 area within the next few days.

MATIC is trading at $0.8459 at press time.

LTC/USD

Litecoin (LTC) is one of the smallest gainers with growth of 1.65%.

<span class=LTC/USD chart by TradingView" src="https://cnews24.ru/uploads/f43/f43f785ce6f2bf3bbc41f71984174fa630128cce.png" size="2694x1312">

Image by TradingView

Despite yesterday's rise, the rate of Litecoin (LTC) has not accumulated enough energy for midterm growth. The low volume confirms such a statement. Respectively, ongoing consolidation in the range of $95-$105 is the more likely scenario.

LTC is trading at $101 at press time.

SOL/USD

The rate of Solana (SOL) has blasted by 26% over the last 24 hours.

<span class=SOL/USD chart by Trading View" src="https://cnews24.ru/uploads/bb6/bb65c4baae1d4c7b1324a360b7a80dc6e9cd72d5.png" size="2694x1312">

Image by TradingView

On the daily chart, the rate of SOL has fixed above the resistance at $26.80. If bulls hold the price above that mark, the growth may lead to the test of the $35-$40 zone by the end of the month.

SOL is trading at $28.31 at press time.

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