en
Back to the list

BTC, BNB and ADA Price Analysis for July 3

Analytics

u.today 03 July 2022 20:46, UTC
  
Reading time: ~2 m

Bears seized the initiative on the last day of the week, turning all of the top 10 coins back to the red zone.

Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has declined by 11.21% over the last seven days.

BTC/USD chart by TradingView

On the weekly chart, Bitcoin (BTC) is about to close below the previous low at $19,616. Thus, the selling volume remains high, confirming bears' power.

If nothing changes by the end of the day and the price stays below the $19,000 mark, there are chances to see a test of the nearest support level at $17,592 next week.

Bitcoin is trading at $18.981 at press time.

BNB/USD

Binance Coin (BNB) has fallen the least today as the drop has made up 0.49%.

​BNB/USD chart by TradingView

Binance Coin (BNB) is looking better than Bitcoin (BTC) on the weekly time frame as the price has not updated the recently formed support level at $205. From another point of view, the native exchange coin has not accumulated enough energy for a rise, which means that sideways trading between $210 and $240 is the more likely scenario for the upcoming days.

BNB is trading at $214.7 at press time.

ADA/USD

Cardano (ADA) is the biggest loser today, as the price has gone down by 12.85% for the week.

ADA/USD chart by Trading View

Cardano (ADA) is following the fall of Bitcoin (BTC) as it is on the way to the support level at $0.3974. From the technical point of view, the altcoin has accumulated enough strength for a continued fall, so one can expect a drop below $0.40 soon.

ADA is trading at $0.4444 at press time.


   Source
Back to the list