CryptoComes Original Article
Even on the weekends, the cryptocurrency market is growing as most of the Top 10 coins are in the green. Bitcoin Cash (BCH) and Chainlink (LINK) are the only exceptions to the rule.
Below is the main information for Bitcoin (BTC), Cardano (ADA), Binance Coin (BNB), and EOS:
|
Name |
Ticker |
Market Cap |
Price |
Volume (24H) |
Change (24H) |
|
Bitcoin |
BTC |
$168,788,206,922 |
$9,155.09 |
$12,319,268,765 |
0.14% |
|
Cardano |
ADA |
$3,223,221,398 |
$0.124319 |
$178,171,058 |
2.79% |
|
Binance Coin |
BNB |
$2,766,956,639 |
$17.79 |
$181,967,848 |
4.63% |
|
EOS |
EOS |
$2,339,344,508 | $2.50 | $861,566,631 | 0.22% |
BTC/USD
Bitcoin (BTC) is trading sideways for a second week in a row. The rate for the leading crypto has remained relatively unchanged since last week, and the price change has constituted a drop -1.24%.
Looking at the hourly time frame, Bitcoin (BTC) is trading within a narrow range between $9,050 and $9,200. The trading volume is at its lowest level, and there is a low probability of seeing a sharp move soon. The more likely scenario that one might consider is a drop to the local $9,075 support level by the end of the day.
At press time, Bitcoin was trading at $9,121 at press time.
ADA/USD
Cardano (ADA) is showing almost the same price action as Bitcoin (BTC). The rate for the altcoin has increased by only +0.14% from the previous 7 days.
Looking at the daily chart, Cardano (ADA) is located within a range after hitting the local peak at $0.14. From a technical standpoint, growth is unlikely to occur as there are no active buyers at the moment.
The lines of the Moving Average Convergence/Divergence (MACD) have also entered bearish territory. To sum it up, the $0.10 support may be achieved soon if the trading volume remains in the same position.
At press time, Cardano was trading at $0.1230.
BNB/USD
Binance Coin (BNB) has gone up by 4.57% since yesterday; however, the altcoin has dropped -2.70% over the course of the week.
Binance Coin (BNB) has been located in the accumulation phase since the beginning of May 2020. What's interesting is that the trading volume has not declined, which means that the bulls might plan to push the altcoin towards its local resistance soon. If the growth continues, then the $20.3 level could be attained by mid-August 2020.
At press time, Binance Coin was trading at $17.86.
EOS/USD
EOS is looking more bearish than all of the coins from our list. Its price has declined by -4.69% over the last 7 days.
EOS is also trading within a narrow range since last time; however, the trading volume continues to go down. This means that buyers are likely to fix their profits. Furthermore, a bearish divergence has been formed on the Relative Strength Index (RSI), which has not yet reached the oversold territory. The first level where the bulls might resist is the $2.1926 mark.
At press time, EOS was trading at $2.48.
