Cardano

Bitcoin

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The weekend has started in a neutral mode for the <a href="https://u.today/binance-coin-bnb-price-analysis-for-july-7">cryptocurrency market</a> as the rates of some coins are falling while others keep rising.
<img alt="Top 10 coins by CoinMarketCap" data-entity-type="file" data-entity-uuid="7ba4e72a-77e2-40cf-a550-d69225d30686" src="https://u.today/sites/default/files/inline-images/top10_533.png">
Top coins by&nbsp;<a href="https://coinmarketcap.com/">CoinMarketCap</a>
<h2 id="btc-usd">BTC/USD</h2>
The rate of Bitcoin (BTC) has declined by 0.17% over the last 24 hours.
<img alt="BTC/USD chart by TradingView" data-entity-type="file" data-entity-uuid="6938d656-4528-4a10-b189-17d81056eef8" src="https://u.today/sites/default/files/inline-images/btc_496.png">
Image by <a href="https://www.tradingview.com/symbols/BTCUSD">TradingView</a>
On the hourly chart, the rate of Bitcoin (BTC) has once again almost tested the support level at $29,600. At the moment, traders should pay attention to yesterday's candle peak. If the bar closes in the area of $30,500, the growth may continue to the $31,000 range.
Bitcoin is trading at $30,223 at press time.
<h2 id="xrp-usd">XRP/USD</h2>
The rate of XRP has almost not changed since yesterday.
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<img alt="XRP/USD chart by TradingView" data-entity-type="file" data-entity-uuid="ae6e6803-6b05-4082-8caa-115557cdde59" src="https://u.today/sites/default/files/inline-images/xrp_305.png">
Image by <a href="https://www.tradingview.com/symbols/XRPUSD">TradingView</a>
On the daily time frame, the rate of XRP has not accumulated enough energy to grow or fall. Currently, traders should pay attention to the support level at $0.4556. If a drop to it happens, that might be a prerequisite for a sharp downward move to the $0.44 zone.
XRP is trading at $0.4677 at press time.
<h2 id="ada-usd">ADA/USD</h2>
The price of Cardano (ADA) has risen by almost 1% since yesterday.
<img alt="ADA/USD chart by TradingView" data-entity-type="file" data-entity-uuid="f1fb8aa4-15c1-4bf2-b3e7-b4e527e56293" src="https://u.today/sites/default/files/inline-images/ada_232.png">
Image by <a href="https://www.tradingview.com/symbols/ADAUSD">TradingView</a>
Even though the rate of ADA has slightly increased, the price of the altcoin has not accumulated enough strength for a further move as it keeps trading sideways.
<a href="https://u.today/cardano-ada-price-analysis-for-july-7">card</a>
One can think about a possible midterm bullish trend if bulls get the rate back to the $0.30 zone and fix it above.
ADA is trading at $0.2863 at press time.

BTC, XRP and ADA Price Analysis for July 8

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