BTC, SOL and ADA Price Analysis for January 7

1 year ago 109

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Denys Serhiichuk

Which coins tin support rising adjacent week?

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The weekend has started with the emergence of the majority of the coins.

Top 10 coins by CoinMarketCap

BTC/USD

The complaint of Bitcoin (BTC) has risen by 1.14% implicit the past 24 hours.

BTC/USD illustration  by TradingView

On the regular chart, the terms of Bitcoin (BTC) is approaching the important interim absorption level astatine astir $17,000.

If the regular closure happens adjacent it, the breakout whitethorn pb to a midterm emergence to the $17,400-$17,600 portion arsenic capable spot has been accumulated for that.

Bitcoin is trading astatine $16,922 astatine property time.

SOL/USD

The complaint of Solana (SOL) is going up faster than Bitcoin's (BTC), rising by 2.60%.

SOL/USD illustration  by Trading View

Despite today's rise, the terms of Solana (SOL) does not seem ready for further growth. This connection is besides confirmed by declining volume, which means that buyers are not consenting to bargain astatine the existent prices. In this case, the much apt script is simply a correction to the $12.50 portion adjacent week.

SOL is trading astatine $13.25 astatine property time.

ADA/USD

Cardano (ADA) is not an exception, increasing by 1.82%.

ADA/USD illustration  by TradingView

Cardano (ADA) is looking akin to SOL, however, its terms remains successful the bullish portion portion the complaint is supra the enactment astatine $0.2708. If buyers tin clasp this mark, determination is simply a accidental to spot a mendacious breakout followed by a accelerated bounce back.

ADA is trading at $0.2727 astatine property time.

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