BTC, SOL and ADA Price Analysis for January 7

AnalysisBTC, SOL and ADA Price Analysis for January 7


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

BTC/USD

The rate of Bitcoin (BTC) has risen by 1.14% over the last 24 hours.

BTC/USD chart by TradingView

On the daily chart, the price of Bitcoin (BTC) is approaching the important interim resistance level at around $17,000.

If the daily closure happens near it, the breakout may lead to a midterm rise to the $17,400-$17,600 zone as enough strength has been accumulated for that.

Bitcoin is trading at $16,922 at press time.

SOL/USD

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

SOL/USD chart by Trading View

Despite today’s rise, the price of Solana (SOL) does not seem ready for further growth. This statement is also confirmed by declining volume, which means that buyers are not willing to buy at the current prices. In this case, the more likely scenario is a correction to the $12.50 zone next week.

SOL is trading at $13.25 at press time.

ADA/USD

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

ADA/USD chart by TradingView

Cardano (ADA) is looking similar to SOL, however, its price remains in the bullish zone while the rate is above the support at $0.2708. If buyers can hold this mark, there is a chance to see a false breakout followed by a fast bounce back.

ADA is trading at $0.2727 at press time.



Learn more

Latest news

How Business Leaders Can Adapt To The Future Of Innovation

Thai Son Nguyen is a CEO and cofounder who has spent the last 16 years building a world-class...

This ARB Token Will Drain Your Wallet and Steal Funds

Arman Shirinyan ARB token airdrop is hot topic in crypto space right now, but hackers are becoming even more...

First Republic shares drop 18% amid fears of banks failing

Shares of First Republic Bank were down nearly 20% in pre-market trading on Monday after credit rating agency...

Dow Jones Futures Rise On Credit Suisse Deal; First Republic Plunges 20% On Credit Downgrade

Dow Jones futures rose Monday morning as a correcting stock market braces for an important week of Federal...

Five Questions Companies Should Ask When Incorporating Embedded Payments Into Their Software

CEO of BlueSnap, the leading payment orchestration platform of choice for B2B and B2C businesses. As the CEO of...

2 Billion Shiba Inu Burned Over Past Week, Here’s How SHIB Price Reacts

Yuri Molchan Shib community seems to be regaining speed burning its favorite meme token Contents 2 billion SHIB burned last week,...

Must read

How Business Leaders Can Adapt To The Future Of Innovation

Thai Son Nguyen is a CEO and cofounder...

This ARB Token Will Drain Your Wallet and Steal Funds

Arman Shirinyan ARB token airdrop is hot topic in...

First Republic shares drop 18% amid fears of banks failing

Shares of First Republic Bank were down nearly...

You might also likeRELATED
Recommended to you