BTC, ETH, XRP, BNB, ADA, and SOL Price Analysis for August 14

Buyers are trying to hold the initiative at the beginning of the week, according to the CoinMarketCap ranking.

Top coins by CoinMarketCap

BTC/USD

The price of Bitcoin (BTC) has increased by 0.76% over the last 24 hours.

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The price of Bitcoin (BTC) has once again bounced off the $29,000 zone. Despite the slight growth, it is too early to make any predictions. However, if the momentum continues to $30,000 and Bitcoin stabilizes above the aforementioned price level, bulls might take the initiative, potentially driving the value up to the $31,000 range soon. 

Bitcoin is trading at $29,582 at press time.

ETH/USD

Ethereum (ETH) is underperforming Bitcoin (BTC), rising by a mere 0.28% since yesterday.

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From a technical perspective, Ethereum (ETH) is trading in a manner similar to Bitcoin (BTC). However, it’s essential to monitor the daily close. If it concludes without extended wicks, we might see a test of the $1,900 zone shortly.

Ethereum is trading at $1,854 at press time.

XRP/USD

XRP is not an exception, going up by 0.51%.

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Despite the today’s rise, the price of XRP is far from the main levels which means there is a low possibility to expect any sharp moves soon. If buyers want to seize the initiative, they need to restore the rate above the $0.66 zone.

XRP is trading at $0.6317 at press time.

BNB/USD

The price of Binance Coin (BNB) has risen by 0.24%.

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From a technical perspective, the price of Binance Coin (BNB) sits at the midpoint of a broad channel, gathering momentum for a significant move. Since neither side has taken the initiative, continued consolidation around the $240 mark seems likely for the upcoming week.

BNB is trading at $240.9 at press time.

ADA/USD

Cardano (ADA) has also followed the rise of other coins, going up by 0.22%.

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The price of Cardano (ADA) is trading similarly to BNB as the price keeps trading sideways. In this case, the more likely scenario is continued consolidation in the area of $0.2850-$0.2950 for the next few days.

ADA is trading at $0.2919 at press time.

SOL/USD

The rate of Solana (SOL) has increased by almost 1% over the past day.

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The price of SOL is on the way to test the resistance of $25.21. If the bar closes near this mark, the breakout may lead to a price blast to the $26 zone soon.

SOL is trading at $24.82 at press time.