Price Analysis of BTC, ETH, XRP, BNB, ADA, and SOL on August 14th

Bitcoin (BTC) Price Analysis

Buyers are striving to maintain control at the start of the week according to CoinMarketCap ranking.

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

Bitcoin (BTC) has once again rebounded from the $29,000 level. Despite this minor increase, it’s premature to make predictions. If the momentum continues towards $30,000 and Bitcoin stabilizes above this level, there’s potential for bullish action, pushing the value towards the $31,000 range.

Bitcoin is currently trading at $29,582.

Ethereum (ETH) Price Analysis

Ethereum (ETH) is lagging behind Bitcoin (BTC), with a modest 0.28% increase since yesterday.

Technically, Ethereum (ETH) is following a pattern similar to Bitcoin (BTC). Monitoring the daily close is crucial. A close without extended wicks could lead to a test of the $1,900 zone soon.

Ethereum is currently trading at $1,854.

XRP Price Analysis

XRP has also shown a 0.51% increase.

Despite today’s rise, XRP’s price remains distant from key levels, suggesting limited potential for significant movements. Buyers need to reclaim the $0.66 zone to gain initiative.

XRP is currently trading at $0.6317.

Binance Coin (BNB) Price Analysis

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

Technically, Binance Coin (BNB) is positioned in the middle of a wide channel, indicating potential for a significant move. With no clear dominance, consolidation around the $240 mark is expected in the upcoming week.

BNB is currently trading at $240.9.

Cardano (ADA) Price Analysis

Cardano (ADA) has also witnessed a 0.22% increase.

Cardano’s (ADA) price movement resembles that of BNB, trading sideways. Continued consolidation between $0.2850-$0.2950 is probable for the next few days.

ADA is currently trading at $0.2919.

Solana (SOL) Price Analysis

The price of Solana (SOL) has risen by nearly 1% in the past day.

SOL’s price is approaching a test of the $25.21 resistance. A close near this level could lead to a breakout towards the $26 zone.

SOL is currently trading at $24.82.