- BTC posts 24-hour gains while ADA loses 3.51%.
- Both BTC and ADA look set to rally in the coming 1-2 weeks.
- Another 18.1% may be added to ADA’s current 24.16% rally.
The crypto market leader Bitcoin (BTC), shows why it is the market king by posting gains over the last 24 hours, while almost all of the top 10 cryptos print losses during the same time period. This is according to the crypto market tracking website, CoinMarketCap.
One of the altcoins in the top 10 list that has seen its price drop over the last 24 hours is Cardano (ADA). At press time, ADA’s price is down 3.51% – taking it down to $0.3153. ADA is, however, still up 24.16% over the last 7 days.
Both BTC and ADA are trading at crucial resistance levels. A breakout above these respective levels may see a dramatic price rise for both of these coins.
BTC is currently trading at a mini-resistance level at $17,256.32. The influx of buy volume that has entered BTC’s chart over the last 36 hours is attempting to push BTC’s price above this level. Should Bitcoin’s price break this mini-resistance level, then it will have to overcome the next mini-level at $17,856.86. Thereafter, BTC will enter into a rally toward $20,121.73.
ADA’s price entered into a multi-day move up towards the current resistance level at $0.3165. Should it break this level, then its next target will be $0.3722. This will constitute around a 18.1% gain. A break above the $0.3722 resistance level will add another 9.86% to ADA’s gains as its price will look to target $0.4078.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
