Bitcoin

Cardano Price Analysis: ADA Bulls Loosing Steam, Struggling At $1.3 Resistance

ADA/USD – ADA Trades Inside Ascending Price Channel

Key Support Levels: $1. 23, $1. 18, $1.12.

Key Resistance levels: $ 30 – $1. 32, $1. 40, $1.45.

ADA is up 22% since rebounding from support at $1. 05 nine days ago. From there, the cryptocurrency established an ascending price channel as it broke above the 200-day MA and the 2-day MA.

ADA has been struggling to close above $1. 30 resistance and uses the lower angle of the ascending price channel as support. $1 30 provided strong support at the beginning of July and, therefore, is providing strong resistance right now.

If $1. 30 is penetrated, ADA is likely to drive higher inside the price channel on the way up toward $1.50.

adausd-jul29-min — ADA/USD Daily Chart. TradingView.

ADA-USD Short Term Price Prediction

Looking ahead, the first resistance lies at $1.30. The 50-day MA sits marginally above $1. 30 at $1.32. Resistance is at $1 above this. 40 (upper angle of the price channel), $1. 45 (100-day MA), and $1. 50 (bearish . 382 Fib).

The first support is at $1. 23 (lower angle of price channel 20-day MA). Support is $1 below this. 18 (200-day MA), $1. 12 (. 618 Fib), and $1.05.

The daily RSI sits at the middleline, as market indecision looms. Despite the loss of bearish momentum, bulls are not able to sustain any momentum.

ADA/BTC – ADA Breaks Descending Price Channel.

Key Support Levels: 3200 SAT, 3130 SAT, 3000 SAT.

Key Resistance Levels: 3450 SAT, 3650 SAT, 3800 SAT.

ADA is struggling against BTC as it battles to maintain 3200 SAT support. Although the cryptocurrency was trading within a downward price channel, it broke below the lower angle on Tuesday.

ADA trades at 2.5-month lows against BTC, as bearish momentum continues. A break beneath 3200 SAT is likely to drive ADA back toward the 200-day MA at 2750 SAT.

adabtc-jul29-min — ADA/BTC Daily Chart. TradingView.

ADA-BTC Short Term Price Prediction

Moving forward, the first support lies at 3200 SAT. This is followed by 3130 SAT (downside 1. 414 Fib Extension) and 3000 SAT. Beneath 3000 SAT, strong support lies at 2750 SAT, provided by the 200-day MA.

On the other side, the first resistance lies at 3450 SAT. This is followed by 3650 SAT (20-day MA) and 3800 SAT (50-day MA).

The daily RSI is below the midline, as the bears have complete control over the market momentum. The Stocahstic RSI has a bullish crossover that could lead to some bullish pressure in the market.

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Cryptocurrency charts by TradingView.

Bitcoin

Bitcoin Demand Shows Signs of Cooling as Whale and ETF Purchases Halve: Cryptoquant

Bitcoin demand growth is decelerating after a rally toward $112,000, with key indicators signaling a potential slowdown phase, according to a new Cryptoquant Institutional Insights report. Profit-Taking Dominates Futures Market Amid Bitcoin Slowdown Cryptoquant’s analysis reveals bitcoin spot demand continues expanding but at a sharply reduced pace…
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Bitcoin Price Watch: Bulls Eye $108K as Momentum Builds Across Lower Timeframes

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Bitcoin

XCN defies Bitcoin and Ethereum slump with 97% spike

Onyxcoin (XCN) has risen 97% in the past 24 hours as altcoins enjoy massive buying pressure. The XCN price bucks the trend that saw Bitcoin and Ethereum down after notable gains a day earlier. Tariffs and other market conditions weigh on investor sentiment. Onyxcoin (XCN) has defied a dip for Bitcoin, Ethereum, and top altcoins…

Onyxcoin (XCN) has risen 97% in the past 24 hours as altcoins enjoy massive buying pressure.
The XCN price bucks the trend that saw Bitcoin and Ethereum down after notable gains a day earlier.
Tariffs and other market conditions weigh on investor sentiment.

Onyxcoin (XCN) has defied a dip for Bitcoin, Ethereum, and top altcoins with an impressive 97% over the past 24 hours.

In a price rally that put it on top of the daily gainers’ list, XCN shot up to an intraday high of $0.017.

The performance bucks the downward pressure that has seen Bitcoin (BTC) and Ethereum (ETH) pare gains from a day ago with dips below $80k and $1.5k, respectively.

XCN price performance

The XCN token’s standout performance sees it outpace Flare, Kaspas, and Walrus, among other notable gainers.

According to data from CoinMarketCap, XCN is currently trading at $0.017, with its volume up 1,230%.

The token’s market, though tiny at $531 million, is up 97% and puts Onyxcoin in the top 100 by market cap.

XCN has flipped Floki and CORE, which currently rank 100th and 99th by market cap, respectively.

Onyxcoin’s massive spike comes despite a broader risk market downturn in the past 24 hours.

BTC, ETH, and other coins’ dip has seen the global cryptocurrency market cap drop by 3.9% to $2.52 trillion.

Volume is down 20% to about $127 billion as crypto mirrors losses on Wall Street.

Overall market outlook

Crypto and the stock market rose sharply on Wednesday after US President Donald Trump changed his tariffs stance.

His announcement of a 90-day pause sent risk assets skyrocketing, with Bitcoin’s price breaking to above $82k.

S&P 500 and the Dow Jones Industrial jumped, rising by historic single-day gains.

However, the S&P 500 and Dow opened lower on Thursday and looked to close lower with 3.2% and 2.4 %, respectively.

Dow was down more than 900 points.

On Thursday, Trump announced an additional 25% tariff on China, bringing this to 145%.

After excluding it from the 90-day pause, analysts say the trade war will continue to hurt optimism.

This looks to be the case as stocks sold off despite the latest inflation report that showed CPI dropped to 2.4% against an expected 2.6%.

While this sees many turn to the Federal Reserve for expectations of interest rate cuts, analysts are pointing to “sticky” prices and tariff impact for likely pressure on equities and crypto. Analysts point to a potential bull trap.

Peter Schiff said via a post on X:

“I’ve never seen such a mass selloff of US assets. The US dollar, bonds, and stocks are all getting killed. I can’t remember when the dollar lost 3.5% against the Swiss franc in one day. America’s ride on the global gravy train is about to come to a screeching halt. Buckle up.”