Cardano, Bitcoin & Ripple – European Wrap 07 January [Video]

Cardano price is glued to a crucial support level touched many times in the past, most recently on January 5. This barrier is significant and will determine the next course of action for ADA.

ADA/USDT 9-hour chart

 

Bitcoin price shows dual nature as it undergoes another sell-off albeit a relatively smaller one compared to the ones seen on December 4, 2021, and January 4. Ironically, the downswing presents a bullish opportunity as it sets the perfect stage for a move higher. From a long-term perspective, however, there is still room for the big crypto to slide lower.

BTC/USDT 4-hour chart

BTC/USDT 4-hour chart

 

Ripple price continued its downtrend in 2022. Analysts have evaluated the Ripple price trend and predicted a reversal.