Cardano, SafeMoon and Bitcoin – European Wrap 19 July


Cardano price is stuck in the same global route as other major cryptocurrencies like Ethereum and Bitcoin. Any major favorable tailwinds are missing to break current selling sentiment and it does not look like buyers are interested in going long from current levels.

ADA/USD weekly chart

SafeMoon is trending down 2% in early US trading just above the last major nearby support at $0.00000260. At the time of writing, however, the controversial token is up 2% against Bitcoin and 6% against Ethereum.


SAFEMOON/USDT 1-day chart

The news from Bank of America last week stating that Bitcoin futures would be available for clients was a much-needed dose of positivity for the cryptocurrency markets. It lifted sentiment, and BTC bounced off $31,584.74, a level of importance from June 25. 

BTC/USD daily chart





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