Bitcoin, Polkadot and Enjin Coin – European Wrap 23 July

Bitcoin price revival appears to be going well considering the recent sweep of the July 15 swing high. While this uptick in the market value of BTC is bullish, there is bound to be a minor pullback that will help catapult the pioneer cryptocurrency higher.

Polkadot price slipped below a crucial demand barrier, exacerbating the sell-off. However, this descent bounced off old support, which led to a healthy upswing. Now, DOT might pull back to gather steam before it kick-starts another leg up.

DOT/USDT 6-hour chart

Cardano price has seen a quick run-up after approaching the trading range’s lower limit. While this uptick in ADA’s market value was obvious, investors should be aware of a minor pullback before the so-called “Ethereum killer” embarks on another leg up.

 

ADA/USDT 12-hour chart