Intraday Crypto Market Analysis - July 11, 2025
In a recent analysis by Elior Manier, the cryptocurrency market is experiencing significant upward momentum, particularly following Bitcoin's new all-time highs. This surge in the crypto market comes amidst a backdrop of declining US equity indices, with major cryptocurrencies outperforming traditional stocks.
Market Overview
As of the latest trading session, US indices are down, with EuroStoxx leading the decline at -0.90%. This downturn is attributed to renewed market fears following a letter from former President Trump announcing a 35% tariff on Canada. Investors are increasingly looking for alternatives to the US Dollar, with cryptocurrencies emerging as a viable option for diversifying financial flows.
Major Cryptocurrency Performances
Bitcoin (BTC)
Bitcoin has reached new heights, currently trading at approximately $118,913, marking an 8% increase within 24 hours. The market is in a price discovery phase, making it challenging to predict when the upward momentum may slow down. Key levels of interest include:
- Current Highs: $118,913
- Potential Support Levels: $110,000 to $112,000
- Potential Resistance Levels: $120,000 to $122,000
Cardano (ADA)
Cardano has rebounded significantly, up nearly 50% from its lows of $0.51. Current levels of interest are:
- Support Levels: $0.60, $0.72 to $0.75
- Resistance Levels: $0.83 to $0.86, $1.00 (psychological), $1.10 to $1.17
XRP
XRP has shown strong performance, currently trading at $2.81 after a period of consolidation. Key levels include:
- Support Levels: $2.00, $2.35, $2.60
- Resistance Levels: $3.00 (March wick), $3.40 (ATH)
Solana (SOL)
Solana has broken out of a bearish formation, with current trading around $165. Levels of interest are:
- Support Levels: $140 to $150
- Resistance Levels: $180, $200 (psychological)
Ethereum (ETH)
Ethereum is showing bullish momentum, with potential targets around $3,500. Key levels include:
- Support Levels: $2,750, $2,850 to $2,900
- Resistance Levels: $3,040, $3,220, $3,400 to $3,500
Conclusion
The cryptocurrency market is currently thriving, with Bitcoin leading the charge and altcoins following suit. As traditional markets face uncertainty, cryptocurrencies are becoming an attractive alternative for investors seeking stability and growth.