Bitcoin (BTC) is currently trading at $59,900 after testing the $60,000 mark, which may lead to further decline. Despite expectations of additional gains, BTC still faces selling pressure near $64,000. Concerns over potential sales exceeding $10 billion may continue to exert downward pressure on the market. This situation has raised questions about the future trends of popular alternative coins.
Content Hidden 1 BNB Price Prediction 2 What Happened to Solana? 3 Insights from Recent Market Trends 4 XRP Price Prediction 5 Dogecoin Analysis
BNB Price Prediction
On July 1, Binance Coin (BNB) fell from $585 to $553. Similar to BTC, BNB also faces selling pressure. If BTC experiences deeper lows, BNB may test the $536 and $495 levels. Conversely, if the price rebounds from $551, it may trigger a move towards the $604 SMA50 level, potentially reaching new highs above $635 and $700. Visit NEWSLINKER for the latest tech news.
What Happened to Solana?
On July 2, Solana (SOL) broke resistance but faced selling pressure at the $156 SMA50. Despite a strong US market and a declining DXY, SOL continues to fall. With the price below the $145 SMA50 and RSI in the neutral zone, weakness is apparent. SOL may continue to fluctuate between $116 and $156. The upward breakout targets could be $175 and $189, with $205 being a key level.
Insights from Recent Market Trends
– If BNB rebounds from $551, it could see significant gains. – SOL’s fluctuation range between $116 and $156 indicates potential volatility. XRP needs to close above $0.5 for a potential reversal. If the $0.12 support level breaks, DOGE may fall back to $0.1 and $0.08; above $0.13 may lead to $0.18.
XRP Price Prediction
XRP has been under pressure from bears trying to close below $0.46, currently priced at $0.465. New lows may appear between $0.41 and $0.46. For a possible reversal, it is necessary to close positions above the $0.5 support level.
Dogecoin Analysis
Dogecoin (DOGE) faces higher selling pressure after failing to exceed $0.13. If the $0.12 support level breaks, DOGE may fall back to $0.1 and $0.08. However, exceeding $0.13 may lead to a gradual rise towards $0.18.
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