Cryptocurrency presents a challenge to the market Latest news on digital currency

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.
You can follow our news on Telegram, Twitter (X), and Coinmarketcap Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies are highly volatile, thus there are risks, and they should conduct their own research