Price analysis 7/1: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, LEO, SHIB

According to Coinglass, Bitcoin fell 56.2% during the second quarter 2022. This is the worst quarter for Bitcoin considering that the third quarter 2011, when BTC rates fell 67%. The majority of the damage was done by June, when Bitcoin plummeted 37%, the biggest regular monthly drawdown since September 2011.

BTC/USDT

Deutsche Bank analysts likewise have a favorable opinion on Bitcoin. According to a recent report by Deutsche Bank experts, the S&P 500 could regain lost ground and rally back to January levels. Due to Bitcoins close relationship with the S&P 500, this could be an advantage.

Crypto financiers are not doomed to failure. Nikolaos Panigirtzoglou, a JPMorgan strategist, specified that cryptos “Net Leverage” metric recommends that it might remain in its last days. Positive sign is the willingness of crypto companies to bail out distressed crypto companies with more powerful balances.

Will the sag continue or will buyers be drawn in to lower levels? Lets take a look at the charts for the top 10 cryptocurrencies to see what happens.

Daily cryptocurrency market efficiency. Source: Coin360

Bitcoin fell below $19,637 as the immediate assistance on June 30, however the candlesticks long tail shows that there was strong buying at lower levels. Bulls attempted to capitalize on the momentum of July 1 and push Bitcoin towards $22,000 overhead resistance, however the candlesticks long tail reveals that bears remain active at higher levels.

Daily chart of BTC/USDT Source: TradingView

BNB fell listed below $211 assistance on June 30, but strong purchasing was drawn in by the longer tail of the days candlestick.

DOT/USDT.

Contrary to what you may think, if the cost bounces off the $1,000 level, the bulls will try to push the set over the 20-day EMA. It will suggest that bears are losing their grip if they handle to pull it off. A break above $1,280 might see bullish momentum get.

The XRP/USDT currency pair could be up to $0.28, where bulls will likely mount a strong defense. If the cost recovers from $0.28, it will show that bulls are continuing to purchase at lower levels. The bulls will try to press the cost higher than the 50-day SMA ($ 0.37).

The next leg in the sag could start if bears drop below $0.28. This might lead to a decrease in the pair to $0.23.

The Shiba Inu (SHIB), closed below $0.000010 June 28, however the bears may be able to sustain lower levels. Bulls purchased the dip, but are having problem pushing the price higher than the 50-day SMA ($ 0.000010).

LEO/USD.

BNB/USDT.

Contrary to what is being stated, if the cost bounces off the present level the bulls will try to clear the overhead resistance at 20-day EMA. If they prosper, the pair might rally to the 50 day SMA ($ 8.89).

XRP/USDT.

The purchasers drove the price up to $6.50 July 1, the candlesticks long wick reveals that bears are purchasing rallies. The LEO/USD set might increase to $6.50 if bulls can keep the rate above $6.00.

The buyers will attempt to overcome the overhead hurdle at $0.08 ($ 50-day SMA) if the rate increases from its present level. It will indicate that the bears are losing their grip if they succeed. The pair might rally to $0.10 overhead resistance.

If they are successful, offering could choose up and the price of the Ethereum/USDT set might fall to $881. The BNB/USDT set might retest $183 as support if the rate falls listed below $211. If the price falls below $0.06 it will indicate that bears are back in control. The DOT/USDT pairing could begin the next leg in the downtrend if the cost falls listed below $6.36. It will indicate a favorable position for bears if the cost falls listed below $0.000009.

Both moving averages are flattened and the RSI is at or near the midpoint. This suggests that there is balance between sellers and buyers. It will indicate a favorable position for bears if the price falls below $0.000009. The SHIB/USDT exchange might fall to $0.000007, which is the important support.

Daily chart of DOGE/USDT Source: TradingView.

, if the price falls listed below $0.06 it will show that bears are back in control.. Sellers will try to decrease the DOGE/USDT cost set listed below $0.05 in order to resume the downtrend. The next support is at $0.04.

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The Ether (ETH), fell below $1,050 as the support on June 30, but the bulls bought the dip. The purchasers attempted to extend the healing, the candlesticks long wick shows that bears are purchasing on small rallies.

Daily chart of ETH/USDT Source: TradingView.

Daily chart of XRP/USDT Source: TradingView.

The 20-day EMA ($ 7.74), has actually started to decrease and the RSI remains in the unfavorable area. This shows that bears have taken control. The DOT/USDT pairing could start the next leg in the drop if the cost falls listed below $6.36. Support lies at $5.00.

Breaking below $17,622 may signify the resumption or continuation of the drop. Next support is at $15,000.

The RSI in unfavorable zone and the 20-day EMA that are both downsloping suggest that the path to the disadvantage is the most likely. The ADA/USDT pairing could fall to $0.40 if the price falls below $0.44.

SHIB/USDT.

This level is expected to be defended by the bulls as a reversal of the drop could occur if it fractures. Support is located at $0.33.

Daily chart LEO/USD TradingView.

Daily chart of SOL/USDT Source: TradingView.

DA/USDT.

Daily chart of DOT/USDT Source: TradingView.

The pair may increase to $0.000012 if bulls push the cost higher than the 50-day SMA. This resistance level might again be a barrier, but if it is crossed, the rally may reach $0.000014.

Another possibility is the cost rebounding listed below $30. This will signal accumulation at lower levels. The bulls will attempt to conquer the overhead hurdle at moving averages, pressing the cost approximately $50.

, if the price rebounded listed below $0.44 or $0.40 purchasers may attempt to break the overhead resistance at moving averages.. If they prosper, the pair might be able to begin a rally towards $0.70.

Dogecoins (DOGE), is seeing a strong fight in between bulls and bears at the 20-day EMA ($ 0.07). The RSI is at the midpoint, and the 20-day EMA has flattened. This shows that sellers have a small advantage.

The bears should pull the price listed below $5.63, in order to invalidate the bullish view. The set could drop to the 50 day SMA ($ 5.27) if that occurs.

Daily chart BNB/USDT TradingView.

UNUS SED LEO (LEO), declined on June 30, however the bulls didnt enable the price slip back into the descending channel. This recommends that buyers are aiming to turn the resistance line into assistance.

Polkadot, (DOT), broke listed below $7.30 support on June 29. The sellers tried to press it back above the June 30 level however stopped working. This suggests that bears are costing every minor rally.

ETH/USDT.

Daily chart ADA/USDT Source: TradingView.

Danger is inherent in every investment or trading relocation. Prior to making any financial investment or trading move, you need to do your research study.

If the price rises above $201,907 (the 20-day exponential moving mean), this negative view might be revoked. This might unlock to a rally towards the 50-day basic motion average (SMA), which is currently at $26,361.

Solana (SOL), fell below $33 as the instant support on June 30, but the candlesticks long tail reveals that there was strong buying at lower levels. The purchasers attempted to push the rate higher than the 20-day EMA ($ 36), the bears refused to relent.

Cardano (ADA), acquired $0.44 on June 30, but bulls couldnt clear the 20-day EMA ($ 0.49) July 1. This indicates that the bears are continuing to defend the moving averages strongly.

The probability of a retest at $17.622 is increased if the rate stays below $19,637 Bears are in control of the oversold zone, as indicated by the downsloping moving Averages and relative strength index.

The purchasers tried to extend the recovery, the candlesticks long wick reveals that bears are aggressively defending the 20 day EMA ($ 234). Sellers have an advantage because of the RSI in negative territory and the downsloping 20 day EMA.

On June 30, Ripple (XRP), attempted to recuperate however the bulls could not press the rate higher than the overhead resistance of $0.35. This shows that bears will not let go of their benefit.

Bears will attempt to lower the cost listed below $1,000 mental level. Selling might pick up and the rate of the Ethereum/USDT set could fall to $881 if they are successful. If this level is broken, the set could resume its drop. The $681 level is the next assistance.

Sellers will try to get the upper hand by decreasing the cost listed below $30. The SOL/USDT exchange rate might fall to $27 and then to $25.86 if they succeed. Closing and breaking listed below this level might symbolize the resumption or extension of the drop.

The BNB/USDT set may retest $183 as support if the rate falls listed below $211. The downtrend could resume if this support breaks. The next assistance level is at $150.

Related: What bearishness? This token is making new highs. Its up 300% in 2022 versus Bitcoin.

Daily chart of SHIB/USDT TradingView.

If the rate rises and breaks above 20-day EMA, this negative view may be revoked in the short-term. This might open the way for a rally towards the 50-day SMA ($ 271).

SOL/USDT.

DOGE/USDT.

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Jeannine Cruz

Jeannine Cruz– Earnings I am known as Jeannine Cruz, I am a writer and an industrialist by profession. My age is 32 years. My aim is to gather the attention of the targeted audience without being boring and unexciting. I like to utilize the free time in writing my views and thoughts for my book lovers or readers. My most preferred articles are usually about finance and business; however, I have written various topics in my articles. I do not have a specific genre. I get very creative when I have to express myself, I often sing, write or draw to portray my feelings. When it comes to my free time or you can say ‘ME-TIME’, I love to play with my cat, sleep an extra hour, or play my favorite video games.

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