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BTC, ETH, XRP, BCH, BSV, BNB Weekly Price Analysis - Which Coin Will Grow Most at Start of June?

Price Predictions
Mon, 05/25/2020 - 14:14
Denys Serhiichuk
Are there any similar trading patterns among Bitcoin (BTC), Ethereum (ETH), XRP, Bitcoin Cash (BCH), Bitcoin SV (BSV), and Binance Coin (BNB)?
BTC, ETH, XRP, BCH, BSV, BNB Weekly Price Analysis - Which Coin Will Grow Most at Start of June?
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Altcoins could not sustain the rising trend as Bitcoin (BTC) dumped below $9,000 yesterday. As a result, all of the top 10 coins have come back to the red zone while the biggest loser is the chief crypto, having declined by 5.16% over the past day.

Top 10 coins by Coinstats
Top 10 coins by Coinstats

The key data for Bitcoin (BTC), Ethereum (ETH), XRP, Bitcoin Cash (BCH), Bitcoin SV (BSV), and Binance Coin (BNB) are below.

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin

BTC

$161 010 906 681

$8 757.58

$34 930 283 396

-4.52%

Ethereum

ETH

$22 515 858 720

$202.71

$12 203 561 368

-2.23%

XRP

XRP

$8 493 932 472

$0.192550

$1 617 568 614

-3.06%

Bitcoin Cash

BCH

$4 197 231 417

$227.90

$2 748 931 302

-2.04%

Bitcoin SV

BSV

$3 398 962 895

$184.57

$1 288 015 711

-3.54%

Binance Coin

BNB $2 505 517 048 $16.11 $276 822 720 -2.56%

BTC/USD 

Over the weekend, Bitcoin (BTC) again fell below $9,000. Last night, support was not upheld at $8,800, after which Bitcoin (BTC) set new local lows around $8,620. This was followed by an active reaction from buyers, who bought the strait. The price of the first cryptocurrency has been trying to return to above $8,800 for several hours.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

Bitcoin (BTC) could not pass the resistance at $9,300, after which there was a breakdown of $8,800. In case of a breakdown of $8,800, the nearest target was located at $8,535. As a result, the BTC price did not reach this mark and set the next local minimum at $8,642. If in the near future, buyers do not push the price back above $8,800, BTC may continue to decline to $8,535.

Bitcoin is trading at $8,772 at press time.

ETH/USD 

Last weekend, the price of Ethereum (ETH) was unable to continue recovering in the area of ​​weekly highs and rolled back below $208.18.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

Last night, buyers made a desperate attempt to break through the resistance of the Point Of Control indicator line ($208.18), but this dropped the Ether price to below the psychological mark of $200. After it bottomed out in the ​​$197 area, the price rebounded to ​​$202. If there is no strong pressure from the bears today, then for some time the pair will be able to consolidate in the $​​200 support area, but soon sellers will be able to increase volumes which could cause the price to drop below $192.57.

Ethereum is trading at $202.92 at press time.

XRP/USD 

On Saturday, the XRP price managed to pierce the upper boundary of the downward channel, but it did not break out from the local down-trend corridor. On Sunday, the price tried to stay above the psychological mark of $0.20, but in the afternoon, at small volumes, sellers brought the pair back into the downward channel.

XRP/USD chart by TradingView
XRP/USD chart by TradingView

Last night, the price dumped to $0.175 on Bitstamp. On Binance and Bitfinex, the decline was limited to $0.189. In the morning, the pair rebounded to ​​$0.194 and is now trying to recover in the region of average prices. Summing up, the decline may resume soon and a rollback to the lower border of the corridor will continue.

XRP is trading at $0.1936 at press time.

BCH/USD

Bitcoin Cash (BCH) is today's 'gainer' as the coin has lost the least compared to other coins from our list. The decline has amounted to only 1.73% since yesterday.

BCH/USD chart by TradingView
BCH/USD chart by TradingView

On the daily chart, Bitcoin (BCH) has already entered a correction phase after a failed attempt at retesting the $250 level. The trading volume is dropping slightly. However, the coin might trade sideways for some time as it is located in a high liquidity zone. The lines of the MACD indicator have crossed each other having confirmed the ongoing decline. All in all, traders can expect Bitcoin Cash (BCH) to reach $200 by the beginning of June 2020.

Bitcoin Cash is trading at $229.01 at press time.

BSV/USD

Bitcoin Cash (BCH) has declined much more as it has lost 3.89% of its value over the past 24 hours.

BSV/USD chart by TradingView
BSV/USD chart by TradingView

Bitcoin SV (BSV) has similar trading patterns as Bitcoin Cash (BCH). The lines of the Bollinger Bands indicator are declining, which means that the growth correction has started. One needs to pay close attention to the support level at $170. If bulls cannot hold that, then the bearish trend will return. At the moment, the second scenario is more likely as buyers now have no strength to buy back, based on the trading volume.

Bitcoin SV (BSV) is trading at $183.96 at press time.

BNB/USD

Binance Coin (BNB) is showing the second weakest decline of all of the coins from our list. The decrease has amounted to 2% over the past 24 hours while over the past week it has amounted to 1.87%.

BNB/USD chart by TradingView

Binance Coin (BNB) is an exception to the other coins as it still has growth potential. On the daily time frame, the coin has formed a bullish divergence. Moreover, the trading volume remains relatively high. Thus, the biggest liquidity zone is at current levels. If such a situation continues, Binance Coin (BNB) might reach the resistance at $18 by the first days of June.

Binance Coin is trading at $16.18 at press time.

About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.

Ethereum (ETH) Price Analysis — Will Bulls Reach $240 In Current Bounce?

Price Predictions
Tue, 07/07/2020 - 10:22
Denys Serhiichuk
Will Ethereum (ETH) get to $240 in the ongoing growth?
Ethereum (ETH) Price Analysis — Will Bulls Reach $240 In Current Bounce?
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

The positive mood remains on the cryptocurrency market. While Bitcoin (BTC) is rising slightly, altcoins are outperforming the leading crypto. The top gainer from the 10 most popular coins is Bitcoin SV (BSV), whose rate has risen 14.34% over the past day.

Top 10 coins by Coinstats
Top 10 coins by Coinstats

The market capitalization has also increased against the rise of the market. At the moment, its index is $265.3 Bln.

Market Capitalization
Market Capitalization

The relevant data for Ethereum is below.

  • Name: Ethereum

  • Ticker: ETH

  • Market Cap: $26,416,726,830

  • Price: $236.59

  • Volume (24h): $8,170,001,858

  • Change (24h): 1.61%

The data is relevant at press time.

ETH/USD: Is the rise coming to an end?

The price of Ethereum (ETH) showed steady growth yesterday. During the day, the pair broke through the resistance at $233 and tested the POC line ($243.34) late at night. In the Asian session, growth stopped and the price rolled back to $240.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

If the bears strengthen the onslaught, then they can return the pair to $233. On the other hand, on the daily time frame, the Stoch RSI indicator lines have not yet reached the overbought zone and there is still some potential for growth. Overall, after a short pause, bulls might try to test the resistance at $247.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

On the 4H chart, Ethereum (ETH) is forming a Triangle pattern. The decline is supported by the rising trading volume which means that there is still space for going deeper. In this case, the first stop might be at the zone around $232 where most of the liquidity is concentrated. This scenario may unfold within days.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

On the bigger time frame, the growth potential remains, despite the highs becoming lower and lower. The bullish trend since March 2020 has not been broken so far, which means bulls may still set new local peaks. Such a statement is confirmed by the rising channel, which has continued since the end of June. If bulls keep pushing the altcoin higher, traders can expect Ethereum (ETH) to trade around $245 by the end of July.

Ethereum is trading at $235.65 at press time.

About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.