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      Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('The cryptocurrency market cannot revive the bullish cycle due to the ongoing bearish influence. However, some coins keep trading in the green zone.
    Advertisement
    
        
    
    
        
                
            
                                            

        
        
                
            
                                            

        
    

<a rel="nofollow" target="_blank" href="https://coinmarketcap.com/">Top coins by CoinMarketCap</a>
BTC/USD

Yesterday morning, the Bitcoin (BTC) price held in a tight consolidation with support at&nbsp;$39,600. After lunch, the pair fell out of the sideways range, and by the end of the day, the price&nbsp;sank to the support of $38,000.
<a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
There was no strong pressure from the bears, so the pair held above the four-hour EMA55. If today this moving average limits the decline, the price might recover to the&nbsp;level of $42,450&nbsp;in the near future.

Bitcoin is trading at $38,690 at press time.

ETH/USD

Yesterday, sellers were able to overcome the support of the four-hour EMA55 and pulled the pair back to the $2,350&nbsp;mark. The first attempts of buyers to return the pair to the area of average prices are visible this morning.
<a rel="dofollow" href="https://www.tradingview.com/symbols/ETHUSD">ETH/USD chart by TradingView</a>
Despite a significant drawdown in price, one&nbsp;expects that in the near future Ethereum might&nbsp;recover above the resistance of $2,800&nbsp;and test the psychological level of $3,000&nbsp;by the end of the week.

Ethereum&nbsp;is trading at $2,378&nbsp;at press time.

ADA/USD

The price of Cardano (ADA) has remained the same since yesterday.
<a rel="dofollow" href="https://www.tradingview.com/symbols/ADAUSD">ADA/USD chart by TradingView</a>
Cardano (ADA) is neither bullish nor bearish from the mid-term scenario. The trading volume is low, which means that sideways trading is dominating at the moment.

<a rel="nofollow" target="_blank" href="#-xrp-doge-link-dot-and-uni-price-analysis-for-june-16">card</a>

If the altcoin slowly approaches the support level, bears might break it and get the price of ADA to the area around $1.

ADA is trading at $1.50 at press time.

BNB/USD

Unlike Cardano (ADA), Binance Coin (BNB) has shown a&nbsp;1.23 percent&nbsp;increase.
<a rel="dofollow" href="https://www.tradingview.com/symbols/BNBUSD">BNB/USD chart by TradingView</a>
Binance Coin (BNB) has successfully bounced off the support at $355, displaying&nbsp;the bulls' power. If buyers can fix above this level, there is a high chance to see a restest of the resistance at $397 within the next days.

BNB is trading at $355 at press time.



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    Advertisement
    
        
    
    
        
                
            
                                            

        
        
                
            
                                            

        
    

<a rel="nofollow" target="_blank" href="https://coinmarketcap.com/">Top coins by CoinMarketCap</a>
BTC/USD

Yesterday morning, the Bitcoin (BTC) price held in a tight consolidation with support at&nbsp;$39,600. After lunch, the pair fell out of the sideways range, and by the end of the day, the price&nbsp;sank to the support of $38,000.
<a rel="dofollow" href="https://www.tradingview.com/symbols/BTCUSD">BTC/USD chart by TradingView</a>
There was no strong pressure from the bears, so the pair held above the four-hour EMA55. If today this moving average limits the decline, the price might recover to the&nbsp;level of $42,450&nbsp;in the near future.

Bitcoin is trading at $38,690 at press time.

ETH/USD

Yesterday, sellers were able to overcome the support of the four-hour EMA55 and pulled the pair back to the $2,350&nbsp;mark. The first attempts of buyers to return the pair to the area of average prices are visible this morning.
<a rel="dofollow" href="https://www.tradingview.com/symbols/ETHUSD">ETH/USD chart by TradingView</a>
Despite a significant drawdown in price, one&nbsp;expects that in the near future Ethereum might&nbsp;recover above the resistance of $2,800&nbsp;and test the psychological level of $3,000&nbsp;by the end of the week.

Ethereum&nbsp;is trading at $2,378&nbsp;at press time.

ADA/USD

The price of Cardano (ADA) has remained the same since yesterday.
<a rel="dofollow" href="https://www.tradingview.com/symbols/ADAUSD">ADA/USD chart by TradingView</a>
Cardano (ADA) is neither bullish nor bearish from the mid-term scenario. The trading volume is low, which means that sideways trading is dominating at the moment.

<a rel="nofollow" target="_blank" href="#-xrp-doge-link-dot-and-uni-price-analysis-for-june-16">card</a>

If the altcoin slowly approaches the support level, bears might break it and get the price of ADA to the area around $1.

ADA is trading at $1.50 at press time.

BNB/USD

Unlike Cardano (ADA), Binance Coin (BNB) has shown a&nbsp;1.23 percent&nbsp;increase.
<a rel="dofollow" href="https://www.tradingview.com/symbols/BNBUSD">BNB/USD chart by TradingView</a>
Binance Coin (BNB) has successfully bounced off the support at $355, displaying&nbsp;the bulls' power. If buyers can fix above this level, there is a high chance to see a restest of the resistance at $397 within the next days.

BNB is trading at $355 at press time.



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&nbsp;

&nbsp;

&nbsp;


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    Original U.Today article

    BTC, ETH, ADA, and BNB Price Analysis for June 17

    Advertisement
    article image
    Denys Serhiichuk
    Can the recent bounce be a sign of the bull trend revival?
    Thu, 17/06/2021 - 18:14
    BTC, ETH, ADA, and BNB Price Analysis for June 17
    Cover image via www.tradingview.com

    Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

    Read U.TODAY on
    Google News

    The cryptocurrency market cannot revive the bullish cycle due to the ongoing bearish influence. However, some coins keep trading in the green zone.

    Advertisement
    Top coins by CoinMarketCap
    Top coins by CoinMarketCap

    BTC/USD

    Yesterday morning, the Bitcoin (BTC) price held in a tight consolidation with support at $39,600. After lunch, the pair fell out of the sideways range, and by the end of the day, the price sank to the support of $38,000.

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

    There was no strong pressure from the bears, so the pair held above the four-hour EMA55. If today this moving average limits the decline, the price might recover to the level of $42,450 in the near future.

    Bitcoin is trading at $38,690 at press time.

    ETH/USD

    Yesterday, sellers were able to overcome the support of the four-hour EMA55 and pulled the pair back to the $2,350 mark. The first attempts of buyers to return the pair to the area of average prices are visible this morning.

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

    Despite a significant drawdown in price, one expects that in the near future Ethereum might recover above the resistance of $2,800 and test the psychological level of $3,000 by the end of the week.

    Ethereum is trading at $2,378 at press time.

    ADA/USD

    The price of Cardano (ADA) has remained the same since yesterday.

    ADA/USD chart by TradingView
    ADA/USD chart by TradingView

    Cardano (ADA) is neither bullish nor bearish from the mid-term scenario. The trading volume is low, which means that sideways trading is dominating at the moment.

    card

    If the altcoin slowly approaches the support level, bears might break it and get the price of ADA to the area around $1.

    ADA is trading at $1.50 at press time.

    BNB/USD

    Unlike Cardano (ADA), Binance Coin (BNB) has shown a 1.23 percent increase.

    BNB/USD chart by TradingView
    BNB/USD chart by TradingView

    Binance Coin (BNB) has successfully bounced off the support at $355, displaying the bulls' power. If buyers can fix above this level, there is a high chance to see a restest of the resistance at $397 within the next days.

    BNB is trading at $355 at press time.

    #Bitcoin Price Prediction #Ethereum Price Prediction #Cardano Price Prediction #Binance coin price prediction
    About the author
    article image
    Denys Serhiichuk

    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, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.

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