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BTC, ETH, ADA, BNB, and DOGE Price Analysis for July 4

Sun, 07/04/2021 - 14:38
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Denys Serhiichuk
How long can altcoins rise faster than Bitcoin (BTC)?
BTC, ETH, ADA, BNB, and DOGE Price Analysis for July 4
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.

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Bulls keep controlling the situation as the majority of the top 10 coins are in the green zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) has fixed above $35,000, rising by 2.38%.

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

Bitcoin (BTC) is coming back to the resistance zone at $36,125. The ongoing rise is accompanied by the low trading volume which means that traders are still accumulating power for the sharp move.

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In this case, if bulls break the mentioned level, there are high chances to return to the vital level at $40,000 soon.

Bitcoin is trading at $35,322 at press time.

ETH/USD

Ethereum (ETH) is a bigger gainer than Bitcoin (BTC) as the rate of the chief altcoin has increased by 4.54% over the last day.

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

Ethereum (ETH) is approaching the liquidity zone at $2,400. If buyers manage to break this level, they might easily achieve the nearest resistance at $2,950. In another case, the false breakout may make the positions of bears even stronger which can push back the rate to the support at $1,730.

Ethereum is trading at $2,310 at press time.

ADA/USD

The rate of Cardano (ADA) is almost unchanged since yesterday, going up by 0.75%.

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

Even though the rate of Cardano (ADA) remains the same, the bullish scenario is more likely than the bearish one. It is confirmed by the fact that the altcoin has fixed above the $1.33 mark. The low buying trading volume might be a prerequisite for the ongoing rise to the next important mark at $1.64.

ADA is trading at $1.4334 at press time.

BNB/USD

The rate of Binance Coin (BNB) has risen by 3.17% since yesterday.

BNB/USD chart byTradingView
BNB/USD chart byTradingView

Binance Coin (BNB) is accumulating a position for the possible ongoing rise as the native exchange coin has fixed above $300 mark. At the moment, bulls might be trying to test the liquidity zone around $340 where bears might again seize the initiative.

BNB is trading at $304 at press time.

DOGE/USD

DOGE is following the price action of Cardano (ADA) as its rate also remains the same since yesterday.

DOGE/USD chart by TradingView
DOGE/USD chart by TradingView

DOGE remains trading in the narrow range getting energy for the further move. At the moment, the altcoin is closely located near the resistance at $0.2895. If bulls can break it, there are high chances to get to the liquidity zone around $0.32 shortly.

DOGE is trading at $0.2475 at press time.

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