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BTC, ETH, BNB, ADA and DOGE Price Analysis for July 10

Price Predictions
Sat, 07/10/2021 - 14:19
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Denys Serhiichuk
Can Bitcoin (BTC) seize the iniative and start rising faster than the altcoins?
BTC, ETH, BNB, ADA and DOGE Price Analysis for July 10
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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The weekend has begun with a neutral mood on the cryptocurrency market as neither bulls nor bears are dominating at the moment.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Even on the weekend, Bitcoin (BTC) has shown growth of 2.19% over the past day.

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

The last daily candle closed near $34,000, confirming ongoing bullish pressure. However, one can now see a slight rollback against the low trading volume. Despite this fact, the mid-term scenario remains bullish if the leading crypto keeps trading above the vital support of $32,000.

Bitcoin is trading at $33,707 at press time.

ETH/USD

Ethereum (ETH) has not followed the rise of Bitcoin (BTC) as its rate has gone down by 0.41%.

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

Ethereum (ETH) has bounced off the support at $2,084. However, growth has not followed it. If the rate of the main altcoin fixes below it, there are good chances of seeing a sharp decline to the next support zone around $1,730.

Ethereum is trading at $2,113 at press time.

BNB/USD

Binance Coin (BNB) has gained more than Ethereum (ETH) as the price of the native exchange coin has risen by 1.26%.

BNB/USD chart byTradingView
BNB/USD chart byTradingView

From the technical point of view, Binance Coin (BNB) remains bullish until it keeps trading above the support level at $309. The selling trading volume is going down, which means that a decline is unlikely.

Related
BTC, XRP and ADA Price Analysis for July 9

If nothing changes, the liquidity zone around $340 may be achieved next week.

BNB is trading at $313 at press time.

ADA/USD

The rate of Cardano (ADA) is almost unchanged since yesterday.

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

On the daily time frame, Cardano (ADA) is accumulating power after a false breakout of the $1.47 mark. The rise may continue as the selling volume is low. If the altcoin comes back to the resistance, there is a good chance of seeing its breakout.

ADA is trading at $1.34 at press time.

DOGE/USD

DOGE has gained much more with a price change of +2.52%.

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

DOGE has also bounced off its support level at $0.20 and now keeps trading above it. At the moment, the altcoin is located in the sideways range. However, if bears seize the initiative and fix below the support, the sharp price decrease may lead DOGE to $0.16 shortly.

DOGE is trading at $0.2175 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.