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BTC, ETH, BNB, ADA and DOGE Price Analysis for June 24

Price Predictions
Thu, 06/24/2021 - 11:42
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Denys Serhiichuk
Which coins continue the ongoing rise?
BTC, ETH, BNB, ADA and DOGE Price Analysis for June 24
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 are trying to hold the initiative, however, bears are not giving up as some coins from the top 10 list have come back to the red zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Yesterday in the first half of the day, the price of Bitcoin (BTC) was fixed at 34,000 and moved in a narrow side corridor. In the evening, a lone bullish impulse allowed the pair to test the level of $35,000.

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

At the end of the day, the pair returned to a narrow side corridor, and for this morning - the price ranged to the weak support of $32,500. 

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BTC, ETH, LTC, and XLM Price Analysis for June 23

If buyers break through the level of average prices, then a re-test of lilac resistance of $36,000 is possible. Otherwise, one should expect a bounce back to the line of the down-trend.

Bitcoin is trading at $33,260 at press time.

ETH/USD

Yesterday at lunch, buyers desperately tried to resist the psychological mark of $2,000. However, in the afternoon, the price of Ethereum (ETH) rolled back to the $1,900 area.

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

Despite the fact that at night the buyers tried to restore a couple in the consolidation zone, the price of ETH never could overcome the psychological barrier. This morning the initiative is on the side of the sellers, and the couple might continue to roll back to the support of $1,860. If the bears fail to sell the top border of the blue corridor, the bulls may once again try to return a couple to the four-hour EMA55 area.

Ethereum is trading at $1,930 at press time.

BNB/USD

The rate of Binance Coin (BNB) has risen by 2.71% since yesterday.

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

Binance Coin (BNB) seems that its not going to stop its growth as the native exchange coin has successfully fixed above the vital level of $300. In this case, the ongoing rise may continue to the mirror level at $325 where bears may seize the initiative.

BNB is trading at $300.10 at press time.

ADA/USD

Cardano (ADA) is even more gainer than Binance Coin (BNB) as its rate has rocketed by 5% over the last day.

ADA/USD chart byTradingView
ADA/USD chart by TradingView

After a false breakout of the $1.33 level, the price is coming back which means that a potential breakout may happen. If bulls manage to fix above this level, the resistance at $1.56 may be attained soon.

ADA is trading at $1.3359 at press time.

DOGE/USD

DOGE is the top gainer today, rising by 7.45%.

DOGE/USD chart byTradingView
DOGE/USD chart by TradingView

DOGE is not an exception from the rule as it is about to test the resistance at $0.27 soon. The growth is supported by the low selling trading volume which means that buyers are more powerful than sellers at the moment.

DOGE is trading at $0.3245 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.