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BTC, ETH, XRP, ADA and BNB Price Analysis for July 3

Price Predictions
Sat, 07/03/2021 - 16:35
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Denys Serhiichuk
Can altcoins return to their previous positions earlier than Bitcoin (BTC)
BTC, ETH, XRP, ADA and BNB Price Analysis for July 3
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 started with a slight growth of the cryptocurrency market.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) is trying to fix trading above $33,500, rising by 2.38%.

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

Bitcoin keeps trading above $32,000. This means that bulls are not giving up chances to come back to $35,000. The selling trading volume has declined, confirming the weakness of bears.

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BTC, ADA, and DOT Price Analysis for July 2

In this case, the price of the major cryptocurrency has the possibility to return to the zone of the highest liquidity around $37,000 by the end of next week.

Bitcoin is trading at $33,854 at press-time.

ETH/USD

Ethereum (ETH) is bigger gainer than Bitcoin (BTC) as the ETH price has increased by 6%.

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

Ethereum (ETH) is about to continue rising as the altcoin has made the false breakout of the vital $2,000 mark. That is why it might reach the recently formed resistance at $2,278 within the next few days.

Ethereum is trading at $2,180 at press-time.

XRP/USD

The XRP price has risen by 4.23% since yesterday.

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

XRP has also successfully bounced off the support at $0.65 against the decreasing selling trading volume. If bulls can hold the initiative, XRP may return to the zone around EMA 55 at $0.86.

XRP is trading at $0.6740 at press-time.

ADA/USD

Cardano (ADA) is the biggest gainer today, rocketing by 7%.

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

Despite the sharp growth, the ADA rise may continue as the nearest resistance is located only at the $1.54 level. Thus, the false breakout of the support at $1.33 makes the position of bulls even stonger. Respectively, it is more likely that the upcoming week may be rather bullish than bearish.

ADA is trading at $1.39 at press-time.

BNB/USD

Binance Coin (BNB) failed to show a performance similar to Cardano (ADA) as the growth has accounted only for 3.47% over the last 24 hours.

BNB/USD chart byTradingView
BNB/USD chart byTradingView

Binance Coin (BNB) has been trading in the narrow range for a long time. This means that a big position has been accumulated so far. Bears have failed to fix below $250, passing the initiative to bulls. In this regard, buyers now have more power to break through the $309 level, which has been an obstacle many times before.

BNB is trading at $293 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.