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BTC, ETH, XRP, ADA and BNB Price Analysis for June 26

Mon, 06/26/2023 - 18:00
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Denys Serhiichuk
Can one expect market correction this week?
BTC, ETH, XRP, ADA and BNB Price Analysis for June 26
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Bears are about to seize the initiative on the first day of the week, according to the CoinMarketCap ranking.

Top coins by CoinMarketCap

Top coins by CoinMarketCap


The rate of Bitcoin (BTC) has fallen by 0.57% over the previous 24 hours.

Top coins by CoinMarketCap

Image by TradingView

On the daily chart, the rate of Bitcoin (BTC) has bounced off the vital $30,000 zone, which means that buyers are not going to give up so easily. Until the price is above the mentioned area, there is a high chance to see an ongoing rise, followed by a possible resistance breakout.

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Such a scenario is relevant until the end of the month.

Bitcoin is trading at $30,357 at press time.


Ethereum (ETH) could not withstand sellers' pressure, going down by 0.39%.

ETH/USD chart by TradingView

Image by TradingView

From the technical point of view, Ethereum (ETH) is looking worse than Bitcoin (BTC) as the rate is far from the resistance level. Thus, the price is below the $1,900 area, which means that bulls are becoming weaker. A further upward move can be possible only if the bar closes above $1,935.

Ethereum is trading at $1,886 at press time.


XRP is the biggeser loser from the list today, declining by 1.72%.

XRP/USD chart by TradingView

Image by TradingView

XRP has not followed the rise of other coins as its price has failed to fix above the $0.49 zone. If the situation remains the same, traders are likely to see the breakout of the interim support level at $0.4785. If that happens, the drop can continue to the $0.47 area soon.

XRP is trading at $0.4828 at press time.


The rate of Cardano (ADA) has kept up with the fall of XRP.

ADA/USD chart by TradingView

Image by TradingView

The rate of ADA could not fix above the $0.30 zone, which means bears might locally seize the initiative. If today's candle closure occurs below yesterday's low at $0.2885, the decrease may lead to the test of the $0.28 area by the end of the week.

ADA is trading at $0.2890 at press time.


Binance Coin (BNB) is not an exception to the rule, going down by 0.14% since yesterday.

BNB/USD chart by TradingView

Image by TradingView

From the technical point of view, the rate of Binance Coin (BNB) is in the middle of the channel, accumulating energy for a further sharp move. At the moment, there is little chance to see growth or a fall. However, if buyers want to get back in the game, they need to return the price above the $250 mark. Only in that case, one can expect a resistance breakout.

BNB is trading at $237.8 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