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

Mon, 07/03/2023 - 18:00
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Denys Serhiichuk
Can cryptocurrency market keep staying bullish for long?
BTC, ETH, XRP, ADA, BNB, DOGE and MATIC Price Analysis for July 3
Cover image via www.tradingview.com

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Most of the coins have come back to the bullish trend, according to the CoinMarketCap ranking.

Top coins by CoinMarketCap

Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has risen by 0.56% over the last 24 hours.

BTC/USD chart by TradingView

Image by TradingView

Despite today's slight rise, the price of Bitcoin (BTC) keeps trading in the middle of the channel, accumulating energy for a further sharp move. If buyers can get the rate back to the $31,000 area, one can expect a resistance breakout, followed by a blast to the $32,000 zone.

Bitcoin is trading at $30,870 at press time.

ETH/USD

Ethereum (ETH) has outperformed Bitcoin (BTC), going up by 2.17%.

ETH/USD chart by TradingView

Image by TradingView

On the daily chart, the rate of Ethereum (ETH) keeps rising after a breakout of the level at $1,927. If today's bar closes above yesterday's peak, the accumulated strength is supposed to be enough for a move to the crucial zone of $2,000.

Ethereum is trading at $1,969 at press time.

XRP/USD

The rate of XRP could not join the rise of other coins, falling by 1.52% since yesterday.

XRP/USD chart by TradingView

Image by TradingView

The price of XRP remains far from key levels, which means that one should not expect any sharp moves soon. In this regard, the more likely scenario is ongoing sideways trading in the area of $0.4750-$0.49 until mid-July.

XRP is trading at $0.4823 at press time.

ADA/USD

The price of Cardano (ADA) has increased by 1.39% over the last 24 hours.

ADA/USD chart by TradingView

On the daily time frame, the rate of Cardano (ADA) is more bullish than bearish as the price is slowly approaching the resistance level at $0.3049. If the bar closes above the $0.30 zone, traders are likely to see a breakout within the next few days.

ADA is trading at $0.2944 at press time.

BNB/USD

The price of Binance Coin (BNB) has followed ADA, growing by 1.57%.

BNB/USD chart by TradingView

Image by TradingView

Despite today's rise, the price of Binance Coin (BNB) has once again failed to fix above the resistance level at $253.4. If the candle closes far from it, bears might locally seize the initiative that can lead to a drop to the $240 zone.

BNB is trading at $248.6 at press time.

DOGE/USD

DOGE is not an exception to the rule, rising by 0.82%.

DOGE/USD chart byTradingView

Image by TradingView

The rate of DOGE is trying to get to the interim level at $0.07. The selling volume has fallen, which means that bulls are locally more powerful than bears. If they can get to the mentioned mark, the upward move may continue to the resistance at $0.07199.

DOGE is trading at $0.06792 at press time.

MATIC/USD

The price of MATIC has increased by 3.63%.

MATIC/USD chart by TradingView

Image by TradingView

From the technical point of view, the rate of MATIC has almost reached the resistance at $0.7108. If the bar closes around it or even above, the growth may lead to the test of the $0.75 zone shortly.

MATIC is trading at $0.6968 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.