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BTC, ETH, XRP, and ADA Price Analysis for June 14

Price Predictions
Mon, 06/14/2021 - 14:37
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Denys Serhiichuk
Which coins can surpass the rise of Bitcoin (BTC) soon?
BTC, ETH, XRP, and ADA Price Analysis for June 14
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 new week has started with the bulls' dominance on the cryptocurrency market as all top 10 coins are again in the green zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Over the weekend, the bears were unable to push through the trend line. On Sunday morning, they managed to pierce the downtrend line, but buyers pushed the pair back into the mid-range.

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

In the afternoon, the bullish momentum broke through the resistance of $36,000 and the pair consolidated above the level of $37,150. Late in the evening, the growth continued and the price of Bitcoin (BTC) overcame the resistance of $38,000, and in the morning it came close to the psychological level of $40,000. 

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BTC, ETH, LTC, XLM and DOT Price Analysis for June 13

It should be noted that the overnight growth is not supported by large volumes, and if the bulls cannot strengthen the onslaught this morning, it might not be possible to continue the growth above $41,000, and the Sunday breakout may turn out to be false. In this case, in the first half of the day, the pair will return to the area of ​​average prices.

Bitcoin is trading at $40,426 at press time.

ETH/USD

On Saturday, the pair found support around $2,300 and buyers tried to overcome the resistance of $2,400. On Sunday, a rather weak bullish momentum broke through this level and restored the pair to the 4H EMA55 area.

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

The Ethereum (ETH) price tested the $2,500 mark tonight. The volume of purchases was not large and the pair rolled back a little in the morning. If the bulls increase in volume, it is likely that they may be able to test the resistance of $2,800. Without this, the bears might quickly return the pair to the POC indicator line.

Ethereum is trading at $2,532 at press time.

XRP/USD

On Saturday morning, support at $0.80 kept the pair from falling further and the XRP price recovered slightly by the end of the day. On Sunday, the recovery continued, and at the moment the pair has returned to the area of average prices.

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

If the buying volumes are as small, then the buyers will not be able to overcome the four-hour EMA55, and the bears can roll back the price to the support of $0.80. If today we see a strong bullish impulse, then the price might test the psychological level of $1.

ADA/USD

The rate of Cardano (ADA) has rocketed by 7% over the last day.

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

Cardano (ADA) is trying to fix above the support at $1.55 which means that the mid-term scenario might be bullish. If buyers can keep trading above this level and the volume increases, there is a chance to expect a retest of the resistance at $1.82.

ADA is trading at $1.55 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.