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BTC, ETH, XRP, BNB, ADA, and XLM Price Analysis for June 19

Price Predictions
Sat, 06/19/2021 - 15:18
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Denys Serhiichuk
Which coin is likely to grow faster than others at the current bounce back?
BTC, ETH, XRP, BNB, ADA, and XLM Price Analysis for June 19
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 cryptocurrency market remains under bearish influence as the majority of the top 10 coins are in the red zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Saturday started with the continued fall as the price of the chief crypto has gone down by 4.79% over the last day.

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

From the technical point of view, Bitcoin (BTC) is located in the sideways trend with neither bearish, nor bullish signals. In the short-term scenario, one can expect a slight rise to the zone of the highest liquidity around $37,000.

Related
BTC, ETH, and XRP Price Analysis for June 18

Thus, the selling trading volume has declined, which means that bulls might seize the initiative.

Bitcoin is trading at $35,656 at press-time.

ETH/USD

Ethereum (ETH) is less bearish than Bitcoin (BTC) as the price of the main altcoin has declined by 2.87%.

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

According to the technical analysis, the ongoing fall is more likely than a bounce back as bulls did not react after a false breakout of the $2,300 level. In this case, there is a high chance to expect a retest of the support at $2,040 soon.

Ethereum is trading at $2,221 at press-time.

XRP/USD

The XRP price has gone down by almost 5% since yesterday.

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

XRP is as bearish as Ethereum (ETH) and there is a high possibility to see a test of the support at $0.75 if bulls cannot seize the iniaitive now. The $0.75 level is at the close retest, which means that its breakout can prolong the decline to another level at $0.65.

XRP is trading at $0.7869 at press-time.

BNB/USD

Binance Coin (BNB) is not an exception from the rule, falling by 3% over the last day.

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

Binance Coin (BNB) has successfully bounced off the support at $322, having confirmed the bulls' strength. The selling trading volume has slightly gone down. This means that buyers can come back to the resistance at around $400 shortly if they keep trading above the support.

BNB is sitting at $338 at press-time.

ADA/USD

The price of Cardano (ADA) has lost 3% since yesterday, however, over the past week the price has been 0.96% up.

ADA/USD chart byTradingView
ADA/USD chart byTradingView

Cardano (ADA) has bounced back from the support at $1.44, supported by a low trading volume. At the moment, buyers can keep pushing the price higher to the nearest resistance at $1.45. However, if they lose the iniaitive, sellers might make a breakout of the support at push the price below $1.4.

ADA is trading at $1.41 at press-time.

XLM/USD

Stellar (XLM) has lost the least of all today as its price has gone down by only 3%.

XLM/USD chart byTradingView
XLM/USD chart byTradingView

Stellar (XLM) has almost touched the support at $0.27 and bounced off. This means that buyers might have seized the initiative. Respectively, there is a high probability to see the ongoing rise to the zone of the highest liquidity around $0.39 next week.

XLM is trading at $0.30 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.