Main navigation

BTC, ETH, XRP, BNB and ADA Price Analysis for June 8

Wed, 06/08/2022 - 16:04
article image
Denys Serhiichuk
How long is the current rise of the market going to last?
BTC, ETH, XRP, BNB and ADA Price Analysis for June 8
Cover image via

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.

Read U.TODAY on
Google News

Bulls have continued yesterday's sharp growth as most of the coins are in the green zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap


Bitcoin (BTC) is rising by 2% over the last 24 hours.

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

Bitcoin (BTC) has made a false breakout of the $30,000 mark and is again trading above this vital level. However, at the moment, one needs to pay close attention to $32,000, which is vital for buyers to fix above for a further rise.

BTC, ETH and XRP Price Analysis for June 6

If they manage to do that, there are chances to see an upward move to $34,000 by the end of the month.

Bitcoin is trading at $30,520 at press time.


Ethereum (ETH) has gained less than Bitcoin (BTC) with growth of 1.37%.

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

Despite today's rise, Ethereum (ETH) has not accumulated energy for a continued bull run. Buyers need to keep the rate above $1,800 if they want to see the rate of the main altcoin near $1,900. Such a scenario is relevant until the end of the week.

Ethereum is trading at $1,811 at press time.


XRP is following the rise of Bitcoin (BTC), going up by 2.03% over the previous 24 hours.

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

XRP keeps fighting for the $0.40 mark as, if bulls can hold it and the daliy candle fixes above it, one can expect growth to the $0.41-$0.42 zone. In addition, the volume remains high, which means that this zone is vital for traders in terms of further price action.

XRP is trading at $0.40215 at press time.


Binance Coin (BNB) is not an exception to the rule, rising by 3.53% since yesterday.

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

Binance Coin (BNB) is below the $300 mark, which means that bulls have not seized the initiative yet. The price is located in the middle of the wide channel between the support at $238 and the resistance at $336. In this case, there is a possibility to see continued sideways trading in the range of $290-$310.

BNB is trading at $292.7 at press time.


Cardano (ADA) is the biggest gainer from the list today, going up by 6.43%.

ADA/USD chart by Trading View
ADA/USD chart by Trading View

Cardano (ADA) has come back to its resistance at $0.6856. If the daily candle fixes around this zone, the breakout may be a prerequisite for a sharp rise to the next level at $0.70.

ADA is trading at $0.659 at press time.

article image
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