Coinbry

  • Market Cap: $2,687,411,727,937.25
  • 24h Vol: $131,638,294,919.22
  • BTC Dominance: 50.82%
7/1 Price Analysis: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), Solana (SOL), Litecoin (LTC), Polygon (MATIC), Polkadot (DOT)

7/1 Price Analysis: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), Solana (SOL), Litecoin (LTC), Polygon (MATIC), Polkadot (DOT)

The rejection of ETF applications by the SEC caused a temporary dip in Bitcoin and altcoin prices, but the shallow fall suggests that buyers are attracted to lower levels. The SEC returned the applications due to a technical issue, allowing asset managers to refile after providing clarifications. Short-term holders have been sending coins to exchanges, indicating jittery sentiment.

Key points:

– Bitcoin is consolidating near the $31,000 resistance level, with an upside resolution expected.

– Ether bounced off the moving averages, indicating buyer interest at lower levels.

– BNB slipped below support but saw aggressive buying, with the 20-day EMA as a key level to watch.

– XRP found strong buying at the $0.44 support level, with resistance at the 20-day EMA.

– Cardano remains range-bound between $0.24 and $0.30, with a close above the 20-day EMA needed for bullish momentum.

– Dogecoin continues to defend the $0.06 support level, with a neutral outlook in the near term.

– Solana broke below support but quickly turned up, with resistance at $18.70.

– Litecoin saw a dip below moving averages but was bought up by bulls, with resistance at $106.

– Polygon is forming a bullish ascending triangle pattern, with support at $0.55 and resistance at $0.69.

– Polkadot held its ground above the 20-day EMA, with resistance at $5.15 and support at $4.22.

Summary:

– Bitcoin and altcoins experienced a temporary dip following the SEC’s rejection of ETF applications, but the shallow fall suggests buyer interest at lower levels.

– Short-term holders have been sending coins to exchanges, indicating jittery sentiment.

– Key levels to watch include the $31,000 resistance for Bitcoin, the $1,937 resistance for Ether, and the $0.44 support for XRP.

– Other cryptocurrencies like BNB, Cardano, Dogecoin, Solana, Litecoin, Polygon, and Polkadot are also showing various levels of support and resistance.

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