Coinbry

  • Market Cap: $2,481,490,892,479.22
  • 24h Vol: $97,449,739,153.56
  • BTC Dominance: 52.02%
BTC, ETH, XRP, BNB, ADA, SOL, DOGE, MATIC, LTC, DOT: Price Analysis on July 29th

BTC, ETH, XRP, BNB, ADA, SOL, DOGE, MATIC, LTC, DOT: Price Analysis on July 29th

Bitcoin’s price remains stagnant, while select altcoins show signs of breaking out of resistance levels.

The recent rate hike by the Federal Reserve did not have a significant impact on Bitcoin.

The crypto market continues to underperform after the US PCE Index came in lower than expected.

Standard Chartered’s head of crypto research predicts Bitcoin to reach $100,000 to $120,000 by 2024.

Bitcoin’s price is struggling to break above the 20-day EMA, indicating selling pressure.

Ether is stuck between moving averages, with a potential breakout on the horizon.

XRP may enter a period of consolidation between $0.67 and $0.85.

BNB’s price action is volatile, with a potential breakout above the resistance line of the triangle.

Cardano rebounded off the breakout level of $0.30, with resistance at $0.34.

Solana bounced off support at $22.30, with resistance at $27.12.

Dogecoin failed to sustain momentum above $0.08 and could slide to the 20-day EMA.

Polygon is indecisive between bulls and bears, with support at $0.65 and resistance at $0.80.

Litecoin is attempting a recovery but faces resistance at the 20-day EMA.

Polkadot struggles to break above the 20-day EMA, indicating selling pressure.

Summary:

– Bitcoin remains stagnant while select altcoins show signs of breaking out.

– The recent rate hike by the Federal Reserve had little impact on Bitcoin.

– The crypto market underperforms after lower-than-expected US PCE Index.

– Standard Chartered predicts Bitcoin to reach $100,000 to $120,000 by 2024.

– Altcoins like Ether, XRP, BNB, Cardano, Solana, Dogecoin, Polygon, Litecoin, and Polkadot show mixed price action with potential breakouts and resistance levels.

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