Price: $0.38502 2.0227%
Market Cap: 56.55B 1.7502%
Volume (24h): 8.31B 0.4%
Dominance: 1.7502%
Price: $0.38502 2.0227%
Market Cap: 56.55B 1.7502%
Volume (24h): 8.31B 0.4%
Dominance: 1.7502% 1.7502%
  • Price: $0.38502 2.0227%
  • Market Cap: 56.55B 1.7502%
  • Volume (24h): 8.31B 0.4%
  • Dominance: 1.7502% 1.7502%
  • Price: $0.38502 2.0227%
Home > Information news > Price analysis 6/14: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, SHIB, AVAX

Price analysis 6/14: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, SHIB, AVAX

Release: 2024/06/15 01:07 Reading: 615

Original author:Cointelegraph

Original source:https://coinmarketcap.com/community/articles/666c6ebaf90e506906973eae

Price analysis 6/14: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, SHIB, AVAX

Bitcoin Price Analysis

Bitcoin (BTC) has retreated to its narrow range support, indicating ongoing selling pressure from bears. Veteran trader Peter Brandt suggests a potential decline to $60,000 and eventually $48,000. However, Bitcoin whales remain undeterred, continuing their buying spree. The number of whales holding at least 1,000 BTC is approaching its all-time high.

Ethereum Price Analysis

Ether (ETH) witnessed significant accumulation on June 12, with 298,000 ETH purchased in a 24-hour period. Despite this, its recovery was halted at the 20-day EMA ($3,618), signaling a shift towards negative sentiment. The 50-day SMA ($3,400) remains a crucial support level, with a breach potentially leading to a deeper fall towards $2,850.

BNB Price Analysis

BNB (BNB) has been trading within a tight range between $591 and $635, highlighting a stalemate between bulls and bears. If the price falls below $591, it may decline to $536. Alternatively, a break above $635 suggests the possibility of a rally towards $722.

Solana Price Analysis

Solana (SOL) has been declining within a descending channel pattern, with bears attempting to push the price below the support line. If successful, it may trigger a further drop towards $116. Bulls are likely to defend this level. A break above the channel would indicate the end of the short-term correction, potentially leading to a climb to $176 and $189.

XRP Price Analysis

XRP (XRP) has been oscillating within a range between $0.46 and $0.57. Current market conditions favor the bears, with a potential drop below $0.46 and further decline to $0.41. Bulls must regain control by pushing the price above the 50-day SMA ($0.51).

Dogecoin Price Analysis

Dogecoin (DOGE) has found support at $0.13, but bulls have struggled to break above the 20-day EMA ($0.15). A drop to $0.12 or even $0.08 is possible. Alternatively, a break above the moving averages would pave the way for a rally to $0.18.

Toncoin Price Analysis

Toncoin (TON) has broken above the resistance of $7.67, forming an ascending triangle pattern. A sustained price above $7.87 could initiate an uptrend with a potential target of $10.62. However, bears may challenge the move at $10. A break below $7.67 would signal a rejection of the breakout.

Cardano Price Analysis

Cardano (ADA) has faced resistance at the 20-day EMA ($0.44), with bears selling on rallies. The $0.40 to $0.41 range provides support, but a break below could trigger a decline to $0.35. Bulls need to push the price above the moving averages to prevent further losses.

Shiba Inu Price Analysis

Shiba Inu (SHIB) has been gradually approaching its support at $0.000020. A reversal and break above the moving averages would indicate the continuation of the range. The resistance at $0.000030 may be a minor obstacle, with a potential climb to $0.000057 if overcome. Conversely, a break below $0.000020 would signal a downtrend.

Avalanche Price Analysis

Avalanche (AVAX) has encountered resistance at the 20-day EMA ($34), with bears selling rallies to the moving averages. A rebound from the support at $29 would suggest a continuation of consolidation. However, a break below $29 could initiate a decline towards $25 and $20.

Disclaimer: This article does not constitute financial advice or recommendations. Trading and investing involve risk, and individuals should conduct their own research before making any decisions.

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