Price Prediction 6/30: BTC, ETH, XRP, BNB, SOL, DOGE, ADA

ETH is experiencing a slight trend reversal after its notable increases during the second half of the previous week.

The asset is off to a bad start on Monday, erasing Sunday’s gains, and shows no signs of reversing. Nonetheless, ETH approaches a critical support level despite the increase in trading volume. 

Buying and selling have increased across the cryptocurrency market by 32% in the last 24 hours. The spike with no upward movement from major cryptocurrencies suggests collective profit-taking at the time of writing.

The global cryptocurrency market is slightly down due to the latest trend. The bearish start to the week may persist, as several events could lead to further decline. One such is the Jobless Claims on Thursday and the Eurozone CPI.

Conversely, both events may result in a trend reversal. Investors remain largely optimistic about the next price action, with the fear and greed index at 52 (the highest in almost two weeks), up from 50 the previous day.

Top assets across the crypto market may be gearing up for a massive move. Let’s examine some key levels to watch

BTC/USD

Bitcoin experienced a slight price improvement on Sunday but was unable to sustain the uptick. It slipped below $107k on Monday but slightly rebounded.

The apex coin may be gearing for further downward movement to fill the CME gap it created on Tuesday. It may retrace to $106,400 in the coming hours.

However, previous price movements suggest that the asset may slip below $105k, as there is no significant demand concentration leading up to it. A declining RSI due to rising selling pressure increases the likelihood of this happening. 

Nonetheless, the apex coin is trading above bollinger’s SMA, indicating that the bulls may cause a trend reversal. BTC must hold $107k to guarantee a retest of $110k. 

The 4-hour reveals an impending breakout—bitcoin trades within thinning bollinger bands. The trend trade started on Saturday, and the coin is yet to break out. It means the trend change may happen within the next 48 hours.

ETH/USD

The moving average convergence divergence on the 4-hour chart hints at an impending downside movement. It indicates an ongoing bearish convergence, signaling further price declines.

ETH surged above its bollinger bands a few hours ago but is currently trading above its middle band. Both indicators, which favor further downside movement, suggest that the asset may retrace to $2,400. 

The 1-day chart hints at further decline below the highlighted level. ETH consistently hovered around $2,400 for most of the previous week. The mark is losing its strength, increasing the likelihood of a drop to $2,380.

The drop in the relative strength index indicates growing selling sentiment. Nonetheless, MACD suggests an impending trend reversal. It shows the 12 EMA is in contact with the 26 EMA, signaling buy signals.

ETH may resume its uptrend, breaking above $2,500. A positive MACD crossing indicates a surge above $2,600. 

XRP/USD

XRP trades above bollinger’s middle band on the 4-hour chart. It rebounded after testing the SMA a few hours ago and edges closer to the upper band. 

MACD prints a green signal following XRP’s rebound. Its ongoing bullish convergence suggests that the uptick may continue. Nonetheless, the asset is trading at a fragile level. Failure to hold this mark may result in further declines.

The same holds on the 1-day chart. The coin has failed to decisively break the mark following several attempts. Nonetheless, XRP experienced notable declines following a failed retest of the mark. It may decline to $2.10.

The moving average convergence divergence is positive, showing that the asset may surge. Its next price mark may be $2.26 or $2.30.

BNB/USD

The 1-day chart shows that the asset is experiencing a slight increase at the time of writing. It is on the verge of marking its fourth consecutive day of increases. However, it registers less volatility during this period.

This was the dominant trend over the last week. It shows no signs of halting the pattern. Nonetheless, the coin may continue upward as it trades above bollinger’s middle band. Rising RSI suggests growing buying pressure that will aid its uptick.

However, BNB is approaching its fourteen-day high at $660. Previous price movement indicates possible retracements. The asset may retrace to $640. Conversely, flipping the mark will send the altcoin above $670.

SOL/USD

SOL experienced a short burst over the last four hours, breaking above $160. The altcoin experienced selling congestion at $163, leading to notable price declines.

SOL trades at $157, almost 3% higher than its opening price. The bollinger band warns of further decline in the coming days. Solana retraced after breaking out of the metric. Traditionally, this may mean the end of the uptick.

The asset rebounded off $150 a few hours ago, repeating the same trend on Sunday.  The bulls must defend the mark as further slip may send the coin as low as $140. Conversely, it continues its upward movement, sending it closer to its fourteen-day high at $168.

DOGE/USD

The 4-hour chart shows that the largest memecoin may be gearing up for another uptrend. It retraced from $0.17 to $0.161 a few hours ago. 

DOGE found support and is stable. It trades above bollinger’s middle band and eyes resuming its uptick. The asset may reclaim $0.17 in the coming hours but risks further descent. The moving average convergence divergence prints a sell signal.

However, the relative strength index is rising as buying volume increases. It may continue to rise, leading to further upward movement.

The bollinger bands suggest a slide to $0.157 in the event of a trend reversal.

ADA/USD

Cardano is gearing up for further increases in the coming days. The MACD indicates a bullish divergence that may signal the beginning of another uptrend.

Trading actions on Monday may be the start as the coin trades over 2% higher than its opening price. It surged to a high of $0.58 but lost momentum. MACD’s reading suggests that another attempt at the mark is imminent. ADA may continue to rise, potentially breaking above $0.60.

Rising relative strength index shows increased optimism among investors. This will catalyze further upward movements. 

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