Price Prediction 6/10: BTC, ETH, XRP, BNB, SOL, DOGE, TRX

ETH saw massive increases late on Monday, cruising past a critical level. It continued the surge earlier on Tuesday, breaking its seven-day high. 

However, ETH is struggling to continue its uptrend at the time of writing. It has experienced notable selling pressure, which has since sent the coin below its opening price. 

The cryptocurrency reflects the same trend as the majority of assets in the crypto market. Trading volume increased by 45% in the last 24 hours as fresh liquidity poured in. However, price action at the time of writing indicates a growing increase in selling pressure.

Nonetheless, fundamentals were the trigger for the uptrends. It is worth noting that major cryptocurrencies had a good start to the week. Promises of an end to the trade war with China revived optimism, inspiring more accumulation. 

Talks between China and the US enter day 2, and neither party has kept the discussions a secret. However, investors take the silence as goodwill, adding that the period extension may mean progress. 

Traders’ expectations of further price increases are reaching new levels as the fear and greed index shows a significant improvement. The metric is 64, from 55 on Monday. 

Tokens like AAVE and WIF are among the top gainers over the last 24 hours. Will the uptrend continue on Tuesday? Let’s examine some key levels.

BTC/USD

Recall that a previous analysis stated that a surge to $110k was inevitable. The article highlighted several factors that will make this possible, including a convergence on MACD and fundamentals.

Bitcoin surged to a high of $110,587 during the previous intraday session. It surged from $105,791 to attain its high. Nonetheless, the largest coin gained over 4% but risks losing an equal percentage if the ongoing trend continues.

The largest cryptocurrency grapples with notable selling pressure at the time of writing. It struggles to hold $109k as a result. 

Previous movement suggests that BTC will retrace to $106k if the bulls fail to defend the current price. RSI is at 60, 3 points down from the previous day, indicating a significant increase in selling volume. The growing bearish sentiment may cause further declines.

On the other hand, the apex coin may revisit its all-time high. MACD printed a bullish divergence that may signal further increases.

ETH/USD

Ethereum trades close to $2,700 at the time of writing. The moving average convergence divergence prints buy signals, showing the 12 EMA edging closer to the 26 EMA. Its recent reading suggests that the largest altcoin is gearing up for further increases.

The relative strength index displays a similar trend, showing a slight decline in selling pressure. ETH is recovering from its previous decline from $2,729 to $2,657.Readings from both indicators suggest that the asset may continue its uptick.

ETH is shaping up for another 5% leap that will see it break above $2,800. Nonetheless, previous price movements suggest that the coin will see notable rejection at $2,790. However, reading from the fear and greed index suggests that the cryptocurrency may break this level.

However, the bulls must defend its current price as the asset risks dipping below $2,600. It may rebound at $2,580 due to demand concentration around the mark. 

XRP/USD

XRP’s four-day surge may be coming to an end as the asset prints its first red candle. It experienced significant buying pressure on Monday that resulted in its rebound from $2.22. The session ended with gains exceeding 2%.

Traders anticipate a repeat of this trend on Wednesday. Like ETH, the coin is seeing notable selling pressure. However, it shows signs of recovery as it trades slightly higher than its low. A repeat of the previous day’s price movement will likely lead to an attempt at $2.40.

MACD supports this assertion as it displays a bullish divergence. Conversely, a shift in traders’ sentiment will send the asset to $2.20.

BNB/USD

Binance coin is experiencing a similar trend as ETH. It retraced to a low of $657 earlier but recovered and is now trading slightly higher. Indicators remain positive amid the latest declines. 

The moving average convergence divergence reveals further buy signals as the 12 EMA closes the gap between it and the 26 EMA. Its convergence may indicate further increases in the days to come. The asset will look to break above its seven-day high at $672.

However, the relative shows the bulls are yet to seize the initiative as there is notable selling pressure. It is down 2 points from the previous day, hinting at further declines.

SOL/USD

Solana risks slipping below $155 if the bears sustain the selling congestion. RSI slipped lower from its previous day’s reading as selling pressure. Nonetheless, MACD sustains its trajectory, printing buy signals at the time of writing.

The current red candle indicates that the altcoin is struggling to maintain the previous day’s increase, which saw it break its seven-day high. SOL surged from $149 to a high of $161, gaining almost 6%. 

Readings from the moving average convergence divergence indicate that the coin will see further upside movement, sending it closer to $170. However, it risks retesting $150 if the downtrend continues.

DOGE/USD

Dogecoin struggles to sustain its uptrend amid growing selling pressure. It surged to a high of $0.195 a few hours ago but faced notable rejections, leading it to trade lower. 

The asset shows no signs of further decline at the time of writing, as indicators on the one-day chart remain positive. The MACD displays an ongoing bullish convergence that may lead to further price increases. RSI reveals that the asset is seeing significant buying pressure.

Both highlighted indicators suggest that the memecoin will likely retest $0.20 within the next 24 hours. Readings from the 2-hour chart support this prediction, as they show a positive shift in price action over the last hour.

TRX/USD

Tron retraced from $0.290 a few hours ago and trades slightly lower at the time of writing. The asset shows no signs of an impending massive leap. Trading action during the previous intraday session reveals an almost 2% hike. 

A repeat of this trend is likely as indicators remain positive. MACD supports this assertion as it displays a bullish divergence. The relative strength index displays a similar trend, showing a slight decline in selling pressure. 

The coin will look to return to levels it lost in December, registering a new 2025 high.

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