BTC price Although it exceeded $ 58,000 as Germany exhausted its assets, it fell back to $ 57,300 at the time of writing. Cryptocurrency investors have not had a good day amid the negativity that has been going on for weeks. Melting prices have caused a significant portion of altcoins to lose up to 50 percent in a few months. So what are the predictions for BNB, ETH and SOL Coin?
Ethereum (ETH) Price Predictions
BTC has once again suffered one of its rapid losses of $1,000. ETH continues to linger at low levels as if there will be no good news of listing soon. The long wick of July 11 reflects the strengthening selling appetite at EMA20 at $3,239. Both the negativity in the general market sentiment and GBTC Similar to the incident, the rapid outflows expected to be triggered by the ETF listing of the ETHE trust have dampened investors’ appetite. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
$2,850 is the main strong support and the bears will aim for a deeper bottom by pulling the price below it. To prevent this, the $3,239 level needs to be retaken and the ETH price needs to rise to the SMA50 point of $3,499. If the support is lost, the sell-off may continue to the base support of $2,200.
If the rapid decline in BTC price turns into closes below $56,500, we may also see needles at $2,850 and below for ETH.
BNB Coin Price Prediction
Among the major cryptocurrencies by market value this year BTC The only asset that saw ATH outside of BNB Coin It was. With the end of the case and the increasing demand on the BSC network, the ATH above $700 was not surprising. However, the sell-off continues at $547. The bears’ target here is a new attempt at $495. If the price cannot recover from this point, a new downward movement to $460 is possible, as we warned before.
Solana (SOL) Prediction
SOL Coin is in relatively better shape and is trying to break out of SMA50. However, the sell-off at $150 reminds investors how bad the general market sentiment is despite the SOL ETF news. The movements between $116 and $150 may continue for a while.
The descending triangle formation is the main target for the bears and they will look for closes below $116 to trigger it. If successful, the $100 and $80 levels could normalize.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
