Cryptocurrencies Price Prediction: BNB, Dogwifhat & Bitcoin — Asian Wrap 21 July
|BNB Price Forecast: BNB posts highest weekly close, eyes new all-time high
BNB (BNB), formerly known as Binance Coin, continues to trade higher above $762 at the time of writing on Monday after closing at its highest-ever weekly level and gaining over 9% last week. Derivatives data support a bullish thesis as Open Interest (OI) hits a yearly high of $1.05 billion, reflecting renewed investor interest. The technical analysis also suggests a continuation of the rally, targeting its all-time high of $793.86 and potentially entering a price discovery mode.
Dogwifhat Price Forecast: WIF eyes double-digit gains as Open Interest hits yearly high
Dogwifhat (WIF) edges lower by 1% at press time on Monday following its 12% rise from Sunday. The bullish run in WIF surpasses the 200-day Exponential Moving Average (EMA) and targets a crucial resistance level at $1.212. Both the technical and derivatives data indicate a bullish inclination as trend momentum increases and Open Interest hits a yearly high, inching closer to $600 million.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC consolidates while Ethereum and Ripple prepare for breakout
Bitcoin price reached a new all-time high of $123,218 on Monday and has been trading sideways between the $116,000 and $120,000 levels. At the time of writing on Monday, it trades slightly above at around $117,800. If BTC breaks below the lower consolidation boundary at $116,000 on a daily basis, it could extend the decline to retest its 50-day Exponential Moving Average (EMA) at $110,297.
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