The week evolved as a fight for the control of the price direction, with prices moving in a range. Early morning we can see the sellers more active, pushing the price towards its supports. Atom (- 6.5%) and Tezos (-5%) are the worst performers, while NEO(+6-37%) continues advancing. Among Ethereum coins, SEELE (+20.5%), Link(+6.66%), SNX (+7.4%), CENNZ (+6.77%) and BAT(+5.91%) are the best performers.

  Coin360

The market capitalization dropped to $237.464 billion, -1.06% below yesterday's price. The volume traded in the last 24 hours also descended to $26.417 billion, which is a 12.46% drop, and the dominance of Bitcoin fell to 65.89%.

 

Hot News

Switzerland's leading stock exchange SIX started listing a crypto exchange-traded product: ETP, which is tied to Tezos (XTZ). The product has been created by Amun AG and the Tezos Foundation.

Market

Google is entering the digital finance in partnerships with Citigroup Inc and Standford Federal Credit Union in a project code-named "Cache." According to the Wall Street Journal, Google will soon offer checking accounts to consumers, and it is expected to launch next year, with the accounts managed by Citygroup.

 

Technical Analysis

 

Bitcoin

Birtcoin

Bitcoin could not overcome the $8,800 level, and sellers came to send the price toward the support provided by its 200-period SMA in a large bearish candlestick with higher volume. The price moving near the -1SD line of the Bollinger bands is not good news for the bulls. A close below the $8,667 level might indicate that the current corrective movement has not ended.

Supports Pivot Resistances
8,694 8,767 8,828
8,632   8,900
8,560   8,960

 

Ripple

Ripple

Ripple continue descending. The price cut through the $0.27 support in a large candle that pierced below $0.258 to, then, retrace almost all its path in a large wick with lots of volume.

The price continues moving near its -1SD Bollinger line, which indicates a bullish trend. The next significant support is 0.266, the beginning of its, now fully retracted, bullish impulse. If the price moves above the top of the current candle, it might sign an end to the bearish leg. The large wick we observe indicates there is liquidity to support XRP below 0.266.

Supports Pivot Resistances
0.2690 0.2730 0.2755
0.2660   0.2790
0.2620   0.2810

 

Ethereum

Ethereum

Ethereum's break of the triangular formation has been frustrated by the latest hours bearishness. The price was rejected at about $188 and sent to the lower side of the Bollinger band with increasing volume. The next support, $184, is key for the buyers. A breach below this level would create a new leg and a visit to the $180 level.

Supports Pivot Resistances
185.20 187.50 190.00
182.80   192.00
180.50   194.70

 

Litecoin

Litecoin

Litecoin continues in a bearish segment, its price moving well very close to its -3SD line of the Bollinger bands. This situation indicates the price is close to oversold levels, but, also, that the bearish momentum has increased. The next support level is $58.9, the beginning of the upward impulse made early this month, and, next, $58, a long-term, key level.

Supports Pivot Resistances
60.20 61.20 62.00
59.30   63.00
58.50   63.80

 


 

Try Secure Leveraged Trading with EagleFX!

Risk Warning: CFD and Spot Forex trading both come with a high degree of risk. You must be prepared to sustain a total loss of any funds deposited with us, as well as any additional losses, charges, or other costs we incur in recovering any payment from you. Given the possibility of losing more than your entire investment, speculation in certain investments should only be conducted with risk capital funds that if lost will not significantly affect your personal or institution’s financial well-being. Before deciding to trade the products offered by us, you should carefully consider your objectives, financial situation, needs and level of experience. You should also be aware of all the risks associated with trading on margin.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

Four reasons why XRP price could set new-all time high above $5

XRP price experienced a significant bull run as it rallied roughly 750% since 2021. However, due to the recent correction, Ripple’s year-to-date (YTD) performance is hovering around 268%.

More Ripple News

Shiba Inu price flashes first sign of reversal, eyes 38% upswing

Shiba Inu price dipped below the short-term governing range on June 11 as the crypto market experienced a minor sell-off. However, bulls have managed to push SHIB above the range high, indicating the resurgence of buyers.

More Shiba News

Ethereum might create another opportunity for buyers to kick-start new uptrend

Ethereum price is currently trading below a critical resistance level and is trying to breach past it. A decisive close above the swing high on June 9 will create a higher high and signal the start of an uptrend.

More Ethereum News

Cardano upswing hangs in balance, but on-chain metrics reveal trouble

Cardano price rose 12% after dipping below a crucial support level at $1.451. ADA is currently hovering inside a critical resistance level, ranging from $1.525 to $1.624. Only a decisive close above $1.636 will confirm the start of a run-up.

More Cardano News

BEST CRYPTO BROKERS/EXCHANGES



Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast

BTC

ETH

XRP