Denys Serhiichuk

How great are chances to see Binance Coin (BNB) test $600 mark soon?

Most of the coins are facing a bounce back after a sharp market fall, according to CoinMarketCap.

On the hourly chart, the rate of BNB is trying to rise after a false breakout of the local support level of $568.7. 

However, there are low chances to see a test of the resistance by tomorrow, as not enough energy has been accumulated yet. 

On the bigger time frame, the price of BNB is far from the main levels. But if the rate gets back to the $550-$560 zone, one can expect a test of the $540 mark within the next few days.

From the midterm point of view, the picture is quite similar, however, one should wait until the bar’s closure. If it happens around the current prices, sideways trading in the area of $540-$580 is the more likely scenario.

BNB is trading at $571.7 at press time.

About the author


Denys Serhiichuk

Some coins from the top 10 list are bouncing off, according to CoinMarketCap.

XRP/USD

The rate of XRP has fallen by 0.07% over the last 24 hours.

Despite today’s slight drop, the price of XRP is rising after a false breakout of the local support level of $0.4706. If buyers can hold the gained initiative, the upward move may lead to the test of the resistance of $0.4774 by tomorrow.

On the bigger time frame, the situation is unchanged from the technical point of view. 

If the daily bar closes around the current prices, sideways trading in the area of $0.47-$0.49 remains the more likely scenario for the next few days.

On the weekly chart, the picture is bearish; however, one should focus on the candle’s closure. If it happens far from the bar’s low, there is a possibility of seeing a bounce back to the $0.48-$0.49 zone.

XRP is trading at $0.4745 at press time.

About the author


Denys Serhiichuk

Solana price prediction: SOL has experienced an increase in price over the past 24 hours following market recovery. At the time of reporting, Solana price is trading at $137, with a surge of 2% in the U.S. section. 

According to CoinMarketCap data, Solana’s market cap has increased by 2%, reaching $63 billion, ranking it 5. The 24-hour trading volume, however, has decreased by 32%, standing at $2.2 billion, placing it at 6. 

Solana Price Prediction: SOL Points Towards Potential Upsurge

Solana has diverged from the broader market downtrend, with consecutive upticks observed over the past 48 hours. SOL has maintained positive momentum, positioning itself as a standout crypto asset. However, other altcoins continue to face bearish trends.

Over the past week, SOL price has seen a decline in value. The cryptocurrency has decreased by over 1% in the last seven days, indicating significant selling pressure.

Despite the price recovery, traders in the derivatives market have shown a more cautious response. Meanwhile, major cryptocurrencies outside Solana experienced minimal fluctuations, with changes remaining under 1%, oscillating between slight gains and losses.

Solana has demonstrated notable resilience despite the prevailing bearish sentiment in the crypto sphere. The price of SOL has formed a bullish technical pattern known as a ‘falling wedge.’ This pattern is characterized by converging trend lines connecting lower and lower highs, sloping downward in a narrow shape.

The falling wedge pattern typically suggests that while the asset consolidates within a downtrend, it is losing bearish momentum and potentially setting up for an upward reversal.

DeFi TVL Surge Boosts Solana’s Ecosystem

According to DeFiLlama, Solana’s network has experienced a significant rise in its Total Value Locked (TVL), reaching $4.22 billion as of June 26. 

This surge in TVL reflects increasing engagement and confidence within the Solana ecosystem, appealing strongly to users and developers. The recent growth in TVL has been a driving force behind Solana’s upward momentum.

If bullish momentum continues to build, the Solana price prediction could breach the crucial $150 resistance level, signaling a potential resurgence in bullish sentiment and aiming for targets around $190. Sustained upward movement may pave the way for SOL to soon approach the significant $200 resistance mark.

Conversely, heightened bearish pressures might see SOL retreat to find support initially at $130. Further downside could test the lower support zone near $120, potentially indicating a shift toward a bearish market sentiment.

Technical Indicators Hint at Short-term Bearish Sentiment

The daily technical indicators for the Solana cryptocurrency suggest a potential shift in market sentiment. The Moving Average Convergence Divergence (MACD) indicator shows a bearish sentiment. 

The MACD line is positioned at -7.32, while the signal line is slightly higher at -6.78. The histogram, reflecting the difference between these lines, is negative, indicating potential bearish momentum in the short term.

Meanwhile, the Relative Strength Index (RSI) is at 40, indicating that Solana is in the lower neutral zone. The RSI suggests that the token is neither overbought nor oversold but is closer to the oversold threshold 30. This positioning hints at the possibility of a price rebound if buying interest picks up.

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Despite the broader crypto market showing signs of a recovery today, the Ripple-backed asset XRP has retained a turbulent price action. While Bitcoin and Altcoins like ETH, SOL, and BNB gained, XRP conversely traded in the red territory. This slumping price movement comes against the backdrop of a whale’s massive 52M XRP dump to two CEXs. Here’s a brief report on whale activity over the past day and what XRP on-chain data portrays for future price movements.

Whale Dumps 52 Mln Coins To CEXs

In a couple of posts by Whale Alert on X, it was brought to attention that the renowned XRP whale …Rzn collectively shifted 52.27 million XRP, worth $24.95 million, to two exchanges over the past day. Through two transactions, the whale dumped 30.65 million XRP and 21.62 million XRP to Bitstamp and Bitso, respectively.

These transactions, underscoring a sense of increased selling pressure on the asset, coincide with today’s listless price action. Notably, previous reports by CoinGape media have further spotlighted XRP’s sluggish price action in tandem with this whale’s dump to the same exchanges.

While speculations over the address being linked to Ripple also loom, no concrete proof to prove the same has been offered yet. For context, the dumps by this address emerged as a recurring phenomenon in the crypto space soon after Ripple strategically acquired a stake in Bitstamp.

Meanwhile, XRP tackles price volatility, dipping after a notable trading session in the green region.

Also Read: XRP Supply on Exchanges Drops To Months Low; Price To Hit Rock Bottom?

XRP Price Slips

As of writing, XRP’s price dipped 0.51% and is currently sitting at $0.4731. The token’s 24-hour lows and peaks were $0.4724 and $0.4795, respectively.

Coinglass data added a tint of investor optimism as XRP’s Futures OI jumped 1.96% to $586.25 million. However, the derivatives volume saw a 48.82% fall to $578.55 million. This uncertain movement in the derivatives market could be a potential factor driving XRP price volatility.

Additionally, the RSI was evaluated as 38, hinting at downside pressure on the asset. Further downside momentum could bring the token to an oversold territory, paving the way for a potential price rebound.

Besides, recent reports by CoinGape Media further highlight massive XRP whale accumulations, tipping the scale towards bullish for long-term price prospects.

Also Read: Pepe Coin Whale Sparks Concerns With 1 Tln PEPE Transfer To Binance, What’s Next?

Solana appeared strong today following a 9% recovery over the last 24 hours. While it remains under the bears’ radar on the micro level, it may resume drops if the bulls fail to sustain pressure above the monthly high.

Yesterday, Sol faced rejection on the way down and further halted selling pressure after shedding a total loss of 20% in a month. This led to a small break in selling and the price bounced well above $130. 

Interestingly, it is currently looking strong on the daily chart, but the price may continue to decline daily due to the negative sentiments surrounding the market lately. However, if the market sentiment changes, the asset may gain more recovery. 

However, it is important to note that the trend still favours the bears from a short-term perspective. In fact, the latest bounce looks like a retracement of the lower low and lower high formation on the 4-hour chart, indicating that the bearish trajectory is still intact. 

Now that the market has found temporal support, the $140 level is posing a threat to the bulls. If they manage to scale through this level, we can expect more price growth in the coming days. 

A bearish advancement below the current support would cause a bigger loss, which might bring us back to March’s lowest level. Right now, there’s no sign of reversal on the daily chart.

SOL’s Key Level To Watch

Towards the upside, Sol is likely to face a key resistance at $150. A push above this resistance could propel buying to $160 and $175, where a three-month resistance lies. The $189 and $204.5 levels are subsequent resistance to watch for a surge. 

If Sol rolls below the holding $136 and $125 support, the next possible level to watch for drops would be $116, followed by the $105 support. Lower support levels to consider for drops are $100, $95 and $85.

Key Resistance Levels: $150, $160, $175

Key Support Levels: $136, $122, $105

• Spot Price: $138.5
• Trend: Bearish
• Volatility: Moderate

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Image Source: alexandarilich/123RF // Image Effects by Colorcinch

Crypto analyst Kriss Pax has provided a bullish narrative for Dogecoin (DOGE), predicting that the foremost meme coin could enjoy a massive price surge soon enough. This comes amid the recent surge in an on-chain metric, which turned bullish for Dogecoin. 

Dogecoin Could Enjoy A Massive Bounce From Its Current Price Levels

Pax suggested in a video on his YouTube channel that Dogecoin could enjoy a bounce from its current price level and that now may be an excellent opportunity to buy the foremost meme coin ahead of its imminent price recovery. The analyst claimed this recent market decline might be the last flush before the crypto market recovers.

He alluded to the Spot Ethereum ETFs, which are expected to begin trading soon enough, as something that will spark the bounce for DOGE and the broader crypto market. He also highlighted the relative strength index (RSI) which he suggested is flashing a bullish signal for the meme coin. 

Besides those factors, Pax also highlighted that altcoin dominance is rising following the recent drop in Bitcoin’s dominance. This presents a bullish narrative for Dogecoin since a decline in Bitcoin’s dominance could soon usher in the altcoin season for Dogecoin and other altcoins. 

Pax suggested that the altcoin bull run could happen sooner than expected as the bullish cross on the Moving Average Convergence/Divergence (MACD), which formed on the ETH/BTC pair during the 2020 altcoin season, is about to form again. The analyst again reaffirmed that now is the perfect opportunity to buy DOGE while alluding to the meme coin’s market value to realized value (MVRV), which shows it is currently undervalued. 

Pax’s Dogecoin analysis comes amid a recent surge in the meme coin’s trading volume. Data from Coinglass shows that Dogecoin’s trading volume has surged significantly in the last 24 hours. This is a positive development since crypto investors and traders are still heavily invested in the meme coin and may be looking to accumulate more during this dip. 

DOGE Still In A Macro Trend

Dogecoin dropped to as low as $0.11 following the recent market decline. However, crypto analyst Kevin (formerly OG Yomi) recently noted that DOGE is still in a macro bullish structure as long as it continues to achieve a weekly close above 0.10291. 

For now, he claimed that Dogecoin, along with many other altcoins, is experiencing a “type of SOS phase of Wyckoff,” in which they are retesting the top of the bear market range that they broke out from at the beginning of the bull run. Dogecoin holding above that level could spark another run for the foremost meme coin, with Kevin predicting that it could rise to as high as $3 in this market cycle. 

At the time of writing, Dogecoin is trading at around $0.12, up over 4% in the last 24 hours, according to data from CoinMarketCap. 

Featured image created with Dall.E, chart from Tradingview.com

Today’s market shows no mercy to memecoins – the supposed stars of social media. In recent news, the Dogecoin (DOGE) price has dropped by a whopping 24% and bleakness has taken control of PEPE coin’s future. To immunize investors against severe market volatility, BlockDAG, the leading Layer 1 crypto has designed a robust presale run to offer long-term, stable, and lucrative returns. The crypto’s price has steadily risen from $0.001 in batch 1 to $0.0122 in batch 18, triggering price predictions of $20 by 2027 and $30 by 2030. This sustainable, yet ultra-profitable opportunity has led investors to buy over 11.8 billion BDAG coins!

Dogecoin (DOGE) Price: 24% Decline Sparks Anxieties

The Dogecoin (DOGE) price has experienced a 24% decline over the past month, bringing its trading price down to $0.12428. Despite this fall, DOGE continues to maintain its position as the leading memecoin. Its trading volume has risen by 9.7% to $683.74 million. With massive declines plaguing the current market, investors have become increasingly anxious about their next moves. This uncertain sentiment rains down twice as heavily on memecoins given their social-media-induced abrupt rises and falls. Despite being a leading memecoin, DOGE’s technical analysis reveals a negative outlook, with its EMAs, SMAs, and the MACD demonstrating heavy selling signals.

PEPE Coin’s Future Linked Inextricably to ETH’s Growth

The PEPE coin future may take a dark turn due to Pepe’s close association with Ethereum (ETH). The crypto currently trades at $0.000011, about 3.35% up since last week. This modest rise, however, may not continue as data from IntoTheBlock reveals a high 0.91 correlation with ETH. This means PEPE’s price will directly mirror ETH’s movements. With Ethereum currently moving sideways, PEPE’s performance may hit a significant roadblock in the coming days. Furthermore, retail investors are now holding fewer PEPE tokens, indicating the crypto’s struggle to maintain a bullish momentum.

BlockDAG Price Predictions: $20 by 2027 & $30 by 2030

The short-lived popularity of memecoins amid intense market volatility has caused investors to ditch tokens like Dogecoin and PEPE and lean on sustainable alternatives like BlockDAG instead. Unlike memecoins, this top crypto presale coin features a futuristic cryptocurrency ecosystem designed to maintain profitability despite market fluctuations. On the other hand, the ROI capacity of memecoins depends entirely on their social media popularity, causing abrupt rises and falls in prices, BlockDAG’s strategic 4-month vesting period and $100 million liquidity post-launch ensures the crypto maintains stable and sustainable growth.

For perspective, the price of BDAG coin has risen steadily from $0.001 in batch 1 to $0.0122 in batch 18, marking a whopping 1120% surge, a phenomenon that never occurred in the market before. Investors who invested about $10,000 in batch 1 saw their investments surge to a clean $122,000. This price performance has further triggered ambitious predictions for the coin. Experts believe the price of BDAG coin will reach $20 by 2027 and $30 by 2030. Going by the price prediction of $30, an investment worth $10,000 today would reach multi-millions by 2030!

Aside from a widely successful presale run, BlockDAG’s cutting-edge Layer 1 DAG-based PoW architecture further solidifies its footing in the market. This technology aims to resolve the elusive blockchain trilemma of speed, security, and scalability to create a market where building, investing, and earning knows no bounds. Following BlockDAG’s presale success and ambitious price predictions, institutional investors have been making massive whale purchases of the BDAG coin. Batch 18 is currently selling out at lightning speed, with the upcoming batch all set to bring further price rises.

In A Nutshell

With memecoins like Doge and PEPE facing the threat of oblivion, investors are rushing to BlockDAG’s stable, yet high-yield ecosystem. Batch 1 BDAG investors have already gleaned a staggering 1120% ROI after the crypto rose from $0.001 in batch 1 to $0.0122 in batch 18. Experts speculate BlockDAG’s price to reach $20 in 2027 and $30 in 2030. These ambitious price predictions are now causing batch 18 to sell out rapidly, with the upcoming batch 19 expected to bring further price increases.

Invest in the BlockDAG Presale Now:

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The price of Bitcoin is down and the crypto space continues to face bearish news, raising questions about the market’s future. Will we see an uptick, or is this the end? Sentiment is low, and everyone is wondering if their crypto investments will ever soar. Despite some saying the market will recover, higher price action has been elusive for months now. Looking at Ripple’s XRP, the coin has gained more than one percent in the last 24 hours, trying for a recovery. 

Analyst Cheeky Crypto gave detailed analysis of the short to medium-term price predictions for XRP. Examining the XRP/USDT chart on Binance’s daily timeframe, he said that the coin is currently trading within a parallel channel to the downside but is holding strongly at the moment. The current price is below both the 50 EMA and 50 SMA, indicating a bearish trend, with these averages sitting at 51.6 and 51.1 respectively. Additionally, the price is below the 200 EMA at 54.4, further confirming the bearish sentiment.

However, despite the bearish indicators, there are positive aspects to consider. Analyzing the candlestick patterns reveals overlapping movements, suggesting short-term volatility rather than a sustained trend. The market has been ranging for a while, and the main concern is a potential head-and-shoulders pattern indicating a further move to the downside.

The analyst’s minimum expectation for a drop is to around $0.4188, with the potential to go lower to between $0.28 and $0.33.The overall market structure and candlestick analysis suggest that while short-term bearish momentum is likely, the long-term outlook remains positive.

Looking at smart money concepts, Elliott Wave theory, and the stochastic RSI, more short-term downside is expected. However, on a weekly and monthly time frame, XRP appears oversold and poised for a price increase in the future, possibly reaching between $5.59 and $126 during the next bullish cycle, likely by 2025 or 2026.

Solana price increased by 9.3% in the last 24 hours to trade at $136.36 as most altcoins continue to witness gains. On the other hand, Bitcoin price yesterday slipped to sub $60,000, triggering panic in the markets but has since recovered and is hovering around $61,327 during European business hours on Tuesday. 

Solana Price May Surge 24% If Bulls Hold This Level

The previous symmetrical triangle on Solana’s daily chart has morphed into a descending triangle due to Bitcoin price moving lower yesterday. Although this is a tad bit concerning, Solana has generally had an impressive track record in terms of its price action, and the support that has developed around $130 is also robust. 

The level has been tested 4 times now in the past 3.5 months and has held ground each time. However, this time things may be different as the Bitcoin factors are in play. 

The SOL price action just touched the 200-day simple moving average (SMA) and slightly bounced off it. This indicator is famous for providing robust support levels when trading financial instruments. CoinGecko data shows Solana’s 24-hour trading volume surged by 135%, an indicator that investors are gaining interest in the asset.

Solana price is expected to bounce off this support zone and make for the upper trendline of the descending triangle. This may constitute a 25% move from the current price that will set the asset at $171. On the flip side, should the current support break, Solana’s price may find further support lower, around $98, $87, and $56.

Solana Price Watching Out For Bitcoin’s Next Move

Bitcoin is currently in a precarious situation as high selling pressure pushed it down to a weekly low of $58,456. However, bulls quickly pushed the price up and the asset closed the day yesterday above the $60,000 support level. Bitcoin tested this level five times in the last four months, making it a significant zone to watch.

Bitcoin is simultaneously in a consolidation one that spans 4 months and it is at the lower boundary of that range. BTC price can bounce off this lower level and make for the upper boundary that coincides with its previous all-time high (ATH) price of $73,838. On its way up, the asset may encounter resistance around $65,000, $72,000, and $73,838, before flying off into the price discovery zone. On the flip side,  Bitcoin may find support around the 200-day SMA ($58,600), and if it breaks lower than that, $49,800 and $43,800 may cushion the falling price.

Bottom Line

SOL price action has been impressive in the first half of 2024 but if BTC price continues to trend lower, it may spell doom for Solana and the entire market.

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