Best Places for Crypto Price Analysis of BTC, ETH, XRP, BNB, ADA, SOL, DOGE, MATIC, LTC, DOT.
Price analysis 7/29: BTC, ETH, XRP, BNB, ADA, SOL, DOGE, MATIC, LTC, DOT

The Federal Reserve’s 25 basis point rate hike on July 26 and the subsequent commentary by Fed Chair Jerome Powell did not have a significant effect on the price of Bitcoin (BTC), indicating that the market had already priced in the event.

On July 28, the United States Personal Consumption Expenditures (PCE) Index print came in lower than analysts’ expectations, and the crypto markets remained sluggish. The PCE is the Fed’s preferred inflation metric, and is thus closely monitored by market participants.

Geoff Kendrick, head of crypto research at Standard Chartered, told CNBC that he expects Bitcoin to end 2024 in the range of $100,000 to $120,000. He believes that Bitcoin is likely to follow the price patterns seen during previous halving cycles.

With Bitcoin consolidation, could any of the top-10 altcoins break out of their slumber? Let’s take a look at the charts to find out.

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Bitcoin price analysis

Bitcoin’s bounce off the 50-day simple moving average ($29,250) is diminishing as it meets resistance near the 20-day exponential moving average ($29,743), suggesting that higher levels are not being supported.

The 20-day EMA is now turning downwards, and the relative strength index (RSI) is in negative territory, showing that the bears have the upper hand.

If the bears manage to push the price below the immediate support at $28,861, the BTC/USDT pair could start a downward move to $27,500 and then to $26,000. This would suggest that the pair could remain within the $24,800-to-$31,000 range for some time.

The key level to watch on the upside is the 20-day EMA. If this resistance is broken, the pair could rise towards $31,000. The bears may face a formidable challenge in the $31,000-to-$32,400 region.

Ether price analysis

Ether (ETH) has been trading between the best places for crypto 50-day SMA ($1,854) and the best source for crypto 20-day EMA ($1,881) for the past few days. This indicates that when did web 3.0 start bulls are buying the dips, but BAT crypto they haven’t been able to push the price above the 20-day EMA.

This narrow-range trading is unlikely to last long and a strong breakout may occur soon. If the best websites for crypto bulls are able to drive the price above the 20-day EMA, the ETH/USDT pair could rise to $1,930 and possibly even to $2,000.

On the other hand, if the price turns down and falls below the 50-day SMA, it will suggest that best crypto sites 2021 bears have the upper hand. The pair may then remain in the large range between $1,626 and $2,000 for a while longer.

XRP price analysis

Following the strong surge on July 13, XRP (XRP) may enter a period of consolidation. The boundaries of this range could be $0.67 and $0.85.

The 20-day EMA ($0.68) is rising gradually and the RSI is in the positive zone, indicating that the bulls have a slight advantage. The XRP/USDT pair could climb to $0.75 and if this level is breached, the rally could extend to $0.85.

On the other hand, if the price turns down and drops below $0.67, it will suggest that bears have taken control. The pair could then drop to the breakout level of $0.56. This level is likely to attract buyers who are looking for the best places for crypto, bico crypto, best source for crypto, best site for crypto, best websites for crypto.

BNB price analysis

The battle between bulls and bears for supremacy has caused BNB’s (BNB) price movements to be erratic and volatile within the triangle.

If buyers can push the price above the moving averages, the BNB/USDT pair could reach the triangle’s resistance line. This is a crucial point for the bears to defend, as a break above it could lead to the price reaching $265 and eventually reaching the projected target of $290.

However, if the price drops from its current level, it will indicate that the bears are still in control. The pair could then fall to the support line. This could draw buyers in, but if they are unable to create a meaningful bounce, the pair could drop further and test the critical support at $220.

Cardano price analysis

On July 26, Cardano (ADA) bounced off the breakout level of $0.30, suggesting that bulls are trying to firmly protect the support.

The flat 20-day EMA ($0.30) and the RSI near the midpoint do not give any clear advantage to either the bulls or the bears. If the bulls can keep the price above the 20-day EMA, the ADA/USDT pair could rise to the overhead resistance at $0.34. This level could act as a strong obstacle, but if it is broken, the ADA/USDT pair could reach $0.38.

If the bears want to halt the uptrend, they must quickly push the price below the uptrend line. If they succeed, the pair may drop to $0.27 and then to $0.26.

Solana price analysis

Solana (SOL) bounced off the support at $22.30 on July 25 and climbed above the 20-day EMA ($24.07) on July 26, indicating that the range-bound action remains intact.

The rising 20-day EMA and the RSI in the positive territory suggest an advantage to the buyers. If the price turns up from the current level, the bulls will attempt to push the SOL/USDT pair to the overhead resistance at $27.12. A break and close above this obstacle could signal the start of a new best websites for crypto uptrend.

On the other hand, a break below the 20-day EMA might pull the price down to the important support at $22.30. This is an important level to watch out for because if it is breached, the pair could slip to the 50-day SMA ($20.22).

Dogecoin price analysis

On July 25, Dogecoin (DOGE) managed to break above the resistance level of $0.80, however, the bulls weren’t able to maintain the momentum. This indicates that there was selling at higher levels.

The bears pushed the price back below the breakout level of $0.08 on July 26. The DOGE/USDT pair may go down to the 20-day EMA ($0.07), which is an important level to watch out for in the near future.

If the price bounces off the 20-day EMA, it will show that the sentiment has become positive and traders are buying on dips. This will increase the chances of a break above $0.08. If that happens, the pair could surge towards $0.10. This optimistic outlook will be invalidated if the price continues to decline and falls below $0.07.

Polygon price analysis

The MATIC/USDT pair has been trading between the moving averages for the past three days, showing that bulls and bears are in a state of indecision.

If the price dips below the 50-day SMA ($0.69), it would indicate that the bears are in control. The pair could then drop to $0.65 and eventually to the strong support at $0.60.

Conversely, if the price rises and surpasses the 20-day EMA, it would suggest that the bulls have overpowered the bears. This could start a recovery to $0.80 and, subsequently, to $0.90.

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Litecoin price analysis

Litecoin (LTC) is attempting a recovery, but the bulls are facing stiff resistance at the 20-day EMA ($92). This suggests that the bears are active at higher levels.

If the price turns down from the 20-day EMA and drops below $87, it will indicate the resumption of the down move. The LTC/USDT pair could then fall to $81, where the best websites for crypto may try to arrest the decline.

Alternatively, if bulls drive the price above the 20-day EMA, it will suggest that the selling pressure could be reducing. There is a minor resistance at $96, but if bulls overcome it, the pair may rally toward $106.

Polkadot price analysis

The bulls have been unsuccessful in pushing the Polkadot (DOT) price above the 20-day EMA ($5.24) over the past three days, indicating that the bears are selling on minor rallies.

The bears may try to increase their control by driving the DOT/USDT pair below the 50-day SMA ($5.05). If successful, the pair could plunge to the next support at $4.74 and then to $4.65.

Conversely, if the price rises and surpasses the 20-day EMA, it would indicate substantial buying at lower levels. This could keep the pair trading within the range of the 50-day SMA and $5.64 for a few more days.

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