Price analysis 7/10: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

Bitcoin’s recovery faces selling near $60,000, indicating that bears remain active at higher price levels.

• The bears tried to resume the downtrend in Bitcoin (BTC) on July 8, but the bulls bought the dip.
• Since July 5, United States-listed spot Bitcoin ETFs witnessed inflows of more than $650 million, showing solid demand at lower levels.
• The German government wallet seems to be preparing to sell 6,000 more Bitcoin.
• Markets will closely monitor the extent of selling by the Mt. Gox exchange’s creditors once they receive their repayments.

Uncertainty about additional Bitcoin supply in the markets has impacted sentiment, with the Crypto Fear & Greed Index hitting its lowest level since January 23.

Bitcoin price analysis

Bitcoin’s bounce on July 8 indicates strong defense at the $56,552 to $53,485 support zone, with potential for a rise to the 20-day EMA ($60,217)

Ether price analysis

Ether bounced off the $2,850 support on July 8, signaling range maintenance and the likelihood of reaching the 20-day EMA ($3,245).

BNB price analysis

BNB fell below $495 but found support at $460, possibly heading towards the 20-day EMA ($548).

Solana price analysis

Solana rose above the 20-day EMA ($141), suggesting a move towards the 50-day SMA ($151).

XRP price analysis

XRP held above $0.41, aiming for $0.46 but faces resistance. Downward movement may lead to support levels at $0.38 and $0.30.

Dogecoin price analysis

Dogecoin trades below $0.12, potential rise to $0.12 faces resistance. A breakthrough could lead to levels above $0.12.

Toncoin price analysis

Toncoin rebounded off $6.77 support, signaling possible rise to $7.72, with resistance levels at $8.29.

Cardano price analysis

Cardano bounced off support and aims for resistance at $0.50, showing potential for a robust recovery.

Avalanche price analysis

Avalanche struggles above 20-day EMA, signaling resistance at 50-day SMA ($30.96) with possible downtrend if support at $21.80 fails.

Shiba Inu price analysis

Shiba Inu clings to the 20-day EMA, potential rally towards $0.000020, with resistance at $0.000026.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.