Price analysis 6/28: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

Altcoins see another week of rocky trading, while traders are viewing Bitcoin price dips as a buying opportunity, as seen from the fresh inflows into the spot Bitcoin ETFs.

• Bitcoin (BTC) remains stuck in a large range, but the bulls are trying to maintain the price above $60,000. This is a positive sign as it shows the bulls are not waiting for the price to dip to $56,552 before buying. According to Farside Investors data, the spot Bitcoin exchange-traded funds (ETFs) seem to have turned the corner as they attracted net inflows in the past three days.
• However, the range-bound action of the past few months and the failure to break out to a new high above $73,777 has resulted in a drop in bullish sentiments across major social media platforms over the past few weeks, per Santiment data. The drop in trader euphoria could be signaling a market bottom, added the crypto analytics firm.
• Along with Bitcoin, select analysts are turning positive on Ether. Bitwise chief investment officer Matt Hougan said in a post on X that spot Ether ETFs could attract $15 billion in net inflows within 18 months of their launch.

Bitcoin price analysis

Buyers are finding it difficult to push Bitcoin above $62,500 in the near term, but a positive sign is that they have not allowed the price to dip and sustain below $60,000.

Ether price analysis

Ether’s (ETH) relief rally is facing selling at the moving averages, indicating that the bears are active at higher levels.

BNB price analysis

Buyers are trying to defend the $560 support, but BNB’s (BNB) recovery is facing selling at the 20-day EMA ($594).

Solana price analysis

Solana (SOL) turned up sharply above the 20-day EMA ($143) on June 27, but the higher levels are attracting solid selling by the bears.

XRP price analysis

The bears have been trying to sink XRP (XRP) below the $0.46 support for the past few days, but the bulls have held their ground.

Dogecoin price analysis

Dogecoin (DOGE) has been stuck between $0.12 and $0.13 for the past few days, indicating that the bulls have successfully defended the support but failed to start a rebound.

Toncoin price analysis

Buyers pushed Toncoin (TON) above the $7.67 resistance on June 27 but are struggling to sustain the breakout.

Cardano price analysis

Cardano (ADA) has been range-bound between $0.40 and $0.35 for the past few days, indicating a balance between supply and demand.

Avalanche price analysis

Avalanche (AVAX) turned up from $23.51 on June 24 and reached the breakdown level of $29 on June 28.

Shiba Inu price analysis

Shiba Inu (SHIB) has been trading in a tight range between $0.000016 and $0.000018 for the past few days, suggesting equilibrium between buyers and sellers.