The Cryptos News | Daily Bitcoin News
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading
The Cryptos News | Daily Bitcoin News
No Result
View All Result
Home Top Cryptos Polkadot (DOT)

Bitcoin and ETH Price Prediction: Recovery Face Hurdles, AVAX Aims Higher

Bitcoin and ETH Price Prediction: Recovery Face Hurdles, AVAX Aims Higher
Share on FacebookShare on Twitter


Key Insights:

  • Bitcoin started an upside correction above the $20,000 resistance.
  • Ether (ETH) was able to recover above $1,050 and $1,100.
  • AVAX seems to be forming a support base above $15.

Bitcoin

After a strong decline, bitcoin price found support near the $17,800 zone. A base was formed and the price started an upside correction.

There was an upside correction above the $19,000 and $19,500 resistance levels. The price even cleared a key bearish trend line with resistance near $19,000 on the hourly chart. BTC is now trading above the $20,000 level and the 21 simple moving average (H1).

BTC Hourly Chart by FXEmpire

On the upside, the bulls are facing resistance near the $21,350 level. A clear move above $21,350 might send the price towards $23,000. If not, bitcoin could slide and revisit $19,000.

Ethereum (ETH)

ETH also followed a similar pattern and started a recovery wave from the $900 support zone. There was a decent upward move above the $1,000 resistance zone.

Ether was able to surpass the $1,060 resistance level and the 21 simple moving average (H1). On the upside, the previous support at $1,150 is acting as a strong resistance. A clear move above the $1,150 level could start an increase towards $1,260.

ETH Hourly Chart by FXEmpire

If not, the price might break a key bullish trend line at $1,100 on the hourly chart and continue lower. The next major support is near the $1,050 level.

Avalanche (AVAX)

AVAX started a major decline from the $70 resistance zone. There was a clear move below the $55 and $50 support zone to start a downtrend.

There was a downside break below the $25 support level and the 21-day simple moving average. The price even declined below the $20 level before the bulls appeared near the $15 zone.

AVAX Daily Chart by FXEmpire

AVAX is now forming a base above the $15 level and is currently rising. The main hurdle on the upside is near the $20 level and a major bearish trend line on the daily chart. A close above the $20 level may perhaps start a major increase.

If there is no upside break, the price could revisit the $15 support. Any more losses might call for a test of the $12 support.

ADA, BNB, and DOT price

Cardano (ADA) is up 6% and trading above the $0.485 level. If it surpasses $0.50, the bulls could aim a decent increase.

Binance Coin (BNB) is slowly moving higher towards the $215 and $220 levels. The main resistance on the upside is near the $235 level.

Polkadot (DOT) is up over 8% and is currently approaching the $8.0 resistance. A close above $8.0 might start a steady increase in the coming sessions.

A few trending coins are SOL, DOGE, and MATIC. Out of these, SOL is gaining pace above the key $35 resistance zone.



Read More:Bitcoin and ETH Price Prediction: Recovery Face Hurdles, AVAX Aims Higher

Tags: AimsAVAXBitcoinETHFacehigherhurdlesPredictionpricerecovery
Previous Post

Cryptocurrency Prices On June 20 2022

Next Post

Bitcoin, Ethereum, XRP, Solana Prices Show Bullish Momentum After Weekend Selloff

Related Posts

Here’s What’s Next for Bitcoin (BTC), Ethereum (ETH) and One Altcoin That Over Exploded

Here’s What’s Next for Bitcoin (BTC), Ethereum (ETH) and One Altcoin That Over Exploded

by The Cryptos News
July 30, 2022
0

A widely followed trader is exploring the near-term outlook of the two largest-crypto assets and one altcoin that has...

This is how the crypto market, especially BTC and ETH, reacted amid latest Fed hike

This is how the crypto market, especially BTC and ETH, reacted amid latest Fed hike

by The Cryptos News
July 30, 2022
0

The Federal Reserve increased the interest rate by a further 0.75% and the crypto markets responded bizarrely. The U.S....

How to Buy Polkadot Coin | Cryptopolitan

How to Buy Polkadot Coin | Cryptopolitan

by The Cryptos News
July 30, 2022
0

Polkadot is one of the top 20 cryptocurrencies by market capitalization, and it has been gaining in popularity lately.DOT...

Mehracki Token (MKI), Binance Coin (BNB), and Cardano (ADA) – Cryptocurrencies Poised To

Mehracki Token (MKI), Binance Coin (BNB), and Cardano (ADA) – Cryptocurrencies Poised To

by The Cryptos News
July 30, 2022
0

The world of cryptocurrencies is becoming ever more popular, and the speed at which people begin trading grows more...

Next Post
Bitcoin, Ethereum, XRP, Solana Prices Show Bullish Momentum After Weekend Selloff

Bitcoin, Ethereum, XRP, Solana Prices Show Bullish Momentum After Weekend Selloff

Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trending News

Payperless Crypto Wallet announced working on NFT tokens support

Payperless Crypto Wallet announced working on NFT tokens support

June 25, 2022
June’s Red-Hot Inflation Report Rattled Bitcoin and Ethereum Prices. What That Means for

June’s Red-Hot Inflation Report Rattled Bitcoin and Ethereum Prices. What That Means for

July 14, 2022
Ripple’s Counsel Urges US Lawmakers to Urgently Pass ‘Sensible’ Crypto Legislation Amid

Ripple’s Counsel Urges US Lawmakers to Urgently Pass ‘Sensible’ Crypto Legislation Amid

July 30, 2022
ADVERTISEMENT

Investment

Buying Bitcoin on the Dip? 3 Things the Smartest Investors Know About Crypto | The Motley

Buying Bitcoin on the Dip? 3 Things the Smartest Investors Know About Crypto | The Motley

July 30, 2022
Study up and become a more informed crypto investor with this bundle

Study up and become a more informed crypto investor with this bundle

July 30, 2022
Crypto Exchange KuCoin Launches NFT ETFs By Benzinga

Crypto Exchange KuCoin Launches NFT ETFs By Benzinga

July 30, 2022
Is It Right Time To Invest In Crypto Market? Crypto Expert Shares Bullish Indicator

Is It Right Time To Invest In Crypto Market? Crypto Expert Shares Bullish Indicator

July 29, 2022
$ETH-Based Investment Products Leading Bounce-Back in July, Says CryptoCompare Research

$ETH-Based Investment Products Leading Bounce-Back in July, Says CryptoCompare Research

July 29, 2022

Prices

Latest Report Shows Cryptojacking Increased By 30% During The Crypto Slump

Latest Report Shows Cryptojacking Increased By 30% During The Crypto Slump

July 30, 2022
Tron price prediction as Unifi Protocol TVL explodes

Tron price prediction as Unifi Protocol TVL explodes

July 30, 2022
Bitcoin and Ethereum Prices Are As High As They’ve Been Since June Crypto Crash, But

Bitcoin and Ethereum Prices Are As High As They’ve Been Since June Crypto Crash, But

July 30, 2022

Crypto Flipsider News – Crypto Market Rally; Nirvana (NIRV) Exploited; Vasil Delayed;

July 29, 2022

Trading

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

July 30, 2022
SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms –

SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms –

July 30, 2022
Analysis | Why the Crypto World Flinches When the SEC Calls Coins Securities

Analysis | Why the Crypto World Flinches When the SEC Calls Coins Securities

July 29, 2022
FTX wins full approval to operate crypto exchange in Dubai

FTX wins full approval to operate crypto exchange in Dubai

July 29, 2022
Crypto exchange Zipmex files for bankruptcy protection in Singapore

Crypto exchange Zipmex files for bankruptcy protection in Singapore

July 29, 2022
  • About Us
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA

© 2021 Thecryptosnews.com

No Result
View All Result
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading

© 2021 Thecryptosnews.com

wpDiscuz