BTCUSD
Bitcoin running inside a large range of consolidation after a heavy downfall from its ATH (all-time high). $30,000 – $31,000 is the strong support level, Bitcoin bounced multiple times from there and currently, the price is again about to test its support level. This consolidation is now over 50days. $30,000 – $31,000 is the bull’s area and $39,000 – $40,000 is the bear’s area.
RSI is also heading in an upwards direction, seems to be exaggerated divergence is forming. Well, this month seems to be boring but you can expect a bull run after July. According to multiple on-chain data, the market seems to be good in the coming month.
Major support: $30,000 – $31,000
Flip Zone: $35000 – $36000
Major resistance: $39,000 – $40,000
ETHUSDT
ETH also following the same, the price saw a strong sell-off and corrected around 60%. Earlier, ETH broke its downtrend line and pushed towards its strong resistance level.
Market unable to sustain above the resistance zone and fell. Currently, the price has broken its HL (Higher Low), indicating more fall. Price should break and hold above the major resistance for bulls to come into power.
Major Support: $1720 – $1820
Major Resistance: $2250 – $2310
XRPUSDT
XRP continuously building its new HL (Higher Low) and now reached its strong support level. This level is the major support zone on daily TF (Timeframe).
Currently, price is trading around the bottom of its support zone. If the price breaks this level, we can easily see it around $0.54 and below. $0.43 is also good support below the level.
Major Support : $0.598 – $0.683
Major Resistance: $1.00 – $1.10
Read also: Steve Wozniak considers Bitcoin Better Than Gold, sees it as a Miracle
