Ethereum

random

Solana

Bitcoin

Show

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-ethereum-and-solana-show-varied-trading-patterns/" data-wpel-link="internal">Bitcoin, Ethereum, and Solana Show Varied Trading Patterns</a><br></p>
<p class="p1" style="text-align: justify"><strong>Bitcoin</strong> has been trading in a wide range between $56,552 and $73,777 for several weeks. Predicting the direction of the breakout is challenging because trading within this range can be random and volatile. Therefore, it might be healthier to wait for the <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">price</a> to break the resistance level before making large trades. So, what is happening with Ethereum and <a href="https://en.coin-turk.com/solana-a-promising-ethereum-competitor-with-high-potential-according-to-analyst/" data-wpel-link="internal">Solana</a> along with Bitcoin? Let’s examine together.</p> 
<h2 class="p1" style="text-align: justify" id="bitcoin-chart-analysis">Bitcoin Chart Analysis</h2> 
<p class="p1" style="text-align: justify"><strong>Bitcoin</strong> reached the bottom of the $64,602 to $72,000 range on June 18. The bulls’ inability to initiate a strong recovery from this level indicates that the bears are maintaining their selling pressure. The declining 20-day exponential moving average (EMA) of $67,249 and the relative strength index (RSI) below 40 show that the bears have the advantage. If the $64,602 level breaks, the BTC/USDT pair could drop to $60,000.</p> 
<p class="p1" style="text-align: justify">However, it does not seem likely that the bulls will give up the $64,602 level without a fight. A rise from the current level and a move above the 20-day EMA could signal the beginning of a strong uptrend. The pair could then rise to $70,000.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-363334 size-full" src="https://coin-turk.com/wp-content/uploads/2024/06/bitcoin-1.webp" alt="" width="1339" height="804"></p> 
<h2 class="p1" style="text-align: justify" id="ethereum-chart-analysis">Ethereum Chart Analysis</h2> 
<p class="p1" style="text-align: justify"><strong>Ethereum</strong> is stuck between moving averages, indicating that a sharp breakout could be imminent. If the price rises above the 20-day EMA of $3,586, the ETH/USDT pair could climb to $3,730. This is a crucial level for the bears to defend because a breakout above it could open the doors for a potential rise to $3,977.</p> 
<p class="p1" style="text-align: justify">Conversely, if the <strong>price</strong> falls and drops below the 50-day simple moving average (SMA) of $3,436, it could signal that the bears are in control. The pair could drop to the psychological support at $3,000 and eventually to $2,850.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-363333 size-full" src="https://coin-turk.com/wp-content/uploads/2024/06/ethereum.webp" alt="" width="1339" height="804"></p> 
<h2 class="p1" style="text-align: justify" id="solana-chart-analysis">Solana Chart Analysis</h2> 
<p class="p1" style="text-align: justify">Solana fell below the descending channel formation on June 18, but as seen from the long tail of the day’s candlestick, the bulls bought this dip. The declining 20-day EMA of $152 and the RSI in the negative zone indicate that the bears are in control.</p> 
<p class="p1" style="text-align: justify">If the price falls from the current level or the 20-day EMA, the bears will try to pull the <strong>SOL/USDT</strong> pair to the critical support at $116. Strong buying is expected from the bulls at this level. If the price rises and breaks above the resistance line, this bearish outlook will be invalidated in the near term, and the pair could then rise to $176.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-363332 size-full" src="https://coin-turk.com/wp-content/uploads/2024/06/solana.webp" alt="" width="1339" height="804"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-ethereum-and-solana-show-varied-trading-patterns/" data-wpel-link="internal">Bitcoin, Ethereum, and Solana Show Varied Trading Patterns</a></h5>

Bitcoin, Ethereum, and Solana Show Varied Trading Patterns

Table of Contents

COINTURK NEWS

Other articles published on Jun 19, 2024

MoonBag Meme Coin Presale Overshadows Shiba Inu and Notcoin With Presale Staking At 88% APY

FTX’s Revival Could Spark Resurgence in FTT, USTC, and LUNA

Is the War Between the SEC and Ethereum Nearing an End?

Altcoins Are Preparing for a Major 30% Crash, Analyst Issues Grave Warning

Five Top Cryptos That Could Help You Recover From Recent Market Downturn

Investors Show Interest in Notcoin Despite Recent Price Drop

Join our free newsletter for daily crypto updates!