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BTC price could initiate a new rise in altcoins if it closes above $61,400. Due to previous failures, the funding rate on Binance is not expected to turn positive immediately, and it hasn’t. However, one of these attempts should result in an upward breakout.
BNB Coin Predictions
BTC price increase above $61,400 and the opening of Asian markets could continue with possible strong demand. However, it’s too early to celebrate because it’s uncertain how long investors accustomed to profit-taking will extend the process.
BNB started to rise on August 19 and closed above the downtrend line. Such movements in large-cap altcoins are encouraging for the overall altcoin market. On the other hand, if the rise continues, new attempts at $605 and $635 could occur. This would mean the expected move for a new ATH above $700 has begun.
Solana (SOL) Price Prediction
The ETF story ended early, and there is a thesis that applications without BlackRock will result in disappointment. During the ETH ETF process, BlackRock acted early, boosting investor confidence. BlackRock previously stated that they did not see strong demand for SOL or other altcoins and would not act soon.
The EMA20 at $147 has not yet been reclaimed, and the sales here are not unjustified. If the price continues to fall, it could drop to $136 and $116. Closures below $136 will be discouraging for a bearish breakout.
Conversely, if the price can recover from the current level, excitement could increase for $188 after pursuing $153 and $164. On the futures side, volume for SOL Coin remains strong, and investors are trading the latest fluctuations.
XRP Coin Commentary
At the time of writing, the price is above $0.6. XRP Coin remains calm despite the recent rise. The EMA20 is at $0.57, and as long as XRP Coin holds this level, there is no room for pessimism on the upside. RSI is supportive, and a test of $0.64 could succeed.
After that, the target will be $0.74. The SMA50 is a significant support, and a break below it could cause the price to compress further between $0.64 and $0.46.
