Cryptocurrencies have been experiencing a rough period, with investors facing double-digit losses. This is frustrating. While seasoned investors are accustomed to such cycles, the risk of an unusual cycle story being written during this period worries everyone. So, what are the current predictions for 4 popular cryptocurrencies?
Ethereum (ETH)
The $2,850 support was tested twice in 4 days, and the risk of a sell-off to $2,200 may increase over time. Bulls are expected to defend this area strongly as the last line of defense before a major drop. In a bullish scenario, closing above $3,110 is not far from the EMA20, and with $3,272 turning into support, a journey towards $4,094 could begin again.
Although the upcoming period for ETH will depend on whether $2,850 is maintained, the approaching ETF listings are a morale-boosting detail.
BNB Coin Prediction
BNB Coin, which found buyers at $509, continues the day with a 2% increase. Bears aiming to start a new dip journey below $460 after the ATH were disappointed, but this does not mean they will definitely fail. If the bears succeed, we could see a scenario where sales accelerate to $400 and $360.
On the other hand, when the EMA20 at $553 is surpassed, new activity towards $597 could be seen. Beyond that, the key area at $635 could pave the way for ATH attempts above $700.
Solana (SOL)
At the time of writing, 21Shares and VanEck submitted ETF forms to the CBOE exchange. These steps did not affect the price regarding the continuation of the application period. Before speculation of rejection on the initial decision date triggers major drops, we could see the contributions of the ETF news to the price. The risk of a possible downward break is at $116, and closures below it could lead to drops to $100 and $80 levels.
Ripple (XRP)
XRP Coin price made a close test to the strong support point at $0.41. At the time of writing, the popular altcoin was at $0.43, and if it turns down again, we could see it drop to $0.38 and $0.3 with closures below the support.
