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BTC price exceeded $58,000 as Germany exhausted its assets, but fell back to $57,300. Cryptocurrency investors have not had good days amidst weeks of negativity. Melting prices caused significant altcoins to lose up to 50% in a few months. So, what are the predictions for BNB, ETH, and SOL Coin?
Ethereum (ETH) Price Predictions
BTC experienced one of its rapid $1,000 losses again. ETH continues to linger at low levels as if no listing news will come soon. The long wick on July 11 reflects the strengthened selling appetite at the EMA20 at $3,239. Both the general market sentiment negativity and the expected rapid exits triggered by the ETHE trust’s ETF listing similar to the GBTC event have dampened investors’ appetite.
The $2,850 level is a strong main support, and bears will aim for a deeper dip by pulling the price below this. To prevent this, the $3,239 level needs to be reclaimed, and ETH price needs to rise to the SMA50 point at $3,499. If the support is lost, sales may continue down to the base support of $2,200.
If BTC’s rapid drop turns into closures below $56,500, we may see ETH testing $2,850 and below.
BNB Coin Price Prediction
This year, among the major cryptocurrencies by market value, BTC aside, the only asset to see ATH was BNB Coin. The ATH above $700 was not surprising amidst the end of the lawsuit and increased demand on the BSC network. However, sales continue at $547. Bears’ target here is a new test at $495. If the price cannot recover from this point, as previously warned, a new downward movement to $460 is possible.
Solana (SOL) Prediction
SOL Coin is in a relatively better position and is trying to surpass the SMA50 level. However, sales at $150 remind investors once again how bad the general market sentiment is despite the SOL ETF news. Movements between $116 and $150 may continue for a while.
The descending triangle formation is the main target of the bears, and they will look for closures below $116 to trigger this. If successful, levels of $100 and $80 may normalize.
