Analyst points out price prediction for $ETH , $BNB , $SOL and XRP over the weekend
Cryptocurrency analyst Rakesh Upadhyay made predictions about the price behavior of some of the main cryptocurrencies on the market. The list includes: Ethereum (ETH), Binance Coin (BNB), Solana (SOL), and Ripple (XRP).
In his analysis, Upadhyay highlighted critical support and resistance levels, as well as potential price trajectories for these digital assets over the weekend.
The first cryptocurrency on the analyst's list is Ethereum. According to the analyst, ETH's rally halted at the 20-day exponential moving average (EMA) of $3,618 on June 12. This indicates that sentiment is turning negative, with traders selling at rallies.
âBulls need to protect the 50-day simple moving average (SMA) of $3,400. This is because, if they fail, the ETH/USDT pair could begin a deeper decline towards US$2,850â, he said.
Regarding BNB, he highlights that the cryptocurrency has been trading in a narrow range between US$591 and US$635 in recent days, signaling a fierce battle between bulls and bears. âThe 20-day EMA of $627 has started to decline, and the relative strength index (RSI) is in negative territory, signaling a slight advantage for the bears,â explained Upadhyay. âIf the price drops below $591, BNB/USDT could plummet to $536.â
