Bitcoin Price Analysis
Bitcoin (BTC) turned upward on July 19 after a mild pullback, reaching $67,083.
Despite the recent pullback, U.S.-based spot Bitcoin ETFs saw continued inflows on July 17 and 18, indicating cautious but not bearish market sentiment.
On-chain analytics firm Santiment reported a significant drop in Bitcoin wallet addresses with non-zero balances, suggesting potential for a rebound following mass liquidations.
Trading firm QCP Capital remained optimistic, noting Bitcoin's resilience despite equity market weakness and the potential Mt. Gox supply.
Bitcoin's recovery faced resistance at $66,128 on July 17, but the price did not fall below the 50-day SMA ($63,806), indicating strong buying on minor dips.
The 20-day SMA ($60,380) has turned up, and the RSI is positive, suggesting bullish momentum. If the price stays above $66,128, it could rally to $70,000.
However, a break below the 50-day SMA could lead to a drop to the 20-day SMA.
Ether Price Analysis
Ether (ETH) rose above the 50-day SMA ($3,441) on July 19, signaling a potential recovery.
If the price stays above this level, the ETH/USDT pair could rally to $3,730, and possibly $4,000.
A drop below $3,346, however, could lead to a fall to the 20-day SMA ($3,235) and potentially retest the support at $2,850.
BNB Price Analysis
BNB surged above the 50-day SMA ($586) on July 19.
If the price remains above this level, the BNB/USDT pair could reach $635, with potential resistance at $722.
A drop below the 20-day SMA ($545) could lead to a range-bound action between $460 and $635.
Solana Price Analysis
Solana (SOL) broke above the downtrend line of its descending triangle pattern, indicating strong demand.
The 20-day SMA ($145) is rising, and the RSI is positive.
A sustained break above the downtrend line could lead to a rally to $180 and $210.
A drop below the moving averages could result in more time within the triangle.
XRP Price Analysis
XRP fell from $0.64 on July 18, but aggressive buying at lower levels kept it above the breakout level of $0.57.
The bullish crossover in moving averages and positive RSI suggest an upward trend.
If XRP remains above $0.57, it could retest $0.64.
A drop below $0.51 could lead to a decline to the 20-day SMA ($0.49).
Dogecoin Price Analysis
Dogecoin (DOGE) faced resistance at the 50-day SMA ($0.13) but found support at the 20-day SMA ($0.11).
A successful break above the 50-day SMA could lead to a rally to $0.15 and $0.18. Failure to break above could result in a drop to $0.10.
Toncoin Price Analysis
Toncoin (TON) is consolidating between $6.77 and $8.29.
Despite a dip below the 50-day SMA ($7.34), there was no aggressive selling.
A rise above the moving averages could lead to a rally to $7.72 and $8.29.
Cardano Price Analysis
Cardano (ADA) bounced off the moving averages on July 19. If it breaks above $0.46, it could rally to $0.52 and $0.57.
A drop below the moving averages could lead to declines to $0.35 and the support line of the channel.
Avalanche Price Analysis
Avalanche (AVAX) is stuck between its moving averages, suggesting a tussle between bulls and bears.
The 20-day SMA ($26.75) is flat, and the RSI is neutral, indicating potential range-bound action between $29 and $24.
A break above $29 could lead to a rally to $34 and $37.
Shiba Inu Price Analysis
Shiba Inu (SHIB) fell from $0.000020 on July 17 to the 20-day SMA ($0.000017) on July 18.
A rebound off the 20-day SMA could lead to another attempt to break $0.000020, potentially starting a rally to $0.000026.
A drop below the 20-day SMA could result in a range between $0.000020 and $0.000012.
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