
Price Analysis for June 2023: Top Cryptocurrency Markets Including SPX, DXY and Major Altcoins
I’ll provide a summary of the analysis for each cryptocurrency mentioned:
Bullish:
- XRP: Expected to rally to $15 amid increasing open interest.
- SOL: Has broken out of the 50-day SMA, indicating bulls are attempting to extend the recovery.
- DOGE: Rose and closed above the 50-day SMA, signaling reduced selling pressure.
Neutral:
- BNB: Remains stuck between the 20-day EMA and the overhead resistance of $722.
- AVAX: Has broken out of the 50-day SMA, but may face resistance in the zone between $44.70 and $47.31.
Bearish:
- ADA: Recovery is facing resistance near $1.12, and a break below $1.05 will suggest bulls are losing their grip.
- AVAX: If price turns down from overhead zone, may drop to the 20-day EMA ($40.97).
- DOGE: A break below the 50-day SMA could lead to a slide to the 20-day EMA ($0.35).
Mixed:
- SOL: Has broken out of the 50-day SMA, but may face resistance in the zone between $235 and $247.
- ADA: Both moving averages are sloping up, indicating an upside bias.
Please note that this analysis is based on the provided text and should not be considered as investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.