4th July - Cryptocurrency Price Analysis (By Shivkumar)
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As per the technical charts it seems bears have a minor advantage.
A break below $8,825 will fall to the next support at $8,638.79 and critical support level at $8,130.58.
If the bulls can push the price above $9,410, a rally to $10,000 is possible.
It will be a challenging task to clear resistance zone of $10,000–$10,500, but if the price is carried above this zone than we can see a new uptrend.
As per the technical charts the bears are not able to maintain the selling pressure at lower levels.
If the bulls break above $227 and if they succeed, the possibility of a break above $ 229 increases.
If the minor resistance at $233 the bulls can push the price above it, the up move can reach $253.56.
Bearish below if it breaks below the $216.006 support and can drop to $200 and then to $176.112 is possible.
For the past few days the price action been stuck been tight range and the bulls and bears are undecided on the movement.
If the bulls push the price above $0.193 we can see a trend change is likely.
If the bears can sink the price below the $0.172205–$0.169012 support zone,the next support on the downside is the $0.14–$0.13 zone.
If the bulls can push the price above $ 238, it will signal strength and could result in a rally to $260.
Bearish if turns down from $230, bears will be on aggressive selling and a break below $217.55 can drag the price to $200 and a new downtrend is likely.
The first support on the downside is $180 and if that gets broken, the decline can extend to $165.
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