Cryptocurrencies in the cryptocurrency market are not doing good. The most currencies are under bearish pressure, however, some of them can get respected positions. The situation is like this that the crypto market is doing partiality with the altcoins.
The suggestion is to the traders that they should invest in altcoins which will be going to lead the market in the coming future and should not let the altcoins down in the crypto market. Here is the analysis of the top ten cryptocurrencies that might have purchasing chance.
Bitcoin Analysis: Currently, the currency is trading at the value of $9,502.96 and its value is decreasing by -0.06%. The market cap of BTC is $169,580,045,717 and the 24-hour volume is $14,877,161,352. The circulating supply is 17,844,975 BTC.
After the last week’s downfall bulls are trying to stabilize BTC and if the value of bitcoin goes above the moving averages, then the currency will stand for the high demand below the value of $10,000. Then it will also nullify the bearish sign, which is great.
The investors can invest in the currency above the moving averages at the closing time and end the loss at the value of $9,050. The particular first aim to try currency is a downward line and ahead of it and it is retest at the value of $13,973.50. If the BTC/USD value drops then the main support levels will be at $6,933.90-$7,451.63.
ETH Analysis: The currency is trading at the value of $209.45 and its value is increasing by 0.03%. The market cap of the currency is $22,432,214,500 and the 24-hour volume is $5,823,323,439 USD. The circulating supply of the currency is 107,098,331 ETH.
The currency is struggling in the market to stay above the uptrend and on the other hand, bulls are trying to smash 20-day EMA. The next the resistance of the ETH is $235.70 and if the resistance is smashed then it is succeeded by 50-day SMA. Then it will be retested at the of $320.840. The traders will invest at the time of closing and keep the value halt at $192.
The pair of ETH/USD has smashed under the value of $192.945 which the main support at the time. And now the value could decrease up to $150. Therefore experts are suggesting purchasing it after the change of trend in the value.
Ripple Analysis: Currently, the value of trading is $0.308699 and it’s decreasing by -0.29%. The market cap of the currency is $13,222,428,841 and the 24-hour volume of the currency is $878,218,800. The currency has experienced a sharp downfall on July 27, 2019. The currency is trading around its immediate support level of $0.30258 and if the price goes down then it will lie at the value of $0.27795. This will the real deal for the bullish action because it has been the strong support for the currency since the mod-December previous year.
If the price goes down below this, then it will experience sharp bearish break and acquire the value of $0.19 and experts don’t think it stay at the support of $0.24508. But if bulls can overpower then the support will lie at the value of $0.27795 again. And the pair of XRP/USD will be able to get above 20-day EMA and achieve the value of $0.37835. This might act as resistance and XRP could achieve $0.45 mark. The investors might rebound before getting into anything new.
Litecoin Analysis: The currency is trading at the value of $89.18 and its value is increasing by 0.43%. The market cap is $5,606,958,754 and its 24-hour volume is $2,593,988,865. The currency has corrected 50% of its value and hovered from $23.1 low to high of $145.6725, after the downfall. The currency tried to smash down $84.3863 was bought by bulls on the July 16th and because of this everyone is expecting strong support around the values of $84.3963 to $76.7143.
The bearish correction will finish after the pair of LTC/UTC smashes and stayed above the downward trades. Firstly it has to go above 50-day SMA and retest the value of $145.6725. If the value goes downward, the value will reach around $76.7143 and even decrease to $69.9227 that is 61.8% Fib retracement. If the bearish correction overpowers then it will reach up to $58.
Bitcoin Cash Analysis: The currency is trading at the value of $306.42 and its value is increasing by 0.21%. The market cap is $5,490,405,565 and the 24-hour volume is $1,367,582,982. The currency is trying to stay stabilize and trying to increase above 20-day EMA. The currency is building ascending triangle of bullish pattern and it will nullify uptrend. In that situation around the range between the value of $251.23 to $345.80.
If the value becomes bearish then it will reach $166.98 and one other support lies at $227.70. On the other hand, the currency gets bullish then it will reach $345.80 and then the pair BCH/USD pair will reach up to $440.37 and above it $515.
Binance Coin Analysis: The currency is trading at the value of $27.05 and it’s increasing by -2.07%. The market cap is $4,206,785, 438 USD and its 24-hour volume is $166,148,500. The currency is trying hard to catch momentum, but there is need BNB needs to cross the value above uptrend and because it is risky to stay at $24.1709.
The BNB/USD the currency is trading strong in comparison to other altcoins and corrected its value around 30%. The experts are waiting for the currency to create the bottom and then they are advising purchasing the altcoin due the support lies at $24.1709 and downfall can be up to $18.30.
EOS/USD Analysis: The currency is trading at the value of $4.18 and its value is decreasing by -2.24%. The market cap is $3,864,554,477 and the 24-hour volume is $1,727,984,180. The currency is displayed great sale at resistance and dropped from the 20-day EMA. The bears have great power over currency and value can drop to $3.30 to $3.8723 support level. If bullish momentum will not be strong enough then the currency would be at the value of $2.2.
The bulls are trying good and defending support level at 20-day EMA. The bulls can help achieve the value of $4.9. The 50-day SMA shows strong support from going low to high.
Bitcoin SV Analysis: The currency is trading at a value of $146.56 and -1.34%. The market cap is $2,616,829, 561 and the 24-hour volume is $366,665,169. The currency is trading in descending angle and the currency has weak spot 20-day EMA. The experts are predicting that BSV will go down to $107, which the support level. The experts expecting a minor resistance at 50-day EMA and can move above $255.620.
Stellar Analysis: The currency is trading at the value of $0.083421 and its value is -0.61%. The market cap is $1,636,459,084 and the 24-hour volume is $79,982,666. The short-period downtrend of the currency is displayed decreasing moving averages. The main support is at $0.081527 and further, the currency will decrease up to the value of $0.072545 to $0.076.
The XLM/USD pair is trying to stay behind the value of $0.072545 to $0.145. The experts say the investors should purchase the currency when it is above 20-day EMA. If goes downward then the currency will drop up to $0.042.
Cardano Analysis: The currency is trading at the value of $0.060650 and its value increasing by 2.43%. The market cap is $1,572,485,145 and the 24-hour volume of the currency is $38,132,585. The currency has created a symmetrical triangle, which indicated a continuous pattern. The 20-day and 50-day are decreasing down and the currency’s triangle pattern smashes then the currency will touch the value of $0.041.
The experts think that the pair of ADA/USD will smash the triangle and indicate a reversal of the trend. If the value goes upside the currency touch the value of $0.079 and if the value goes above then it will achieve the value of $0.082 and $0.10.