Price Analysis 7/10: BTC, ETH, XRP, BCH, BSV, ADA, LTC, BNB, CRO, EOS
The top-ranked asset on CoinMarketCap had closed (UTC time) above the 50-day simple moving average ($9,373) on July 8, which was a positive sign but the bulls could not build upon this breakout and the price dipped back below the moving averages on July 9. If the eighth-ranked cryptocurrency on CoinMarketCap rebounds off the current levels, the bulls will again try to push the price above $45.3501.
Binance Coin (BNB) witnessed profit booking at $17.50 on July 9 that dragged the price lower, however, the positive thing is that the bulls have not allowed the altcoin to dip below the first support at the 50-day SMA ($16.51). Although EOS closed (UTC time) above the minor resistance at $2.6209 on July 8, the bulls could not carry the price to the next level at $2.8319, which is a negative sign because it indicates that demand dried up at higher levels.
 BNB |
$ 592.8
|
 |
 EOS |
$ 0.7855
|
 |
 XRP |
$ 0.5063
|
 |
 BTC |
$ 62607.61
|
 |
 BCH |
$ 462.7
|
 |
 ADA |
$ 0.4552
|
 |
 ETH |
$ 3198.6
|
 |
 LTC |
$ 83.76
|
 |
