Price analysis 6/21: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT

BlackRocks application for a spot Bitcoin exchange-traded fund (ETF) has encouraged other financial firms to follow fit. It was the New York-based asset management fund WisdomTree, which made a new filing on June 21 for a Bitcoin (BTC) ETF. This was then followed by investment manager Invesco, which reactivated its application for a spot ETF.These statements increased investor belief, leading to a short capture and extra buying interest from traders who may have been waiting on the sidelines. The multitude of events over the past couple of days has actually increased buying interest in Bitcoin, which sent its market supremacy to above 50% on June 19. Daily cryptocurrency market performance. Source: Coin360The short-term traders who are expecting a quick rally to the all-time highs might remain in for a shock. In the most recent edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode alerted investors that their patience could be evaluated for another 8 to 18 months before the marketplace strikes a new all-time high.Will Bitcoins rally continue to increase for a couple of more days, or is it time to book revenues? Lets study the charts of the top 10 cryptocurrencies to find out.Bitcoin price analysisBitcoin closed and broke above the 20-day exponential moving average (EMA) of $26,934 on June 17. The bears tried to sink the rate back listed below the level on June 18, but the bulls held their ground.BTC/ USDT daily chart. Source: TradingViewThat attracted aggressive purchasing on June 19, which got further momentum on June 20. That catapulted the price above the resistance line of the coming down channel pattern, signifying a short-term pattern modification. This relocation might have hit the stops of numerous short-term bears, resulting in a brief squeeze. That sent the price skyrocketing to $30,800 on June 21. The bears are unlikely to give up quickly. They will try to stop the rally at $31,000, but if the bulls do not quit much ground from the current level, it will boost the potential customers of a rally above the overhead resistance. The BTC/USDT pair might rise to $32,400 if that happens. The bears are expected to safeguard this level with all their may because if they stop working to do that, the pair might rise to $40,000. If bears want to trap the bulls, they will need to tug the cost back below the moving averages. That might lead to a long liquidation and threaten the $25,250 support.Ether price analysisEther (ETH) showed up from the strong support of $1,700 on June 19, signifying strong purchasing at this level. ETH/USDT day-to-day chart. Source: TradingViewThe bulls continued their purchases and pressed the rate above the 20-day EMA ($1,781) on June 20. This was the first indication that the bears were losing their grip. The bullish momentum got even more on June 21 and sent the ETH/USDT set above the downtrend line. The pair is expected to rally to the mental resistance at $2,000. Contrarily, if the rate reverses direction from the existing level and slips listed below the 20-day EMA, it will suggest that bears remain in control. The set might then dip to $1,700. BNB cost analysisThe wick on BNBs (BNB) June 21 candlestick shows that the bears are selling the relief rallies to the 20-day EMA ($257). BNB/USDT daily chart. Source: TradingViewThe downsloping moving averages and the relative strength index (RSI) in the unfavorable area suggest that bears have an edge. If the rate turns down from the existing level, the BNB/USDT set may slide to $230 and later retest the vital assistance at $220. On the contrary, if bulls conquer the obstacle at the 20-day EMA, it will recommend solid demand at lower levels. The pair could then try a rally to the 61.8% Fibonacci retracement level of $272 and subsequently to the 50-day easy moving average (SMA) of $290. XRP rate analysisXRP (XRP) refused sharply from the 20-day EMA ($0.49) on June 20 and slipped listed below the 50-day SMA ($0.47), but the long tail on the candlestick shows aggressive buying at lower levels.XRP/ USDT day-to-day chart. Source: TradingViewThe 20-day EMA has actually flattened out and the RSI is just above the midpoint, showing a balance in between supply and demand. If bulls sustain the cost above the 20-day EMA, it could unlock for a potential rally to the overhead resistance at $0.56. This level might once again function as a strong barrier.The 50-day SMA stays the key support to look out for on the downside. The benefit will tilt in favor of the bears if this level is breached. The XRP/USDT set might then plunge to $0.41. Cardano price analysisThe long tail on Cardanos (ADA) June 20 candlestick reveals that the bulls are attempting to guard the zone in between $0.25 and $0.24. ADA/USDT day-to-day chart. Source: TradingViewThe ADA/USDT pair could reach the $0.30 level, which is likely to act as a formidable resistance. If the rate turns down sharply from this level, the set might consolidate in between $0.30 and $0.24 for a while.Contrary to this assumption, if bulls kick the cost above $0.30, it will recommend the start of a sustained recovery to the 50-day SMA ($0.34). The support on the disadvantage is at $0.25 and after that at $0.22. Dogecoin price analysisDogecoin (DOGE) bounced off the strong assistance at $0.06 on June 20, showing that the bulls are fiercely defending this level.DOGE/ USDT daily chart. Source: TradingViewThe DOGE/USDT pair has actually increased above the 20-day EMA ($0.06), suggesting that the bears may be losing their grip. The pair might next rally to $0.07. If the rate refuses greatly from this level, it will signify that the pair may stay range-bound in between $0.06 and $0.07 for some more time.Buyers will need to clear the difficulty at $0.07 to suggest strength. The pair may then reach $0.08, where the bears might again mount a strong defense. On the downside, a tumble below $0.06 will suggest an advantage to bears.Solana cost analysisSolana (SOL) increased above the instant resistance of $16.18 on June 20 and reached the 20-day EMA ($17.04) on June 21. SOL/USDT day-to-day chart. Source: TradingViewIf the price refuses from the existing level and slips below $16.18, it will suggest that bears are active at higher levels. The SOL/USDT pair may however retest the crucial support zone in between $15.28 and $14.06. If bulls drive the price above the 20-day EMA, it will suggest that the break listed below $15.28 may have been a bear trap. That could cause a short squeeze, propelling the set to the 50-day SMA ($19.34). Related: 3 reasons why Ethereums market cap dominance is on the risePolygon price analysisPolygon (MATIC) is gradually increasing toward the breakdown level of $0.69. The 20-day EMA ($0.69) is likewise placed at this level; thus, the bears are anticipated to defend this resistance with vigor.MATIC/ USDT daily chart. Source: TradingViewThe downsloping moving averages and the RSI in the unfavorable area show a small advantage to the bears. If the rate declines from $0.69, the MATIC/USDT pair could remain stuck in between $0.69 and $0.50 for a couple of days. The very first sign of strength will be a break and close above the 20-day EMA. Such a relocation will suggest strong purchasing at lower levels. The pair may then rise to the 50-day SMA ($0.82). The vital support to expect on the downside is $0.50. Litecoin cost analysisLitecoin (LTC) rebounded sharply off the strong assistance at $75 on June 20, showing that the bulls are strongly purchasing the dips to this level.LTC/ USDT daily chart. Source: TradingViewThe buying advanced June 21, and the bulls moved the cost above the 20-day EMA ($81), indicating a resurgence. There is a minor resistance at the 50-day SMA ($85), but it is likely to be crossed. The LTC/USDT set might first strike $92 and after that $98. Time is running out for the bears. If they wish to restore control, they will need to rapidly tug the price back below the $75 to $71 assistance zone. Up until that happens, the bulls are likely to view the dips as a purchasing opportunity.Polkadot price analysisThe bears attempted to pull Polkadot (DOT) towards the $4.22 assistance on June 20, however the long tail on the days candlestick shows strong buying at lower levels.DOT/ USDT day-to-day chart. Source: TradingViewBuyers have pressed the cost to the 20-day EMA ($4.76), which is likely to act as a strong resistance. If bulls drive the cost above the 20-day EMA, the DOT/USDT pair could reach the breakdown level of $5.15. This level is once again likely to position a strong obstacle to the bulls. If the price declines from this level, the pair might oscillate in between $5.15 and $4.22 for a long time. The bears will need to yank the price below $4.22 to start the next leg of the downtrend.This article does not include financial investment suggestions or suggestions. Every investment and trading relocation includes threat, and readers should perform their own research study when making a choice.
This post is for general details purposes and is not planned to be and need to not be taken as legal or financial investment recommendations. The views, viewpoints, and ideas revealed here are the authors alone and do not always reflect or represent the views and opinions of Cointelegraph.

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If the rate turns down from the current level, the BNB/USDT set might move to $230 and later on retest the essential support at $220. If the price turns down greatly from this level, the set might consolidate between $0.30 and $0.24 for a while.Contrary to this assumption, if bulls kick the price above $0.30, it will suggest the start of a continual recovery to the 50-day SMA ($0.34). If the rate turns down dramatically from this level, it will signal that the set might stay range-bound between $0.06 and $0.07 for some more time.Buyers will have to clear the hurdle at $0.07 to indicate strength. If bulls drive the cost above the 20-day EMA, the DOT/USDT set could reach the breakdown level of $5.15. If the price turns down from this level, the pair may oscillate between $5.15 and $4.22 for some time.