Price analysis 7/10: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC

Bitcoin has actually been having a hard time to sustain and increase above the $31,000 level for the previous few days, but Standard Chartered has painted a bullish picture for this year and the next. In a report, the bank said that Bitcoin (BTC) could reach $50,000 this year and stretch the rally to $120,000 by the end of next year.Large investors appear to be taking a bullish position and are making the many of the stagnant Bitcoin costs. Behavioral analytics platform Santiment reveals that sharks and whales, entities holding in between 10 and 10,000 Bitcoin, have increased their hoarding by 71,000 Bitcoin considering that mid-June. Daily cryptocurrency market efficiency. Source: Coin360While the long term looks bullish, macroeconomic indicators hold the type in the short term. The United States equities market is most likely to be influenced by the second-quarter earnings and the inflation information due to be launched on July 12. That is likely to set the stage for a risk-on or a risk-off sentiment.Could the S&P 500 Index (SPX) resume its rally over the next couple of days? Will Bitcoin and the altcoins follow the equities markets higher? Lets evaluate the charts to discover out.S&& P 500 Index rate analysisThe bulls are trying to safeguard the 20-day rapid moving average (4,373) however the long wick on the July 7 candlestick reveals that bears are active at higher levels.SPX day-to-day chart. Source: TradingViewThe relative strength index (RSI) has started to form a negative divergence, indicating that the bullish momentum might be compromising. That could result in a minor correction or combination for a couple of days.If the 20-day EMA collapses, the index may decline to 4,325. This is an essential level for the bulls to protect because a break listed below it might sink the index to the 50-day easy moving average (4,257). If the rate turns up from the present level and soars above 4,457, this bearish view will be negated. That will signify the resumption of the uptrend. The index could next rally to 4,650. U.S. dollar index cost analysisThe U.S. dollar index skidded back below the moving averages on July 7, which suggests that the bears have kept up the pressure.DXY daily chart. Source: TradingViewThe index could next slump to the assistance at 101.92. Buyers are anticipated to protect this level with vitality since a break below it might challenge the crucial assistance at 100.82. This is a crucial level to keep an eye on but if it breaks down, the index will finish a coming down triangle pattern. That could indicate the resumption of the next leg of the downtrend.Conversely, if the price rebounds off 101.92, the bulls will again try to overcome the barrier at 103.57. If they can pull it off, the index may climb to the drop line. A break and close above this level will invalidate the bearish setup, signaling that the bulls are on a return. Bitcoin price analysisBitcoin bounced off the 20-day EMA ($29,886) on July 7 however returned to retest the level on July 10. The repeated retest of an assistance level within a brief time tends to weaken it.BTC/ USDT everyday chart. Source: TradingViewIf bulls desire to prevent a fall, they will have to propel the price to the overhead resistance zone between $31,000 and $31,500. This zone is most likely to draw in strong selling but if bulls conquer this barrier, the BTC/USDT set may rally to the next major resistance at $40,000. Contrarily, if the cost turns down and plunges listed below the 20-day EMA, it might tempt a number of short-term bulls to book earnings. The set could then descend to the 50-day SMA ($28,170). Such a deep correction will recommend that the pair might stay stuck in between $24,800 and $31,500 for a while longer.Ether price analysisThe bulls are attempting to guard the 50-day SMA ($1,841) however they are having a hard time to move Ether (ETH) above the 20-day EMA ($1,871). This recommends that the bears are not ready to offer up their advantage.ETH/ USDT daily chart. Source: TradingViewBoth moving averages have actually flattened out and the RSI is near the midpoint, signifying a balance in between supply and demand. The ETH/USDT set may climb up to the overhead resistance at $2,000 if purchasers kick the price above the 20-day EMA. If the cost topples listed below the 50-day SMA, the bears will try to yank the cost to $1,700. This level may act as a support but if it paves the way, the set could extend its slide to the essential support at $1,626. BNB cost analysisThe bulls successfully held the assistance at $230 and pushed BNB (BNB) above the 20-day EMA ($241) on July 10. This suggests solid buying at lower levels.BNB/ USDT everyday chart. Source: TradingViewIf bulls sustain the rate above the 20-day EMA, it will recommend that the selling pressure is lowering. The BNB/USDT pair might then attempt a rally to the overhead resistance zone in between $257 to $265. The bears are expected to fiercely protect the zone.If the cost rejects from the overhead resistance, it will recommend that the set might continue to oscillate in between $265 and $220 for a while longer. The bears will have to sustain the cost and sink below $220 to indicate the start of the next leg of the downtrend.XRP cost analysisXRP (XRP) remains pinned below the 20-day EMA ($0.48), showing that the bears are offering on every healing attempt.XRP/ USDT everyday chart. Source: TradingViewThe 20-day EMA is sloping down and the RSI remains in the negative area, indicating that bears have the upper hand. Sellers will try to reinforce their position by pulling the price listed below the $0.45 assistance. If they are successful, the XRP/USDT pair might deepen the correction to the next support at $0.41. If bulls wish to prevent the slide, they will have to rapidly thrust and sustain the cost above the moving averages. That could open the doors for a possible relief rally to $0.53 and after that to $0.58. Cardano cost analysis Buyers pressed Cardano (ADA) above the 20-day EMA ($0.29) on July 8 but they might not sustain the higher levels. The bears pulled the rate back listed below the 20-day EMA on July 9. ADA/USDT day-to-day chart. Source: TradingViewThe bulls will have to protect the uptrend line if they desire to keep the bullish rising triangle pattern undamaged. If the rate rebounds off this level, the bulls will once again try to drive the ADA/USDT pair above the $0.30 resistance. If they handle to do that, the set might begin a brand-new up-move towards $0.35 and after that $0.39. Instead, if the cost slips below the uptrend line, it will invalidate the bullish pattern and sink the set to $0.26. That will suggest a combination in between $0.24 and $0.30 for some more time.Related: Gaming equipment maker Razer hacked, user data, file encryption secrets for sale online: ReportDogecoin cost analysisBuyers are finding it challenging to move Dogecoin (DOGE) above the 20-day EMA ($0.07), suggesting that the bears are safeguarding the level with vigor.DOGE/ USDT everyday chart. Source: TradingViewThe bears will attempt to sink the rate to the strong assistance at $0.06. This level is most likely to draw in purchasers. If the rate rebounds off this level with strength, it will indicate that the DOGE/USDT pair might extend its range-bound action between $0.06 and $0.07 for a few more days.The next trending relocation is expected to start after buyers drive the price above $0.07 or bears sink the pair listed below $0.06. Up until then, random and unstable cost action is most likely to continue.Solana price analysisSolana (SOL) rejected from the immediate resistance at $22, indicating that bears continue to offer on small rallies.SOL/ USDT daily chart. Source: TradingViewThe SOL/USDT pair could correct to the 20-day EMA ($19.15), which is an essential support to keep an eye on. If the rate rebounds off this level, the bulls will again attempt to clear the overhead obstacle at $22. The pair will finish a bullish head and shoulders pattern if they can pull it off. The set could then begin a rally toward $27.12. On the contrary, if the rate continues lower and plummets listed below the 50-day SMA ($18.44), numerous aggressive bulls may get trapped. That might lead to long liquidation, pulling the set near $15.28. Litecoin price analysisBuyers tried to detain Litecoins (LTC) correction at the 20-day EMA ($95) however the bears had other plans. Sellers pulled the rate below the 20-day EMA on July 10. LTC/USDT daily chart. Source: TradingViewThe bulls are attempting to push the rate back above the 20-day EMA as seen from the long tail on the days candlestick. If they do that, the LTC/USDT pair may rise to the mental level of $100. A break above this resistance could start a more powerful recovery toward $106 and after that $115. On the other hand, if the rate rejects from the current level, it will suggest that the bears are not ready to let go of their advantage. The pair might then come down to the 50-day SMA ($89) and consequently to $81. 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Such a deep correction will recommend that the pair may remain stuck in between $24,800 and $31,500 for a while longer.Ether price analysisThe bulls are attempting to protect the 50-day SMA ($1,841) but they are struggling to propel Ether (ETH) above the 20-day EMA ($1,871). If the rate topples listed below the 50-day SMA, the bears will attempt to yank the rate to $1,700. The bears will have to sustain the cost and sink listed below $220 to show the start of the next leg of the downtrend.XRP price analysisXRP (XRP) remains pinned below the 20-day EMA ($0.48), showing that the bears are selling on every recovery attempt.XRP/ USDT everyday chart. If the cost rebounds off this level with strength, it will indicate that the DOGE/USDT set may extend its range-bound action between $0.06 and $0.07 for a few more days.The next trending move is anticipated to start after buyers drive the cost above $0.07 or bears sink the pair listed below $0.06. Until then, random and volatile price action is most likely to continue.Solana price analysisSolana (SOL) turned down from the immediate resistance at $22, suggesting that bears continue to sell on small rallies.SOL/ USDT day-to-day chart.