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BTC, ETH, XRP, BNB, ADA, SOL and DOGE Price Analysis for January 10

2 Mins read

Bears are not going to give up so easily, according to CoinStats.

Top coins by CoinStats

BTC/USD

Bitcoin (BTC) is one of the biggest losers today, falling by 3.21%.

Image by TradingView

On the daily chart, the rate of BTC has once again bounced off the level of $44,779. If the bar closes far from it, buyers can again get back in the game, which can lead to a local rise to the $46,000-$47,000 zone.

Bitcoin is trading at $45,168 at press time.

ETH/USD

Unlike Bitcoin (BTC), the rate of Ethereum (ETH) has rocketed by almost 7% over the last day.

Image by TradingView

The price of ETH is on its way to testing the resistance level of $2,447. If the candle closes near it and with no long wick, the accumulated energy might be enough for a blast to the $2,500-$2,600 area soon.

Ethereum is trading at $2,427 at press time.

XRP/USD

The price of XRP has declined by 0.41% since yesterday.

Image by TradingView

From the technical point of view, XRP is on its way to breaking the support of $0.5491. If it happens, traders may witness a profound drop to $0.50-$0.52 shortly.

XRP is trading at $0.5580 at press time.

BNB/USD

Binance Coin (BNB) is not an exception to the rule, falling by 1.91%.

Image by TradingView

The rate of BNB has made a false breakout of yesterday’s low. If the bar closes near current prices, bulls may locally seize the initiative, which can lead to a bounce back to the $300 zone.

BNB is tradnig at $293 at press time.

ADA/USD

Cardano (ADA) has followed the drop of other coins, declining by almost 2%.

Image by TradingView

On the daily time frame, the rate of ADA is approaching the support of $0.4617. If the situation does not change soon, one can expect a breakout, folllowed by a continued drop to the $0.40-$0.45 range.

ADA is trading at $0.4998 at press time.

SOL/USD

Solana (SOL) is one of the biggest losers today, falling by 5.86%.

Image by TradingView

On the daily chart, the rate of SOL is more bearish than bullish as it has failed to fix above the vital zone of $100 again. 

In this case, a further downward move to the support of $85 is the more likely scenario for the next few days.

SOL is trading at $92.61 at press time.

DOGE/USD

The rate of DOGE has dropped by 0.28% over the past day.

Image by TradingView

DOGE is trading similarly to SOL as its price is also about to test the support level. If bulls cannot seize the initiative shortly, the breakout may lead to a blast to the $0.07 range soon.

DOGE is trading at $0.0776 at press time.

Source

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Harry is a crypto enthusiast and experienced trader with a track record of success. With a deep understanding of blockchain technology, he has analyzed market trends and identified profitable opportunities, resulting in impressive returns. Harry 's expertise lies in developing effective trading strategies that leverage the potential of cryptocurrencies. Through his articles, guides, and educational resources, he shares his insights and knowledge, helping individuals make informed trading decisions. With a keen eye for market patterns, Harry has navigated the volatile crypto landscape with confidence. Stay tuned for valuable perspectives and expert advice from Harry as he contributes to the Ailtra platform.
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