Price analysis 6/19: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC
2 min read
The S&P 500 Index (SPX) has
Dogecoin price analysis
Dogecoin (DOGE) has been trading inside a tight range between the 20-day EMA ($0.06) and the horizontal support at $0.06 for the past few days.
The failure of the DOGE/USDT pair to rise above the 20-day EMA suggests that the sentiment remains negative and the bears are selling on every minor rally. That increases the risk of a break below the vital support at $0.06. If this level gives way, the pair may collapse to $0.05.
On the upside, the 20-day EMA remains the key hurdle for the bulls to cross. If they sustain the price above this resistance, the pair could rally to $0.08. This level may pose a strong challenge to the bulls.
Solana price analysis
Solana (SOL) is witnessing a tough battle near the $15.28 level. Buyers pushed the price above this level, but they have not been able to overcome the barrier at $16.18.
The bears are trying to sink the price below $15.28. If they do that, the SOL/USDT pair could slide to $14.06 and later to the support at $12.80. This is an important level to watch out for because if it breaks down, the pair may tumble to $10.
The first sign of strength will be a break above the zone between $16.18 and the 20-day EMA ($17.03). That could clear the path for a potential retest of the breakdown level of $18.70. This level is likely to attract strong selling by the bears.
Litecoin price analysis
The bulls are trying to keep Litecoin (LTC) above the immediate support at $75, which suggests that lower levels are being bought.
The bulls will try to push the price to the overhead resistance at the 20-day EMA ($81). This level is likely to witness strong selling by the bears, as they will try to maintain their control. If the price turns down from the current level or the 20-day EMA, it will open the doors for a possible retest of the support zone between $75 and $70.
Contrary to this assumption, if bulls shove the price above the 20-day EMA, it will indicate that the bears may be losing their grip. The LTC/USDT pair could then rally to $90.
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This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
