The last day of the week is rather bearish than bullish as only some coins are in the green zone.
Top coins by CoinMarketCap
BTC/USD
The price of Bitcoin (BTC) has gone down by 1.76% since yesterday, with a price change over the last week of -0.58%.
BTC/USD chart by TradingView
Analyzing the weekly chart, Bitcoin (BTC) made a false breakout of the previous peak set in April this year. It shows that bulls have not accumulated enough energy to keep the rise above $67,000.
Bears' pressure is also confirmed by a high selling trading volume. That is why there is a high probability to expect the test of the recently formed mirror level at $56,650 next week.
Bitcoin is trading at $60,250 at press time.
ETH/USD
Etheruem (ETH) has showed better price performance than Bitcoin (BTC) as the rate of the main altcoin has risen by 4.88%.
ETH/USD chart by TradingView
Despite the growth, Ethereum (ETH) is located in a wide range between the support at $3,800 and resistance at $4,375. In this case, neither bulls nor bears have seized the initiative so far.
Sideways trading is also confirmed by the low trading volume. Volatility may be low next week as well, as ETH may locate in a range between $4,000 and $4,200.
Ethereum is trading at $4,061 at press time.
XRP/USD
XRP is the main loser from the list as its rate has decreased by 4% over the last week.
XRP/USD chart by TradingView
XRP is trading similarly to Ethereum (ETH) as it is also located in the wide channel. In this regard, one should not expect any sharp moves next week while the volume remains low. All in all, sideways trading is about to continue between $1.06 and $1.10.
XRP is trading at $1.0877 at press time.
Any financial and market information given on U.Today is written for informational purposes only. Conduct your own research by contacting financial experts before making any investment decisions.
Recommended Content
Editors’ Picks
Celebrity meme coins controversy continues amid Pump.fun revenue dominance
![Celebrity meme coins controversy continues amid Pump.fun revenue dominance](https://editorial.fxstreet.com/images/Resources/CryptoWorldSEO3_XtraSmall.jpg)
Pump.fun outperformed the Ethereum blockchain on Tuesday after raking in $1.99 million. Following this achievement, a meme coin based on actress Sydney Sweeney was the subject of controversy after its developers dumped their bags on investors.
PEPE's on-chain metrics indicate potential rally after weeks of silence
![PEPE's on-chain metrics indicate potential rally after weeks of silence](https://editorial.fxstreet.com/images/Markets/Currencies/Cryptocurrencies/PEPE/PEPE_coin_XtraSmall.jpg)
PEPE has struggled to see any significant price move after reaching an all-time high in May. Increased adoption rate and low MVRV ratio indicate a bullish run may be on the horizon. A single PEPE outflow from Binance worth $14.7 million gives credence to signs of bullish expectation.
Ethereum has failed to overcome key resistance despite bullish sentiment surrounding ETH ETF
![Ethereum has failed to overcome key resistance despite bullish sentiment surrounding ETH ETF](https://editorial.fxstreet.com/images/Markets/Currencies/Digital%20Currencies/Ethereum/ethereum_2_XtraSmall.jpg)
Ethereum (ETH) is down more than 1.4% on Tuesday following another ETH sale from the Ethereum Foundation. Meanwhile, crypto exchange Gemini's recent report reveals that ETH ETF could see about $5 billion in net inflows within six months of launch.
Crypto community blasts Polkadot following report of treasury spending
![Crypto community blasts Polkadot following report of treasury spending](https://editorial.fxstreet.com/images/Markets/Currencies/Cryptocurrencies/Polkadot/polkadot-150x150logo-637399979978734311_XtraSmall.png)
Polkadot reports $87 million of treasury spending during H1. Crypto community members expressed harsh feelings toward the DOT team's high spending. DOT is up more than 2% in the past 24 hours but risks correction following the report.
Bitcoin: BTC price correction could end in July, according to seasonal data
![Bitcoin: BTC price correction could end in July, according to seasonal data](https://editorial.fxstreet.com/images/Markets/Currencies/Digital%20Currencies/Bitcoin/bitcoin_5_XtraSmall.jpg)
Bitcoin (BTC) price appears poised for a decline this week, influenced by slight outflows in US spot ETFs, selling activity among BTC miners, and a combined transfer of 4,690.28 BTC to centralized exchanges by the US and German governments.