Ethereum, Dash, BAT price analysis: July 08
While Dash and ETH are seemingly bullish, BAT is eying for a retracement to its immediate support. This comes at a time when altcoins are surging while Bitcoin heads down.
Ethereum [ETH]
Ethereum has seen a small pump leading to the breach of the resistance at $234.43. A retest of this seems plausible but the failure also seems more than likely, especially considering ETH’s correlation with BTC.
At press time, ETH stands tall as the second-largest crypto with a market cap of $26 billion and a 24-hour volume of $7.5 billion. With DeFi being the attention grabber, about $60 million worth of Bitcoin has now been transferred to ETH blockchain for various purposes.
Dash
As mentioned earlier, Dash looked bullish with the formation of a symmetrical triangle. Since then, the coin has pulled through with a surge of 6.14%. For Dash’s future, the price looks bullish, at least until the price hits a target of $72.54. If the momentum continues, the price could go as high as $75.46 which is a 4% surge from the current price.
The privacy coin is worth $72.54 and has a total market cap stands at a whopping $690 million making it the 24th largest cryptocurrency in the world.
Basic Attention Token [BAT]
Basic Attention Token is the utility token used as a reward for Brave Browser. Although the developers have come under scrutiny a few times, the community still believes in Brave’s ideas, which gives customers’ privacy a priority. At press time, the token is trading at $0.2675 and has a market cap of $393 million, making it the 33rd largest cryptocurrency in the world.
The uptrend for BAT seems to be coming to an end as the price has formed a lower high. However, it is not a solid confirmation as there are chances of price breaching this trendline. The RSI is at the overbought zone, although not quite yet, hence, the chances of price retracing are higher.
OhNoCrypto
via https://www.ohnocrypto.com
Akash Girimath, Khareem Sudlow