Kryptodata

7/29 Price Analysis: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Binance Coin (BNB), Cardano (ADA), Solana (SOL), Dogecoin (DOGE), Polygon (MATIC), Litecoin (LTC), Polkadot (DOT)

7/29 Price Analysis: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Binance Coin (BNB), Cardano (ADA), Solana (SOL), Dogecoin (DOGE), Polygon (MATIC), Litecoin (LTC), Polkadot (DOT)

Bitcoin’s price remains stagnant, while some altcoins show signs of breaking out.

The recent rate hike by the Federal Reserve did not have a significant impact on Bitcoin.

The crypto market continues to underperform after the US PCE Index came in lower than expected.

Standard Chartered’s head of crypto research predicts Bitcoin to reach $100,000 to $120,000 by 2024.

Bitcoin’s price is struggling to break above resistance levels, indicating bearish sentiment.

Ether is stuck between moving averages and may soon experience a breakout.

XRP may enter a consolidation phase between $0.67 and $0.85.

BNB’s price action is volatile, with both bulls and bears fighting for control.

Cardano rebounds off support at $0.30, but the market remains uncertain.

Solana bounces off support at $22.30, indicating a range-bound action.

Dogecoin struggles to sustain momentum above $0.08, with selling pressure at higher levels.

Polygon trades between moving averages, showing indecision in the market.

Litecoin attempts a recovery but faces resistance at the 20-day EMA.

Polkadot fails to break above the 20-day EMA, indicating selling pressure from bears.

Summary:

– Bitcoin’s price remains stagnant while altcoins show signs of breaking out.

– The recent rate hike by the Federal Reserve did not impact Bitcoin significantly.

– The crypto market underperforms after the US PCE Index came in lower than expected.

– Standard Chartered predicts Bitcoin to reach $100,000 to $120,000 by 2024.

– Altcoins like Ether, XRP, BNB, Cardano, Solana, Dogecoin, Polygon, Litecoin, and Polkadot face various challenges in their price action.

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