Crypto Market Price Analysis: BTC, ETH, BNB, XRP, DOGE, ADA, SOL, MATIC, LTC, DOT

• The Aug. 11 Bitcoin ETF decision delay has led to BTC’s boring price action continuing through the weekend
• Bloomberg senior exchange-traded fund (ETF) analyst Eric Balchunas has highlighted that 15 of the best-performing equity ETFs have been crypto-related
• Traders should be on their toes for a potential breakout from BTC and altcoins’ ranges when it occurs

Bitcoin ETF Decision Delay

The Aug. 11 Bitcoin ETF decision delay has resulted in BTC’s price action remaining relatively dull throughout the weekend. Bloomberg senior exchange-traded fund (ETF) analyst Eric Balchunas pointed out that 15 of the best performing equity ETFs in 2023 have been crypto-related, with exposure to cryptocurrency and blockchain.

Price Analysis

Traders should remain vigilant for a possible breakout from BTC and altcoins’ ranges when it happens. As time progresses, the range continues to shrink. Both moving averages have flattened out, while the relative strength index (RSI) is close to the midpoint – suggestive of further consolidation ahead. A break below $28,585 could take Bitcoin down to $26,000 or even $24,800; on the other hand, a strong close above $30,350 could see prices jump up to $32,400 before eventually reaching $40,000.

Ether Price Analysis

Ether ETH is currently trading between its 50-day SMA ($1,879) and horizontal support at $1,816 – indicating uncertainty among bulls and bears regarding its next directional move. Its 20-day EMA ($1,870) and 50-day SMA ($1,880) are flat and both RSI and MACD are close to their midpoints – suggesting further consolidation ahead as well as an impending bullish/bearish breakout soon. If the price drops below $1,810 then it might head towards its critical support level at $1 ,690; if buyers can push it above the overhead resistance at$ 1 ,925 then Ethereum may rise towards its all time high at$ 2 ,040 .

Analysis Of Other Altcoins

BNB: Binance Coin is facing resistance near its overhead trendline but is likely to make an upward move once it breaks out of this line. XRP: Ripple’s XRP has broken out of an ascending triangle pattern which suggests that bulls will continue pushing prices higher towards its all time high at$ 0 .93 . Dogecoin: DOGE appears ready for a bounce after breaking out of a symmetrical triangle formation; if buyers can push prices past its 20 day EMA ($0.0073), then Dogecoin may see gains up to$ 0 .0090 or even higher levels ADA: Cardano is currently holding onto most of its gains made earlier this year despite facing resistance near$ 1 .20 ; however if buyers manage to break this level then ADA could reach heights of around$ 1 .50 or even more in the coming days SOL: Solana looks set for a bullish run as buyers have managed to flip resistance into support near$ 14 ; if prices breach above this level then SOL may rise towards levels around$ 17 MATIC : Polygon recently broke above an ascending triangle pattern which suggests bulls will continue pushing prices up towards highs near$ 2 LTC : Litecoin appears ready for a rebound after forming a bull flag near current levels; if buyers can break past resistance around$ 200 than LTC may rise up towards highs near$ 260 DOT : Polkadot looks poised for another rally after breaking past an ascending triangle pattern; once buyers manage to clear overhead resistance around$ 5 , DOT may see gains up until highs nearing 6 times current levels

Conclusion

In conclusion, traders should remain vigilant for potential breakouts from current ranges across major cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Binance Coin (BNB), Ripple (XRP), Dogecoin (DOGE), Cardano (ADA), Solana (SOL), Polygon (MATIC), Litecoin (LTC) and Polkadot(DOT). With Bloomberg senior exchange-traded fund analyst Eric Balchunas highlighting positive sentiment surrounding crypto related investments – there could be further upside in store from hereonout