This equilibrium will shift in favor of the bulls if they propel the price above the 50-day SMA. That could result in a move to $1.60 and then to the overhead resistance at $1.94. The bears are likely to defend this level aggressively.

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Contrary to this assumption, if bears sink and sustain the price below the 20-day EMA, the ADA/USDT pair could drop to $1.20. If the price rebounds off this level, the bulls will make one more attempt to clear the overhead hurdle. However, if the $1.20 support cracks, the pair could drop to $1.

DOGE/USDT
Dogecoin (DOGE) turned down from the 20-day EMA ($0.25) on July 5 but the bears have not been able to sink the price below the $0.21 support. This suggests that selling dries up at lower levels.

DOGE/USDT daily chart. Source: TradingView
However, if bulls do not drive the price above the 20-day EMA, the selling may resume. The downsloping moving averages and the RSI below 41 suggest that the path of least resistance is to the downside.

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A break below $0.21 could open the doors for a decline to $0.15. This is an important support for the bulls because a break below it could result in panic selling. The DOGE/USDT pair could then drop to $0.10.

Alternatively, if bulls push and sustain the price above the 20-day EMA, the pair may rally to the neckline of the head and shoulders pattern.

XRP/USDT
XRP has been sandwiched between $0.63 and the 20-day EMA ($0.70) for the past few days. This tight-range trading suggests indecision among the bulls and the bears about the next directional move. Therefore, traders seem to be avoiding large bets.

XRP/USDT daily chart. Source: TradingView
However, this consolidation in the small range is unlikely to continue for long. Soon, the price may start a decisive move. If bulls thrust the price above the 20-day EMA and the overhead resistance at $0.75, the XRP/USDT pair could rise to $0.93 and later to $1.07.

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On the contrary, if the price plummets below $0.63, the bears will try to pull the price down to $0.58 and then to $0.50. A break below the psychological level at $0.50 will suggest the resumption of the downtrend.

DOT/USDT
The bulls are attempting to push Polkadot (DOT) above the overhead resistance at $16.93 and the 20-day EMA ($17.07). If they succeed, the altcoin could rally to the 50-day SMA ($20.43) where the bears are again likely to mount a stiff resistance.

DOT/USDT daily chart. Source: TradingView
However, following the breakout, if buyers arrest the next decline at the 20-day EMA, it will suggest a possible change in sentiment. The flattening 20-day EMA and the RSI above 45, signal that bulls are trying to make a comeback.

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If buyers propel the price above the 50-day SMA, the DOT/USDT pair may start its northward march toward $26.50. This positive view will invalidate if the price turns down and slides below $13.

UNI/USDT
The bulls defended the 20-day EMA ($20.11) on July 5, which indicates a possible change in sentiment. The buying continued on July 6 and the bulls pushed Uniswap (UNI) above the 50-day SMA ($22.20). There was a weak attempt by the bears to stall the relief rally at this level but that has been overcome by the buyers today.

UNI/USDT daily chart. Source: TradingView
The 20-day EMA has started to turn up and the RSI has risen above 56, indicating that buyers have the upper hand. There is a minor resistance at $25 but if this level is crossed, the UNI/USDT pair may rise to $27 and then $30.

This positive view will invalidate if the price turns down from the current level and the bears pull the pair below the 20-day EMA. If that happens, it will suggest that the bears have trapped the aggressive bulls, opening the possibility of a fall to $16.93 and later $13.

Related: Bitcoin battles $35K as traders agree volatile BTC price move incoming

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BCH/USDT
Bitcoin Cash (BCH) has been clinging to the overhead resistance at $538.11 for the past few days. A tight consolidation near a stiff resistance usually results in a break above it.

BCH/USDT daily chart. Source: TradingView
The flat 20-day EMA ($524) and the RSI above 46 indicate the bulls are trying to make a comeback. If buyers propel the price above $538.11, the BCH/USDT pair could start its upward journey to $650.35 and then $800.

Contrary to this assumption, if the price turns down from the current level or the 50-day SMA ($596) and breaks below $475.69, the pair may drop to $370. Such a move may keep the pair range-bound between $370 and $538.11 for a few more days.

SOL/USDT
Solana (SOL) had been trading between the 50-day SMA ($34.67) and the horizontal support at $33 for the past few days. This showed that the bulls were not dumping their positions near the 50-day SMA and were buying on dips below $33.

SOL/USDT daily chart. Source: TradingView
The failure of the bears to sustain the price below $33 attracted buying and the bulls have driven the price above the 50-day SMA today. The SOL/USDT pair could now rally to the overhead resistance zone at $41.75 to $44.

If the price turns down from this zone but rebounds off the 20-day EMA, it will suggest that the sentiment has changed from sell on rallies to buy on dips. That will improve the prospects of a break above $44. If that happens, the pair could start a new uptrend. The bears may gain the upper hand on a break below $31.36.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.