Price predictions 7/22: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE
Main Idea
The article provides price predictions and technical analysis for various cryptocurrencies and indices, highlighting key resistance and support levels, and potential breakout scenarios.
Key Points
1. Bitcoin faces selling near $120,000 but bulls maintain pressure, with potential for an upside breakout if it surpasses $123,218.
2. Ether exchange-traded products recorded $2.12 billion in inflows, double the previous record, indicating strong buyer interest.
3. S&P 500 Index shows bullish momentum with potential resistance at 6,500 and critical support at 6,054.
4. US Dollar Index recovery stalled at the 50-day SMA, with potential for a fall to 97.17 or a rise to 100.54 if it breaks above the 50-day SMA.
5. XRP, BNB, SOL, DOGE, ADA, and HYPE are analyzed for key resistance and support levels, with potential breakout or correction scenarios outlined.
Description
Bitcoin continues to face selling near $120,000, but the bulls have kept up the pressure, increasing the likelihood of an upside breakout.
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