Crypto Price Analysis & Overview July 24th: Bitcoin, Ethereum, Ripple, DigiByte, and Augur

Bitcoin

Bitcoin saw a strong 4% price rise this week, which saw it hit the $9,500 level. The cryptocurrency started the week by trading at the lower boundary of a symmetrical triangle near the $9,000 support region. From there, it rebounded higher, which allowed Bitcoin to break above the triangle and exit the previous phase of consolidation.

This positive breakout now puts Bitcoin on the bullish trajectory as it sets its sights towards the $10,000 level again.

Looking ahead, the first two levels of resistance are expected at $9,815 and $10,000. Above $10,000, resistance lies at $10,226 and $10,430 (2020 high).

On the other side, the first level of support lies at $9,425. Beneath this, added support is found at $9,000 (100-days EMA) and $8,709 (200-days EMA & .382 Fib Retracement).

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BTC/USD. Source: TradingView

Ethereum

Ethereum saw a very impressive 17.3% price explosion this week, which allowed the coin to hit the $275 level. Likewise, Ethereum started the week off by trading at the lower boundary of a triangle. However, this was an ascending triangle formation.

From there, ETH rebounded higher as it broke above the roof of the triangle at $250 to turn the market bullish. After breaking above the triangle, ETH continued above strong resistance at $265 (bearish .886 Fib Retracement) to reach as high as $280.

Looking ahead, if the bulls maraud forward, resistance lies at $280 and $287 (2020 high). This is followed by added resistance at $294 and $300.

On the other side, the first level of strong support lies at $265. This is followed by added support at $250 and $240.

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ETHUSD. Source: TradingView

Against Bitcoin, Ethereum also went on a rampage this week as the coin reached resistance at 0.0288 BTC. Ethereum began the week by trading at the 0.0253 BTC support level. From there, it rebounded higher as it broke above 0.0263 BTC and the 2020 high at 0.0278 BTC to reach the current resistance at 0.0288 BTC (bearish .786 Fib Retracement).

Moving forward, if the buyers continue to drive higher, resistance then lies at 0.0293 BTC, 0.03 BTC, and 0.0304 BTC (bearish .886 Fib Retracement).

Alternatively, if the sellers push lower, the first level of support lies at 0.0278 BTC. Beneath this, added support is found at 0.0271 BTC (.236 Fib Retracement), 0.0263 BTC, and 0.0258 BTC (.382 Fib Retracement).

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ETH/BTC. Source: TradingView

Ripple

XRP saw a 4.5% price rise this week as the coin reached the $0.204 level. XRP started the month off at the $0.175 (.5 Fib Retracement) support. From there, it rebounded higher to reach the 200-day EMA where the bullish momentum stalled.

Throughout the month, XRP has seen strong support at the $0.192 level (.382 Fib Retracement). It bounced from there this week as the coin returned to the 200-day EMA resistance where it has rolled over again.

Looking ahead, if the bulls break the 200-day EMA, the first level of higher resistance lies at $0.215. Above this, resistance is expected at $0.225 (bearish .5 Fib Retracement) and $0.235.

On the other side, the first level of support is found at $0.2. Beneath this, added support is found at $0.192 (.372 Fib Retracement) and $0.175 (.5 Fib Retracement).

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XRP/USD. Source: TradingView

Against Bitcoin, XRP is trapped within an acute descending triangle pattern. The coin started the month at 1890 SAT as it pushed higher to reach the 2200 SAT earlier in July. It was unable to break above 2200 SAT and has since been ranging within the acute symmetrical triangle.

Looking ahead, if the bulls break above the triangle, the first level of strong resistance lies at 2200 SAT (100-day EMA). This is followed by added resistance at 2250 SAT (bearish .236 Fib Retracement) and 2300 SAT.

On the other side, the first level of support lies at 2100 SAT. This is followed by added support at 2070 SAT and 2022 SAT.

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XRP/BTC. Source: TradingView

DigiByte

DigiByte saw a powerful 25.5% price surge this week as the coin reached $0.0255. For the past 3-months, DGB has been trapped within an ascending triangle pattern formation. The 25% price hike seen this week allowed DGB to break up above the upper boundary of this symmetrical triangle and turn bullish again.

After breaking above, DGB continued higher to reach the resistance at $0.0261.

Looking ahead, above $0.0261, added resistance lies at $0.0281 (bearish .5 Fib Retracement), $0.0288, $0.03, and $0.031 (1.414 Fib Extension).

On the other side, support lies at $0.024. Beneath this, added support is found at $0.022, $0.020, and $0.0177 (100-day EMA).

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DGB/USD. Source: TradingView

DGB has also been soaring against Bitcoin this week. The coin started trading at the 209 SAT support as it pushed higher to break above strong resistance at 250 SAT to reach as high as 278 SAT. There, it met resistance at a bearish .618 Fib Retracement and rolled over to 267 SAT.

Moving forward, if the buyers climb above 278 SAT, resistance lies at 300 SAT, 312 SAT, and 340 SAT (bearish .786 Fib Retracement).

On the other side, if sellers push lower, the first level of support lies at 250 SAT. Beneath this, added support is found at the rising trend line, 209 SAT, and 190 SAT (100-days EMA).

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DGB/BTC. Source: TradingView

Augur

REP saw a healthy 21.6% price hike over the past seven days, which saw the coin reach $23.26. REP was trading at the $18.80 level at the start of the week as it bounced higher. It quickly broke above the $20 resistance level and continued upward until it met resistance at $24.50 (1.272 Fib Extension level).

Since reaching this resistance, REP has dropped slightly as it trades at $23.15.

Looking ahead, once $24.50 has been tackled, additional resistance lies at $26.21 (1.414 Fib Extension), $28, and $28.67 (1.618 Fib Extension).

On the other side, support is first located at $21.19 (.236 Fib Retracement). This is followed by added support at $18.80 (rising trend line) and $18 (.382 Fib Retracement).

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REP/USD. Source: TradingView

REP also surged quite significantly against Bitcoin this week. The coin pushed higher from 0.0021 BTC earlier in the week as it reached the resistance at 0.0025 BTC (bearish .5 Fib Retracement). REP did spike as high as 0.00272 BTC but has since dropped into the 0.00234 BTC support (.237 Fib Retracement).

Moving forward, when the bulls break above 0.0025 BTC, higher resistance is expected at 0.0026 BTC and 0.00272 BTC (1.414 Fib Extension). This is followed by additional resistance at 0.00291 BTC (bearish .618 Fib Retracement).

On the other side, support is found at 0.00234 BTC (.236 Fib Retracement). Beneath this, added support lies at 0.0022 BTC and 0.0021 BTC (.382 Fib Retracement).

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REP/BTC. Source: TradingView

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Source: Crypto Potato