Bitcoin price remained slightly above $30,000 this week.

There was no major cryptocurrency news during the week.

We explain what to expect from Solana, Zilliqa, and Fantom.

Cryptocurrencies had another muted week as volumes from the United States remained low because of the Independence Day celebrations. Also, there was no major crypto news during the week. As a result, Bitcoin price remained at $30,000 while the total market cap of all coins dropped to $1.17 trillion. 

Solana had a relatively strong performance this week. The coin jumped to a high of $21, the highest level since June 5th of this year. It has soared by more than 56% from the lowest level this year.

As the coin jumped, the coin managed to flip above the important resistance level at $16, the lowest level on March 10th. SOL price also flipped the crucial resistance level at $19.48 into support.

Solana price has jumped above the 25-day and 50-day moving averages. The Average Directional Index (ADX) has moved to 26, signaling that the momentum is rising. At the same time, the Relative Strength Index (RSI) has moved slightly below the overbought level.

Therefore, Solana crypto price will likely continue rising as buyers target the next key resistance level to watch at $25. This price is about 22% above the current level.

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Zilliqa price had a tough week as demand for the coin eased. After rising to a high of $0.0249 on Tuesday, the coin plunged by almost 20% to $0.020. The coin has dropped below the important support level at $0.0213, the lowest level on March 10th. This price was also the neckline of the double-top pattern.

Zilliqa has moved below the 25-day and 50-day moving averages. The coin also formed a shooting star pattern, which is usually a bearish sign. Therefore, ZIL crypto price will likely continue falling as sellers target the next key support level at $0.018.

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Fantom was also in the red this week as demand for crypto tokens waned. The token peaked at $0.3285 on June 25th and then retreated this week. It has moved below the important support level at $0.3050, the lowest point on March 10th.

FTM crypto price has dropped below the 25-day and 50-day moving averages. At the same time, oscillators like MACD and the Relative Strength Index (RSI) have drifted downwards. Therefore, the outlook of the Fantom price is bearish, with the next key level to watch will be at $0.20, whic is about 20% below the current level.

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The post Crypto price prediction: Solana, Zilliqa, Fantom (FTM) appeared first on CoinJournal.

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