Back

Crypto Price Prediction on July - TRON, DASH, NEO, IOTA. Gaining Stability Against BTC until the End of the Month

Altcoins are going up when Bitcoin is ’’relaxing’’. Can this tendency last until the end of July?

article image
Cover image via 123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of CryptoComes. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

It's too early to reckon off altcoins, according to the current picture of the cryptocurrency market. Most of the top assets are showing growth in correlation to Bitcoin, except for Chainlink, declining by 1.33%. 

Ads
Ads

The reason for the current rise of altcoins might be connected with the Bitcoin market share, whose index has gone down by 0.5% over the last 24 hours. 

It means that traders are switching to more volatile coins while BTC is facing stagnation. 

TRX/BTC

Although TRX is trying to show bullish tendencies against the US Dollar, the coin is updating the bottom in correlation to BTC.

TRX/BTC 4-hour chart
TRX/BTC chart by TradingView

Even though the rate of Tron has been increasing for two days, it is too early to think about the reversal on the long-term perspective. 

Currently, TRX is located under bears pressure, and the possible breakout might occur, when the level of 270 Satoshi is reached. 

The relative high index of trading volume is the confirmation of the upcoming price rise.

The price of TRX is trading at 0.00000248 BTC at the time of writing.

👉 MUST READ What is Tron (TRX)?related article image

DASH/BTC

DASH is showing more positive tendencies than TRX, as its rate has increased by 2.65% over the day.

DASH/BTC 1- hour chart
DASH/BTC chart by TradingView

On the 1H chart, DASH broke the support line at 0.0116 BTC and rushed to the previous resistance levels. At the moment of writing, the coin is located in an uptrend.

However, it is earlier to talk about an upcoming bull run before DASH reaches 0.013 BTC. Traders might expect this level in a few days, if the market volume becomes high as before.

The price of DASH is trading at 0.01258642 BTC at the time of writing.

NEO/BTC

While the quotes of other altcoins are increasing by 1% and more, NEO is stagnating, showing only 0.3% growth.

NEO/BTC 1- hour chart
NEO/BTC chart by TradingView

On the 1H chart, the price of NEO has been declining for 10 days, and the bottom has been achieved at 0.001260 BTC. 

From the point of the short-term scenario view, NEO is likely to locate in the yellow corridor, fluctuating between 0.001250 BTC and 0.001350 BTC. The bullish MACD indicator confirms such movements.

The price of NEO is trading at 0.00131310 BTC at the time of writing.

IOTA/BTC

The quotes of IOTA is trading in a similar pattern to NEO. The price has increased by around 1% over the last day.

IOTA/BTC 1- hour chart
IOTA/BTC chart by TradingView

Analyzing the hourly chart, IOTA has been dominated by bears with a slight rollback since the beginning of July. 

Concerning the nearest forecast, the price might increase to 0.00003100 BTC, which is confirmed by the rising RSI indicator. In addition, trading volumes are also quite high.

The price of IOTA is trading at 0.00003036 BTC at the time of writing.

The fastest way to get crypto news is to follow our Twitter. You won’t miss a thing! Subscribe.

article writer image
Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others, can be contacted at denys.serhiichuk@cryptocomes.com