5 Coin Weekly Forecast | BTC ETH BNB SOL XRP

2024-06-24, 08:05

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![](https://gimg2.gateimg.com/image/article/17192161631690791888top5cryptoprediction.jpeg)
## TL；DR
Last week, the overall crypto market showed a downward trend, with several mainstream coins showing a fluctuating downward trend since opening. Except for SOL, which has shown a more obvious downward trend, the decline of other coins is still controlled within a small range. Although most coins have a volatile short-term trend within a week, they begin to show relatively stable price fluctuations after entering the weekend closing period. As the total market value of the crypto market declines for two consecutive weeks, the performance of several mainstream top coins cannot be compared to their previous high levels, and this market state may continue for a period of time. Currently, market sentiment remains around 51. The BTC price remained around $64,000 during the weekend period, while the ETH price reached around $3,460, with similar weekly declines. The market value has significantly declined compared to the same period last week, reaching around $2.33 trillion. The weekly trend of several key coins is mainly dominated by the downward trend, with SOL experiencing the largest decline. Presently, the top five cryptocurrencies in the total market value of the crypto market are still <a href="/pt/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> (BTC), <a href="/pt/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> (ETH), Binance (<a href="/pt/price/bnb-bnb" target="_blank" class="blog_inner_link">BNB</a>), <a href="/pt/price/solana-sol" target="_blank" class="blog_inner_link">Solana</a> (SOL), and Ripple (<a href="/pt/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a>).

The price trend of the five major coins has mostly been characterized by continuous fluctuations since the beginning of the week, and most of them have shown a relatively stable trend towards the weekend. Currently, the price changes are becoming more stable. This article will study the performance of major assets, explore the factors that affect their price trends, and conduct corresponding analysis to predict their future short-term price trends.

## Bitcoin（BTC）
BTC has fallen by about 3.89% this week and is currently closing around $63,955. The overall price change is mainly characterized by a rapid fluctuation and subsequent short-term rise at the beginning of the week. However, the main trend in the future still shows a rapid fluctuation and decline curve. Currently, the closing price during the weekend is stable at around $64,000. BTC prices have remained below $67,000 for most of this week, and the price has fallen below the key price level of $64,000 several times. Although the current trend of the coin is stabilizing, there is a high probability of a rebound next week, but the magnitude is likely to be controlled within a small range, mainly with fluctuations in the price range of several thousand dollars. The high point of BTC's weekly price is $67,188, and the low point is around $63,421 when the downward trend occurred.

Analysis suggests that the recent price trend of BTC mainly continues the overall fluctuation of the market, and the crypto market lacks clear upward signals and price support. The overall trend of BTC has also shown a continuous downward trend. The BTC price is still in the adjustment stage after the decline, and the coin price is currently showing a stable trend, but there is still a further downward trend of volatility, and it is still difficult to return to the price level of $68,000 in the short term. Overall, the weekly price fluctuation of BTC remains in a state of continuous rise and fall between several thousand US dollars. The probability of a large-scale increase in the short term is relatively small, but a short-term return to above $67,000 is still a high probability event.
![](https://gimg2.gateimg.com/image/article/17192162191.jpg)
Bitcoin Price Data (Data Courtesy of CoinMarketCap)

## Ethereum（ETH）
ETH fell 3.62% this week and closed near $3,470. ETH's weekly coin price trend still maintained a slight decline, but Ethereum trading gas showed a significant decline, and various L2 networks continued to play a role. Although Ethereum's activity has intensified, the price of the coin has not shown a significant increase. For most of the week, the price remained below $3,600, indicating a volatile trend due to market fluctuations. The ETH price has shown a short-term rapid fluctuation and decline trend since the opening. Although there was some recovery in the middle of the week, it still shows a sustained fluctuation state after a rapid decline. In the short term, the ETH price will still be mainly in the range of $3,400-3,700 in the future. The peak price of the coin for a week is around $3,642 at the beginning of the week. The low point appears around $3,380 during a period of rapid decline.

Analysis suggests that the price of ETH has continued the volatile downward trend of last week's market this week, with the opening price being the highest price of the week. Within a week, there has been a significant rapid decline, and the short-term price has once again fallen below $3,400. The coin price is greatly affected by the overall market fluctuations. Currently, it appears there will be a clear upward trend in the future ETH price due to the impact of the news.
![](https://gimg2.gateimg.com/image/article/17192162362.jpg)
Ethereum Price Data (Data Courtesy of CoinMarketCap)

## Binance（BNB）
BNB fell by 4.16% this week and closed near $583. The price trend of BNB for the week is similar to other mainstream coins, mainly characterized by continuous fluctuations, with two obvious rapid decline curves within the week. Due to the significant increase in BNB prices in the previous period, the coin has mainly shown a downward trend in recent times. However, this price trend has remained stable since last week. During this week, the coin continued to fluctuate within a new price range, and was also affected by the market's cyclical fluctuations. The performance of the relevant price curve is relatively consistent with the market's large cyclical fluctuations. The high point of the coin's weekly price is around $611 during the opening period, while the low point is around $575.

Analysis suggests that the weekly price decline of BNB is normal among mainstream coins. With the overall decline in the crypto market this week, the rapid rise in coin prices earlier has stopped causing a rebound effect, resulting in relatively small weekly fluctuations in BNB prices. It is expected that the coin will experience a slight upward trend next week, and the probability of returning to above $600 is still relatively high.
![](https://gimg2.gateimg.com/image/article/17192162533.jpg)
BNB Price Data (Data Courtesy of CoinMarketCap)

## Solana（SOL）
SOL fell 11.02% this week and closed near $131. The price trend of SOL within a week has shown a continuous downward trend. Although the coin price has rebounded during the week, it is basically difficult to maintain. The overall trend of the week is mainly characterized by a rapid intraday decline, and after entering the weekend closing period, the trend enters a stable state. The coin has shown a further downward trend and is expected to experience a rapid decline again during the opening period next week. The high point of the coin's weekly price is around $151 during the opening period, while the low point is around $128. Currently, the price has once again broken through $130.

Analysis suggests that the price of SOL has been mainly affected by changes in the market and the popularity of projects within the ecosystem this week, and the coin price has been declining due to a lack of clear support. Presently, the probability of a rapid increase in SOL prices in the short term is relatively small, but the short-term trend is still mainly characterized by volatile fluctuations. The coin is likely to rebound above $140 in the following week, with sustained volatility being the main trend.
![](https://gimg2.gateimg.com/image/article/17192162674.jpg)
SOL Price Data (Data Courtesy of CoinMarketCap)

## Ripple（XRP）
XRP fell 1.50% this week and closed near $0.4817. The price of XRP has experienced a rapid upward trend since the opening period this week, but it has been maintained for a short period of time. Subsequently, it has shown a rapid downward trend, and has remained in a small price range with continuous fluctuations. The price reduction of XRP has maintained a similar range as last week, and after entering the weekend closing period, the price performance is relatively stable, but there is currently a more obvious short-term rapid decline. The <a href="/pt/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP price</a> is maintained within the range of $0.48. The high point of the coin's weekly price was around $0.5187 during a period of rapid increase, and the low point was around $0.4781 during a period of rapid decrease.

Analysis suggests that XRP prices have remained within a relatively stable range for two consecutive weeks, with the basic opening and closing prices mainly in the range of $0.48-$0.49. Although there have been short-term upward market changes due to the impact of news, most of them are difficult to maintain for a long time. It appears that the coin will continue to fluctuate within the current price range in the short term, with relatively small amplitude. However, it is still possible for the price to rebound above the $0.5 level in the short term.
![](https://gimg2.gateimg.com/image/article/17192162855.jpg)
XRP Price Data (Data Courtesy of CoinMarketCap)

## What is to come?
This week, the price performance of BTC, ETH, BNB, SOL, and XRP has further decreased compared to the same period last week, but the magnitude is relatively small, maintaining the continuous fluctuation of ups and downs for several weeks. The current market lacks a clear bullish expectation signal, which has led to a relatively sluggish performance of most mainstream coins this week. SOL prices have further declined, and there is a high probability that the mainstream market will continue to show slight fluctuations in the following week. However, it is not ruled out that the influence of news factors will drive the prices of various coins to rise rapidly. The price trends of several mainstream coins in the short term have been explained separately, but the temporary impact of news factors cannot be ruled out. More accurate information needs to be obtained through daily market fluctuations.

<div class="blog-details-info">
<div>Author:**Charles T.**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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