5 Coin Weekly Forecast | BTC ETH BNB SOL XRP

2024-07-01, 06:56

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![](https://gimg2.gateimg.com/image/article/17198165961690791888top5cryptoprediction.jpeg)
## TL；DR
Last week, the crypto market continued to maintain a small range of volatility, with several mainstream coins experiencing rapid declines since opening. Except for SOL, which showed a clear rebound trend after the mid-week period, other coins have relatively small rebounds after a decline. The crypto market has shown a significant downward trend, but the overall range of gains and losses remains within the same period. Although most coins tend to have a volatile short-term trend within a week, they then show a relatively flat price fluctuation state. As the total market value of the crypto market stabilizes within the current range, several mainstream top coins have shown relatively stable price performance in the near future. This market trend may continue for some time, and the current market sentiment remains around 45. The BTC price remained around $61,520 during the weekend, while the ETH price reached around $3,388, with similar weekly declines. The market value has slightly declined compared to last week's period, reaching around $2.27 trillion. The weekly market trend of several key coins is mainly dominated by the downward trend. Currently, the top five cryptocurrencies in the total market value of the crypto market are still <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> (BTC), <a href="/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> (ETH), Binance (<a href="/price/bnb-bnb" target="_blank" class="blog_inner_link">BNB</a>), <a href="/price/solana-sol" target="_blank" class="blog_inner_link">Solana</a> (SOL), and Ripple (<a href="/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 3.96% this week and is currently closing around $61,536. The overall price change within the week is mainly characterized by rapid fluctuations at the beginning of the week and subsequent short-term increases. However, the subsequent main trend still shows a relatively smooth fluctuation curve. The closing price during the weekend is stable at $61,500. The BTC price has remained below $64,000 for most of this week and has fallen several times below the key price level of $60,000. The current trend of the coin is tending to be flat, and it is likely to usher in a round of upward trend next week, but the magnitude is mostly controlled within a small range, with repeated ups and downs in the price range of several thousand dollars as the main factor. The high point of BTC's weekly price is $64,074, while the low point was around $59,236 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 is currently in a relatively clear fluctuation cycle. BTC has also shown a sustained fluctuation trend. Presently, the BTC price is still in a regular fluctuation trend, concentrated in the range of several thousand US dollars and continuously fluctuating. The coin price is currently showing a stable trend. Although there are signs of gradual recovery, it is still difficult to return to the price of $66,000 in the short term. Overall, the weekly price fluctuation of BTC remains in a state of continuous rise and fall between a few thousand US dollars. The probability of a large-scale increase in the short term is relatively small, but a short-term return to above $65,000 is still a high-probability event.
![](https://gimg2.gateimg.com/image/article/17198167521.jpg)
Bitcoin Price Data (Data Courtesy of CoinMarketCap)

## Ethereum（ETH）
ETH fell 2.15% this week and closed near $3,388. The weekly trend of ETH coin prices remains strongly correlated with BTC, with sustained fluctuations within the range of $200. Although the price trend of Ethereum is similar to that of BTC, the price fluctuation of this coin is relatively larger. For most of the week, the price remained below $3,400, a volatile trend caused by market fluctuations. The ETH price has shown a short-term rapid fluctuation and decline trend since the opening. Although there was a rebound 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 $3,300 - $3,500 in the future. The peak price of this coin for a week is around $3,481 during the mid-week period. The low point appeared around $3,259 during the rapid decline period at the beginning of the week.

Analysis suggests that the price of ETH has continued the volatile trend of last week's market this week, with a higher opening price range. Within a week, there has been a significant rapid decline, with short-term prices falling below $3,300 again. The coin price has been greatly affected by overall market fluctuations. It appears that the future ETH prices will follow market fluctuations and return to above the $3,500 price range.
![](https://gimg2.gateimg.com/image/article/17198168022.jpg)
Ethereum Price Data (Data Courtesy of CoinMarketCap)

## Binance（BNB）
BNB fell 1.18% this week and closed near $576. The price trend of BNB has been relatively more volatile throughout the week, mainly characterized by continuous fluctuations. There are two obvious rapid upward curves within the week, and other times are mainly characterized by continuous rapid declines. The price changes of BNB basically reflect the rapid fluctuation trend of current market trading volume. Recently, the coin has mainly shown a relatively flat market trend, and there has been a certain recovery trend. The high point of the coin's weekly price is around $585 during the opening period, while the low point is around $553.

Analysis suggests that the weekly price decline of BNB is relatively small among mainstream coins. As the crypto market continues to maintain a slight decline this week, this has led to fluctuations in <a href="/price/bnb-bnb" target="_blank" class="blog_inner_link">BNB price</a> performance and reduced market liquidity, resulting in market fluctuations. It is expected that the coin will experience a slight upward trend next week, and the probability of returning to above $580 is still relatively high.
![](https://gimg2.gateimg.com/image/article/17198168583.jpg)
BNB Price Data (Data Courtesy of CoinMarketCap)

## Solana（SOL）
SOL rose 9.73% this week and closed near $144. The price trend of SOL within a week has shown a slight decline since the opening, followed by a continuous upward trend. During the mid-week period, the price reached a key level of $150, and then showed a continuous downward trend. However, the overall increase for the week remained at a high level. After entering the weekend closing period, although the price has fallen slightly, it has remained stable in the price range of $140 - $150 and continues fluctuating. The high point of the coin's weekly price is around $150 during the mid-week period, while the low point is around $128. Currently, the price has once again broken through $140.

Analysis suggests that the price of SOL this week has been largely influenced by market trends and changes in the popularity of projects within the ecosystem, while the coin price has been driven up by the rapid rise of individual sectors within the ecosystem. The price of SOL will experience another round of increase in the short term, but it will still be mainly characterized by volatile trends in the short term. The coin is likely to rebound above $150 in the following week, with sustained volatility being the main trend.
![](https://gimg2.gateimg.com/image/article/17198169244.jpg)
SOL Price Data (Data Courtesy of CoinMarketCap)

## Ripple（XRP）
XRP fell 1.68% this week and closed near $0.4733. The price of XRP has experienced a rapid decline since the opening period this week, followed by a continuous rapid increase within the day. There is a clear rapid upward curve during the mid-week period, but it is mainly accompanied by rapid intraday fluctuations. After entering the weekend closing period, the price performance was relatively stable, with fluctuations in the $0.47 - $0.475 range. Presently, this coin's price remains within the range of $0.473. The highest point of this coin's weekly price is around $0.4823 during the opening period, and the lowest point is around $0.4658 during the rapid decline period.

Analysis suggests that XRP prices have remained within a relatively small price range for two consecutive weeks, with the basic opening price being the highest level of the week. The coin will continue to fluctuate in 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/17198169525.jpg)
XRP Price Data (Data Courtesy of CoinMarketCap)

## What is to come?
The price performance of BTC, ETH, BNB, SOL, and XRP this week has further decreased compared to last week. Except for SOL, which has a significant price increase, other coins are mainly experiencing a slight decline. The current market situation lacks a clear bullish expectation signal, and most mainstream coins' price performance this week is continuing the trend for several weeks. SOL prices have a rebound nature, and the probability of mainstream markets continuing to show slight fluctuations in the following week is relatively high. However, it cannot be ruled out that the influence of consumer 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 plays a role as well. 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.
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