Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, July 23

If Bitcoin breaks out of the critical overhead resistances, the traders' sentiment will be boosted, and in turn they will start buying the altcoins that show promise.

BTC/USD The pullback on Bitcoin stopped at the $7,250 mark on July 21, which is a positive sign.

Our bullish view will be invalidated if the price breaks and sustains below $6,950.

ETH/USD Ethereum is finding support close to $440 but is still struggling to break out above $470. The 20-day EMA has flattened out, which increases the probability of a consolidation in the near term.

BCH/USD The bulls have successfully defended the 20-day EMA on Bitcoin Cash for the past three days, which is a positive sign.

If the pair fails to break out of the 50-day SMA, it might again correct to $745. EOS/USD EOS has been consolidating between $6.8926 and $9.4456 for the past month.

Currently, the price is close to the 20-day EMA, which has flattened out.

On the downside, if the bears break below $74.074, the virtual currency will become negative and can fall to $57. ADA/USD Cardano bounced off the 20-day EMA on July 21 the bulls are unable to break out of the overhead resistance at $0.18617.

XLM/USD Stellar successfully retested the breakout level of $0.2544 on July 21, which shows that the bulls continue buying the dips.

The probability of a breakout will remain high, as long as the price remains above the 20-day EMA. Therefore, we suggest investors hold on to their long positions.