Basic Points:
-
The continuation of the integration -with Bitcoin seems to be likely in the near term, but the trend remains positive as long as the price remains more than $ 110,530.
-
Charts for BNB, XLM, LTC, and etc look positive.
Bitcoin (Btc) remains in a phase of integration -including as the Bears prevents Bulls’ attempt to maintain the price above $ 120,000. According to Fidelity Director of the Global Macro Jurrien Timmer, BTC remains in the middle of the curve of adoption compared to the internet adoption from the past decades. That suggests that BTC has a lot of room to run.
Rally of btc and the Passing three main pieces of law In the US House of Representative, it strengthened the cryptocurrency sector. Pushed to the total capitalization of the cryptocurrency market under only $ 4 trillion on FridayAccording to CoinMarketCap. Since then, the market cap has cooled to $ 3.85 trillion.
Ether (Eth) Ay Top with Altcoins charges higherSigned the start of an altseason. Although sharp rallies are common in bull markets, traders should be prepared for frequent pullbacks during the move. Therefore, it is better to stay in the sound of currency management principles than to chase prices higher.
Let’s check the charts of the top 5 cryptocurrencies that look strong on the charts.
Bitcoin’s price prediction
BTC’s shallow pullback suggests that the bulls are not in a hurry to book revenues as they expect the climb to continue.
The irritating 20-day exponential transfer of average ($ 113,984) and the relative index index (RSI) in positive territory indicates an advantage over consumers. If the Bulls pushed the price above $ 123,218, the BTC/USDT pair could continue its climb. The pair could advance to $ 135,729 and thereafter to the target pattern of $ 150,000.
Time is running out for bears. They had to quickly pull the price below the support of $ 110,530 to get back to the game. That could tempt short-term traders to book revenues, pulling the price to $ 100,000.
The price slipped below the 50-simple transfer of average, indicating that the bulls were losing their grip. The pair can drop to $ 115,000, which is an important degree to defend the bulls. If they fail to do that, the pair may challenge the zone between the neckline of the opposite head-and-shoulders pattern and the $ 110,530 support.
If the price turns from the support zone, the bulls will try again to kick the pair above $ 123,218. If they manage that, the pair can rally at $ 130,000 and then at $ 135,729.
BNB price prediction
Bnb (Bnb) took the momentum after breaking and closing above the $ 698 resistance on Wednesday.
The BNB/USDT pair pierced the $ 732 resistance and reached a $ 761 level on Friday, where the bears set a stable defense. If consumers do not allow the price to sink below $ 732, it suggests a positive emotion. It enhances the prospects of a break above $ 761. The pair can sink to $ 794.
Especially, if the price continues to lower and break down below $ 732, it signals the likelihood of a range formation. The pair can be swing between $ 698 and $ 761 for some time.
Both moving averages are flowing, and the RSI is in the overbought zone in the 4 -hour chart, indicating that the bulls are in control. The pair turned away from $ 765, but a positive signing did not allow the bulls the price to fall below $ 732. Consumers will make another attempt to capture the pair at $ 794.
The first sign of weakness will be a close below the $ 732 level, and the sale can choose if the pair falls below the 20-eema.
Stellar price predictions
Stellar (XLM) rallied strongly in recent days and reached the overhead resistance to $ 0.51.
The rally pushed the RSI into excessive territory, which signed a possible integration or correction in the near term. If consumers do not allow the price to sink below $ 0.43, the XLM/USDT pair may break above $ 0.51. If that happens, the pair can start the next Uptrend leg for $ 0.64 and later on the target goal of $ 0.80.
This positive view is invalid in the near term if the price drops and closes below $ 0.43. The pair can slide to 20-day EMA ($ 0.36).
The RSI in the 4-hour chart shows early signs of developing a bearish variation, suggesting weakening momentum. If the 20-EMA gives way, the pair can drop to 50-sma. This is a significant level to observe because a break below the 50-sma can sink the pair to a 50% level of fibonacci retracement of $ 0.37.
Alternatively, a solid bounce off the 20-em signal buying the dips. Which improves the likelihood of a break above $ 0.51 resistance. The pair can continue to be raised at $ 0.59.
Related: Stellar’s XLM has a ‘most bullish chart’ in crypto, mirroring XRP price
Litecoin price prediction
Litecoin (LTC) damaged above $ 107 resistance on Friday, but bulls could not maintain a higher level as seen from the long wick to the candle.
The bulls are not likely to give up easily. They will try to drive and maintain the price above $ 107. If they can pull it out, the LTC/USDT pair can move forward to $ 130 and then at $ 140.
Sellers are likely to have other plans. They will try to keep the price below $ 107. If they manage to do that, the pair may fall into 20-day EMA ($ 93). A deeper pullback may delay the continuation of the UP move.
The Bears pulled the price below the level of $ 107, indicating solid sale at a higher level. The pair can dip in 20-eM, which is an important support to guard. If the price scratches the 20 -epin with strength, the Bulls will try to push the pair above $ 112. If they do that, the pair can rally at $ 120 and eventually to $ 130.
Conversely, a break below the 20-Em indicates a revenue booked by short-term consumers. That could sink the pair to 50-sma.
Ethereum classic price prediction
Ethereum Classic (Etc.) Skyroketed above the $ 21.70 resistance on Friday, indicating that the bulls were in a comeback.
The sharp rally pushed the RSI into excessive territory, suggesting a minor integration or correction in the near term. The Etc/USDT pair can retire at a breakout level of $ 21.70. If the price bounces at the level of $ 21.70 with strength, it indicates that consumers support the support level. That increases the likelihood of a rally at $ 27.
Conversely, a drop below $ 21.70 suggests that markets have rejected breakout. The pair can then fall into 20-day EMA ($ 18.50).
The rally faces booking-booking for $ 24.99, pulling the price to a 38.2% fibonacci retracement level of $ 22.92. If the price is bouncing to the current level, the Bulls will try to continue the support. If they succeed, the pair can climb to $ 27.
On the other hand, a break and close to the bottom $ 22.92 can sink the pair with critical support for $ 21.70. Consumers need to defend the level of $ 21.70 to maintain the bullish momentum. If they fail in their efforts, the pair can plunge at $ 19.56, completing a 100% secret of the latest rally leg.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
