Key points:
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Bitcoin Bulls are trying to keep the price above $107,000, but the Bears continue to exert pressure.
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The recovery in most of the major altcoins has fizzled out, indicating that bears continue to sell in minor rallies.
Buyers managed to keep bitcoin (BTC) above the important $107,000 support level, but the lack of a solid rebound suggests that the Bears are maintaining their pressure. The short-term uncertainty has divided analysts over BTC’s next directional move.
Global Head of Digital Assets Research, Geoff Kendrick, told Cointelegraph that BTC remains on track at Hit $200,000 by the end of 2025. Kendrick believes that investors will consider the recent selloff as a buying opportunity, pushing BTC higher.
At the other end of the spectrum is veteran trader Peter Brandt, who sees parallels between BTC’s chart and the soybean market in the 1970s, which nosedived 50% after global supply exceeded demand. Brandt told Cointelegraph that BTC is forming an extension of the top chart pattern, “Popular at the Tops,” which could Pull the price up to $ 60,000.
What are the critical support levels to watch out for in BTC and the major altcoins? Let’s check the charts of the top 10 cryptocurrencies to find out.
Bitcoin price prediction
BTC rallied sharply on Tuesday, but the Bears cut short the recovery attempt at the 50-day simple moving average ($114,137).
Sellers will try to strengthen their position by pulling Bitcoin price below the $107,000 support. If they succeed, the risk of a fall in the psychological support of $ 100,000 increases. Expect buyers to defend the $100,000 level with all they can because failure to do so could start a new downtrend.
The first sign of strength will be a break and close above the $116,000 level. That suggests that the BTC/USDT pair may stay within the $107,000 to $126,199 range for more time.
Ether price prediction
Ether (Eth) bounced back from the 20-day exponential moving average ($4,062) on Tuesday, signaling bears are selling in minor rallies.
Bears will try to sink the price of ether below the support line of the descending channel pattern. If they manage that, selling can be taken, and ETH/USDT risks dropping to $3,350.
Buyers need to push the price above the moving averages to suggest that the pair can stay inside the channel for longer. The Bulls will get the upper hand on a near line of scrimmage.
BNB price prediction
BNB (BNB) has been trading between the moving averages since Friday, indicating a tough battle between bulls and bears.
The collapse of the 20-day EMA ($1,122) and the RSI in negative territory indicate a slight edge to the bears. A close below the 50-day SMA ($1,041) indicates the start of a new downtrend at $932.
Specifically, a close above the 20-day EMA indicates that the bulls have overpowered the bears. This opens the doors for a bullish rally to the 50% Fibonacci retracement level of $1,198.
XRP price prediction
XRP’s (XRP) bounce off the $2.30 support fizzled out at the 20-day EMA ($2.55) on Tuesday, indicating a negative sentiment.
Bears will try to build on their advantage by pulling XRP price below the $2.19 support level. If they can pull it off, the XRP/USDT pair could drop to $2.06 and subsequently to $1.90.
Buyers need to quickly drive price above the 20-day EMA to signal a comeback. The pair may climb to the 50-day SMA ($2.79) and eventually to the downtrend line. A close above the downtrend line suggests the end of the corrective phase. The pair could climb to $3.38.
Solana price prediction
Solana (Sol) bounced back from the 20-day EMA ($198) on Tuesday, indicating that the bears are attempting to maintain control.
The SOL/USDT pair may slide to the support line of the descending channel pattern, where buyers are expected to walk. Bulls need to drive the price of Solana above the 20-day EMA to suggest that the pair can stay inside the channel for longer. A new move can start at a close to the resistance line.
Sellers likely have other plans. They will try to sink the price below the support line. If they can pull it off, the pair could plunge to $155 and then $145.
Dogecoin price prediction
Dogecoin (Doge) failed to rise above the 20-day EMA ($0.21), indicating that bears are selling in minor rallies.
Dogecoin price may sink to $0.18, which is an important support to watch. If the bears pull the DOGE/USDT pair below $0.18, the next stop is likely to be $0.16 and eventually $0.14.
Contrary to this assumption, if the price turns sharply and breaks above the 20-day EMA, it suggests that the selling pressure is reducing. The pair could climb to the 50-day SMA ($0.23) and eventually to the stiff overhead resistance at $0.29.
Cardano price prediction
Cardano’s (There is) The recovery attempt could not reach the 20-day EMA ($0.70), indicating a lack of demand at higher levels.
Bears will try to increase their advantage by pulling the cardano price below the $0.59 support. If they succeed, the ADA/USDT pair could break through critical support at $0.50. Buyers are expected to defend the $0.50 level with all they can because a close below it clears the path for a fall to $0.40.
This negative view is invalid in the near term if the price turns around and rises above the $0.75 breakout level. The pair may climb the downtrend line.
Related: BNB price analysis: Here’s why Bulls should hold $1k
Hyperliquid price prediction
Hyperliquid (Hype) has broken out from the neckline of the head-and-shoulders pattern, indicating that the bears remain in control.
The collapse of the 20-day EMA ($40.09) and the RSI in negative territory increase the possibility of further downside. There is support at $33.28, but if the level cracks, the hype/USDT pair can drop to $30.50 and then $28.
The bulls need to drive and maintain the hyperliquid price above the neckline to signal that the selling pressure is reducing. The pair may rally to the 50-day SMA ($46.42) and then $51.
Chainlink price prediction
chain link (Link) dipped near the support line of the descending channel pattern after buyers failed to push the price above the 20-day EMA ($19.02).
Sellers will try to sink the price below the support line and retest the $15.43 level. Repeated retesting of a support level tends to weaken it. If the level of $ 15.43 gives way, the price of chainlink can fall to $ 12.73.
Bulls need to push and sustain the price above the 20-day EMA to indicate strength. The link/USDT pair may rally to the resistance line, where bears are expected to sell aggressively.
Stellar Price Prediction
Bears are stuck in stellar (XLM) rallied near the 20-day EMA ($0.34) on Tuesday, indicating a negative sentiment.
XLM/USDT risks falling to $0.29, which is a critical support to watch. If the support of $0.29 falls, selling can accelerate, and the price of stellar can drop to $0.25.
Buyers need to push and sustain the price above the $0.34 breakdown level to signal strength. The pair may rise above the downtrend line, where the bears are expected to pose a strong challenge. A close above the downtrend line indicates a potential trend change.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.
