Basic Points:
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Bitcoin faces revenue booking near $ 123,000, pointing to a minor integration or correction in the near term.
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Many major altcoins are damaged above their overhead resistance levels, indicating the start of a new uprising.
Bitcoin (Btc) Started the new week with a strong note, rising above $ 123,000, but the higher level witnessed some income booking. A positive signing is that Bulls are trying to keep the price above $ 120,000.
The funds found that the Bitcoin Exchange exchanged their first back-to-back The flowers of more than $ 1 billion On Thursday and Friday, according to Farside’s investors data. That suggests investors expect the rally to continue.
Michael Saylor’s approach will not be left behind, and it continues to buy BTC after a week’s gap. The company said on a Monday by the US Securities and Exchange Commission to file it purchased 4,225 BTC at an average price of $ 111,827. The latest acquisition has strengthened approach handling of 601,550 BTC.
BTC dominance of the total capitalization of the crypto market increased above 66% by the end of June but since retreating below 65%. The little pullback is caused Many altcoins to move forward In a short time.
Historically, an altseason begins after BTC’s dominance reversed after hitting 70%. Businessman and analyst Rekt Capital said in an X post that one might think of the extent of the Altcoin rally after the BTC collapse by double number.
Will the BTC continue to fail the bear or right in the short term? Can altcoins develop at their rally? Let’s check the charts of the top 10 cryptocurrencies to find out.
S&P 500 Index Price Prediction
The S&P 500 index (SPX) maintains above the 6,147 breakout level, indicating that the bulls are holding their positions as they expect further upside down.
The level of 6,147 is the critical support to guard the downside. A break and close to the bottom 6,147 can trap aggressive bulls, pulling the price to 50-day simple moving average (5,977).
Especially, if the price turns from the current level of 6,147, this indicates that the existence remains intact. The index may move forward to 6,500, where the bear is expected to mow a strong defense.
US dollar price price prediction
The US dollar index (DXY) rose above the 20-day exponential transfer of average (97.77) on Friday, indicating that the sale of pressure was reduced.
The index can expand the relief rally to 50-day SMA (98.83), which is likely to act as a tough obstacle. If the price drops from the 50-day SMA but rebounds off 97.92, it suggests that the index is formed by a lower low. It enhances the prospects of a rally above the 50-day SMA. If that happens, the UP transfer can reach 100.54 and then 102.
This optimistic perspective will be neglected in the near term if the price drops sharply from the current level or the 50-day SMA and falls below 96.37. That can start with the next downtrend leg at 95.
Bitcoin’s price prediction
Bitcoin rallied to a new all-time high of $ 123,218 on Monday, but Bulls could not maintain a higher level as seen from long wick to candle.
The overbought level at Kamag -child Index Index (RSI) suggests a BTC/USDT pair may enter a minor correction or integration in the near term.
The pullback is expected to find support in 20-day EMA ($ 111,843). If that happens, signal that the bullish momentum remains intact. Consumers will then try to push the pair above $ 123,218, starting with the next leg of the upbringing towards the target goal of $ 150,000.
The advantage is to tilt in favor of the Bears if the price falls below the 50-day SMA ($ 107,631).
Price ether
The long wick on the ether (Eth) Candlestick on Monday shows that the bears are active at a higher level.
The first downside support was $ 2,879. If the price bounces at $ 2,879, signs that the Bulls are trying to flip the support level. The ETH/USDT pair can climb to $ 3,153 and then at $ 3,400.
Instead, if the price breaks below $ 2,879, it suggests booking of short-term consumers. The pair can drop to 20-day EMA ($ 2,707). Bulls need to successfully defend the 20-day EMA if they want to maintain the bullish momentum.
XRP price prediction
XRP (XRP) lying on the top of the $ 2.65 overhead resistance on Friday, indicating that consumers are greatly activating the seller.
The Bears tried to pull the price below $ 2.65 on Saturday, but the Bulls will be held. That suggests that the bulls are trying to flip the $ 2.65 level in support. There is a minor resistance to $ 3, but if the level crosses, the XRP/USDT pair can sink to $ 3.20 and then $ 3.40.
A note of caution is that the rally pushed the RSI deep into the overbought zone. This increases the risk of a minor correction or integration in the short term. However, the bulls remain in charge as long as the price retains above $ 2.65.
BNB price prediction
Bnb (Bnb) rose above the $ 698 resistance on Monday, but the long wick on the candle shows the sale at a higher level.
The irritating 20-day EMA ($ 669) and the RSI near the overbought zone indicate that consumers are commanded. If the price retains above $ 698, the BNB/USDT pair can rally at $ 732 and then $ 761.
The 20-day EMA is the important support to guard the downside. If the support cracks, the pair could fall into 50-day SMA ($ 658) and eventually at $ 640. That suggests a break above $ 698 can be a bull trap.
Solana’s price prediction
Solana (Sol) completed a bullish opposite H&S pattern at a close more than $ 159 on Thursday, and the Bulls successfully defended the breakout level of the breakout on Saturday.
There is a minor resistance to $ 168, but if the level crosses, the SOL/USDT pair can reach $ 185. Sellers are expected to defend the $ 185 level in all they may have because if they fail in their efforts, the pair can move forward to $ 210 and then $ 220.
The 20-day EMA ($ 155) is the important support to guard the downside. Sellers need to pull and maintain the price below the 20-day EMA to indicate a return.
Related: How high is the price of bitcoin?
Dogecoin’s price prediction
Dogecoin (Doge) faces resistance to $ 0.21, but a positive sign is that the bulls are not ceded ground in the bears.
The irritating 20-day EMA ($ 0.18) and the RSI near the overbought zone indicate the path of at least resistance is upside down. If consumers are driving the price above $ 0.21, the DOGE/USDT pair can climb to $ 0.26. Sellers are expected to mounted a vigorous defense of $ 0.26, but the pair could advance to $ 0.35 if the bulls prevail.
Sellers are likely to have other plans. They will try to defend the overhead resistance and keep the pair within $ 0.26 to $ 0.14 range for more time.
Cardano’s price prediction
Sellers tried to stop Cardano (Ada) Up move to the downtrend line, but buyers are pouring their way.
Near the top of the downtrend line on Sunday does not prove the decreased pattern of the triangle pattern. The ADA/USDT pair can rise to $ 0.86, which is likely to act as a resistance. However, the irritating 20-day EMA ($ 0.64) and the RSI in the overbought zone indicate that consumers have sides. A close above $ 0.86 can push the price to $ 1.
This positive outlook is not valid in the near term when the price decreases and breaks down the 20-day EMA. That suggests a break above the downtrend line may be a bull trap.
Hyperliquid price prediction
Hyperliquid (hype) climbed above the $ 45.80 overhead resistance on Friday, signed the continuation of the climb.
The Hype/USDT pair reached a psychologically critical level of $ 50, where sellers are expected to mounted a strong defense. If the price drops from $ 50, but the rebound off $ 45.80, it suggests the bullish momentum remains intact. That increases the likelihood of a rally at $ 60.
The first sign of weakness would be a break and close to the bottom $ 45.80. The pair can drop to 20-day EMA ($ 41.98), which is likely to attract consumers.
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.
