Basic Points:
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Bitcoin faces sale near $ 109,000, but the shallow pullback suggests that the superstition can continue.
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BNB and Hype show strength, which is broken above their immediate levels of resistance.
Bitcoin (Btc) Sunday started with a soft note, with the bear trying to pull the price below a $ 107,000 level. Bitcoin stays on track for a Positive monthly close to June As long as it stays above $ 104,600. If that had happened, it would only be the second occasion since 2020 closed by Bitcoin in June in green, per coinglass data.
Bitcoin’s failure to break throughout the time high at $ 111,980 does not impede investors from buying more. Coinshares data shows $ 2.2 billion in flow In products exchanged by Bitcoin exchange last week.
In addition to the steady ETF flows, bitcoin treasury companies continued their purchases. Michael Saylor’s The approach revealed the acquisition of 4,980 bitcoin At an average price of $ 106,801, the 11 -year -old Bitcoin purchases. Similarly, metaplanet CEO Simon Gerovich said in an X post that the The firm bought 1,005 bitcoin at an average price of $ 107,601.
Can Bitcoin stay above $ 106,000, or will the price below the level? How are the altcoins likely to act? Let’s check the charts of the top 10 cryptocurrencies to find out.
S&P 500 Index Price Prediction
The S&P 500 index bouncing from the 20-day exponential transfer of average (6,029) on June 23, indicating a positive emotion.
The Bulls continue to buy at a higher level, pushing the price above the full time of 6,147 on Friday. If the price maintains above 6,147, the index can raw to 6,500.
Sellers are likely to have other plans. They will try to pull the price below 6,147, which is applying aggressive bulls. The index can then slide into 20-day EMA. A strong bounce off the 20-day EMA improves the prospects of continuation of the climb.
Conversely, a break and near the bottom of the 20-day EMA suggest booking bulls. That can pull the price up to 50-day simple transfer of average (5,827).
US dollar price price prediction
The US Dollar Index (DXY) broke and closed under 97.92 support on Wednesday, indicating that the Bears were extremely activating the bulls.
Both moving averages are slipping, and the RSI is close to oversold territory, indicating that the bears are in control. The Bulls are unlikely to give up easily and will try to push the price above the 97.92 breakdown level. If they manage to do that, the index can rally at 50-day SMA (99.28).
Alternatively, if the price drops from 97.92, it is suggested that the bears are to flip the resistance level. That could continue the downtrend, pulling the price towards the 95 level.
Bitcoin’s price prediction
Bitcoin faces sale on the downtrend line, but a positive signing is that Bulls will not allow the price to skip below the moving averages.
That suggests that bulls do not rush to book revenues as they expect one higher. The irritating transition of the averages and the RSI to the positive territory indicates the path of at least resistance is upside down.
If the price breaks above the downtrend line, the BTC/USDT pair can sink into the neckline of the reversed head-and-shoulders pattern. This is an important level for bears to defend because a rest above it indicates the continuation of the uprising.
The first sign of weakness would be a rest below the moving averages. If that happens, the pairs are at risk of falling to $ 104,500 and then to $ 100,000 support.
Price ether
Ether (Eth) Recovery faces sale near 50-day SMA ($ 2,534), indicating that bears are active at a higher level.
Both moving averages have been flattened out, and the RSI is close to the midpoint, which signed a possible action bound in the scope in the near term. If the prices of skids below $ 2,376, the ETH/USDT pair could fall at $ 2,323. It is expected that consumers will be strongly defending the $ 2,323 level as a break below can sink the pair to $ 2,111.
Upside down, a break above the 50-day SMA opens doors for a rally at $ 2,738 and then $ 2,879. The next transfer of trending can start at a break above $ 2,879 or below $ 2,111.
XRP price prediction
XRP (XRP) has been stuck within $ 2 to $ 2.65 range in the past few days, indicating the purchase near support and sale near resistance.
Bulls tries to push the price above the 50-day SMA ($ 2.25). If they do that, the XRP/USDT pair can try a rally at the top of the range at $ 2.65. Sellers will try to keep the price within the range by fierce defense at the $ 2.65 level.
If the price drops from the current level, it is suggested that the bears sell each minor rally. Sellers will try to strengthen their position by pulling the price below the support of $ 2. If they can pull it, the pair can fall to $ 1.61.
BNB price prediction
Bnb (Bnb) damaged above the resistance line of the descending channel pattern on Sunday, suggesting that the correction could be completed.
There is a minor resistance to the 50-day SMA ($ 654), but if consumers do not allow the price to sink the channel, the BNB/USDT pair can advance to $ 675 and subsequently to $ 698.
This positive view is invalid in the near term if the price drops sharply and breaks below $ 636. That suggests that the markets have rejected the rest above the channel. The pair could refuse $ 625.
Solana’s price prediction
Solana (Sol) turned up from $ 140 support Friday and rose above 20-day EMA ($ 148) on Saturday.
Consumers are trying to expand the rally above 50-day SMA ($ 158). If they manage that, the SOL/USDT pair can try a rally in overhead resistance of $ 185. It is expected to be aggressive that sellers will defend the level of $ 185 as a break above it removes the path for a rally at $ 220.
The advantage is to tilt in favor of the Bears if they have sank the price below the Support of $! 40. The pair could drop to $ 126 and, after that, at $ 110.
Related: Ethereum risk 25% price collapse while ‘massive whale’ moves $ 237m to ETH in exchanges
Dogecoin’s price prediction
Dogecoin (Doge) recovers in the 20-day EMA ($ 0.17), which is the first obstacle to guard.
If the price drops sharply from the 20-day EMA, the DOGE/USDT pair is at risk below the support of $ 0.14. If that happens, the sale can accelerate, and the pair may fall to $ 0.10.
Conversely, a break and close to the top of the 20-day EMA suggest that the pair can swing between $ 0.14 and $ 0.21 for a few hours. Consumers will get strength after they push the pair above the $ 0.21 overhead resist.
Cardano’s price prediction
Cardano (Ada) rose near 20-day EMA ($ 0.59), which is likely to act as a tough resistance.
If the price drops and breaks below $ 0.54, the ADA/USDT pair may leak with important support at $ 0.50. It is expected that consumers will defend the level of $ 0.50 in all they may be due to a break below it will complete a descending triangle pattern. That can start a downward move to $ 0.40.
Upside down, if consumers push the price above the 20-day EMA, the pair can reach 50-day SMA ($ 0.67). A change in the trend will be signed after the consumers will drive a pair above the downtrend line.
Hyperliquid price prediction
Hyperliquid (Hype) broke up above $ 39.12 resistance on Sunday, indicating that the Bulls were back in the game.
Hype/USDT pair can climb to $ 42.50 and then $ 45.80. The sellers are expected to defend the level of $ 45.80, but if the bulls prevail, the pair can bekyrocket at the psychological level of $ 50.
The first downside support is the 20-day EMA ($ 37.55) and then the 50-day SMA ($ 34.76). Sellers need to pull the price below the 50-day SMA to soften the bulls. The pair could fall at $ 30.69.
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.
