Basic Points:
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Bitcoin has created a new all-time high, but the bulls need to maintain a higher level for momentum to pick up.
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Many altcoins have been bouncing from their their support levels, which signed a positive emotion.
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Analysts expect Bitcoin to maintain a positive momentum and move forward above $ 200,000 by the end of the year.
Bitcoin (Btc) get up to a New all-time high on May 21 In avoiding macroeconomic fears and continued flow to the US Bitcoin exchange-traded funding area. Analysts expect the momentum to continue and The Bitcoin to move forward to $ 200,000 By the end of the year.
There are several murmurs in the analysts about a bearish variation, leading to a double pattern. However, the private wealth manager said Swissblock technologies in an X post that Bitcoin’s main index is Not showing any difference -a bearishAnd the strength of the onchain remains intact.
Bitcoin is on the edge of the formation of a “gold cross” in the sun -day chart, which is generally Following a sharp rallyComes to some instances when the pattern fails. Bitcoin’s strength is expected to improve the emotion in the cryptocurrency sector, taking many altcoins higher.
What are the possible levels of target for bitcoin? Can altcoins be broken above their -their overhead resistance levels? Let’s check the charts of the top 10 cryptocurrencies to find out.
Bitcoin’s price prediction
Bitcoin rose above $ 109,588 overhead resistance, but bulls were struggling to maintain a higher level, as seen from the long wick to the candle.
The irritating transition of the averages and the KaMag -child index of strength (RSI) to the overbought zone indicates that the bulls are in control. If the price closes above $ 109,588, the BTC/USDT pair can choose momentum and skyrocket towards $ 130,000.
The 20-day exponential transfer of average ($ 101,958) is the critical support to guard the downside. A break below the 20-day EMA is the first sign that the bulls booked revenue with ease. This increases the risk of a break below the psychological support of $ 100,000.
Price ether
Consumers try to maintain ether (Eth) above the $ 2,550 level but faces significant resistance from the bear.
The irritating 20-day EMA ($ 2,334) and the RSI near the overbought zone indicate that consumers are in control. The ETH/USDT pair is likely to choose momentum at a break above $ 2,739. That removes the path for a rally at $ 3,000.
Contrary to this assumption, a break and near the bottom of the 20-day EMA signals that the bears are back in the game. The pair could fall to $ 2,111, which is likely to attract solid purchases of bulls.
XRP price prediction
XRP (XRP) witnessed a hard battle between buyers and sellers in 20-day EMA ($ 2.35).
The flat 20-day EMA and the RSI near the middle do not provide a clear advantage either to bulls or bears. If the price of skids below the 20-day EMA, the XRP/USDT pair can remain within $ 2 to $ 2.65 range.
Instead, if the price turns strongly from the 20-day EMA and breaks above $ 2.65, the advantage is to tilt in favor of the bulls. The pair can rally at $ 3 and, afterwards, at $ 3.40, where sellers are expected to mounted a strong defense.
BNB price prediction
Bnb (Bnb) The bulls will hold 20-day EMA ($ 639) support during the pullback, indicating the purchase of dips.
Bulls will try to push the price above $ 693 but are expected to deal with solid sales of bears. However, if consumers are yielding their way, the BNB/USDT pair can bekyrocket to overhead resistance to $ 745.
This optimistic perspective will be neglected in the near term if the price decreases from the current level or the resistance to the overhead and breaks below the 20-day EMA. That can sink the pair to 50-day SMA ($ 609).
Solana’s price prediction
Sellers failed to pull Solana (Sol) below 20-day EMA ($ 164), indicating demand at lower levels.
Bulls will try to push the price above the $ 185 overhead resist. If they can pull it out, the SOL/USDT pair can accelerate towards the target goal of $ 210 and then $ 220.
If sellers want to avoid reversed, they will need to quickly tug the price below the 20-day EMA. The pair can slide to $ 153 and eventually to 50-day SMA ($ 145). That suggests a possible action bound between $ 120 and $ 180.
Dogecoin’s price prediction
Dogecoin (Doge) has booked from a breakout level of $ 0.21, indicating that consumers are active at a lower level.
The 20-day EMA ($ 0.21) was trending, and the RSI was in the positive zone, which signed that consumers were commanded. The DOGE/USDT pair can rally at the level of $ 0.26, which can attract sellers. If the price drops sharply from the overhead resist, the pair can develop a narrow range between $ 0.26 and $ 0.21 for several hours.
In particular, a break and near the top of $ 0.26 signifies the start of the next transfer leg. The pair can move forward to $ 0.35.
Cardano’s price prediction
The bulls maintained Cardano (Ada) above the neckline of the opposite head-and-shoulders (H&S) pattern during pullback.
The flat 20-day EMA ($ 0.74) and the RSI in the positive zone indicate that the bulls have one side. Consumers need to push the price above $ 0.86 to signal the continuation of the climb. The ADA/USDT pair can be sckyrocket for $ 1.01.
This positive view is invalid in the near term if the price drops and breaks below the 50-day SMA ($ 0.69). That suggests that the bulls are losing their grip, increasing the risk of fall to $ 0.60.
Related: Bitcoin enters the ‘Acceleration Phase’ resembling BTC prices found after the trump election victory
Sui’s price prediction
Sa’s (Sui) The pullback gets support to 20-day EMA ($ 3.73), which expresses a positive emotion.
The irritating 20-day EMA and the RSI in the positive territory indicate an advantage over consumers. The SUI/USDT pair can reach a $ 4.25 obstacle, where sellers are expected to enter. If consumers do not get tired of the bears, it increases the likelihood of a break above $ 4.25. The pair can climb to $ 5.
The 20-day EMA is the critical support to guard the downside. A break and close to under 20-day EMA can sink the pair to 50-day SMA ($ 3.04).
Chainlink price prediction
Buyers successfully defended the neckline of the opposite H&S pattern in the chainlink (Link), indicating the purchase of dips.
Bulls tries to strengthen their position by pushing the price above the resistance line. If they manage that, the Link/USDT pair can rally at $ 18. Sellers will try to stop the upward transfer to $ 18, but the rally can reach $ 19.80 if the Bulls prevail.
Time is running out for bears. If they want to make a comeback, they will need a fast yank price below the 50-day SMA. The pair can stay inside the channel for a few days.
Avalanche’s price prediction
Avalanche (Avax) Get support for 50-day SMA ($ 20.88), which signed that the bulls are trying to build a higher low.
Consumers will have to drive and maintain the price above $ 23.50 resistance to get the upper hand. The Avax/USDT pair can climb to $ 26.84, which can act as a drawback. If consumers overcame the barrier of $ 26.84, the pair could climb to $ 31.73 and subsequently to $ 36.
Contrary to this assumption, if the price drops from overhead resistance and breaks down the 50-day SMA, it suggests that the bulls surrender. The pair could refuse $ 18.50.
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.
