Basic Points:
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Bitcoin prices have seen revenue booking near $ 105,819, which has signed that bears remain active at a higher level.
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Selected altcoins continue to move higher, indicating an increase in investor interests.
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The SPX and the DXY play a catch-up with Bitcoin following the US-China Trade Deal.
Bitcoin (Btc) Started the new week with a careful note, falling below $ 103,000, but the S&P 500 index (SPX) and the US dollar index (DXY) rose strongly following the announcement of US-China trade agreement. One of these factors may be the other possessions are trying to play Bitcoin, and the sharp rally to the US dollar can act as headwinds for Bitcoin in the near term.
Bitwise European Head of Research André Dramotch said in an X post that the company’s proposal indicator has reached the highest level since 2024. History, the high level indicator resulted in a Short -term correction or price action.
Short -term uncertainty did not stop long -term bulls from adding more Bitcoin to their portfolio. Michael Saylor’s The approach was obtained by 13,390 Bitcoin At an average price of $ 99,856 between May 5 and May 11. The latest purchase has strengthened the company’s haul of 568,840 Bitcoin.
What are the important levels of support to watch over Bitcoin and Altcoins? Let’s check the charts of the top 10 cryptocurrencies to find out.
S&P 500 Index Price Prediction
The index of the S&P 500 rose strongly on May 12 and rose above the hard overhead resistance to 5,800.
Time is running out for bears. If they want to avoid reversed, they will need to defend the 5,800 levels and quickly drag the price below the 20-day average transfer of the average (5,570). If they manage to do that, the index can start a deeper correction to 5,400.
Instead, if the price closes above 5,800, the UP transfer can continue to 6,000 levels. There may be a minor to stop at 6,000, but if the bulls prevail, the index can re -evaluate all times high to 6,147.
US dollar price price prediction
The US dollar index pierced the 20-day EMA (100.42) on May 8, indicating that the bears were losing their grip.
Sellers tried to pull the price below the 20-day EMA on May 9, but Bulls will be held. The index reaches a 50-day simple transfer of average (102.08), which is expected to act as a resistance.
If the price drops from the 50-day SMA but finds support in 20-day EMA, it suggests a positive emotion. That increases the likelihood of a rally at 103.54 and thereafter at 104.68.
Bitcoin’s price prediction
Bitcoin turned away from $ 105,819, indicating that the bears were defending the $ 107,000 to $ 109,588 zone.
The first downside support is the $ 100,000 level, and below it, the 20-day EMA ($ 97,238). If the price scratches the support of the zone, the Bulls will try again to kick the BTC/USDT pair above $ 109,588. If they can pull it out, the pair can climb to $ 130,000.
Conversely, if the price drops and breaks down the 20-day EMA, it is a sign that consumers book revenue at a higher level. It opens the doors for the fall to $ 93,000 and then to 50-day SMA ($ 89,302).
Price ether
Ether (Eth) Bulls are trying to keep the price above $ 2,550, but the bears keep the sale pressure.
If the price of skids below $ 2,435, the ETH/USDT pair could fall at $ 2,320. If the price bounces $ 2,320, the Bulls will try to continue the move. There is a resistance to $ 2,850, but if it crosses, the pair can reach $ 3,000.
Contrary to this assumption, if the price drops and breaks down $ 2,320, it suggests that the bulls book revenue. The pair can go down to the breakout level of $ 2,111, which is likely to act as support.
XRP price prediction
XRP (XRP) broke above the resistance line on May 10, and the Bulls successfully held the breakout level retest on May 11.
Bulls strengthened their position by pushing the price above $ 2.50 resistance. There is a minor resistance to $ 2.65, but if the level is that -Scale, the rally can reach $ 3. Such transfer indicates a potential change in trend.
Alternatively, if the price drops sharply from $ 2.65 and breaks below the 20-day EMA ($ 2.27), this indicates a possible range of range in the near term. The XRP/USDT pair can be swing between $ 2 and $ 2.65 for some time.
BNB price prediction
Bnb (Bnb) turned away from $ 679 on May 10 but rebounds from a breakout level of $ 644 on May 12.
Consumers have tried to continue moving up, but long wick on Candlestick shows the sale near $ 700 level. If the price stays above $ 644, the Bulls will make another attempt to push the BNB/USDT pair to $ 745.
Sellers need to pull the price below $ 644 to soften the bulls. The pair can fall into 20-day EMA ($ 621). Consumers are expected to defend the 20-day EMA as a break below can tilt the advantage in favor of the Bears.
Solana’s price prediction
Solana’s (Sol) The move is stuck near $ 180 resistance, but a positive sign is that the bulls do not give much soil to bear.
A shallow pullback increases the likelihood of continuing the rally. If consumers are driving the price above $ 180, the SOL/USDT pair can rally at $ 210.
Immediate downside support is at $ 168. If price slides below $ 168, the pair may drop to 20-day EMA ($ 155). A solid rebound from the 20-day EMA suggests that the bulls remain controlled. That increases the likelihood of a break above $ 180.The sellers get the upper hand at a rest below $ 153.
Related: Set bitcoin for $ 150k BTC price rally as US, China agrees to slash tariffs
Dogecoin’s price prediction
Dogecoin (Doge) turned down from $ 0.26 on May 11, indicating a reservoir of short-term consumers.
It is expected to be aggressive that Bulls defend the breakout level of $ 0.21. If the price bounces $ 0.21 with strength, signales that the bulls will be the level of support. The DOGE/USDT pair can climb to $ 0.31.
On the other hand, a break and near the bottom of the $ 0.21 level suggest that the bears remain active at a higher level. The pair can drop in moving averages, pointing to a possible range of range between $ 0.14 and $ 0.26 in the near term.
Cardano’s price prediction
Cardano (Ada) faces resistance near $ 0.86, but a positive sign is that the bulls do not give much soil to bear.
The 20-day EMA ($ 0.72) began to turn away, and the RSI was close to the overbought area, indicating an advantage over consumers. If the price scratches from the neckline, the Bulls will try to push the ADA/USDT pair above $ 0.856. If they can pull it out, the pair can travel to the target goal of $ 1.01.
If the sellers want to avoid the reversal, they will need a fast yank price below the moving averages. If they do that, the pair can drop to solid support to $ 0.58.
Sui’s price prediction
Sui (Sui) is faced with sale at $ 4.25, but a positive signing is that Bulls retain the price above the breakout level of $ 3.90.
Both moving averages are slipping, and the RSI is close to the overbought zone, indicating that the path of at least resistance is upside down. If consumers have cleaned the level of $ 4.25, the SUI/USDT pair can sink to $ 5.
The first sign of weakness would be a rest and near the bottom level of $ 3.90. It opens the doors for the fall in 20-day EMA ($ 3.48). A bounce off the 20-day EMA signal that the positive momentum remains intact. Then the Bulls will try again to alear the overhead hurdle to $ 4.25.
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.
