Basic Points:
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Bitcoin witnessed a hard battle between the Bulls and the bears at a $ 95,000 level.
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The solid purchase by spot bitcoin ETF investors last week indicated a positive transfer to investor’s sentiment.
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Select altcoins will hold their support levels, increasing the likelihood of a short -term move.
Bitcoin (Btc) slipped below the breakout level of $ 95,000 on May 4, indicating revenue booking at a higher level. The Bulls tried to push the price above $ 95,000 on May 5 but faced hard resistance from the bears.
Glassnode Senior Researcher Cryptovizart said in an X Bitcoin post Maintaining more than $ 93,000 is surprising And it is also dangerous as a rally to $ 93,000 to $ 96,000 range “pushed the amount of income above statistical levels.” Cryptovizart added that there is more than $ 9 in the realized income for every dollar realized in the loss.
However, a positive sign in favor of Bulls is the US-based Bitcoin Exchange set as witnessed Flows of $ 1.8 billion Last week, every Farside investor data. ETF providers and institutions gained 18,644 Bitcoin last week compared to 3,150 bitcoin mined during, reported Asset Allocator Hodl15Capital on May 4.
What are the important levels of support and resistance to guard for Bitcoin and Altcoins? 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) expanded its recovery last week and rose above the 50-day simple transfer of average (575).
The 20-day exponential transfer of average (5,501) began to turn up, and the relative index index (RSI) was in the positive territory, indicating the advantage of consumers. The upward move can reach 5,800, which is expected to attract strong sales of bears. If the price drops from 5,800, it is likely to find support in 20-day EMA.
Sellers need to yank the price below the 20-day EMA to suggest that the bullish momentum has weakened. The index can drop to 5,400 and subsequently to 5,300.
US dollar price price prediction
The US Dollar Index (DXY) bounced from 99 supports on April 29 and reached 20-day EMA (100.38) on May 1.
Consumers face hard resistance to 20-day EMA, but a minor positive does not notice many places in the bear. That improves prospects of a break above 20-day EMA. If that happens, the index can increase to 61.8% of the Fibonacci contraction of 101.39 and then to 50-day SMA (102.72).
This positive view is invalid if the price continues to lower and break below the level of 99. That may sink the index with critical support at 97.92.
Bitcoin’s price prediction
Bitcoin closed under $ 95,000 support on May 4, and Bears are trying to expand the pullback to 20-day EMA ($ 92,204).
Consumers need to defend the 20-day EMA to maintain the bullish momentum. If the price bounces from the 20-day EMA with strength, the Bulls will try again to push the BTC/USDT pair to the psychological level of $ 100,000.
Contrary to this assumption, a break and near the under-day Signs of EMA The bulls are in a hurry to get out. That can sink the pair to 50-day SMA ($ 86,890). A deeper pullback suggests a set of developing in the near term.
Price ether
Buyers managed to maintain ether (Eth) above moving averages, strength power.
The 20-day EMA ($ 1,771) gradually slipped, and the RSI was in the positive territory, indicating that the path of at least resistance was upside down. There is a minor resistance to $ 1,957, but it is likely to cross. The ETH/USDT pair may advance to a breakdown level of $ 2,111, where bears are expected to sell aggressively.
A break and near the bottom of the moving averages opens the doors for the fall at $ 1,537 and later in critical support at $ 1,368.
XRP price prediction
XRP (XRP) remains stuck between the resistance line and the support of $ 2, indicating the purchase of dips and sale at rallies.
Both moving averages are -flattened out, and the RSI is just under the middle, indicating a balance between supply and demand. This balance will be tilt in favor of the Bulls if they drive the price above the resistance line. The XRP/USDT pair can sink to $ 3, suggesting a short -term change in trend.
Conversely, a break and near the bottom $ 2 will put the seller in charge. The pair may then re -retest the important support at $ 1.61, where consumers are expected to enter.
BNB price prediction
Bnb (Bnb) slipped below the moving averages on May 4, but the bear had difficulty to maintain a lower level.
If consumers push the price above the moving averages, it suggests purchase at a lower level. The Bulls will then try to overcome the barrier to $ 620. If they succeed, the BNB/USDT pair can shoot up to $ 644.
Alternatively, if the price turns from moving averages, it is suggested that the bears are trying to control. There is support in the $ 576 to $ 566 zone, but if it breaks, the pair can dive for $ 520.
Solana’s price prediction
Solana (Sol) finds support in 20-day EMA ($ 143), indicating that the bulls will remain consumer on the dips.
Bulls will try again to push the price above $ 153 resistance. If they manage that, the SOL/USDT pair can climb to $ 180. The said transfer carries a large $ 110 to $ 260 gaming range.
If the bears want to avoid the reverse, they will need to quickly pull the price below the 20-day EMA. If they do that, the pair can drop to 50-day SMA ($ 133). That suggests a pair can combine -combined between $ 110 and $ 153 for a while.
Related: XRP price risks are 45% denial of $ 1.20 – here’s why
Dogecoin’s price prediction
Buyers managed to keep Dogecoin (Doge) above the moving averages but failed to start a strong rebound.
Bad moving averages and the RSI near the middle of the point suggests a Doge/USDT pair can expand its stay within $ 0.21 to $ 0.14 range for some time.
If the price turns from moving averages, the Bulls will try to push the pair to $ 0.21. Sellers are expected to defend the aggressive level, but if the bulls prevail, the pair can be skyrocket for $ 0.28. In particular, a break below the moving averages can sink the pair with solid support for $ 0.14.
Cardano’s price prediction
Cardano (Ada) has witnessed a tough battle between bulls and bears near moving averages.
The evil moving averages and the RSI under the mid -point does not provide a clear advantage either to bulls or bear. The first sign of strength will be a break and close to the top of $ 0.75. It opens the doors for a rally at $ 0.83.
At the downside, a nearby bottom of moving averages tilted the advantage in favor of the bears. There is a stable support at $ 0.58, but if the level gives way, the ADA/USDT pair can stab at $ 0.50.
Sui’s price prediction
Sui (Sui) is trying to bounce off 20-day EMA ($ 3.09), indicating demand at lower levels.
The Bulls will try to push the price to $ 3.90, which is expected to act as a tough resistance. However, the irritating 20-day EMA and the RSI in the positive territory suggest that consumers have one side. A break and close to the top of $ 3.90 can categrate a SUI/USDT pair for $ 4.25 and later at $ 5.
Instead, if the price decreases from the current level or the overhead resistance and breaks below the 20-day EMA, signs provided by the bulls. That can pull the price to $ 2.86 and then to 50-day SMA ($ 2.57).
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.
