Basic Points:
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Bitcoin trades on a tight range, indicating a possible breakout over the next few days.
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Consumers did not give much land to the bear on the ether, suggesting the continuation of the rally.
Bitcoin (Btc) has been stuck within a tight range between $ 112,000 and $ 115,720 in recent days, indicating anesthesia between the bulls and the bears about the next direction transfer.
The BTC’s weakness and the collapse of most of the Altcoins suggest a retreat of “speculation -that appetite,” Bitfinex analysts said in a market report. Analysts look forward to the The cryptocurrency markets to get into a period of integration -sa.
BTC’s near-term action is Not to instill trust in some analystsBut fundstrat co-founder and bitmine chairman Tom Lee remains bullish. While speaking to the podcast of coin stories, Lee said BTC can move forward to $ 200,000 or even $ 250,000 By the end of the year.
Can BTC break into its tight range? Can Altcoins follow BTC? Let’s check the charts of the top 10 cryptocurrencies to find out.
Bitcoin’s price prediction
On Tuesday, the BTC bounced from a 50-day simple transfer of average ($ 112,619), indicating that the bulls were diligently defending the level.
The relief rally is expected to face the sale of the 20-day SMA ($ 116,804), which drops. If that happens, the BTC/USDT pair can be compressed between moving averages for a few hours.
Consumers will get the upper hand if they drive and maintain the price above the 20-day SMA. If they can pull it, the pair can challenge the overhead resistance of $ 120,000 and then the full time of $ 123,218.
Conversely, a break below the 50-day SMA opens doors for a fall to $ 105,000 and then $ 100,000. There is a support of $ 110,530, but it is likely to break.
Price ether
Buyers pushed the ether (Eth) above the 20-day SMA ($ 3,675) on Monday but the obstruction to $ 3,745 was unable to clear.
However, a minor positive is that the bulls do not give much soil to bear. That suggests that the bulls are holding their positions as they expect another move higher. If the $ 3,745 level crossed, the ETH/USDT pair could climb to $ 3,941 and eventually $ 4,094.
This positive view is invalid in the short term if the price drops and falls below the 61.8% level of fibonacci retracement of $ 3,300. It opens the doors for the fall in the 50-day SMA ($ 3,058).
XRP price prediction
XRP (XRP) turned up from 50-day SMA ($ 2.69) on Sunday but faced sales near 20-day SMA ($ 3.16).
That suggests that the bulls are buying the dips and the bears are selling at the rallies. That could keep the XRP/USDT pair stuck between moving averages for a while.
Consumers need to drive the price above the 20-day SMA to signal that the corrective phase may be completed. The pair could rise to $ 3.33 and eventually to $ 3.66.
Alternatively, a drop below the 50-day SMA signals losing the bulls tightly. The pair could then fall to $ 2.40.
BNB price prediction
Bnb’s (Bnb) The relief rally faces sale at 20-day SMA ($ 774), but a positive sign is that the bulls maintain pressure.
If the price rises above the 20 -day SMA, the BNB/USDT pair can climb to $ 794. Sellers will try again to stop moving $ 794, but if the bulls prevail, the pair can rally at $ 815 and then $ 861.
Especially, if the price drops dramatically from the 20-day SMA, it suggests that the bears are fiercely defending the level. This increases the risk of a break below the $ 732 support. If that happens, the pair can be nosedive in 50-day SMA ($ 706).
Solana’s price prediction
Solana (Sol) has again dropped to 50-day SMA ($ 162), indicating that relief rallies are sold.
The flattish moving averages and the RSI Only under the midpoint does not provide a clear advantage either to bulls or bears. If the price is bouncing in the 50-day SMA with strength, the SOL/USDT pair may increase to 20-day SMA ($ 178).
The short -term advantage is tilt in favor of Bulls if the price rises above $ 185. It opens doors for a retest of important overhead resistance to $ 209. On the downside, a break below $ 155 can sink the pair to $ 144 and then $ 137.
Dogecoin’s price prediction
Buyers managed to defend 50-day SMA ($ 0.19) but finds difficulty pushing Dogecoin (Doge) above $ 0.21 resistance.
Both moving averages have been flattened out, and the RSI is just under the middle, signing an action bound in the near term.
If the price turns and breaks above $ 0.21, the Doge/USDT pair can climb to 20-day SMA ($ 0.22). The sellers are expected to defend the 20-day SMA, keeping the pair between moving averages for a few hours.
Related: The Bitcoin Supply Shock on ‘Uncork’ BTC Price as OTC Desks Run Dry
The Doge Price can drop to $ 0.17 and thereafter with steady support to $ 0.14 if the bulls do not fail to defend the 50-day SMA.
Cardano’s price prediction
Cardano (Ada) bouncing from the 50-day SMA ($ 0.68) on Sunday, but the rally faced the sale of $ 0.76.
The evil moving averages and the RSI under the mid -point suggests a scope of action in the near term. The ADA/USDT pair can be swing between moving averages for the next few days.
Sellers will get the upper hand if the price sinks below the 50-day SMA. If they manage to do that, the ADA price can dive into $ 0.56. Conversely, an increase above the 20-day SMA ($ 0.79) could push the Cardano price to $ 0.86.
Hyperliquid price prediction
Hyperliquid’s (Hype) Relief Rally from $ 35.51 has come out close to 50-day SMA ($ 40.99), indicating that the sentiment has become bearish and entrepreneurs are selling rallies.
The moving averages are on the edge of a bearish crossover, and the RSI is in the negative territory, indicating that the bears are trying to occupy the control. If the prices of skids below $ 35.50, the Hype/USDT pair could have fallen to $ 32.
In any bounce, sellers are expected to defend the zone between the 50-day SMA and the channel support line. Consumers need to push the price of hype back to the channel to suggest that the corrective phase may be completed.
Stellar price predictions
Stellar (XLM) turned away from the 20-day SMA ($ 0.42) on Monday, indicating that the bears were selling at rallies.
The XLM/USDT pair can drop to 50-day SMA ($ 0.34), which is likely to attract consumers. A bounce off the 50-day SMA can keep the pair stuck between moving averages for a few hours.
The next trending transfer is expected to start at a break above the 20-day SMA or below the 50-day SMA. A rally above the 20-day SMA signal that could finish the correction, while a slide below the 50-day SMA could sink the XLM price to $ 0.29.
Sui’s price prediction
Sui (Sui) returns to 50-day SMA ($ 3.32), indicating that the bears are maintaining pressure.
The 20-day SMA ($ 3.75) began to turn away, and the RSI was below 45 levels, indicating that the bear had a slight edge. Sellers are expected to defend the 20-day SMA in any bounce. If the price decreases from the 20-day SMA, the possibility of a break below the 50-day SMA increase. The SUI/USDT pair could fall at $ 2.87 and eventually to $ 2.65.
Consumers will have to drive the price above the 20-day SMA to avoid the downside. If they do that, the SUI price can start a relief rally at $ 4 and eventually overhead resistance to $ 4.30.
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.
