Basic Points:
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Bitcoin remains stuck in a narrow range, suggesting a breakout may be around.
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The FOMC minutes and Federal Reserve Interest decision rates can set a tone for the next steps of crypto.
Bitcoin (Btc) continues to trade near $ 120,000 objections, indicating that the bulls maintain pressure. Although Bitcoin is in a strong wicket, moving up can face the headwinds. According to Axel Adler Jr. Average return of 2.56% only in August In the past 13 years.
However, the close uncertainty or the weakness in August history has not stopped the approach from buying more BTC. The firm said Tuesday that it gained 21,021 BTC at an average price of $ 117,256, strengthened its total handling at 628,791 BTC.
As combined -with BTC, Ether (Eth) and bnb (Bnb) is getting land. Glassnode said in an X post that ETH perpetual futures are dominant has exceeded the BTC, which marked the “largest volume of skew” recorded. The “Shift proves a significant cycle of speculation -of interest to the Altcoin sector,” the analytics platform added.
Can BTC be damaged in its range? Will those who choose the Altcoins will continue their bull run? Let’s check the charts of the top 10 cryptocurrencies to find out.
Bitcoin’s price prediction
The BTC continues to trade within a tight range between $ 115,000 and $ 120,000. The longer the price stays within a narrow range, the greater the final breakout from it.
The surprising 20-day simple transfer of average ($ 118,313) and the relative power index (RSI) in the positive territory indicates that the path of at least resistance is upside down. If consumers are driving the price above $ 120,000, the BTC/USDT pair can choose momentum and advance to a new all-time high at $ 123,218. The pair can climb to $ 135,000.
Conversely, a break and near the bottom of $ 115,000 suggest that the bears exacerbate the bulls. That could sink the price to $ 110,530. This is an important support to keep an eye on because a rest below it opens doors for a drop to $ 100,000.
Price ether
ETH is trying to maintain the upper breakout level of $ 3,745, signing that the bulls are not in a hurry to book revenues as they expect another leg higher.
If the price bounces on $ 3,745 support, the ETH/USDT pair can reach the overhead resistance to $ 4,094. Sellers are expected to bring a strong challenge to $ 4,094, but if the Bulls prevail, the pair can be sckyrocket towards $ 4,868.
Instead, if the price drops and breaks below $ 3,745, it suggests that the Bulls surrender. That can promise price to 20-day SMA ($ 3,516), where consumers are expected to come in. If the price bounces on the 20-day SMA with strength, the Bulls will try again to pierce the overhead resist.
XRP price prediction
XRP (XRP) has witnessed a tough battle between buyers and sellers in 20-day SMA ($ 3.16).
If price skids below $ 3.05 support, the next stop is probably $ 2.95. Consumers are expected to defend the level of $ 2.95 as a break below it can start a deeper correction towards $ 2.65.
Alternatively, a strong rebound from the $ 2.95 level suggests solid demand at the lower level. The 20-day SMA can act as a walking resistance, but if the bulls overcome it, the XRP/USDT pair can climb to $ 3.33 and, afterwards, at $ 3.66.
BNB price prediction
BNB returns to a breakout level of $ 794, which is an important support to guard.
If the price bounces at $ 794 with strength, it is suggested that the bulls are trying to flip the support level. If that happens, the BNB/USDT pair can retest at the all-time high of $ 861. A break and close to the top of $ 861 can start with the next uptrend leg for $ 900.
Conversely, a break and near the bottom of the $ 794 level of revenue booking signal of short-term consumers. The pair can dip in the 20-day SMA ($ 751), which is likely to attract consumers. Sellers need to yank the pair below the 20-day SMA to get the upper hand.
Solana’s price prediction
Solana (Sol) returns to 20-day SMA ($ 178), which is likely to act as a stable support.
If the price scratches the 20-day SMA with strength, the Bulls will try again to push the SOL/USDT pair towards the overhead resistance of $ 209. A break and near the top of $ 209 can open doors for a rally up to $ 240. There is a minor resistance to $ 220, but it is likely to cross.
Especially, a break and near the bottom of the 20-day SMA can take the price at 50-day SMA ($ 160). That suggests a pair can expand its stay within a huge range between $ 110 and $ 209 in a few days.
Dogecoin’s price prediction
Dogecoin (Doge) turned away from $ 0.25 on Monday and broke down below the 20-day SMA ($ 0.22) on Tuesday, indicating sale at rallies.
The next support is at $ 0.21. If the price drops $ 0.21 and breaks above the 20-day SMA, the Bulls will try to push the Doge/USDT pair to $ 0.26 and later to $ 0.29. Sellers are expected to defend the $ 0.29 level at all they may have due to a near top can push the pair to $ 0.35 and then at $ 0.44.
On the other hand, a break and near the bottom of $ 0.21 can sink the pair to 50-day SMA ($ 0.19). That suggests that the pair can stay within a large $ 0.14 to $ 0.29 range longer.
Cardano’s price prediction
Cardano (Ada) slipped below the 20-day SMA ($ 0.79) on Tuesday, indicating that the bears were trying to administer.
There is a support of $ 0.76, but if the level falls, the ADA/USDT pair can extend the correction to $ 0.73 and then to 50-day SMA ($ 0.67). Such a fall suggests that the pair could stay within $ 0.50 to $ 0.86 range for a while.
The first sign of strength will be a rest and close to the top of the 20-day SMA. That suggests a lack of aggressive sale at a lower level. Bulls will try to push the pair above $ 0.86 resistance.
Related: $ 3 price at risk? Why XRP is one of the worst performers this week
Hyperliquid price prediction
Hyperliquid (hype) is stuck between the support channel support line and the 20-day SMA ($ 45.13).
Bulls failure to push the price above the 20-day SMA increases the risk of a rest below the support line. If that happens, the Hype/USDT pair can correct $ 36 and subsequently to $ 32.
This negative perspective is invalid in the near term if the price turns and rises above the 20-day SMA. The pair can climb the $ 48 to $ 49.87 overhead resist zone.
Stellar price predictions
Stellar (XLM) collapsed under the 20-day SMA ($ 0.44) on Monday, and the Bears defended the level during a Retest on Tuesday.
Sellers will try to strengthen their position by pulling the price below $ 0.40. If they manage to do that, the XLM/USDT pair can drop to a 50% FIBONACCI retracement level of $ 0.37 and then at the retracement level of 61.8% of $ 0.34.
Buyers are likely to have other plans. They will try to make a comeback by pushing the price above $ 0.46. If they can pull it out, it can retest a pair of overhead resistance of $ 0.52. The next rally leg up to $ 0.64 can start at a close more than $ 0.52.
Sui’s price prediction
Sui (Sui) rose above the $ 4.30 resistance on Sunday, but the breakout was proven to be a bull trap as the price turned away on Monday.
Bears are trying to maintain the price below the 20-day SMA ($ 3.85). If they do that, the SUI/USDT pair can drop to $ 3.51. Consumers are expected to defend the zone between $ 3.51 and the 50-day SMA ($ 3.27).
If the price turns from $ 3.51 and breaks above the 20-day SMA, it suggests a possible incidence formation. The pair can be swing between $ 3.51 and $ 4.30 for some time. A break and close to the top of $ 4.30 can start a new uphold towards $ 5.
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.
