Basic Points:
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Bitcoin’s denial of $ 107,000 shows sellers are active at a higher level, but recovery from Intraya Low shows a solid purchase.
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The approach and metaplanet will continue to accumulate bitcoin, increasing stable purchase pressure in BTC prices.
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Select the altcoins are back, but they have not been negative yet.
Bitcoin’s (Btc) attempt to challenge the all-time highly faced with a strong decline near $ 107,100 on May 19, which signed that bears are unlikely to give up without a fight. However, the long tail in the candle shows solid purchases at a lower level.
Short-term uncertainty does not impede long-term consumers from accumulating more bitcoin. The approach, former microstrategy, has announced the Buying 7,390 Bitcoin For an average price of nearly $ 103,500, taking a total of 576,230 Bitcoin.
Similarly, the Japanese investment company Metaplanet said this May 19 Got 1,004 bitcoinIt strengthened its entirety to 7,800 Bitcoin.
Although the trend of Bitcoin remains bullish, repeated failures that break above overhead resistance can tempt short-term traders to book income. This increases the risk of a break below the psychological level of $ 100,000.
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 move last week, indicating the continued purchase of Bulls.
The irritating 20-day exponential transfer of average (5,712) and the relative index index (RSI) near the overbought zone signal of an advantage among consumer, but UP transfer is expected to deal with significant resistance to 6,000 to 6,147 zones.
If the price drops from the overhead zone, the index can find support to 5,800 and then in 20-day EMA. If the price is bouncing to the 20-day EMA, the Bulls will try again to drive the index to full time high. Sellers need to tug a price below the 20-day EMA to break the bullish momentum.
US dollar price price prediction
The Rally Rally in the US Dollar Index (DXY) struck a wall in the 50-day simple moving average (101.67) on May 12, indicating that the bears were selling at rallies.
The index is likely to find support at the level of 100.27. If the price bounces at 100.27, the Bulls will try again to kick the index above the 50-day SMA. If they manage to do that, the index can choose momentum and move forward to 103.54. Such transfer signals that can finish the corrective phase.
Sellers will remain the advantage if the price closes below the support of 100.27. It opens the doors for a retest of 99 level.
Bitcoin’s price prediction
Bitcoin broke up above the overhead resistance to $ 105,820 on May 18, but Bulls could not maintain momentum.
Seller is expected to defend the zone between $ 107,000 and $ 109,588. The 20-day EMA ($ 100,787) is the important support to guard the downside. A rebound from the 20-day EMA suggests positive emotions remains intact. Bulls will try again to clear the overhead zone. If they succeed, the BTC/USDT pair can be skyrocket towards $ 130,000.
This positive outlook is not valid in the near term if the price continues to fall and break below the psychological precious $ 100,000 support. The pair can plummet to 50-day SMA ($ 91,916).
Price ether
Ether (Eth) bounce off the 20-day EMA ($ 2,288) on May 18 which slides near $ 2,600, signing that the bears are maintaining pressure.
Sellers tried to pull the price below the 20-day EMA, but the long tail on the candle shows a steady purchase at a lower level. Bulls will try to kick the price above $ 2,738 resistance, opening doors for a rally at $ 3,000. There is a minor resistance to $ 2,850, but it is likely to cross.
Especially, a break and close to the under-day EMA tilted the advantage in favor of the bear. The ETH/USDT pair can fall to $ 2,111.
XRP price prediction
XRP (XRP) remains stuck within a range of $ 2.65 to $ 2, indicating purchase near support and sale near resistance.
The XRP/USDT pair bounced from the 20-day EMA ($ 2.34) on May 17, but the bulls face sale at a higher level. If the price retains below the 20-day EMA, the pair can stay within the range for more time. Price action within the range is expected to be random and mental change.
The next trending transfer will likely start at a break above $ 2.65 or below $ 2. If consumers pierce $ 2.65 resistance, the pair can travel to $ 3.
BNB price prediction
Bnb (Bnb) Bouncing from 20-day EMA ($ 635) on May 18, but the higher levels attract the sale of bear.
The gradual irritating 20-day EMA and the RSI in the positive territory indicate a slight edge to the bulls. If the price rises and retains above $ 644, the Bulls will try again to drive the BNB/USDT pair above $ 680. If they succeed, the pair can start the north of this march to the overhead resistance of $ 745.
Contrary to this assumption, a break and near the under-day EMA removes the path for a denial of 50-day SMA ($ 606) and eventually $ 580.
Solana’s price prediction
Solana (Sol) turned up from the 20-day EMA ($ 163) on May 17, but Bulls could not push the price above $ 180 resistance.
Sellers try to pull and maintain the price below the 20-day EMA. If they manage to do that, the SOL/USDT pair can leak to $ 153 and, after which, at 50-day SMA ($ 143). That points to a possible action bound between $ 180 and $ 120 in the near term.
The Bulls will have to push the price above the $ 185 level to regain control. The pair can choose momentum and rally for $ 210 and subsequently to $ 220.
Related: XRP price risks falling to $ 2 after the classic bearish chart pattern confirming
Dogecoin’s price prediction
Consumers successfully defended the breakout level of $ 0.21 on May 17 but finds it difficult to maintain bounce in Dogecoin (Doge).
Seller will try to make a comeback by pulling the price below $ 0.21. If they do that, the DOGE/USDT pair can slide to 50-day SMA ($ 0.18). Indicating a possible range of range between $ 0.26 and $ 0.14.
Consumers need to push the price above $ 0.26 resistance to signal the continuation of the recovery. There is a minor resistance to $ 0.30, but it is likely to be crossed. The pair can climb to $ 0.35.
Cardano’s price prediction
Cardano (Ada) is damaged under the neckline of the reversed head-and-shoulders pattern, indicating that the bulls are losing their grip.
The next support is in 50-day SMA ($ 0.68). If the price turns from the 50-day SMA, the Bulls will try to push the ADA/USDT pair above the neckline. If they can pull it, the pair can reresthew a $ 0.86 level. A rest and near above the resistance of $ 0.86 removes the path for a rally up to $ 1.01.
Conversely, a break and near the bottom of the 50-day SMA suggest that the markets have rejected the breakout above the neckline. This increases the risk of a fall to $ 0.58.
Sui’s price prediction
Sui’s (Sui) bounce off the 20-day EMA ($ 3.67) which falls from $ 3.90 to $ 4.25 zone, indicating that the bears are active at a higher level.
The pullback can deepen if the price breaks and maintains below the 20-day EMA. If that happens, the SUI/USDT pair can skide at $ 3.12 and then to 50-day SMA ($ 2.97).
On the other hand, if the price returns from the 20-day EMA and rises above $ 3.90, it suggests a positive emotion. It enhances the prospects of a rest above the level of $ 4.25. The pair could have sought at $ 5. Sellers are expected to defend the zone between $ 5 and the full time of $ 5.37.
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.
