Key points:

• Rejection of Bitcoin at USD 107,000 shows that sellers are energetic at higher levels, but recovery from a defective low level shows solid purchases.

• The strategy and metaplanet still accumulate bitcoins, adding constant pressure on the purchase side to the BTC price.

• Choose Altcoins have gone back, but they have not yet become negative.

Bitcoin (BTC) attempted to challenge all time was a robust rejection of nearly USD 107,1 $ 19, signaling that bears are unlikely to give up without a fight. However, the long tail on the candlestick shows solid shopping at lower levels.

Low -term uncertainty did not stop long -term buyers from gathering more bitcoins. The strategy, earlier, Microstrategy, announced the purchase of 7390 Bitcoins at an average price of about USD 103,500, bringing an integration of 576 230 Bitcoins.

Similarly, the Japanese investment company Metaplanet said on May 19 that it purchased 1004 bitcoins, increasing a total of 7,800 bitcoins.

Although Bitcoin’s trend remains stubborn, a repetitive lack of break above general resistance may tempt brief -term traders to book profits. This increases the risk of a break below the psychological level of $ 100,000.

What are the key levels of support and resistance to be careful in Bitcoin and Altcoins? Let’s analyze the charts of the 10 best cryptocurrencies to find out.

S&P 500 index prices forecasting

The S&P 500 (SPX) index expanded its traffic last week, which indicates further shopping via Bulls.

The 20-day interpretation average mobility (5712) and a relative force indicator (RSI) near an excessive zone, signal an advantage for buyers, but it is expected that the upward movement will have significant resistance in the zone 6000 to 6147.

If the price drops from the general zone, the index can find support at 5800 and then on an EMA 20-day. If the price reflects from the 20-day EMA, the Bulls will again try to bring the index to the highest level. Sellers will have to jerk a price below 20-day EMA to break the stubborn rush.

Forecasting the price of an American dollar indicator

The Lend a hand Rally in the American dollar index (DXY) hit the wall in a 50-day straight movable average (101.67) on May 12, which indicates that the bears are selling at rallies.

The index will probably find support at 100.27. If the price reflects to 100.27, Bulls will try to throw the index above the 50-day SMA again. If they manage to do this, the index can arouse the shoot and raise in the direction of 103.54. Such movement signals that the correction phase may end.

Sellers will maintain an advantage if the price closes below 100.27 support. This opens the door for a re -test at level 99.

Forecasting bitcoin prices

Bitcoin crashed over the general resistance of USD 105,820 on May 18, but the bulls could not keep the momentum.

Sellers are expected to defeat the zone from 107,000 to 109,588 USD rapidly. 20-day EMA (100,787 USD) is a key support to be careful in the minus. The reflection of the 20-day EMA suggests that positive moods remain intact. Bulls will again try to spotless the zone above their heads. If they succeed, the BTC/USDT pair may raise rapidly towards USD 130,000.

This positive view will be annulled in the near future if the price continues and breaks below the psychologically key support of $ 100,000. The couple could then fall violently to the 50-day SMA (91,916 USD).

Forecasting the price of ether

Ether (ETH) reflects on an EMA 20-day (USD 2,288) on May 18, seemed near $ 2,600, signaling that the bears maintained pressure.

Sellers tried to pull the price below 20-day EMA, but the long tail on the candlestick shows solid shopping at lower levels. Bulls will try to throw the price above the resistance of 2,738 USD, opening the gates to the rally to USD 3000. There is a slight resistance of USD 2850, but it will probably be exceeded.

On the contrary, the break and closing below 20-day EMA tilts the advantage in favor of the bear. The ETH/USDT pair may then fall to USD 2111.

XRP price forecast

XRP (XRP) remains stuck in the range from 2.65 to 2 USD, which indicates a purchase near support and sales near resistance.

The XRP/USDT pair affected the 20-day EMA (USD 2.34) on May 17, but the bulls are in the face of sales at higher levels. If the price stays below 20-day EMA, the couple may stay within reach for some time. The price in the range is expected to be random and unstable.

Another popular movement will probably start with a break above USD 2.65 or below USD 2. If the buyers pierce the USD 2.65 resistance, the couple can travel to 3 USD.

Bnb price forecasting

BNB (BNB) reflected from 20-day EMA (USD 635) on May 18, but higher levels attracted sales by bears.

Gradually impaired 20-day EMA and RSI in a positive territory indicate a slight advantage for bulls. If the price increases and maintains above USD 644, the bulls will again try to bring a pair of BNB/USDT above USD 680. If they succeed, the couple can start their march north towards the resistance of 745 USD.

In contrast to this assumption, the break and closing below 20-day EMA removes the track of decrease to 50-day SMA (606 USD), and later to USD 580.

Solana’s price forecasting

Solana (SOL) appeared from a 20-day EMA (USD 163) on May 17, but the bulls could not exceed the price above the resistance of USD 180.

Sellers try to pull out and keep a price below 20-day EMA. If they manage to do this, the Sol/USDT pair may fall to USD 153, and then to 50-day SMA (USD 143). This indicates a possible range of range from 180 to 120 USD in the near future.

Bulls will have to support the price above USD 185 to recover control. The couple could then choose a momentum and accumulate up to USD 210, and then to USD 220.

Related: Risk of price XRP falling up to $ 2 after confirming the classic bear map pattern

Forecasting Dogecoin prices

The buyers successfully defended the level of 0.21 USD breakthrough on May 17, but they try to maintain the reflection in Dogecoin (Doge).

Sellers will try to return, pulling the price below 0.21 USD. If they do this, the Doge/USDT pair may slip into a 50-day SMA (0.18 USD). This signals possible to create a range from 0.26 to 0.14 USD.

Buyers will have to lower the price above the resistance of 0.26 USD to signal the resumption of recovery. There is a petite resistance of 0.30 USD, but it will probably be exceeded. The couple can then rise to USD 0.35.

Cardano price forecasting

Cardano (ADA) burst below the neckline of the inverted head and shoulder pattern, which indicates that the bulls lose their adhesion.

The next support is on the 50-day SMA (0.68 USD). If the price appears from the 50-day SMA, Bulls will try to push the pair of Ada/USDT above the neckline. If they manage to pull it out, the couple can check the USD 0.86 again. The break and closing above the resistance of 0.86 USD removes the rally path to $ 1.01.

And vice versa, a break and closing below the 50-day SMA suggests that the markets have rejected the breakage over the neckline. This increases the risk of decrease to 0.58 USD.

SUI price forecast

SUI (SUI) is reflected from 20-day EMA (USD 3.67) rejected from the zone 3.90 to USD 4.25, which indicates that bears are energetic at higher levels.

Withdrawal may deepen if the price breaks and stays below 20-day EMA. If this happens, the Sui/USDT pair can slip to $ 3.12, and then to 50-day SMA (USD 2.97).

On the contrary, if the price goes back from a 20-day EMA and increases above USD 3.90, it suggests a positive sentiment. This increases the perspectives of the break above USD 4.25. The couple could then raise to $ 5. Sellers are expected to defeat the $ 5 to the highest level of USD 5.37 rapidly.

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.