SPX, DXY, BTC, ETH, BNB, XRP, SOL, DOGE, ADA, HYPE price predictions

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Key Points:

  • Bitcoin and several altcoins have rebounded from Friday’s lows, but higher levels are likely to attract solid resistance from the bears.

  • BTC price and select altcoins may see some choppy action for a few days.

US stock markets, Bitcoin (BTC) and altcoins are trying to rebound from the deep declines observed on Friday after US President Donald Trump announced a 100% tariff on China.

The collapse was brutal, causing a 24-hour liquidation of around $20 billion, according to CoinGlass data. A few highly leveraged traders without proper risk control would suffer huge losses.

This flushed some of the froth out of the system, opening the way for stronger long-term investors to enter markets on dips. The rebound has begun, but the surge cannot start in a hurry.

A daily view of cryptocurrency market data. Source: Moneta360

Economist Timothy Peterson told Cointelegraph on Sunday that BTC will likely enter a “cooling period” lasting three to four weeks before resuming its upward trend, albeit “at a slower pace than before.”

Can BTC and altcoins take advantage of the recovery, or will higher levels attract sellers? To find out, let’s analyze the charts of the 10 most popular cryptocurrencies.

S&P 500 Index Price Forecast

The S&P 500 Index (SPX) fell sharply and broke below its 20-day exponential moving average (6,652) on Friday, indicating that investors are planning profits.

SPX daily chart. Source: Cointelegraph/TradingView

The bulls recovered from the decline to the 50-day straightforward moving average (SMA) (6,538) and pushed the price to the 20-day exponential moving average (EMA). If the price drops sharply from the 20-day EMA, the bears will again try to push the index below the 50-day SMA. If they succeed, the correction could deepen to 6,350 and then to 6,200.

Instead, if price closes above the 20-day EMA, it signals that the correction may be over. The index could then retest the all-time high of 6,764.

US Dollar Index Price Forecast

The US dollar index (DXY) closed above moving averages on Tuesday, signaling that bears are losing control.

DXY daily chart. Source: Cointelegraph/TradingView

On Thursday, the bulls pushed the price above the downtrend line, but failed to build a breakout. Sellers will likely try to push the price below the 20-day EMA (98.26), a critical near-term level worth watching.

A forceful rebound from the 20-day EMA increases the possibility of a break above 100.50. The index could then rise to 102.

On the other hand, a close below the moving averages suggests that markets have rejected a break above the downtrend line. The index may then fall to 97 and then to solid support at 96.21.

Bitcoin price prediction

Sellers failed to complete the double top pattern on BTC as they were unable to achieve a close below the $107,000 support level.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

Bitcoin’s price fell to $102,000 on Friday but quickly surged higher, indicating buying at lower levels. The BTC/USDT pair is expected to trade at the 61.8% Fibonacci retracement level of $116,955.

However, if buyers overcome resistance, the pair could rise to $121,020 and then to an all-time high of $126,199.

Conversely, if the price drops sharply from its current level, it will likely find support at $109,500 and then $107,000. Buyers are expected to fiercely defend the $107,000 level as a break below it increases the risk of a breakdown below $100,000.

Ether price prediction

On Friday and Saturday, sellers pulled Ether (ETH) below a descending channel formation, but were unable to sustain lower levels.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

On Sunday, the price of ether climbed back into the channel, indicating solid demand at lower levels. If the price drops sharply from the moving averages, the bears will again look to pull the ETH/USDT pair below the channel. If they can do this, it suggests that the pair could be hitting their peak in the near future.

Contrary to this assumption, if the price breaks above the moving averages, it signals that the pair may remain in the channel for an extended period of time. A break and close above the resistance line improves the prospects for a resumption of the uptrend.

BNB Price Forecast

BNB (BNB) has experienced significant volatility over the past few days. On Friday, bears pushed the price below the 20-day EMA ($1,145), but bulls regained that level on Saturday.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

This suggests positive sentiment and declines are considered a buying opportunity. The BNB price galloped to a fresh record high of $1,375 on Monday, but bulls are struggling to sustain higher levels. This means selling at rallies.

The bears will try to strengthen their position by pulling the price back below the 20-day EMA. If they can do this, it suggests a short-term top.

On the contrary, if the price rises and closes above $1,350, it means that the bulls remain in control. The BNB/USDT pair could then rise to $1,609.

XRP price forecast

XRP (XRP) completed a bearish descending triangle setup on Friday and fell well below the target pattern at $1.72.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

A minor positive is that the price of XRP has made a solid recovery from the low of $1.25, signaling aggressive buying at lower levels. The relief rally is expected to reach the 20-day EMA ($2.77), where the bears will enter. If the price drops from the 20-day EMA, the XRP/USDT pair could drop to $2.20 and then to $2.

Bulls will need to push the price above the downtrend line to signal a comeback. By then, participation in rallies will most likely be sold.

Solana price forecast

Solana (SOL) dropped below an ascending channel formation on Friday, indicating that the bears are trying to take control.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

Buyers did not give up and bought the drop to $168. This initiated a piercing rebound on Sunday, pushing the SOL/USDT pair to breakout levels out of the channel.

Related: XRP rebounds 66% after price crash, regaining market value of $75 billion

If the price declines and falls below $168, it means that sentiment has become negative. This increases the probability of a drop to $155.

The bulls will be back in the game once Solana’s price is pushed above the moving averages. The pair may then rise towards the upper resistance at $260.

Dogecoin price forecast

On Friday, sellers pulled Dogecoin (DOGE) below the $0.14 support level but were unable to achieve a close below that level.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

Dogecoin’s price skyrocketed and re-entered a enormous range of $0.14 to $0.29. Bulls will try to push the price down to the 20-day EMA ($0.23), which could attract sellers. If the price falls below the 20-day EMA, the DOGE/USDT pair could drop to $0.18 and then to $0.16.

The next move in the trend may begin after the price closes above $0.29 or below $0.14. Until then, the pair will likely oscillate within this range.

Cardano Price Forecast

Cardano (ADA) broke below a descending channel formation on Friday and fell to a panic low of $0.27.

ADA/USDT daily chart. Source: Cointelegraph/TradingView

The lower levels attracted bulls to buy heavily, which pushed the price to a breakout level from the channel. Sellers are expected to pose a forceful challenge in the zone between the support line and the 20-day EMA ($0.78).

If Cardano price drops sharply from the resistance zone, it suggests that the bears remain in control. The ADA/USDT pair may then drop to $0.60 and eventually to $0.50.

This negative opinion will be invalidated in the near future if the price continues to rise and crosses the resistance line.

Hyperfluid price prediction

Hyperliquid (HYPE) completed a head and shoulders pattern on Friday and fell to its target level of $21.

HYPE/USDT daily chart. Source: Cointelegraph/TradingView

Solid buying at lower levels has pushed the price back to the neck of the H&S pattern, where the bears are expected to provide a forceful defense. If the price breaks from the low, sellers will try to sink the HYPE/USDT pair below the $35.50 support. If they succeed, the price of Hyperliquid could drop to $30.50.

Buyers probably have other plans. They will try to push the price above the moving averages, suggesting that the corrective phase may be coming to an end.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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