Bitcoin and Altcoin Traders buy a dip

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Key points:

  • Bitcoin searches for the support of nearly USD 103,000, but the growing uncertainty in global markets may limit future rallies.

  • Choose altcoins find buyers at lower levels, which indicates the desire to buy buyers.

Bitcoin (BTC) corrected below USD 103,000 about news at Israel airports in Iran, but a positive sign is that the lower levels were witnessing the purchase, exceeding the price of nearly USD 106,000.

Trade materials indicators said in the post on X that the bottom of Bitcoin would not fall, but the discovery of a sustainable price raise may not occur before the next Fed meeting.

Another positive view comes from a study carried out by the head of the group’s research, etc Andre Dragosch. It showed that bitcoins recover and often exceeds the price level before the event within 50 days.

Daily view of cryptographic market data. Source: Coinmarketcap

However, the creator of Bollinger Bands John Bollinger has a different view. In the post on X Bollinger said that Bitcoin finished three pushes to height after creating a double DNA “in shape in” near $ 75,000. During the discussion about post Bollinger, he added that three pressure to the high “means the end of the previous trend”, followed by “reversal or consolidation”.

Can Bitcoin and choosing altcoins resume their up? Let’s analyze the charts of the 10 best cryptocurrencies to find out.

Forecasting bitcoin prices

Bitcoin fell to a 50-day straight movable average (USD 103 159) on Friday, where Bulls are trying to arrest the inheritance.

Daily BTC/USDT chart. Source: Cointelegraph/TradingView

The 20-day interpretation average movable (USD 106,097) is flattened, and the relative force indicator (RSI) is located near the middle point, which signals possible consolidation in the near future. The key levels to be careful should be $ 100,000 on the minus and the highest level of USD 111,980 at the top.

If the level of $ 100,000 subsides, the BTC/USDT pair may drop to $ 92,000. And vice versa, a break and approaching above USD 111,980 signals the resumption of growth. The couple could then raise to $ 130,000.

Forecasting the price of ether

Ether (ETH) rejected on Wednesday from USD 2,879 and was not on Friday below 20-day EMA (USD 2580), suggesting that the markets rejected a breakthrough above USD 2,738.

Daily chart ETH/USDT. Source: Cointelegraph/TradingView

The 20-day EMA is flattened and the RSI fell to the middle point, which indicates a balance between pad and demand. If the price comes from the current level or USD 2,323, Bears will try to stop the aid rally in the zone from 2738 to 2879 USD. If the price drops from the general zone, the ETH/USDT pair can consolidate for a long time.

Buyers will have to catapult a price above USD 2,879 to start the next stage of movement in the direction of $ 3 153. On the other hand, a break below USD 2323 may sink a pair to USD 2111.

XRP price forecast

XRP (XRP) broke over the average moving on Monday, but the bulls could not be based on the shoot.

Daily chart XRP/USDT. Source: Cointelegraph/TradingView

The price rejected on Wednesday and reached solid support for $ 2. The buyers are expected that the buyers vigorously defend the level of USD 2 as a break, and the closing below may signal the beginning of a novel inheritance trend. The XRP/USDT pair may go down to USD 1.61, and then to USD 1.28.

In contrast to this assumption, if the price rapidly raises from USD 2 and a break above average traffic, suggests that the range related to the range may last longer.

Bnb price forecasting

BNB (BNB) has been consolidating from 693 to 634 USD for several days, which indicates a balance between pad and demand.

Daily chart BNB/USDT. Source: Cointelegraph/TradingView

The flattened 20-day EMA (USD 658) and RSI near the middle point do not give a clear advantage either bulls or bears. If the price increases from USD 634 and increases above 20-day EMA, the BNB/USDT pair may remain within reach for some time.

On the contrary, the break and closing below USD 634 suggests that bears have been overpowered by bears. This may raise sales by attracting a pair to USD 600. The buyers are expected to aggressively defend the support zone from 580 to 600 USD.

Solana’s price forecasting

Solana (SOL) increased above the average traffic on Monday, but the bulls could not maintain higher levels.

Daily Sol/USDT chart. Source: Cointelegraph/TradingView

The price was rejected from USD 168 on Wednesday and broke below the average traffic on June 12. The SOL/USDT pair has achieved support of $ 140, which is a critical level for Bulls to defend.

If the price reflects from USD 140 support, Bulls will again try to raise the price above the following average. On the contrary, the break and closing below USD 140 can sink a pair to USD 123, and ultimately to $ 110.

Forecasting Dogecoin prices

Dogecoin (Doge) rejected on Wednesday from USD 0.21, which indicates that the price remains stuck in the lower half of the range from 0.26 to 0.14 USD.

Daily Doge/USDT chart. Source: Cointelegraph/TradingView

There is a support for 0.16 USD, but it will probably be broken. The Doge/USDT pair can then fall rapidly to support 0.14 USD, in which the buyers are expected to enter. A solid reflection of 0.14 USD levels can extend the range associated with the range for longer.

Another popular movement will probably start with a break above 0.26 USD or below 0.14 USD. If the USD 0.14 breaks, the steam may collapse to 0.10 USD. On the other hand, a break above 0.26 USD can lead a pair to USD 0.38.

Cardano price forecasting

Cardano (ADA) rejected the 50-day SMA (0.72 USD) on Wednesday, which indicates that they are still selling bears at rallies.

Daily chart ADA/USDT. Source: Cointelegraph/TradingView

Down 20-day EMA (0.69 USD) and RSI in a negative signal of bears have the advantage. If the USD 0.60 is removed, the Ada/USDT pair may fall to a solid support of 0.50 USD. The buyers are expected to defend the level of USD 0.50 with all their strength.

The first sign of strength will be a break and close above 50-day SMA. This opens the door to the height of the relegation line, which is a significant level to be careful about. The break and closing over the relegation line suggests a potential change in the trend.

Related: Here’s what happened today in Crypto

Anticipating the price of hyperlic

The buyers pushed hyperlic (noise) above the resistance $ 42.25 on Wednesday and again on Thursday, but they could not maintain higher levels.

Hype/USDT Daily. Source: Cointelegraph/TradingView

This could tempt low -term buyers for profit booking, attracting the price towards breaking out of the symmetrical triangle formula. 20-day EMA (35.93 USD) signals an advantage for buyers, but the developing negative discrepancy of RSI suggests that the stubborn shoots are weakened. Buyers will have to drive a price above USD 44 to resume the return to 50 USD.

On the other hand, the break and closing below 20-day EMA can accelerate sales by attracting a pair to 30.50 USD.

SUI price forecast

Sui (Sui) rejected on Wednesday from 50-day SMA (USD 3.55), which indicates that the bears are fiercely defending the level.

Dziennik Sui/USDT. Source: Cointelegraph/TradingView

The SUI/USDT pair has achieved solid support after USD 2.86, which is a key level to be careful to. Sellers will try to take control by pulling the price below USD 2.86. If they manage to pull it out, the couple can organize up to USD 2.50.

Buyers will probably have other plans. They try to defend USD 2.86. If the price is reflected from the support of 2.86 USD, the couple can reach average walking. If the price drops rapidly from the average medium, increases the risk of a break below USD 2.86. Buyers will have to lead a pair above the average traffic to immaculate the rally path towards the resistance of $ 4.25.

Chain price forecasting

Link (link) rejected and came back on Thursday, a decreasing channel pattern, which indicates that the sellers are energetic at higher levels.

LINK/USDT DAIL DAIL. Source: Cointelegraph/TradingView

Bears are trying to draw a price below the support of 12.64 USD. If they manage to do this, the Link/USDT pair risks to fall to 10 USD. Such a movement extends the couple’s stay on the channel for several days.

Buyers will have to quickly exceed the price above USD 16 to prevent traffic. This indicates aggressive shopping at lower levels. The couple can raise to USD 18, and then to USD 20, signaling a potential change of trend.

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.

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