Key points:

• Bitcoin has fallen below $116,000, but select analysts expect buyers to move into lower levels and stop the decline.

• Selected altcoins have reached critical support levels where buyers are expected to provide forceful defense.

Bitcoin (BTC) attempted to rebound on Friday, but higher levels resulted in selling. This has pushed the price below $116,000 as short-term investors rush to the exits.

The Stockmoney Lizards analyst said in post X that BTC is witnessing a shock in both directions. Despite the correction, the analyst remains bullish, expecting BTC to find support around $118,000-119,000.

Trader Peter Brandt told Cointelegraph that “BTC could top out in a bull market at any time” if it follows its historical cycle pattern. However, he added that cycles can change and there is a 50/50 chance of this happening. In a countercyclical case, Brandt expects BTC to rise as high as $185,000.

What are the critical support and resistance levels to watch out for for BTC and major altcoins? To find out, let’s analyze the charts of the 10 most popular cryptocurrencies.

Bitcoin price prediction

BTC fell below the 20-day exponential moving average (EMA) ($118,807), which provides significant near-term support for bulls to defend.

If the price rebounds sharply from the 20-day EMA, bulls will attempt to push the BTC/USDT pair to an all-time high of $126,199. A break above the resistance could open the way to an augment towards $141,948.

On the contrary, a close below the 20-day EMA suggests that the bulls are losing control. The pair could then drop to the 50-day uncomplicated moving average (SMA) ($114,571). This means that Bitcoin’s price may remain in the range of $107,000 to $126,199 for some time. Sellers will take control after closing below $107,000.

Ether price prediction

The failure of the bulls to push Ether (ETH) above the resistance line on Wednesday resulted in a solid sell-off by the bears.

The price of ether dropped and reached solid support at $4,060. Buyers are expected to defend the $4,060 to $3,745 support zone with all their might as a move below this zone signals a possible short-term top. The ETH/USDT pair could then start a novel downtrend towards $3,350.

Buyers will need to push the price above the resistance line to gain strength. The upside momentum is likely to gain closing momentum above the resistance at $4,750.

BNB Price Forecast

BNB (BNB) has retreated after a forceful rally, but the decline is finding support near the 61.8% Fibonacci retracement level at $1,217.

If the price rises from the current level, bulls will try to push the price above the general resistance of $1,350. If they succeed, the BNB/USDT pair could resume its uptrend towards the next target of $1,440 and then $1,642.

The bears probably have other plans. They are selling rallies and will drop the price below $1,217. If they do, the BNB price could drop to the 20-day EMA ($1,123), where bulls are expected to resume buying.

XRP price forecast

XRP (XRP) fell near the $2.69 support line, which is a critical level that bulls need to defend.

If the price breaks and closes below $2.69, the XRP/USDT pair will complete a descending channel formation. This could accelerate the sale and push the XRP price to $2.33 and ultimately to $2.20.

Buyers will need to push and hold the price above the downtrend line to prevent a decline. The failure of a bear pattern is a sign of bulls because it stops aggressive bears, causing a brief squeeze.

Solana price forecast

Solana (SOL) rebounded from the 50-day SMA ($217) on Wednesday, but the rebound was short-lived as bears pushed the price below moving averages on Friday.

Solana price may fall to the support line, which is a key level for bulls to defend. If the price bounces off the support line and breaks above the moving averages, it means that the SOL/USDT pair may remain inside the ascending channel formation for some time.

Alternatively, a break below the support line suggests that the bulls have given up. This opens the door to a drop to $175.

Dogecoin price forecast

Dogecoin (DOGE) is taking support at the 50-day SMA ($0.24), but failure to mount a solid recovery signals a lack of demand at higher levels.

The bears will try to bring the price down to the uptrend line, which is a key support to keep an eye on. If the price bounces off the uptrend line and breaks above the moving averages, it suggests that the ascending triangle pattern remains intact. The DOGE/USDT pair may then rise to $0.27 and later to $0.29.

Conversely, a breakout and close below the uptrend line invalidates the bullish setup. This suggests that Dogecoin’s price may continue to hover between $0.14 and $0.29 for the next few days.

Cardano Price Forecast

On Wednesday, buyers tried to push Cardano (ADA) above the moving averages, but the bears persisted.

Sellers will try to pull the price towards the support line of the descending channel formation, where buyers are expected to enter.

Conversely, if Cardano price rises from its current level and breaks above the moving averages, it signals buying on the dip. This increases the chance of rising above the resistance line. If this happens, the ADA/USDT pair could start moving up to $0.95 and later to $1.02.

Related: XRP Whales Throw $50 Million a Day: Will This Kill the Price?

Hyperfluid price prediction

Hyperliquid (HYPE) fell from its 20-day EMA ($47.26) on Thursday and fell below support at $43, signaling negative sentiment.

If the price stays below $43, the HYPE/USDT pair could drop to $39.68. This is a critical level to pay attention to as a close below $39.68 will end the bearish head and shoulders pattern. This could start a move down to $35.50 and then to $32.

Buyers will need to push the Hyperliquid price above the moving averages to signal a comeback. Upside momentum could gain momentum once buyers push the price above the resistance at $51.87.

Chain link price prediction

Chainlink (LINK) is trying to rise above the resistance line, but the positive sign is that the bulls have not given much ground to the bears.

The bulls will try to break the upper barrier again. If they succeed, it will be a signal that the recovery phase can end. Chainlink price may rise to $25.64 and then to $27.

This positive opinion will be invalidated in the near future if the price drops below $21. This may keep the LINK/USDT pair in a descending channel for some time.

Sui Price Forecast

Sui (SUI) has been trading within a falling wedge formation, which is typically considered a bullish setup if the breakout occurs to the upside.

Bulls and bears are fighting fiercely near the moving averages. If buyers push and sustain the price above the moving averages, the SUI/USDT pair may reach the downtrend line. Sellers are expected to aggressively defend the downtrend line as a break above it opens the door to a rally to $4 and then to $4.44.

On the contrary, if the price falls below $3.30, it suggests that the bears are trying to take control. Sui price may then fall to the support line.

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.