Key points:
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Bitcoins sales are mainly attributed to gigantic sales by whales, not a chance for the BTC market structure.
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Despite the acute market correction, Ether and BNB remain mighty on the charts.
Bitcoin (BTC) Bulls defends the support of $ 110,530, but the bears maintained pressure. Coinshares reported $ 1 billion of net outflows from BTC Exchange commercial products last week.
Investor’s interest seems to change from BTC to Ether (ETH). ECtty from month to day he witnessed $ 2.5 billion in the influx, while BTC recorded $ 1 billion of outflows.
Data from the Crypto Arkham intelligence company sent to X by Analytics Lookonchain showed that the whale unit deposited around 22,769 BTC ($ 2.59 billion) to Hyperliquid (Hype) for sale, and then bought 472 920 $ (2.22 billion) in place and opened $ 135 265 ET (577 mm).
On the other hand, Michael Saylor’s strategy, the world’s largest Public BTC owner, bought 3 081 BTC for $ 356.9 million, increasing BTC’s shares to 632 457 BTC, according to the American Commission of Securities and Exchange on Monday.
Can buyers maintain BTC above its key support? Can the ETH force call the Altcoin rally? Let’s analyze the charts of the 10 best cryptocurrencies to find out.
S&P 500 index prices forecasting
The S&P 500 (SPX) indicator appeared violently on Friday from a 20-day interpretation average movable (6 392), signaling solid shopping on dips.
Buyers will try to strengthen their position even more, exceeding the price above 6581. If they can do it, the index can collect up to 6696.
Although the trend remains, the relative strength indicator (RSI) flashes the signs of negative discrepancies. This suggests that the stubborn rush weakens. Bears will have to pull and keep a price below 20-day EMA to speed up sales. The indicator can then immerse at the level of 6147.
Forecasting the price of an American dollar indicator
The American dollar index (DXY) increased above the average traffic on Thursday, but higher levels attracted solid bear sales.
Medium movable ones fall gradually, and RSI is just below the middle point, which suggests a slight advantage for bears. If the price drops below 97.50, the next stop can be 97 and then 96.37.
Buyers will have to quickly push the price above level 99 to signal strength. The indicator can then rise to 100.50, where the bears are expected. However, if the buyers pierce the resistance of 100.50, the rally may extend to level 102.
Forecasting bitcoin prices
BTC fell on Monday near a critical support of USD 110,530, but a tiny positive thing is that Bulls maintained this level.
Each recovery attempt will probably have mighty sales during 20-day EMA (115,639 USD). If the price drops from a 20-day EMA, the risk of break below 110,530 USD increases. If this happens, the BTC/USDT pair can sort out to USD 105, and then to a psychological level of $ 100,000.
And vice versa, if the price drops above USD 117,500, this suggests potential range. The price of Bitcoin can move between 110,530 to 124,474 USD for a moment.
Forecasting the price of ether
Eth increased on Sunday to the up-to-date highest level of all time in the amount of USD 4,956, but the bulls could not maintain higher levels.
The price withdrew on Monday, suggesting a profit reservation by compact -term traders. The ETH/USDT pair may fall to the 20-day EMA (USD 4349), which is an vital level to be careful about. If the price reflects from the 20-day EMA with strength, Bulls will make one more attempt to drive a steam above 5000 USD. If they succeed, the ether price can raise to USD 5,500.
On the contrary, a break below 20-day EMA may sink the ether price to the necessary support of USD 4,060.
XRP price forecast
XRP (XRP) has created a decreasing triangle pattern, which will end during the break and close below USD 2.73.
Slightly down 20-day EMA (USD 3.04) and RSI just under the middle point do not give a clear advantage either bulls or bears. If the price drops from a 20-day EMA, the seller will make another attempt to sink the XRP price below USD 2.73. If they manage to do this, the couple could drop rapidly to USD 2.33.
Bears will be negated during the break and close over the relegation line. The XRP price can then raise to USD 3.40, and then to USD 3.66.
Bnb price forecasting
BNB (BNB) rapidly increased to the up-to-date highest all time on Friday, which indicates that the bulls are heavily controlled.
Profit reservation near USD 900 brought a price to a breakthrough level USD 861, which is a critical level to be careful. If the price increases from USD 861 and a break above 900 USD, the BNB/USDT pair may raise in the direction of 1000 USD.
Sellers will have to pull out and maintain a BNB price below 20-day EMA (USD 838) to weaken the stubborn rush. This can open the gates for a deeper correction to the 50-day SMA (779 USD).
Solana’s price forecasting
Solana (SOL) is in the face of resistance at the level of USD 210, but the positive sign is that the Bulls did not support a lot of land for bear.
The Sol/USDT pair has created a growing triangle pattern, which will end during the break and closure above USD 210. If this happens, the salted price can start the next stage of UP movement to USD 240, and then to the target of $ 265.
This positive view will be annulled in the near future if the price continues to drop and break below the growth line. The couple could then drop to 155 USD, where the buyers are expected to enter.
Related: The price of XRP does not overcome $ 3: is the breakthrough still possible?
Forecasting Dogecoin prices
Dogecoin (dog) rapidly appeared from the support of 0.21 USD on Friday and broke over 20-day EMA (0.22 USD). However, bulls could not maintain higher levels.
Flat-day 20-day EMA and RSI near the middle point signal the balance between supply and demand. This can maintain a pair of dog/USDT in the range of 0.21 and 0.26 USD for several days.
The first sign of strength will be a break and similar above 0.26 USD. The price of Dogecoin can then raise to 0.29 USD. The break and closing above 0.29 USD opens the door to the rally to 0.35 USD. On the other hand, a slide below 0.21 USD may sink a pair to 0.19 USD, and then to USD 0.16.
Cardano price forecasting
Cardano (ADA) bounced off the 20-day EMA (0.86 USD) on Friday, but bulls try to maintain higher levels.
Both average movable ones fall, which indicates the advantage of the buyer, but the negative discrepancy of the RSI suggests that the rush of growth slows down. If the price closes below the 20-day EMA, the risk of falling below 50-day SMA (0.80 USD) increases. ADA/USDT pair may then fall to 0.70 USD.
Buyers will have to bring the Cardano price above the resistance of $ 1.02 to resume traffic in the direction of $ 1.17.
Chain price forecasting
Link (link) rejected from $ 27 on Saturday, which indicates that the bears are fiercely defending the level.
Sellers will try to pull the price to an EMA 20-day ($ 23.37), which is a key level to be careful about. If the Link/USDT pair bounces off the 20-day EMA with strength, the bulls will make another attempt to neat the obstacle. If they manage to do this, the price of the chain connection can raise to $ 31.
In contrast to this assumption, a break and closing below the 20-day EMA suggests that the bulls are rushing to leave. This can deepen the correction to USD 20.84.
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.