Key points:
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Bitcoin is in the face of sales of nearly $ 110,500, but it is expected that Bulls aggressively defend BTC prices at key medium -sized.
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XRP is trying to break its direct level of resistance.
Bitcoin (BTC) is still in the face of sales near the level of USD 110,500, which indicates that bears vigorously defend the level. A positive sign in favor of Bulls is that they did not allow them to decrease the price below the average traffic. This suggests that the bulls stick to their positions and are not in a hurry to book profits.
Analysts point out that the bands in the Bollinger band indicators are squeezed, suggesting that edged movement can be around the corner. The creator of Bollinger Bands, John Bollinger, said in the post on X that Bitcoin could “prepare for a breakthrough.”
Investors did not give up because they are still pumping money to Bitcoin Exchange (ETP) commercial products, which recorded $ 790 million inflow for a sales week ended on Friday, for Coinshares data. The revenues occurred a marginal slowdown compared to the previous three weeks, which witnessed the influx of $ 1.5 billion.
Research manager Coinshares James Butterfill said that the decrease in the influx suggests an investors’ cautious approach when Bitcoin is approaching its highest level.
Will bears pull out bitcoins below medium traffic or can buyers defend the level? How will altcoins probably behave? 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 expanded its upward trend last week, which indicates constant demand from bulls at higher levels.
Usually, after breaking from considerable resistance, the price decreases and justifies the level of breakthrough. Therefore, it is possible to re -test at level 6147. If the price increases rapidly from 6147, suggests that the bulls have changed the level to support. This increases the likelihood of continuing the upward trend. The index can then collect in the direction of 6500.
Sellers will have to jerk a price below the 20-day interpretation average (EMA) (6 099) to weaken the stubborn rush. The indicator can then drop to the 50-day straight movable average (SMA) (5 904).
Forecasting the price of an American dollar indicator
The American dollar index (DXY) appeared on Tuesday from 96.37, indicating the demand at lower levels.
Withdrawal can reach a breakdown level of 97.92, where the bears are expected to sell aggressively. If the price drops rapidly from 97.92, it suggests that bears are trying to change the level into resistance. This increases the risk of a break below 96.37. The indicator can then fall towards level 95.
And vice versa, a break and closing above level 97.92 suggests that the bulls are coming back. The index can then augment to the 50-day SMA (99.03). This is an essential level to be observed, because the break over it can lead an index to 100.54, and then to resistance 102.
Forecasting bitcoin prices
Bitcoin oscillates between 20-day EMA (USD 107 USD) and a general resistance of USD 110,530.
This tight trade is unlikely to last a long time. Although the range extension is just around the corner, it is arduous to predict the direction of a breakthrough. If the price drops and drops below the average traffic, the BTC/USDT pair may go down to USD 104,500, and later to $ 100,000.
On the contrary, the break and closing above 110,530 USD opens the gates to the rally to $ 111,980, and then to the neckline of the reverse head and shoulder pattern. Closing over the neckline can start the next stage of an upward trend in the direction of $ 150,000.
Forecasting the price of ether
Ether (ETH) got stuck in the range from 2738 to USD 2,323 for several days, with attempts to break and maintain the price above and below the range.
Buyers are trying to exceed the price above USD 2635, removing the rally path to 2,238 USD. Sellers are expected to defeat the zone from USD 2,738 to 2879. If the price drops from the general zone, the ETH/USDT pair may find support on an EMA 20-day. If the price reflects from the 20-day EMA, Bulls will try to bring a pair above USD 2879 again.
On the other hand, the break and closing below the 20-day EMA suggests that the couple can extend their stay within reach. Sellers will return to the driver’s headquarters below USD 2111.
XRP price forecast
The buyer managed to maintain XRP (XRP) above 20-day EMA ($ 2.20) over the past few days, signaling the lack of aggressive sales by bears.
The 20-day EMA began to appear, and RSI jumped into the positive zone, which indicates that the path of the slightest resistance is positive. It is resistance of USD 2.34, but it will probably be exceeded. The XRP/USDT pair may augment to USD 2.48, and then to USD 2.65. Buyers will have to overcome the 2.65 USD barrier to start a modern movement in the direction of $ 3.
On the contrary, if the price drops and breaks below 20-day EMA, it suggests that the couple may exceed $ 2.34 to $ 2 for longer.
Bnb price forecasting
BNB (BNB) has affected the 20-day EMA (USD 652) on Saturday, which indicates that the moods remain positive and traders buy on dips.
20-day EMA and RSI upsoping just above the middle point indicate a tiny advantage for bulls. If the resistance to USD 665 drops, the BNB/USDT pair may augment to USD 675, and then to USD 698. Sellers are probably a solid challenge in the amount of USD 698, because the break above can drive a pair to 732 USD.
This positive view will be negated in the near future if the price drops and breaks below the average traffic. The couple can then drop to USD 636.
Solana’s price forecasting
Bulls managed to push Solana (SOL) above 20-day EMA (149 USD) on Sunday, but they try to break over 50-day SMA (154 USD).
The 20-day EMA has flattened, and the RSI is just above the middle point, which indicates a balance between pad and demand. Buyers will have an advantage if they push the Sol/USDT pair above USD 159. This opens the gates to an augment of up to USD 185. There is a slight resistance of USD 168, but it will probably be exceeded.
The first support in the minus is 145 USD, followed by 137 USD. The break below 137 USD tilts the advantage in favor of bear. The couple can then drop to USD 126.
Related: 4 signs that the price of Ethereum up to $ 5,000 has returned to the game
Forecasting Dogecoin prices
Dogecoin (Doge) broke over 20-day EMA (0.16 USD), suggests that the bulls are trying to return.
If the buyers maintain a price above 20-day EMA, the Doge/USDT pair may augment to 50-day SMA (0.18 USD) and later to 0.21 USD. Sellers are expected to defend USD 0.21, but if the buyer wins, the couple may augment to USD 0.26.
Instead, if the price drops from the current level and breaks below 20-day EMA, suggests that bears sell on every tiny rally. This can sink a pair to support $ 0.14.
Cardano price forecasting
Cardano (ADA) sticks to the 20-day EMA (0.58 USD), which indicates that the bulls maintained pressure.
The flattening 20-day EMA and RSI just below the middle point suggest that sales pressure is decreasing. If the buyers manage the price above 20-day EMA, the Ada/USDT pair may collect up to the 50-day SMA (0.64 USD) and then to the relegation. Bulls will have to push and maintain the price above the relegation line to signal a potential change of trend.
Sellers will have to drag the price below the support of 0.50 USD to complete the pattern of a triangle of a decreasing bear. This can start down to $ 0.40.
Anticipating the price of hyperlic
The buyer managed to maintain hyperlic (noise) above 20-day EMA (USD 38.41) over the past few days, which indicates the demand at lower levels.
However, the negative sign is that the Bulls did not reach the price above the compact -term resistance of USD 41.23. If the price appears from the current level or 20-day EMA and breaks above USD 41.23, it signals that the bulls have returned to the driver’s seat. A pair of noise/USDT may augment to the resistance zone from 42.50 to 45.80 USD.
The first sign of weakness in the minus will be a break and closing below 50-day SMA (USD 36.60). This opens the door for falling to USD 33.25, and later to USD 30.69.
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.