Bitcoin enters the consolidation phase when traders profit

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Key point:

Bitcoin (BTC) remains pinned below the level of breakthrough 109,588 USD, which indicates that the bears are fiercely defending the level. Bitfinex analysts have stated on the market that accepting profits usually occurs after Bitcoin reaches a up-to-date level of all time after a edged rally. The report added that a gentle withdrawal or consolidation would be robust and put the basis on the next leg.

Glassnode had a similar view. In its latest report, the Market Intelligence Company said that the relative force indicator (RSI) weakened, which suggests soothing the momentum, which can lead to a “potential break or reversal in the last trend stubborn.”

Daily view of cryptographic market data. Source: Coin360

Even if a correction occurs, Dips will probably be purchased. Co -founder of materials, Keith Alan, remains stubborn because Bitcoin still trades over USD 100,000 and whales accumulate. He expects Bitcoin to find support near USD 94,000.

What critical levels should be careful in Bitcoin and Altcoins? Let’s analyze the charts of the 10 best cryptocurrencies to find out.

Forecasting bitcoin prices

Lack of maintenance of Bitcoin above USD 109,588 could attract sales by compact -term traders.

Daily BTC/USDT chart. Source: Cointelegraph/TradingView

Bears will try to download the price to a 20-day interpretation average movable (USD 105,453), which is a key level to be careful. If the price revives the 20-day EMA with strength, it suggests that the sentiment remains positive and traders buy on dips. This improves the perspective of a re -test of USD 111,980. If the buyers overcome the resistance of USD 111,980, the BTC/USDT pair may escalate to USD 130,000.

On the contrary, a break and closing below 20-day EMA can strengthen bears. The couple can then fall violently to a psychologically key support of $ 100,000, which will probably attract solid shopping via bulls.

Forecasting the price of ether

Buyers could not exceed the ether (ETH) above 2738 USD resistance on May 27, but they maintained pressure.

Daily chart ETH/USDT. Source: Cointelegraph/TradingView

The ETH/USDT pair has created a stubborn triangle pattern, which will end during the break and approaching above 2,738 USD. This removes the rally path to $ 3000, and later to the target of $ 3153.

This bullish view will be negated in the near future if the price drops and breaks below 20-day EMA (USD 2467). The failure of the stubborn configuration may be imprisoned by aggressive bulls, sinking a pair to USD 2323 and below USD 2,111.

XRP price forecast

XRP (XRP) trads between medium traffic, which indicates a lack of aggressive purchase or sale.

Daily chart XRP/USDT. Source: Cointelegraph/TradingView

The flat-like 20-day EMA (USD 2.33) and RSI just below the middle point do not give a clear advantage either bulls or a bear. If the price drops below 50-day SMA (USD 2.24), the XRP/USDT pair may immerse $ 2. The buyers are expected to defend the level of 2 USD 2 fiercely, because the break below may sink a pair to USD 1.61.

On the other hand, the break and closing over the 20-day EMA opens the gates to the rally to $ 2.65. Buyers will have to bring a pair above USD 2.65 to catapult price to $ 3.

Bnb price forecasting

The buyers pushed BNB (BNB) above the resistance USD 693 on May 27, but they could not maintain higher levels.

Daily chart BNB/USDT. Source: Cointelegraph/TradingView

The price campaign from the last few days has created a stubborn pattern of a triangle, which will end during the break and approaching above USD 693. If this happens, the BNB/USDT pair can gather towards the target of the 752 USD pattern.

20-day EMA (USD 658) is a critical support that should be considered in the minus. The break and closing below the 20-day EMA can speed up sales because aggressive bulls can cover their positions. It can jerk pair to 50-day SMA (USD 622).

Solana’s price forecasting

Solana (SOL) consolidates in a narrow range between 20-day EMA (USD 169) and a resistance of USD 180.

Daily Sol/USDT chart. Source: Cointelegraph/TradingView

If the price drops and breaks below 20-day EMA, it suggests that bulls reserve profits. The Sol/USDT pair may go down to USD 159, and later to the 50-day SMA (153 USD), which will probably attract buyers. If the price reflects from the 50-day SMA, the couple can turn from USD 153 to 180 for some time.

A break and closing above USD 180 signals the resumption of movement up. The couple could take a rush and accumulate in the retaining zone from 210 to 220 USD.

Forecasting Dogecoin prices

Sellers are trying to draw Dogecoin (DOGE) below immediate support on 20-day EMA (0.22 USD).

Daily Doge/USDT chart. Source: Cointelegraph/TradingView

If they succeed, the DOTE/USDT pair may fall to horizontal support of 0.21 USD. The buyers are expected to defend the USD 0.21 with all their strength, because the break below may sink a pair to 50-day SMA (0.19 USD). This movement introduces a vast range of 0.14 to 0.26 USD.

On the contrary, the $ 0.21 reflection suggests that the bulls vigorously defend the level. This can maintain a pair in the range from 0.21 to 0.26 USD for several days.

Cardano price forecasting

The buyer managed to maintain Cardano (ADA) over the neckline of the opposite head and shoulder pattern (H&S), but the reflection lacks strength.

Daily chart ADA/USDT. Source: Cointelegraph/TradingView

This increases the risk of a break below 50-day SMA (0.70 USD). If this happens, the Ada/USDT pair can immerse themselves in solid support for 0.60 USD. This suggests that the markets have rejected the breakthrough from the stubborn configuration.

Buyers will have to exceed the price above the resistance of 0.86 USD to indicate the resumption of movement up. The couple can then collect up to USD 1.01, where bears can raise sturdy defense.

Related: Sui price map

SUI price forecast

Sui (Sui) rejected from 20-day EMA (USD 3.66) on May 28, which indicates that the moods remain negative and traders sell at rallies.

Dziennik Sui/USDT. Source: Cointelegraph/TradingView

Bears will try to sink the SUI/USDT pair to the 50-day SMA (USD 3.24), which is a key level to which you can have an eye. If the price reflects from the 50-day SMA, Bulls will try to immaculate the 20-day EMA obstacle. If they can do this, the couple can accumulate to the general zone from USD 3.90 to 4.25 USD.

On the other hand, the break and closing below the 50-day SMA suggests that bears remain under control. The couple could then immerse $ 2.86 support.

Anticipating the price of hyperlic

Hyperliquid (Hype) rejected from USD 40 on May 26 and broke below the level of breakthrough 35,73 USD 28.

Hype/USDT Daily. Source: Cointelegraph/TradingView

There is a support of $ 32, but if the levels break, the steam/USDT pair may extend the slide to 20-day EMA (30 USD). Buyers will try to start a reflection from an EMA 20-day, but they can meet with a sturdy resistance of USD 35.73.

The first sign of strength will be a break and similar above 35.73 USD. This suggests a solid demand at lower levels. Bulls will make one more attempt to bring the steam to resistance to a total level of USD 42.25.

Chain price forecasting

BainLink (link) still finds support on the H&S pattern neckline, but the bulls did not start a sturdy reflection.

LINK/USDT DAIL DAIL. Source: Cointelegraph/TradingView

20-day EMA (USD 15.66) is flattened, and RSI is near the middle point, which indicates the balance between supply and demand. Buyers will have to exceed the price above USD 18 to gain an advantage. If they do this, the link/USDT pair can collect up to $ 19.80.

Instead, if the price drops and breaks below 50-day SMA (USD 14.68), suggests that the markets have rejected the breakthrough above the retaining line. The couple could then drop to USD 13.20.

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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