Key points:
-
The Bitcoin relief rally increased by USD 108,000, but Bulls may have difficulty moving and maintaining a price above the highest level of USD 111,980.
-
Several main altcoins have affected their last minima, but they do not find buyers at higher levels.
The Bitcoin (BTC) Rally, which began on Monday, after the “Total Batfire” was announced by US President Donald Trump between Israel and Iran, increased above USD 108,000, which indicates constant demand from the bulls.
Institutional investors have not stopped buying despite increasing geopolitical tensions over the past few days, as you can see from the consecutive days of influx to American funds for Bitcoin exchange (ETFS). According to Farside Investors, ETFS attracted $ 3.35 billion from June 9.
Bitcoin looks like the challenge of all time at USD 111,980, but cryptocurrency markets may require a catalyst to maintain higher levels. Lack of trigger can extend Bitcoin’s stay in the field.
Can Bitcoin explode into a up-to-date high -high high, attracting altcoins higher? Let’s analyze the charts of the 10 best cryptocurrencies to find out.
Forecasting bitcoin prices
Bitcoin appeared rapidly from $ 100,000 on Monday and increased above the following average, which indicates solid shopping at lower levels.
The 20-day interpretation of the movable average (USD 105 154) began to appear, and the relative force indicator (RSI) jumped on a positive territory, signaling that the bulls returned to the game. Sellers are expected to defend the zone between the Downtrend line and the highest level of USD 111,980 in history.
If the price drops from the general zone, but it will find support on an EMA 20-day, it signals that they are buying bulls on dips. Bulls will again try to neat the zone above their heads.
On the contrary, the slide below medium traffic suggests that the BTC/USDT pair can for some time consolidate from 111,980 to 98 200 USD.
Forecasting the price of ether
Ether (ETH) appeared from USD 2111 on Sunday and reached the 20-day EMA (USD 2,473) on Tuesday.
The 20-day EMA is flattened, and RSI is just below the middle point, which suggests a balance between pad and demand. If the price increases above the average traffic, the ETH/USDT pair can collect up to 2,238 USD, and then to USD 2,879.
In contrast to this assumption, if the price drops from an EMA 20-day and breaks below USD 2323, it signals that bears sell at rallies. The couple can then check the solid support after USD 2111.
XRP price forecast
A pointed reflection of the XRP (XRP) from $ 2 service on Monday indicates that the bulls vigorously defend the level.
Both average movable ones have ranged, and RSI is close to the middle point, signaling that the action associated with 2 to 2.65 USD can last a few more days.
Another popular traffic will probably start if the buyers drive a price above USD 2.65 or sellers pull a pair of XRP/USDT below USD 2. If the 2nd USD support drops, the steam may drop to USD 1.61. On the other hand, a break above USD 2.65 removes the rally path to $ 3, and then to USD 3.40.
Bnb price forecasting
BNB (BNB) appeared on Sunday from the support line of the decreasing channel pattern and reached the resistance line on Wednesday.
If the buyers do not give up land from the retaining line, the prospects of the break above the channel improve. The BNB/USDT pair can rise to USD 675, and then to USD 698.
On the contrary, a break below USD 625 suggests that the bears aggressively defend the resistance line. The couple can then fall over to the support line near $ 580, extending their stay in the channel for several days.
Solana’s price forecasting
Solana (SOL) appeared on Sunday from 126 USD and broke on Monday above the level of $ 140.
Recovery is in the face of sales on a 20-day EMA (147 USD), but a positive sign is that Bulls did not allow the price to drop below 140 USD. Shallow withdrawal increases the ability to break above 20-day EMA. If this happens, the SOL/USDT pair can climb to 50-day SMA (160 USD).
Sellers will have to pull out and maintain the price below $ 140 to prevent positive. The couple could then drop to USD 123 and ultimately to $ 110.
Forecasting Dogecoin prices
Dogecoin (Doge) has been reflected from the 0.14 USD support from Sunday, but the relief rally may meet with sales on a 20-day EMA (0.17 USD).
If the price drops rapidly from the 20-day EMA, bears will make another attempt to pull the Doge/USDT pair below 0.14 USD. If they manage to do this, the couple could fall to solid support of USD 0.10.
Alternatively, if the buyers exceed the price above 20-day EMA, the next stop may be 50-day SMA (0.20 USD). Sellers will try to stop recovering in a 50-day SMA, keeping a pair in the range from 0.14 to 0.21 USD for a long time.
Cardano price forecasting
Cardano (ADA) has affected the support of 0.50 USD on Sunday, but recovery may meet with sales at movable average.
If the price drops from 20-day EMA (USD 0.61), it suggests that bears sell on every compact rally. This increases the risk of break below USD 0.50 support. If this happens, the Ada/USDT pair may fall to 0.40 USD.
Instead, if the buyers pierce a 20-day EMA, the steam can reach the 50-day SMA (0.69 USD). Sellers are expected to defend the zones between the 50-day SMA and the relegation line, but if the bulls win, the couple will signal a potential change of trend.
Related: Ethereum “Death Cross” flashes for the first time since 2022. Eth Crass
Anticipating the price of hyperlic
Hyperliquid (Hype) reflected on Monday 50-day SMA (USD 33.37) and increased above 20-day EMA (USD 37.13).
If the buyers maintain a price above 20-day EMA, the noise/USDT pair may enhance to 42.50 USD. Buyers may have difficulty exceeding the price above the resistance zone 42.50 USD to USD 45.80.
On the other hand, a break below 20-day EMA signals the lack of buyers at higher levels. This opens the door to a fall to the 50-day SMA, and later to a key support of USD 30.50.
Forecasting Bitcoin cash prices
Bitcoin Cash (BCH) appeared on Wednesday from an EMA (USD 450), which indicates that lower levels still attract buyers.
The price has reached a general resistance of USD 500, where the bears are expected to have a sturdy defense. However, if the buyers are not subject to a bear bear, it increases the likelihood of a break above USD 500. If this happens, the BCH/USDT pair can enhance to USD 550.
This positive view will be annulled in the near future if the price drops and breaks below 50-day SMA (USD 424). The couple can then drop to USD 375.
SUI price forecast
Sui (Sui) appeared sharply on Monday and reached the 20-day EMA (USD 2.94) on Tuesday, where bears are a inflexible challenge.
Downsloping 20-day EMA and RSI in a negative signal of the territory that bear the advantage. Sellers will try to draw a price in the support zone from 2.29 to $ 2, but buyers will probably have other plans.
Bulls will try to arrest the inheritance and exceed the price above 20-day EMA. If they manage to do this, the Sui/USDT pair can climb the 50-day SMA (USD 3.39). Such a movement suggests that the correction may end.
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.