Key points:

• Bitcoin’s support rally threatens to sell near $112,000, signaling that the bears have not given up.

• Buyers have defended support levels in select major altcoins, but unless they push the price above general resistance, selling will likely resume.

Bitcoin (BTC) is trying to make a comeback, but bears are selling a bounce near $112,000. Bitfinex analysts said in a report that the 18.1% decline from October’s peak to trough is “consistent with prior retests of cycle highs since 2023,” indicating consolidation rather than a trend reversal.

Galaxy Digital CEO Mike Novogratz said in an interview with CNBC that BTC “should be holding” around $100,000. He expects BTC to remain in the $100,000 to $125,000 range and the price will only accelerate once it breaks above that range.

Some analysts expect BTC to break below the $107,000 support level, but they don’t expect a significant decline. LVRG Research Director Nick Ruck told Cointelegraph that BTC could see a well market correction to $104,000, but powerful fundamentals and solid institutional interests point to a renewed bull run.

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

Bitcoin price prediction

On Thursday, BTC rebounded from the $107,000 level, indicating that bulls are still vigorously defending this level.

Buyers will need to push the price above the moving averages to signal a comeback. The BTC/USDT pair could then attempt to rise to an all-time high of $126,199.

The $107,000 support remains a key level to watch on the bearish side. To end the double top pattern, sellers will need to keep the price below $107,000. If this happens, Bitcoin price could start a deeper correction to $100,000 and then to the target value of $87,801.

Ether price prediction

Ether (ETH) broke out from the descending channel support line on Wednesday, but the recovery threatens to sell at the 20-day EMA ($4,023).

The bears will try to take advantage of their advantage by driving the Ether price below the support line. If they succeed, the ETH/USDT pair could start moving down to $3,435 and then $3,350.

On the contrary, a break above the 20-day EMA suggests that the bears are losing control. The price may then rise to the 50-day SMA, signaling that the pair may continue to oscillate in the channel for some time.

BNB Price Forecast

BNB ( BNB ) bounced off the 50-day SMA ($1,051) on Wednesday, but the selling rally stalls near the 38.2% Fibonacci retracement level of $1,156.

If the price holds below the 20-day EMA ($1,120), the bears will once again try to sink the BNB/USDT pair below the 50-day SMA. If they succeed, the BNB price could see a deeper correction to $1,021 and then $1,000.

Buyers will need to push the price above the resistance at $1,156 to suggest that the corrective phase may be over. The pair could then rise to the 61.8% retracement level at $1,239.

XRP price forecast

XRP (XRP) has hit the 20-day EMA ($2.52), where bears are expected to provide a powerful defense.

If the price of XRP drops sharply from the 20-day EMA, it suggests that sentiment remains negative and bears continue selling. This may keep the price in a descending channel for a few more days.

Alternatively, if the price closes above the 20-day EMA, it shows that the selling pressure is decreasing. The XRP/USDT pair may rise to the $2.69 breakdown level and then to the downtrend line.

Solana price forecast

Solana (SOL) has hit the 20-day EMA ($196), which is a critical near-term level to watch out for.

If buyers push the price above the 20-day EMA, the SOL/USDT pair may climb to the resistance line. Sellers are expected to defend the resistance line with all their might as a break above it tilts the edge in favor of buyers. Solana’s price could then augment to $238 and ultimately to $260.

Conversely, if the price drops sharply from the 20-day EMA, the bears will try to pull the pair to the support line.

Dogecoin price forecast

Dogecoin (DOGE) remains below the $0.21 level, but the bears failed to keep the price below $0.18.

Bulls will try to rebound, pushing the price above $0.21. If they are successful, the DOGE/USDT pair could rise to the 50-day SMA ($0.23) and then to a stiff upper resistance at $0.29.

The sellers probably have other plans. They will try to stop the rising relief at the 20-day EMA and pull the pair below the $0.18 support. If this happens, the price of Dogecoin could drop to $0.16 and then to $0.14.

Cardano Price Forecast

Cardano (ADA) rose from the $0.60 level on Wednesday, indicating that bulls are aggressively defending this level.

The 20-day EMA ($0.69) is a critical level to watch on the upside. If the price drops sharply from the 20-day EMA, the possibility of a break below $0.60 increases. Cardano’s price may then drop to $0.50.

Alternatively, if buyers push the price above the 20-day EMA, the ADA/USDT pair could rise to the 50-day SMA ($0.79) and later to the downtrend line. Buyers will need to push the price above the downtrend line to signal a potential trend change.

Related: How High Can HYPE Price Go After Listing on Robinhood?

Hyperfluid price prediction

Hyperliquid (HYPE) rebounded from support at $35.50 on Wednesday, indicating that bulls are lively at lower levels.

Buyers are trying to strengthen their position by pushing the Hyperliquid price above the 20-day EMA ($40.02). If they are successful, the HYPE/USDT pair could rise to the 50-day SMA ($46.18).

On the other hand, if the price drops from its current level, it means that the bears are selling on a rally. The next part of the downtrend to $30.50 could begin after sellers pull the pair below the support at $35.50.

Chain link price prediction

Chainlink (LINK) bounced off the support line on Wednesday, signaling that bulls are trying to keep the price within a descending channel formation.

The augment in support is expected to be met with a sell-off at the 20-day EMA ($18.73). If the price drops sharply from the 20-day EMA, the bears will again try to pull the LINK/USDT pair to the $15.43 support.

Conversely, a breakout and close above the 20-day EMA opens the door to a rally to the channel resistance line. Sellers are expected to defend the resistance line, but if buyers bulldoze through it, Chainlink’s price could rise to $23.73 and then to $25.64.

Stellar price forecast

Stellar (XLM) is trying to start a rebound that is expected to be met with a selloff at the 20-day EMA ($0.33).

If the price drops from the 20-day EMA ($0.33), the bears will again try to sink the XLM/USDT pair below the $0.29 support. If they succeed, Stellar’s price could drop to $0.25.

Contrary to this assumption, if the price increases and breaks above the 20-day EMA, it means that the selling pressure is decreasing. The bulls will be back in the driver’s seat when they push the price above the downtrend 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.