Key points:
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Bitcoin returned, confirming that the buyers of DIP were present at lower levels; Higher levels can still attract sellers.
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Choose altcoins jumped from appropriate support levels, which indicates a positive sentiment.
Bitcoin (BTC) increased on Wednesday to $ 112,500, which indicates that bulls are trying to extend recovery. According to Sosovalue data, the rally attracted purchases at the BTC rotary fund point, which recorded $ 332.7 million net inflow.
A positive sign for cryptographic bulls is that gold (Xau) reached a recent level above USD 3500 (on the ounce) on Tuesday. History shows that BTC follows gold with a delay. The median growth of BTC after the recent level of all time Gold is 30% after three months, and 225% after 12 months. If the story repeats, BTC can accumulate to the zone from USD 135,000 to 145,000 at the beginning of December.
However, the needy seasonality of September is a risk for bulls in the near future. The Timothy Peterson network economist said in the post on X that BTC is falling 100% between September 16 and September 23, with a typical drop by 5%.
What are critical resistance levels that should be careful in BTC and the main altcoins? Let’s analyze the charts of the 10 best cryptocurrencies to find out.
Forecasting bitcoin prices
BTC increased above the level of $ 110,530 on Tuesday, which indicates a solid demand at lower levels.
In the 20-day interpretation average, there is a inflexible resistance (112 438 USD), but if the bulls overcome it, the BTC/USDT pair can accumulate to a 50-day straight movable average (115 640 USD). Such a movement suggests that the correction phase may end. The couple can then try to weigh in the direction of USD 124,474.
If the bears want to maintain an advantage, they will have to defend 20-day EMA violently and quickly pull the Bitcoins price below USD 107,255. If they manage to do this, the couple could drop rapidly to $ 105,000 and ultimately for the necessary support of $ 100,000.
Forecasting the price of ether
ETH (ETH) closed below 20-day EMA (USD 4,379) on Monday, but bears could not get prices to support 4,094 USD.
Bulls are trying to return by keeping a price above 20-day EMA. If they do this, the ETH/USDT pair may boost to 4,500 USD, and then to USD 4,664. Sellers will try to defend the zones from 4,664 to USD 4,956, because the break above it may resume the return to the next target by $ 5,662.
50-day SMA (USD 4072) is a critical level that should be considered in the minus. If this support breaks, the ether price can drop to USD 3,745, then to USD 3354.
XRP price forecast
XRP (XRP) bounced from USD 2.73 on Monday, which indicates that the bulls aggressively defend the level.
It is expected that the relief rally will be sold on an EMA 20-day (USD 2.93), which fell. The XRP/USDT pair will complement the bear triangle pattern at the break and close below USD 2.73. This can start down to $ 2.20.
Buyers will have to exceed the price above the relegation line to disregard the bear pattern. The price of XRP can then collect in the direction of USD 3.40, signaling that the couple can stay for a while from USD 2.73 to 3.66 USD.
Bnb price forecasting
Buyers try to maintain BNB (BNB) above 20-day EMA (USD 849), but the bears maintained pressure.
If the 20-day EMA disappears, the BNB/USDT pair may move to the 50-day SMA (USD 811). The buyers are expected to defeat the zone between the 50-day SMA and 794 USD.
If the price appears and a break above USD 869, it suggests that sales pressure decreases. Bulls will then try to exceed the price above USD 881, questioning the general resistance of USD 900. The break and closing above USD 900 signal the beginning of the next stage of growth to the psychological level of 1000 USD.
Solana’s price forecasting
Solana (SOL) appeared on Tuesday from 20-day EMA (USD 197), signaling that a positive sentiment remains intact.
Buyers will try to strengthen their position, exceeding the price above USD 218. If they manage to do this, the ZOL/USDT pair will complement the stubborn triangle pattern. This removes the rally path to USD 240, and then to $ 260.
The growth line is a critical support that should be considered in the minus. Sellers will have to drag the price below the uptrend line to annul the stubborn configuration. Solan’s price may drop to 175 USD, and then to USD 155.
Forecasting Dogecoin prices
The buyer managed to maintain Dogecoin (dog) above 0.21 USD support, but they try to exceed the price above the average traffic.
Downsloping 20-day EMA (0.22 USD) and RSI near the middle point suggest a slight advantage for bears. If the price drops and breaks below 0.21 USD, the Doge/USDT pair may drop to 0.19 USD, and then to 0.16 USD.
This negative view will be annulled in the near future if the price appears and breaks above 50-day SMA (0.22 USD). This suggests that the Dogecoin price can oscillate from 0.21 to 0.26 USD for several days.
Cardano price forecasting
Cardano (ADA) has been falling into a falling channel pattern for several days, indicating the purchase on dips and sales at rallies.
If buyers manage a price above 20-day EMA (0.84 USD), the Ada/USDT pair may reach the relegation line. Sellers are expected to include vigorous defense on the bottom line, but if the bulls win, the Cardano price may boost to USD 0.96, and then to USD 1.02.
Instead, if the price drops from a 20-day EMA, bears will try to pull a pair to the support line. This is a critical level for Bulls to defend, because the break below the channel can sink a price to 0.68 USD.
Related: The classic pattern of the XRP price chart is 5 USD because the ETF point is approaching
Chain price forecasting
BainLink (Link) witnessed a hefty battle between Bulls and Bears on an EMA 20-day ($ 23.45).
The flattened 20-day EMA and RSI near the middle point do not give a clear advantage either bulls nor bears. If the price drops from the current level, the Link/USDT pair can find support on the 50-day SMA (20.99 USD).
On the contrary, buyers will gain an advantage in the near future if they push and maintain the price of a chain link above USD 24.06. If they manage to do this, the couple can march in the direction of $ 26, then 27 USD.
Anticipating the price of hyperlic
Hyperliquid (Hype) appeared on Tuesday from the height line, but the bears will probably sell at higher levels.
The break and closing below the growth line annul the stubborn triangle pattern. This can attract the price of hyperlic to USD 40, and then to a solid support of USD 35.51.
In contrast to this assumption, if the price maintains above USD 45.50, suggests that the bulls are buying on dips. A pair of noise/USDT can then rise to resistance to a total level of USD 49.88. This is a key level to be careful, because nearly USD 49.88 opens the gates to the rally to the target of 64.25 USD.
SUI price forecast
Sui (Sui) closed below the support of $ 3.26 on Monday, but bears could not maintain lower levels.
Bulls pushed the SUI price above USD 3.26 on Tuesday, but they will probably have to face the inflexible bear resistance on a 20-day EMA (USD 3.45). If the price drops rapidly from an EMA 20-day, the risk of a break below USD 3.11 increases. The Sui/USDT pair may then fall to $ 2.80.
Alternatively, if buyers direct the price above 20-day EMA, the couple can climb to 50-day SMA (USD 3.67).
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.