Key points:
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Bitcoin trades in a strict extent, which indicates a possible breakthrough in the next few days.
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The buyers did not take too many grounds for bears in the ether, which suggests the continuation of the rally.
Bitcoin (BTC) has strictly strictly from 112,000 to 115,220 USD in the last few days, which indicates the indecision between bulls and bears about the next directional movement.
The weakness of BTC and the decline in most Altcoins suggest reversing the “speculative appetite”, said Bitfinex analysts in a market report. Analysts expect cryptocurrency markets to enter the consolidation period, but have added that recent macro trigers or increased revenues to rotary funds in the field of cryptographic exchange may decide about the direction of the next movement.
Brinodern BTC action does not inspire some analysts, but the co -founder of Fundstrat and chairman of Bitmine Tom Lee remains stubborn. Speaking of Coin Stories podcast, Lee said that BTC could escalate to USD 200,000 and even USD 250,000 by the end of the year.
Can BTC break free from its tight range? Will Altcoins follow BTC above? Let’s analyze the charts of the 10 best cryptocurrencies to find out.
Forecasting bitcoin prices
On Tuesday, BTC reflected from a 50-day straight movable average (SMA) ($ 112,619), indicating that the bulls vigorously defend the level.
It is expected that the relief rally will be sold on a 20-day SMA (116 804 USD), which has fallen. If this happens, the BTC/USDT pair may be squeezed between the average average for some time.
Buyers will gain an advantage if they lead and keep a price above 20-day SMA. If they manage to do this, the couple can question the resistance of USD 120,000, and then the highest level of USD 123 218.
And vice versa, a break below 50-day SMA opens the door for a decrease to 105,000 USD, and then to $ 100,000. The support is $ 110,530, but it will probably be broken.
Forecasting the price of ether
The buyers pushed the ether (ETH) above 20-day SMA (USD 3675) on Monday, but they could not tidy the obstacle at USD 3,745.
However, a tiny positive thing is that the bulls did not raise a lot of land for bears. This suggests that the bulls stick to their positions when they predict another move above. If the level $ 3,745 is exceeded, the ETH/USDT pair can rise to USD 3,941, and ultimately to 4,094 USD.
This positive view will be annulled in a brief period if the price drops and falls below 61.8% of the level of recovery of Fibonacci of USD 3300. This opens the door to a fall to the 50-day SMA (USD 3,058).
XRP price forecast
XRP (XRP) appeared from 50-day SMA (USD 2.69) on Sunday, but is in the face of sales near the 20-day SMA (USD 3.16).
This suggests that they buy bulls on dips, and bears sell at rallies. This can maintain a pair of XRP/USDT stuck between the average traffic for some time.
Buyers will have to escalate the price above the 20-day SMA to signal that the repair phase may end. The couple may escalate to USD 3.33 and ultimately to USD 3.66.
Alternatively, a decrease below 50-day SMA signals that bulls lose their grip. The couple can then drop to USD 2.40.
Bnb price forecasting
The BNB (BNB) facilitate rally is in the face of sales at 20-day SMA (774 USD), but the positive sign is that the Bulls maintained pressure.
If the price increases above 20-day SMA, the BNB/USDT pair may escalate to 794 USD. Sellers will again try to stop traffic of USD 794, but if the bulls win, the couple can collect up to USD 815, and then to USD 861.
On the contrary, if the price drops rapidly from a 20-day SMA, it suggests that the bears are fiercely defending the level. This increases the risk of break below 732 USD support. If this happens, the couple can move to the 50-day SMA (706 USD).
Solana’s price forecasting
Solana (SOL) again fell to the 50-day SMA (USD 162), indicating that the rallies of facilitate are sold.
The flattened average movable and RSI just under the middle point do not give a clear advantage either bulls or a bear. If the price reflects the 50-day SMA with strength, the SOL/USDT pair may escalate to 20-day SMA (178 USD).
The brief -term advantage will tilt in favor of bulls if the price increases above USD 185. This opens the door to a re -test of key general resistance in the amount of USD 209. On the other hand, a break below 155 USD may sink a pair to $ 144, and then to USD 137.
Forecasting Dogecoin prices
The buyer managed to defend the 50-day SMA (0.19 USD), but they try to push Dogecoin (dog) above the resistance of 0.21 USD.
Both average movable ones have heard, and the relative force indicator (RSI) is just below the middle point, signaling the range related to the range in the near future.
If the price increases and breaks above 0.21 USD, the Doge/USDT pair can climb to 20-day SMA (0.22 USD). Sellers are expected to defend 20-day SMA, keeping the pair between medium traffic for some time.
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Doge Price can go down to USD 0.17, and then to a solid support in the amount of USD 0.14, if the bulls do not defend the 50-day SMA.
Cardano price forecasting
Cardano (ADA) bounced from 50-day SMA (0.68 USD) on Sunday, but the relief rally is in the face of sales for 0.76 USD.
Flat movable and RSI, just below the middle point, suggest an action related to the range in the near future. ADA/USDT couple can change between medium traffic for the next few days.
Sellers will gain an advantage if they sink a price below 50-day SMA. If they manage to do this, the price of Ada can immerse yourself compared to 0.56 USD. On the contrary, an escalate above 20-day SMA (0.79 USD) may exceed the Cardano price to 0.86 USD.
Anticipating the price of hyperlic
The rally will relieve Hyperliquid (Hype) from 35.51 USD struck near the 50-day SMA (USD 40.99), which indicates that the mood has become bear, and traders sell at rallies.
Medium moving are on the edge of the bear, and the RSI is located on a negative territory, which indicates that bears are trying to take control. If the price slips below 35.50 USD, a steam/USDT pair may drop to $ 32.
In each reflection, sellers are expected to defend the zone between the 50-day SMA and the channel support line. Buyers will have to slide the price of noise back into the channel to suggest that the correction phase may end.
Star price production
Stellar (XLM) rejected the 20-day SMA (0.42 USD) on Monday, which indicates that the bears are selling at rallies.
The XLM/USDT pair may fall to the 50-day SMA (0.34 USD), which will probably attract buyers. The reflection of the 50-day SMA can maintain a pair of getting stuck between the average traffic for some time.
Another popular movement is to start during a break above 20-day SMA or below 50-day SMA. Rally above the 20-day SMA signal that the correction may end, while the slide below 50-day SMA can sink the price of XLM to 0.29 USD.
SUI price forecast
Sui (Sui) returned to the 50-day SMA (USD 3.32), which indicates that the bears maintained pressure.
20-day SMA (USD 3.75) began to reject, and RSI is below level 45, which indicates that the bears have a slight advantage. Sellers are expected to defend 20-day SMA at each reflection. If the price drops from a 20-day SMA, the ability to break below 50-day SMA increases. The SUI/USDT pair may then fall to USD 2.87, and later to USD 2.65.
Buyers will have to exceed the price above the 20-day SMA to prevent the minus. If they do this, Sui Price can start the auxiliary rally to USD 4, and ultimately to the resistance to a total level of USD 4.30.
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.