Key points:

• Bitcoin has fallen below USD 109,588, but technical charts suggest that traders buy every decrease.

• Excessive bitcoin term lever increases the risk of quick correction.

• Choose altcoins have rejected from the appropriate levels of resistance to general, signaling that the bears remain sellers at rallies.

The sellers pulled Bitcoin (BTC) back below the breakthrough level 109,588 USD, but lower levels will probably attract buyers. Investors’ interests remain forceful, and American funds from the Bitcoin industry are witnessing an influx of USD 934 million on USD 22 and 608 million on May 21, according to Sosovalue data.

Glassnode noticed that the highest in history above USD 109,588 led to a total level of profit raising of about $ 1 billion, much more muted than $ 2 billion, when the price increased in December above 100,000 USD. This shows that investors expect movement to continue.

Veteran Peter Brandt said in a post on X that Bitcoin was aimed at reaching from USD 125,000 to USD 150,000 until the end of August.

A forceful rally attracts speculators who load on the lever. Couminggass data shows that the open interest of Futures Bitcoin increased to just over $ 80 billion on May 23. Excessive lever increases the risk of forced liquidation when prices are witnessing a piercing withdrawal. Therefore, traders should be careful.

What are critical support levels for Bitcoin and Altcoin? Let’s analyze the charts of the 10 best cryptocurrencies to find out.

Forecasting bitcoin prices

Sellers try to keep the price below the breakthrough level 109,588 USD, which can be imprisoned by aggressive bulls. This can attract the price to a 20-day interpretation average (USD 103,652).

A solid reflection from the 20-day EMA suggests that the sentiment remains positive and traders buy on dips. Bulls will again try to resume the return, exceeding the price above USD 111,980. If they manage to do this, the BTC/USDT pair can speed up the target of USD 130,000.

The first sign of weakness will be a break below 20-day EMA. This removes the track of inheritance to a mentally key level of USD 100,000. The buyers are expected fiercely to defend the level of 100,000 USD, because the break below may sink a pair to the 50-day straight movable average (USD 94 001).

Forecasting the price of ether

Ether (ETH) rejected from the resistance of USD 2738, which indicates that bears vigorously defend the level.

The ETH/USDT pair may fall to an EMA 20-day (USD 2,388), which is a significant support for which you can have an eye. If the price reflects from a 20-day EMA with strength, Bulls will again try to neat an obstacle of 2,738 USD. If they do this, the couple can escalate to $ 3,000. It is resistance of USD 2850, but it will probably be exceeded.

This positive view will be annulled in the near future if the price continues to drop and break below 20-day EMA. The pair may drop to USD 2,323, and then to USD 2111.

XRP price forecast

XRP (XRP) remains stuck in the range from 2.65 to 2 USD, which indicates a balance between pad and demand.

20-day EMA (USD 2.35) is flattened, and RSI is close to the middle point, which suggests that the XRP/USDT pair can extend their stay within reach for several days.

The break and closing above USD 2.65 will complete the stubborn pattern of the reverse head and shoulders, which has the target of $ 3.70. Alternatively, a break below USD 2 suggests that bears have been overpowered. This increases the likelihood of a decrease to $ 1.60, and then to USD 1.27.

Bnb price forecasting

BNB (BNB) rejected rapidly from the resistance $ 693 on May 23, signaling aggressive sales by bears.

The BNB/USDT pair has affected the 20-day EMA (USD 647), as you can see from the long tail on the candlestick. This shows solid shopping at lower levels. Bulls will again try to lower the price above USD 693. If they manage to do this, the couple can escalate rapidly to the resistance zone from 732 to 761 USD.

Instead, if the price drops and breaks below 20-day EMA, it suggests that bulls reserve profits. The steam may then fall to the 50-day SMA (USD 612).

Solana’s price forecasting

Solana (SOL) increased above the resistance of USD 180 on May 23, but bears are a forceful challenge of USD 185.

20-day EMA UpSloping (USD 167) and RSI in a positive zone indicate that the path of the lowest resistance is position. If the buyers maintain a price above USD 185, the SOL/USDT pair can collect up to USD 210, and then up to USD 220.

Contrary to this assumption, if the price drops and breaks below 20-day EMA, it suggests that the bulls rush to the exit. This increases the risk of decline to 50-day SMA (USD 147).

Forecasting Dogecoin prices

Dogecoin (Doge) rejected from the resistance above the head of USD 0.26, which indicates that the bears are fiercely defending the level.

The Doge/USDT pair may go down to 20-day EMA (0.21 USD), which is an crucial support to be careful. The solid reflection of the 20-day EMA signals a positive sentiment, improving the perspective of breaks above 0.26 USD. If this happens, the couple can collect up to USD 0.35. There is a resistance is 0.29 USD, but it will probably be exceeded.

This hopeful view will be annulled in the near future if the price drops and breaks below 0.21 USD. This suggests a possible action related to the range from 0.14 to 0.26 USD.

Cardano price forecasting

Cardano (ADA) bounced off the reverse neckline of the H&S pattern, but the bulls could not neat an obstacle of USD 0.86.

If the price is continued and breaks below the neckline, it shows that bears are lively at higher levels. The ADA/USDT pair may fall to the 50-day SMA (0.69 USD), and later to a solid support of 0.60 USD.

On the contrary, a solid reflection from 20-day EMA (0.75 USD) shows demand at lower levels. Bulls will try to throw a price above 0.86 USD again. If they succeed, the couple can rise to $ 1.01.

Related: The fresh level of all time Bitcoin has traders asking: whether overheating BTC prices is 111 thousand. USD?

SUI price forecast

The buyers failed to succeed (Sui) above the resistance above the head of USD 4.25 on May 22, which indicates that the bears aggressively defend the level.

A repetitive lack of exceeding USD 4.25 may tempt low -term buyers for profit booking. This pulled a price below 20-day EMA (USD 3.73). If the price lasts below 20-day EMA, the Sui/USDT pair may drop to 50-day SMA (USD 3.09).

On the contrary, if the price appears from a 20-day EMA and a break above USD 4.25, this means resumption of upward movement. The couple could climb at USD 5, and ultimately to USD 5.37, where the bears are expected to enter.

Anticipating the price of hyperlic

Hyperliquid (Hype) increased above the fixed resistance over the head 28.50 USD 22 on May 22, which indicates the start of the next stage of the UP movement.

Bulls exceeded the price above the resistance 35.73 USD 23 May, but a long wick on the candlestick shows that bears are trying to defend the level. If the buyers are not subject to a bear bear, a steam/USDT pair may escalate to 42.25 USD.

Bears lack time. If they want to return, they will have to quickly drag the price back below 20-day EMA ($ 26.32). This signals that the couple formed a local top of nearly USD 37.59.

Chain price forecasting

Connect (link) closed above the resistance line of the decreasing channel pattern on May 22, but the bulls have difficulty maintaining the momentum.

Bears are trying to attract the price back to the descending channel. If the prices are slipped below the neckline, it suggests that a breakthrough above the resistance line could have been a bull’s trap. The Link/USDT pair can sink to USD 13.20, maintaining the price of getting in the channel for a long time.

And vice versa, a solid reflection from the resistance line indicates that the bulls are trying to convert the level into support. The couple may escalate to USD 18, and then to $ 19.80.

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.