BTC, ETH, XRP, BNB, SOL, Doge, Ada, Sui, Hype, Link

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Key points:

  • Bitcoin is threatened with a decrease of up to $ 100,000, but the long -term image remains intact.

  • The focus is shifting to choose altcoins that are on the right track to raise above their appropriate levels of immunity.

Bitcoin (BTC) maintains USD 105,000, but the lack of rejection of bulls on June 3 suggests a lack of demand at higher levels. Analysts expect Bitcoin to fall on a psychologically level $ 100,000.

The analyst Willy Woo warned that the purchase of Bitcoin in six numbers may not make sense in a brief period, but it will probably be “one of the best investments you will see in an investment career” in the next 10 years.

Daily view of cryptographic market data. Source: Coin360

Another stubborn view comes from the reference bank. In their monthly investment prospects, the bank’s analysts have stated that the institutional adoption and the raise in Bitcoin acquisition vehicles caused a 30% decrease in the liquid supply of bitcoins, which may create “conditions for demand shocks and growth variability”.

Can Bitcoin fall to $ 100,000, attracting altcoins below? Let’s analyze the charts of the 10 best cryptocurrencies to find out.

Forecasting bitcoin prices

Bitcoin is a witness to a hefty battle between bulls and bears near the 20-day interpretation of the movable average (USD 105,347).

Daily BTC/USDT chart. Source: Cointelegraph/TradingView

Buyers will gain an advantage if they push and keep a price above USD 106,800. This removes the rally path to the resistance zone of USD 109,588 to $ 111,980. Sellers are expected to defend the zones with all their strength, because the break above can launch a pair of BTC/USDT in the direction of USD 130,000.

Bears will have to achieve a closure below USD 103,000 to prevent a plus. The couple could then immerse themselves in the necessary support of $ 100,000.

Forecasting the price of ether

Ether (ETH) bounced from 20-day EMA (USD 2528) on June 2, which indicates that the moods remain positive and traders buy on dips.

Daily chart ETH/USDT. Source: Cointelegraph/TradingView

Bulls will try to strengthen their position, exceeding the price above the resistance of 2,738 USD. If they do this, the ETH/USDT pair can collect up to USD 3000, and then to $ 3153.

Bears lack time. If they want to return, sellers will have to fiercely defend resistance of 2,738 USD and reduce the price below 20-day EMA. This can sink a pair to USD 2323.

XRP price forecast

XRP (XRP) increased to medium traffic, in which the bulls are expected to sell from bears.

Daily chart XRP/USDT. Source: Cointelegraph/TradingView

If the price drops rapidly from the moving average, the XRP/USDT pair may go down to the probable solid support of 2 USD. A powerful reflection from $ 2 suggests that the range related to the range can last longer.

Alternatively, if buyers drive the price above the average traffic, the couple can accumulate up to USD 2.65. Sellers will defend the level of USD 2.65, but if bulls prevail, the couple can jump up to 3 USD.

Bnb price forecasting

BNB (BNB) increased and closed above 20-day EMA (USD 661) June 1. Sellers tried to take a price below 20-day EMA on June 3, but Bulls successfully defended the level.

Daily chart BNB/USDT. Source: Cointelegraph/TradingView

The BNB/USDT pair can collect up to USD 693, which is probably a significant challenge. If the bulls maintain pressure and pushed through USD 693, the couple can raise rapidly to 732 USD, and ultimately to USD 761.

On the contrary, if the price drops rapidly from USD 693 and breaks below 20-day EMA, it signals a possible range of range in a brief period. The couple can range from 634 to 693 USD for several days.

Solana’s price forecasting

The buyers tried to move Solana (SOL) above 20-day EMA (USD 163) on June 3, but the bears maintained their land.

Daily Sol/USDT chart. Source: Cointelegraph/TradingView

A miniature positive benefit in favor of Bulls is that they did not allow the price to fall below USD 153 support. Bulls will again try to lower the price above 20-day EMA, opening the gates to the rally to USD 185.

On the other hand, if the price drops again from an EMA 20-day, increases the risk of break below $ 153. The SOL/USDT pair may drop to USD 140, and then to USD 133.

Forecasting Dogecoin prices

Dogecoin (dog) stays on the 50-day straight movable average (0.19 USD), which indicates a lack of aggressive sales at lower levels.

Daily Doge/USDT chart. Source: Cointelegraph/TradingView

Bulls will try to exceed the price above the average traffic. If they manage to do this, the Doge/USDT pair can collect up to 0.23 USD, and then to USD 0.26. Buyers must overcome the 0.26 USD barrier to signal the beginning of the up-to-date traffic.

On the contrary, if the price drops rapidly from the 20-day EMA (0.20 USD), indicates that bears are vigorous at higher levels. This increases the risk of falling to the support zone of 0.16 to 0.14 USD.

Cardano price forecasting

Cardano (ADA) adopts the support of nearly 0.64 USD, but Bulls did not reduce prices above average traffic.

Daily chart ADA/USDT. Source: Cointelegraph/TradingView

If the price drops from the average movable, bears will try to sink a pair of ADA/USDT below 0.64 USD support. The couple may fall into key support of USD 0.50 if they can pull it out.

Related: Will the price of XRP crash again?

Instead, if the price exceeds the average walking, signals buying at lower levels. The couple can reach the relegation line, which is a critical level to be careful about. Buyers will have to lower the price above the relegation line to open the gates for the rally to 0.86 USD, and later to USD 1.01.

SUI price forecast

Buyers could not push Sui (SUI) back above 50-day SMA (USD 3.40) in the last few days, and traders sell on rallies.

Dziennik Sui/USDT. Source: Cointelegraph/TradingView

The average movable are on the edge of the bear, and the relative force indicator (RSI) is located on a negative territory, which indicates an advantage for sellers. The break and closing below USD 3.05 may sink the SUI/USDT pair to USD 2.86.

This negative view will be annulled in the near future if the bulls exceed the price above the average traffic. If they manage to do this, the couple can march towards the general cost zone from USD 3.90 to USD 4.25.

Anticipating the price of hyperlic

The buyers pushed hyperlic (noise) above the resistance of 35.73 USD on June 2, which indicates solid shopping on the dips.

Hype/USDT Daily. Source: Cointelegraph/TradingView

Sellers tried to lower the price below 35.73 USD on June 3, but Bulls maintained their land. Buyers will try to exceed the price above USD 40, questioning a stiff general resistance of USD 42.50. If the level of USD 42.50 is scaled, the steam/USDT pair may raise to 50 USD.

20-day EMA (USD 32.33) is a key support to be careful in the minus. The break and closing below 20-day EMA will be the first sign of profit by short-term buyers. The couple can move to 30.59 USD, and then to USD 28.50.

Chain price forecasting

Link (link) appeared from the support of USD 13.20 on May 31, but the buyers are still in the face of sales near the resistance line of the decreasing channel pattern.

LINK/USDT DAIL DAIL. Source: Cointelegraph/TradingView

20-day EMA (USD 14.90) began to reject, and RSI is in the negative zone, which indicates that the bears have a little advantage. Buyers will have to break the resistance line to take control. The Link/USDT pair can then raise to USD 18, where the bears are expected to attach a powerful defense.

Sellers will probably have other plans. They will try to pull the price below $ 13.20 support. If they do this, the couple can extend their stay on the channel for a long time.

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.

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