Key points:
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Bitcoin is facing a selling price of nearly $110,500, but the Bulls are expected to actively defend the price of BTC with its main moving average.
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XRP attempts to surpass its direct overhead resistance levels.
Bitcoin (BTC) Continue to face sales that are selling at close to $110,500, which shows that the bear is vigorously defending the level. A positive signal for the bulls is that they do not allow prices to fall below the moving average. This shows that the Bulls are taking their own position, rather than rushing to book profits.
Analysts point out that the band is The indicator of the Brynn band is squeezingindicating that a sharp move may be around the corner. John Bollinger, the creator of the Bringing Band, said in an article on X that Bitcoin could be “ready to break through.”
Investors did not give up when they continued to send funds to Bitcoin Exchange Trading Products (ETPs), which recorded $790 million inflows during trading week According to Coinshares data, it ended Friday. Inflows were small compared to the previous three weeks, which had $1.5 billion inflows.
James Butterfill, head of research at Coinshares, said the decline in inflows shows that investors have taken a cautious approach with Bitcoin’s all-time highs.
Does the bear pull Bitcoin below the moving average, or can the buyer defend the level? How might Altcoins perform? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
S&P 500 Price Forecast
The S&P 500 Index (SPX) expanded its uptrend last week, indicating that the Bulls’ demand continues at higher levels.
Typically, after a significant resistance occurs, the price drops and the breakout level is retested. Therefore, level 6,147 can be retested. If the price rises sharply from 6,147, it means the Bulls have turned their levels to support. This increases the likelihood that the uptrend will continue. The index may then gather at 6,500.
Sellers will have to lower the price below the 20-day exponential moving average (EMA) (6,099) to weaken the bullish momentum. The index may then fall to the 50-day simple moving average (SMA) (5,904).
USD Index Price Forecast
The U.S. dollar index (DXY) emerged from Tuesday’s 96.37 level, indicating lower demand.
The callback could reach a crash level of 97.92 and the bear is expected to be actively sold. If the price drops sharply from 97.92, it means the bear is trying to convert the level into a resistor. This increases the risk of resting below 96.37. The index may then drop to level 95.
Instead, breaking through and ending close above the 97.92 level shows that the Bulls are making a comeback. The index can then rise to a 50-day SMA (99.03). This is an important level of concern, as breaking can push the index to level 100.54 and then lift the index to 102 resistor.
Bitcoin price forecast
Bitcoin has been oscillating between 20-day EMA ($107,211) and $110,530 overhead.
This tight transaction is unlikely to last for a long time. Although scope expansion is coming, it is difficult to predict the direction of the breakthrough. If the price drops and drops below the moving average, the BTC/USDT pair may drop to $104,500 and then to $100,000.
Instead, rest time exceeds $110,530, the gate is $111,980, and then reaches the neckline of the reverse head and shoulder mode. Close distance above the neckline may reduce the next area of the up and down trend to $150,000.
Ether price forecast
Ether (Ethereth) has been trapped between $2,738 and $2,323 in a few days, trying to break and maintain the above and below range prices failed.
Buyers tried to raise the price above $2,635, thus clearing the road to the rally to $2,738. Sellers are expected to defend the area between $2,738 and $2,879. If the price is lowered from the elevated zone, the ETH/USDT pair can be found on the 20-day EMA. If the price bounces from the 20-day EMA, the Bulls will try to push the couple again for $2,879.
The downside is that the EMA was resting and closed for 20 days, which suggests that the couple may extend it to the range. Sellers will return to the driver’s seat with less than $2,111.
XRP Price Forecast
Buyers manage to maintain XRP (XRP) Above the 20-day EMA ($2.20) over the past few days, this suggests the Bears lack of aggressive sales.
The 20-day EMA begins to appear, and the RSI jumps into the positive area, indicating that the path with the least resistance is the rising space. The resistor is $2.34, but it may cross. The XRP/USDT pair can climb to $2.48 and then $2.65. Buyers will have to overcome the barriers at $2.65 to start a new transfer to $3.
Conversely, if the price is lowered and below the 20-day EMA, it means the couple may be between $2.34 and $2 for a longer period.
BNB price forecast
BNB(BNB) rebounded in Saturday’s 20-day EMA ($652), indicating that sentiment is still positive and traders are declining.
The 20-day EMA and RSI rise above the upper point indicate a slightly edge on the bull’s edge. If the resistance of $665 drops, the BNB/USDT pair may rise to $675 and then to $698. The seller may present a solid challenge for $698, as its break could boost the couple to $732.
If the price is lowered and below the moving average, this optimistic view will be negated in the short term. Then, the two may drop to $636.
Solana price forecast
The Bulls managed to push Solana (sol) is above the 20-day EMA on Sunday ($149), but strives to surpass the 50-day SMA ($154).
The 20-day EMA has flattened and the RSI is just above the midpoint, indicating that there is a balance between supply and demand. If buyers push the SOL/USDT pair to over $159, they will have the upper hand. This opened the door and rose to $185. The resistance of $168 is smaller, but it is likely to cross.
The first support for the disadvantage is $145, then $137. Rests below $137 tend to be the Bears’ advantage. Then, the two may fall to $126.
Related: 4 Signs Ethereum price uptrend to $5K to work again
Dogecoin price forecast
Dogecoin(Doge) has broken EMA for 20 days ($0.16), indicating that the Bulls are making a comeback.
If the buyer keeps the price above the 20-day EMA, the Doge/USDT pair may rise to a 50-day SMA ($0.18) and later to $0.21. Sellers are expected to defend the $0.21 level, but the couple could soar to $0.26 if buyers prevail.
Instead, if the price drops from current levels and breaks through the 20-day EMA, it means the Bears are selling at every small rally. This could put the couple in $0.14 support.
Cardano Price Forecast
cardano(Aida) Has been sticking to the 20-day EMA ($0.58), indicating that the Bulls have been under pressure.
Flat 20-day EMA and RSI below the midpoint indicate that sales pressure is decreasing. If the buyer pushes the price above the 20-day EMA, the ADA/USDT pair can gather to a 50-day SMA ($0.64) and then rise to the downtrend line. The Bulls will have to push the price above the price above the downtrend line to indicate potential trend changes.
The seller will have to drag the price to $0.50 backed to complete the bearish decline triangle pattern. This may start moving down to $0.40.
Super fluent price forecast
Over the past few days, buyers have managed to keep hyperliquidity (hype) above the 20-day EMA ($38.41), indicating lower levels of demand.
However, a negative sign is that the Bulls failed to raise the price above the near-term resistance of $41.23. If the price rises from current levels or 20-day EMA and is interrupted above $41.23, it means the Bulls are back in the driver’s seat. The Hype/USDT pair may soar to the resistance zone between $42.50 and $45.80.
The first sign of the downside will be the break and close below the 50-day SMA ($36.60). This opened the door to drop to $33.25 and then later on $30.69.
This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.
