Key points:
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Bitcoin’s trading range is tight, indicating a possible breakthrough in the coming days.
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Buyers don’t have much ground in the Ether Bears, which shows the continuation of the rally.
Bitcoin (BTC) has been in a tense range between $112,000 and $115,720 for the past few days, indicating the hesitation between the bull and the bear.
Bitfinex analysts said in a market report that the weakness of BTC and the decline in most Altcoins indicate “speculative appetite.” Analysts expect Cryptocurrency market enters a merger periodbut added that new macro triggers or increased funds flowing into crypto exchanges can determine the direction of the next move.
BTC’s recent price action is Don’t instill confidence in some analystsbut Fundssttrat’s co-founder and Bitmine chairman Tom Lee remains bullish. Lee said about the Coin Story podcast BTC could surge to $200,000 or even $250,000 By the end of the year.
Can BTC be separated from its tight range? Will AltCoins follow BTC higher? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price forecast
On Tuesday, BTC broke away from the 50-day simple moving average ($112,619), indicating that the Bulls are vigorously defending their level.
Expected to face relief gatherings in the 20-day SMA ($116,804) facing sales. If this happens, the BTC/USDT pair may squeeze between moving averages for a while.
If buyers drive and keep the price above the 20-day SMA price, they will gain a huge advantage. If they can achieve this, the two could challenge $120,000 indirect costs and then challenge the all-time high of $123,218.
Instead, the rest time for SMAs below 50 days can open the door, drop to $105,000, and then $100,000. There is $110,530 in support, but it may be broken.
Ether price forecast
The buyer pushed the ether (eth)Mount is a 20-day SMA ($3,675) but it is not possible to clear the barrier at $3,745.
However, secondary is that the bull did not cut too much for the bear. This suggests that the Bulls have maintained their position as the Bulls expect another move higher. If the price is $3,745, the ETH/USDT pair can rise to $3,941 and end up at $4,094.
If the price is lowered and below the 61.8% Fibonacci retraction level is $3,300, this positive view will be invalid in the short term. This opens the door to the 50-day SMA ($3,058).
XRP Price Forecast
xrp(XRP) emerged from Sunday’s 50-day SMA ($2.69) but faced sales near the 20-day SMA ($3.16).
This shows that the bull is buying on the fall and the bear is selling at the rally. This may make the XRP/USDT pair stick between moving averages for a while.
Buyers will have to raise the price above the 20-day SMA to indicate that the correction phase may have ended. The two could rise $3.33 to eventually reach $3.66.
Additionally, the SMA signal below 50 days indicates that the Bulls have lost their grip. Then, the two may drop to $2.40.
BNB price forecast
BNB’s (BNB) Relief Rally faces 20-day SMA sales ($774), but a positive sign is that the Bulls are under pressure.
If the price rises for more than 20 days, the BNB/USDT pair may climb to $794. Sellers will once again try to stop UP moving for $794, but if the Bulls prevail, the couple could rise to $815 and then $861.
Conversely, if the price drops sharply from the 20-day SMA, it means the Bears are defending the level. This increases the risk of resting to support less than $732. If this happens, the couple may make a promise to a 50-day SMA ($706).
Solana price forecast
Solana (sol) fell again to the 50-day SMA ($162), indicating that the relief rally was sold to.
Flat moving average and RSI Below the midpoint, there is no obvious advantage for both bulls and bears. If the price rebounds with a 50-day SMA, the Sol/USDT pair may rise to a 20-day SMA ($178).
If the price rises above $185, the short-term advantage will tend toward the bulls. This opens $209 for retesting the critical overhead resistance door. On the downside, resting below $155 could bring the couple down to $144 and then down to $137.
Dogecoin price forecast
Buyers managed to defend a 50-day SMA ($0.19) but are working to push Dogecoin (Doge) Resistors above $0.21.
Both moving averages have flattened, with the RSI below the midpoint, which represents the action of distance binding in the short term.
If the price rises and falls above $0.21, the Doge/USDT pair can climb to a 20-day SMA ($0.22). Sellers are expected to defend the 20-day SMA and hold it between moving averages for a while.
Related: As OTC tablecloths dry, Bitcoin supply shakes to “Uncork” BTC price
If the Bulls fail to defend the 50-day SMA, the Doge Price may drop to $0.17 and then drop to $0.14 at $0.14.
Cardano Price Forecast
cardano(Aida) rebounded in Sunday’s 50-day SMA ($0.68), but the relief rally sold for $0.76.
The flat moving average and the RSI below the midpoint indicate that the range action was taken in the short term. Over the next few days, the ADA/USDT pair can swing between moving averages.
If sellers drop their SMA for 50 days, they will gain the upper hand. If they manage to do this, the ADA price may jump to $0.56. Conversely, an increase in SMA ($0.79) over 20 days could raise Cardano’s price to $0.86.
Super fluent price forecast
Hyperliquid (Hype) relief has accumulated from $35.51 near the 50-day SMA ($40.99), indicating that this sentiment has turned bearish and traders are selling at the rally.
The moving average is on the brink of bearish crossovers, and the RSI is in a negative territory, indicating that the bear is trying to grab control. If the price is below $35.50, the hype/USDT pair may drop to $32.
In any bounce, the seller is expected to defend the area between the 50-day SMA and the channel support line. Buyers will have to restore the hype price to the channel to indicate that the correction phase may have ended.
Excellent price forecast
star(XLM) Rejected from Monday’s 20-day SMA ($0.42) which suggests the Bears are being sold at the rally.
The XLM/USDT pair could drop to a 50-day SMA ($0.34), which is likely to attract buyers. Bounces from a 50-day SMA to make this pair last for a while between moving averages.
The next trend move is expected to start with a breakthrough below 20-day SMA or 50-day SMA. A rally with SMA signals above 20 days may end, while a slide below 50 days of SMA may drop the XLM price to $0.29.
SUI price forecast
sui(Sui) has returned to the 50-day SMA ($3.32), indicating that the bears are under pressure.
The 20-day SMA ($3.75) has begun to reject, with RSI below level 45, indicating a slightly edge on the edge of the bear. Sellers are expected to defend a 20-day SMA in any rebound. If the price drops from a 20-day SMA, the likelihood of a 50-day SMA may increase. The SUI/USDT pair could then fall to $2.87 and then to $2.65.
Buyers will have to raise the price above the 20-day SMA to prevent a decline. If they do, Sui Price may start relief to $4, eventually sending out overhead resistance for $4.30.
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.
