BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX

HomeCrypto News

BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX

Key points:A Bitcoin price close above $105,000 could accelerate momentum and trigger a rally to $130,000.Ether continues to gain strength, which is b

Key points:

  • A Bitcoin price close above $105,000 could accelerate momentum and trigger a rally to $130,000.

  • Ether continues to gain strength, which is being mirrored by many altcoins.

Bitcoin (BTC) has been consolidating between $100,718 and $105,819 for the past few days, indicating a balance between supply and demand. A positive sign is that the price has held above the psychologically crucial $100,000 level, signaling that the bulls are hanging on to their positions as they anticipate another leg higher.

Market intelligence firm Santiment highlighted in a post on X that the failure to rise above $105,000 has caused impatience among retail traders, which “historically is a bullish sign for prices.”

Crypto market data daily view. Source: Coin360

However, repeated failure to push the price to the all-time high of $109,588 could tempt short-term buyers to book profits. That puts the $100,000 support at risk of a breakdown. If that happens, Bitcoin could be in for a deeper pullback.

Could buyers drive the price to a new all-time high, pulling select altcoins higher? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price prediction

Bitcoin bulls are struggling to propel the price above the $105,000 overhead resistance, but a positive sign is that the $100,000 support has held.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

The upsloping 20-day exponential moving average ($99,416) and the relative strength index (RSI) in the overbought zone signal that bulls remain in control. If the price closes above $105,000, the BTC/USDT pair is likely to break above the $109,588 resistance. If that happens, the pair could surge to $130,000.

Time is running out for the bears. If they want to make a comeback, they will have to swiftly yank the price below the 20-day EMA. If they do that, the pair could plunge to the 50-day simple moving average ($90,628).

Ether price prediction

Ether’s (ETH) pullback is finding support at the breakout level of $2,550, signaling that every minor dip is being purchased.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

If the price turns up from the current level and breaks above $2,750, the ETH/USDT pair could resume its up move. There is resistance at $2,860, but it is likely to be crossed. The pair could then climb to $3,000.

The $2,400 level is the crucial support to watch out for on the downside. A break below it could sink the pair to the 20-day EMA ($2,225). If the price rebounds off the 20-day EMA, the bulls will again try to resume the up move.

XRP price prediction

XRP (XRP) has reached the resistance line after turning down from the overhead resistance of $2.65 on May 14.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

If the price dips below the resistance line, it suggests that the bullish momentum has weakened. That increases the likelihood of a range-bound action between $2.65 and $2 for a few days.

Conversely, a solid bounce off the resistance line signals that the bulls are attempting to flip the level into support. Sellers may pose a solid challenge at $2.65, but if the bulls prevail, the XRP/USDT pair could reach $3.

BNB price prediction

Buyers have successfully defended the $644 level in BNB (BNB), but the failure to start a strong rebound suggests that the bears have kept up the pressure.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

The zone between $644 and the 20-day EMA ($631) is expected to attract buyers. If the price turns up from the support zone, the bulls will strive to kick the price to the overhead resistance at $693.

On the contrary, a break and close below the 20-day EMA signals that the higher levels are attracting solid selling by the bears. The BNB/USDT pair could then plummet to the 50-day SMA ($604).

Solana price prediction

Solana (SOL) is facing stiff resistance at $180, but a positive sign is that the bulls have not ceded much ground to the bears.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

The upsloping 20-day EMA ($161) and the RSI in the positive zone indicate the path of least resistance is to the upside. If buyers propel the price above $185, the SOL/USDT pair could resume its uptrend and travel to $210.

The 20-day EMA is the critical support to watch out for on the downside. A break and close below the 20-day EMA suggests that the bulls are rushing to the exit. The pair could then decline to the 50-day SMA ($140).

Dogecoin price prediction

Dogecoin (DOGE) is attempting to bounce off the breakout level of $0.21, signaling demand at lower levels.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

The upsloping 20-day EMA ($0.20) and the RSI in the positive territory suggest that buyers are in command. A break and close above $0.26 indicates the resumption of the up move. The DOGE/USDT pair could then rally to $0.31.

Sellers will have to tug the price below the 20-day EMA to invalidate the bullish view. The pair could then tumble to the 50-day SMA ($0.17), suggesting a possible range formation in…

cointelegraph.com