Bitcoins and Altcoins Drop Ahead of FOMC but Chart Fundamentals Strong

The following are key points.

• Bears might be staging a comeback as buyers struggle to keep up with the BTC recovery.
• A number of major altcoins may fall below their respective support levels in the short term, which could indicate a more severe pullback.

BitcoinBTC() rose above $77,000 on Wednesday. However, the candlestick’s long wick shows that the price fell on the rally. In a recent post by X, On-chain Analyst Willy Woo stated that BTC needs to close above the $79,000 Cost basis of recent investors will strengthen recovery. Woo said that BTC had only 30% of achieving $79,000 or more in this effort.

CRYPTOWZRD also expressed caution in its June post, highlighting the risk of a downside. CRYPTOWZRD wrote in a post to X about historically BTC has corrected for a few months After the new Federal Reserve chairman takes office. Kevin Warsh is set to become the Fed’s chairperson in May. Could BTC be affected? “break the curse,” Or will there be a last dip? 

Daily view of crypto market data Source: TradingView

Analysts remain divided about BTC’s prospects In the short term. Others predict a decline below $50,000 and as low as $30,000 in the near term. While anything is possible on the crypto markets, traders are advised to keep an eye out for crucial levels of support and resistance rather than getting overly pessimistic or optimistic based upon target projections.

BTC, and other altcoins be able to stay over their immediate support level? Find out what the chart of top 10 crypto currencies says.

Bitcoin price prediction

BTC jumped off of the 20-day moving average ($75478), but bulls couldn’t sustain higher levels. 

BTC/USDT Daily Chart Source: Cointelegraph/TradingView

Near-term, the most important support is 20-day EMA. BTC’s price will rebound off of the 20-day EMA if it breaks through $80,000. This signals the bulls that they have turned the $76,000 support level into a stronghold. BTC/USDT may rise to $84,000.

In the short term, this positive outlook will be negated if the price breaks the 20-day EMA and continues to fall. The bears may be active in higher levels. It is possible that the pair will then fall to the simple 50-day moving average ($72.086), and then to the support level.

Price prediction for Ether

Ether, the cryptocurrency used by buyers to make payments is being sustained.ETH) above the 20-day EMA ($2,291), but the bears continue to exert pressure.

Chart of ETH/USDT for the day. Source: Cointelegraph/TradingView

It is a sign that the bears will be back if ETH prices continue to drop and break below the moving ranges. The ETH/USDT could then fall towards the support line where buyers may step in.

In the opposite case, the rising price from the moving-averages indicates the lower prices are attractive to buyers. It is possible that the pair will rise up to $2 465, and then reach the resistance line in the ascending-channel pattern.  

XRP price prediction

It is a cryptocurrency that allows you to buy and sell XRP.XRP() dropped below the moving-averages on Tuesday. This indicates that the bears have taken control.

Daily chart of the XRP/USDT pair. Source: Cointelegraph/TradingView

The XRP may fall to $1.27 where it is expected that buyers will mount a fierce defense. The recovery could reach the downward trend line if the price bounces off of the $1.27 level and rises over the moving averages. Close above the downward trend line indicates a possible change in direction. 

In contrast, breaking below the level of 1,27 could lead to a collapse of the February 6, 2011 low of just $1.11. It is possible that the pair will then fall to $1, and then reach support.

BNB price prediction

BNBBNB( ) is stuck in the huge range of $570 to $687. This signals buying at dips and sell on rallies. 

BNB/USDT chart for the day. Source: Cointelegraph/TradingView

RSI and moving averages are flattish, with the RSI at the midpoint. This suggests that BNB/USDT could continue to consolidate.

The buyers will win if they can push BNB prices above $687. The pair could rise to $730 and even to $790 if they succeed. A break below $570 signals a resumption in the downward trend. This pair could then crash to $500.

Solana price prediction

Solana (SOL( ) is trading in a narrow range of $82.65 to $90.73, which indicates a balance between demand and supply.

SOL/USDT Daily Chart Source: Cointelegraph/TradingView

SOL/USDT could fall towards the $76 level if it breaks the $82.65 price. The $76 support level is expected to be fiercely defended by buyers, since a break below this could send the pair down to $67.

A break-through and close over the $90.73 mark would be a small advantage to the bulls. SOL may reach $98 as the resistance overhead. It is important to keep an eye on this level as any break above $98 could lead to a rally up to $117.

Dogecoin price prediction

DogecoinDOGE) bounced off the 20-day EMA ($0.10) on Monday, indicating buying on dips.

Chart for DOGE/USDT. Source: Cointelegraph/TradingView

On Wednesday, the bulls drove the DOGE to above $0.11 but the long candlestick suggests that the bears continue to be active. The DOGE/USDT could remain in a range between $0.09 and 0.12 until the 20-day EMA is broken.

If the price bounces off of the $0.10 mark, the chances for a rise to $0.12 are increased. If the price closes above the resistance of $0.12, it may indicate that the pair has bottomed in the near term.

Hyperliquid price prediction

Hyperliquid (HYPEOn Tuesday, the price fell from $43,76 (the overhead resistance) to its 50-day SMA of $39.70.

HYPE/USDT chart for today. Source: Cointelegraph/TradingView

The sellers will try to increase their profit by lowering the HYPE’s price below its 50-day SMA. The HYPE/USDT may then begin a further pullback, first to $37.77.

Bears are likely to continue their challenge at $43,76-$45.77. If buyers manage to break through the upper zone, they may be able to push the pair to $50, and even $51.43. 

Related: XRP set for ‘strongest’ 2026 monthly ETF inflows as bulls target $2

Cardano price prediction

Cardano (ADA() faces selling near the downward trend line. However, a small positive is the fact that the bulls did not give up too much to the bears.

Chart for ADA/USDT on a daily basis. Source: Cointelegraph/TradingView

This suggests that the bulls are likely to try again to raise the ADA’s price above its downtrend line. If the bulls succeed in their attempt, then they may be able to push the ADA/USDT to $0.32 or even $0.37. A move like this could signal a change in trend.

The sellers may have different plans. It is likely that sellers have other plans. Close below $0.22 indicates a resumption in the downward trend.

Bitcoin Cash price prediction

Bitcoin CashBCHThe price of jumped off $443 on Tuesday but the bulls struggle to move the price higher than the moving averages.

BCH/USDT chart for the day. Source: Cointelegraph/TradingView

The moving averages are flattish and the RSI is near midpoint. This does not favor either the bulls nor the bears. BCH’s price must remain above moving averages to increase the chances of reaching the $486 mark. The sellers are likely to defend aggressively the $486 mark, since a close over it could lead to an increase to $520.

A close below $443 may bring the BCH/USDT to a solid level of support, $419.

Monero price prediction

Monero (XMRThe bulls failed to sustain their breakout after they broke above $390 on Sunday.

Chart for XMR/USDT. Source: Cointelegraph/TradingView

The XMR fell back towards the 20-day EMA (364), where buyers stepped into the market. If the USDT/XMR pair breaks the level of $406, it will signal a new move upwards towards $500.

This assumption is incorrect. Instead, the price may stay in the $300 to $390 area for a while if it drops sharply and falls below the moving-averages.