Important points
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Bitcoin fell from $74,000, showing that bears continue to sell on rallys.
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A number of major altcoins have shown strength in recent months and may break their immediate resistance level.
BitcoinBTCThe bears were adamant in defending that level. Glassnode stated in its Week On-chain Newsletter that BTC has been stuck between realized price ($average acquisition costs of all the circulating supply), at $54,400, and true market average (the cost base of actively traded coins), at $78,000. Rally attempts are likely to witness rejection The $78,000 mark is the threshold.
Data from the past does not also support an explosive rise in BTC by 2026. Binance Research data shows that BTC has seen drawdowns 56%, 73% and 64% respectively during the US midterm election year of 2014, 2018. There is some hope, however. The two years after the midterms have seen BTC make massive gains.
BTC’s emergence as the leading cryptocurrency is a sign of optimism for the bulls. best performing macro asset The US, Israel and Iran war has been underway since then. Investors aren’t panicking, and they don’t dump their BTC. It increases the chances of BTC reaching a bottom.
Can buyers push BTC, and certain major altcoins, above the resistance level? We’ll find out by analyzing the charts for the 10 most popular cryptocurrencies.
Bitcoin price prediction
BTC rallied to the overhead resistance of $74,508 with the bears mounting a powerful defense.
This is a sign that buyers have an edge. The relative strength index has jumped to the positive side, and has remained there. The possibility that the level of $74,508 will be broken increases, and a bullish ascension triangle pattern can then be completed. BTC/USDT could then soar to $84,000.
The sellers must pull BTC’s price down below the resistance line in order to indicate a recovery. The pair could fall to the support range of $62,500-$60,000 if they did that.
Prediction of Ether prices
Sellers try to stop Ether’s (ETHThe bulls are continuing to put pressure on the market.
It is more likely that the price of ETH will rise to 2,600 if the buyers prevent the price from falling below the 20-day EMA. This suggests the downward trend may have ended.
The sellers will likely have different plans. Sellers will likely have other plans. They will try to quickly pull the price back below the 20-day EMA.
BNB price prediction
BNBBNB() has reached the 50 day SMA (680), at which point the bears will likely mount a fierce defense.
If buyers are able to overcome this barrier, BNB could rise to $730, and then to $790. The BNB/USDT may have reached its bottom at $570.
If, on the other hand, the price breaks down below the 20 day EMA and turns downwards from the SMA of 50 days, this indicates that the bears are still in control. It is possible that the pair will drop as low as $607, and then to $570.
XRP price prediction
It is a cryptocurrency that allows you to buy and sell XRP.XRP) has risen above the 20-day EMA ($1.39), indicating that the selling pressure is reducing.
It is likely that the relief rally will face selling near the 50-day SMA (1.49) and at $1.61. If XRP turns lower from overhead resistance, but bounces off the 20-day EMA it indicates a switch in attitude from sellers to buyers. It increases the chance of a rise to the downward trendline of the descending pattern.
The positive sentiment will disappear in the near future if price falls below $1.27 and the SMA 50. The USDT/XRP pair could then plunge to support.
Solana price prediction
Solana (SOLThe price of, which is currently trading at $95 per share has slowly risen above the range $76-$95. This indicates that the selling pressure on the stock is decreasing.
SOL/USDT may reach the $117 mark if the $95.95 barrier is overcome by buyers. The $117 mark is expected to be fiercely defended by sellers, but if SOL does not drop below $95, this could indicate that the pair has bottomed in the near term.
If the price falls sharply after reaching $95 it indicates the bears still have control. It is possible that the pair will continue to oscillate in a range between $95 and $76, for at least a couple more days.
Dogecoin price prediction
DogecoinDOGEIn the past couple of days,, has traded between the 50 day SMA ($0.10) level and the $0.09 price.
The narrowing of the trading range indicates a potential range expansion near-term. Close above 50-day SMA will open the door for an uptrend to $0.12, the breakout level. The DOGE price turning down below the $0.12 mark signals the possibility of a range. For a time, the DOGE/USDT may be consolidating between $0.09 to $0.12.
The $0.16 resistance is the next level to be reached, and if the $0.09 supports are broken then the trend will resume.
Hyperliquid price prediction
Hyperliquid (HYPE() closed above $36.77 on Thursday, showing that bulls were trying to seize control.
It is possible to cross the minor resistance of $38,43. The pair HYPE/USDT may move to $43 then to $50.
A close under the level of $36.77 will indicate weakness. The bears may be selling during rallies. The HYPE may fall to the 20 day EMA ($32.57), a crucial support that should be watched. Bulls may try to continue the recovery if the price bounces off the 20 day EMA. The sellers will take control if the price closes below the 50 day SMA ($30.65).
Related: Here’s why XRP bulls see an ‘explosive run’ to $2.55 next
Cardano price prediction
Cardano (ADA) has risen above the 20-day EMA ($0.27), indicating aggressive buying by the bulls.
It is possible that the 50-day SMA ($0.28) will act as resistance but this level may be breached. The ADA/USDT could then move up towards the downtrend of the descending-channel pattern. Close above the downward trend line indicates a possible short-term change in trends. This opens the way for an uptrend to $0.39, and then to $0.44.
In contrast, if the ADA prices turn sharply downwards from the line of the downtrend, then it indicates that the bears will remain sellers during rallies. This could keep the pair within the channel for a while.
Bitcoin Cash price prediction
Bitcoin CashBCH) has pierced the 20-day EMA ($471), indicating that the bulls are on a comeback.
BCH/USDT may reach the 50-day SMA (514) if the pair closes above its 20-day EMA. It is likely that sellers will defend the 50 day SMA as it allows for an increase to $6,000.
In contrast to this, if BCH’s price falls sharply below the moving averages it means that bears are still in charge. This increases the probability of a drop below $443. This pair might then plummet to $375.
Monero price prediction
Monero’s) (XMR) pullback at the 20-day EMA ($348), indicating that the dips are being viewed as a buying opportunity.
This increases the chances of breaking above the SMA 50 days ($366). The XMR/USDT may then climb up to the Fibonacci level of 414, and eventually to $452.
Bears have run out of time. To weaken the bulls, they will need to pull the XMR below $333. If the pair falls to $309, buyers will likely step in.
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Source: cointelegraph.com
