Important points
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Bitcoin’s price has fallen below the $109,588 mark but this pullback does not alter its bullish chart.
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Bitcoin’s bullish open could lead to gains for HYPE (XMR), AAVE and WLD.
BitcoinBTCThe price of remained below the level of $109,588 over a relatively quiet weekend. Analysts remain optimistic. Keith Alan, the co-founder and CEO of Material Indicators said on X in a blog post that Bitcoin remains positive It will continue to trade above the annual level of $93,500.
Bitcoin demand will likely remain high with the investments of sovereign wealth funds and exchange-traded fund, as well as publicly listed companies. Bitwise, a crypto index fund manager firm, said that in a report published recently. institutional funds could pump roughly $120 billion Bitcoins will reach $300 billion in 2026.
The long-term outlook is promising but traders should be cautious in the short term. Short-term traders may book profits if the price does not quickly rise above $109 588. Bitcoin’s recent price decline could cause several altcoins, including Bitcoin itself, to give back some of the gains they have made.
Can Bitcoin go back to $109 588, causing altcoins to rise? Let’s see which cryptocurrencies are performing well on charts if it happens.
Bitcoin price prediction
Bitcoin fell below the $109 588 breakout level on May 23. The bears then resisted attempts from the bulls on May 24 to raise the price above the overhead resistance.
Bulls again will attempt to move the price over the resistance zone between $109,588 and $111,980. The BTC/USDT could reach $130,000 if they succeed in doing so.
In the short term, the 20-day moving average exponential ($104,199), is a critical level. If support fails, then the pair might fall below $100,000. Later, it could reach the simple 50-day moving average of $94,916, which is the critical level to watch out for.
The bears pulled the price down below the 50 SMA. The 20-EMA is starting to decline, while the relative strength indicator has dipped below zero, signaling the bulls’ dominance. The price could fall below the 50-SMA and eventually to $100,000 if it continues to stay there.
If buyers push up and hold the price higher than the resistance of $109 588, they will be able to regain the control. They could challenge $111,980. Breaking above $111980 would open up the possibility of a rise to $116654.
Hyperliquid price prediction
Hyperliquid (HYPE), has risen above $35.73, which indicates that bulls are still pushing.
The HYPE/USDT could gain momentum and reach $42.25 if the price remains above $35.73. Sellers may try to stop the upward movement at $42.25 but, if bulls win out, they could take the pair to $50.
Other plans are possible for sellers. It is likely that sellers have other plans. The pair may drop as low as $32.15 where it is expected that buyers will step up.
The pair cleared the barrier of $35.73 after bouncing off the 20-EMA. It is possible that bulls will try to convert the support level if price continues above $35.73. This pair may then try to rally up to $42.25
In the short term, this optimistic outlook will be shattered if the market turns sharply down and the price breaks below the 20 EMA. This could trap many aggressive bulls and pull the pair down to $28.50, then to $32.
Monero price prediction
Monero (XMRThe bulls are still in control.
The sharp rise in price over the last few days kept the RSI above the zone of overbought, indicating that bulls are still in control. The XMR/USDT could continue its upward trend if buyers keep the price at $412.
The bullish trend will be weakened if sellers lower the price to below $375. This could encourage short-term sellers to sell, causing the pair’s price to drop towards the 20-day EMA (347). The 20-day EMA is a good indicator of a trend change.
This pair has found support near the 20-EMA. The bulls are still in charge. If the price increases above $412 then the trend could continue on to reach $456.
A break below the 20-EMA and a close beneath it could indicate that bulls have fled. The price could be pushed to the 50%-SMA by this, and the bulls will likely buy at that level. If the price bounces off the 50 SMA, it could be sold at the 20 EMA. Price turning down after the 20-day EMA increases the chances of a drop below the 50 SMA. This pair may then fall to $332.
Related: What’s the HYPE about? Hyperliquid’s ‘Solana’ moment eyes 240% gains
Aave price prediction
AaveAAVEThe retest on the 23rd of May of the $240 breakout level indicates demand at lower levels.
The bulls’ advantage is shown by the rising 20-day EMA (231) as well as the RSI, which has reached the zone of overbought. The AAVE/USDT pairs could reach the $285 mark, which should act as a resistance. The upward movement could reach $300, and then $350 if buyers surpass the $285 barrier.
It is to be expected that any pullback will see a lot of buying around the 20-day EMA. The bulls are likely to try again to break through the resistance if the price bounces off the 20 day EMA. A break below 20-day EMA will bring the bears back into the picture.
This is a critical level. The bulls would like to see the pair rise above $285 if it bounces off of the 20 EMA. They could reach $300 if they are successful.
In the opposite direction, if price falls below 20-EMA the pair may slide down to 50-SMA then later on to $240. The 20-EMA is likely to be sold after a bounce from $240. A sharp drop in price from the 20 EMA increases the possibility of a fall to $217.
Worldcoin price prediction
Worldcoin’s (WLD’s) recovery faces selling at just $1.65. A minor positive, however, is that the bulls didn’t allow the price drop below the 200-day EMA.
Buyers are in a better position when the moving averages slope upwards, and the RSI is positive. Bulls may try to force the price up again if it turns upward from either the current level, or the 20 day EMA. The WLD/USDT could reach $2.50 if they succeed. Resistance is found at $1.89. It is unlikely to be broken.
If the price drops and falls below the 20 day EMA, this positive perspective will be nullified. It is possible that the pair will then fall to its 50-day SMA of $0.99.
The price has been pushed below the 20-EMA by the bears, indicating a more serious correction towards the 50-SMA. Bulls are expected to face stiff resistance from the 20-EMA as they try to begin a recovery off of the 50-SMA. If the price moves down and below the 50%-SMA it could lead to a pair that drops as low as $1.09.
A break above and a close over the downward trend line will signal strength. This pair may then go up to 1,52 dollars and eventually to $1.65.
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Source: cointelegraph.com
