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

The following are key points.

• Bitcoin dropped below $109.588, but the technical charts indicate that traders buy every dip.

• The risk of an abrupt correction is increased by excessive leverage when trading Bitcoin futures.

• Select altcoins are now below their overhead resistance level, indicating that bears will continue to sell on rallys.

Bitcoins (BTCInvestors are still interested in Bitcoin, with the US spot exchange-traded funds experiencing a strong performance. The US Bitcoin ETFs are still attracting a lot of interest from investors. inflows of $934 million on May 22 According to SoSoValue, there were 608 millions dollars on May 21.

Glassnode stated that the record-breaking high of $109 588 led to an overall total profit-taking volume of roughly $1 billionThe price rise above $100,000 was much less than $2 billion in December. The investors have a positive outlook for the future.

Peter Brandt is a veteran investor who said on X in a blog post that Bitcoin had hit its target to hit between $125,000 and $150,000 By the end of August.

Strong rallies attract speculators to take on more leverage. CoinGlass shows data that Bitcoin futures open interest rose On May 23, the market capitalization was just over 80 billion dollars. Leverage is a risky strategy, as it increases the likelihood of liquidation when there’s a sudden drop in prices. Traders should therefore exercise caution.

What is the support level for Bitcoins and other altcoins that are critical? Find out by analyzing the charts for the 10 most popular cryptocurrencies.

Bitcoin price prediction

The aggressive bulls may be trapped by sellers who are trying to maintain the price under the $109,588 breakout level. The price could be pulled to the exponential moving 20-day average (103.652).

An impulsive bounce from the 20-day EMA indicates that sentiment is positive, and that traders are still buying dips. They will again try to restart the trend by pushing the price over $111,980. If the bulls can do it, they could push the BTC/USDT to the goal of $130,000.

First, a drop below the EMA of 20 days will indicate weakness. The path is now clear for the pair to drop down to $100,000, a psychologically important level. The $100,000 mark is expected to be fiercely defended by buyers, as a breach below this level could send the pair down to the 50 day simple moving average (94,001).

Price prediction for Ether

EtherETHThe bears are defending that level with vigor.

The ETH/USDT could fall to the 20 day EMA (2,388). This is a crucial support that should be watched. The bulls are likely to try and clear $2,738 again if they can successfully rebound off of the 20-day EMA. They could take the pair to $3,000 by doing this. At $2,850 there is some resistance, but that is likely going to be overcome.

In the short term, this positive outlook will be nullified if the pair continues to drop and the price breaks below the 20 day EMA. The pair might drop to $2.323, and then $2.111.

XRP price prediction

The XRP currency (XRP( ) is still stuck in the range of $2.65-$2.25, which indicates a balance between demand and supply.

The 20 day EMA ($2.35) has flattened out and the RSI (relative strength index) is close to the midpoint. This suggests that the XRP/USDT could extend its range stay for a few days.

If the price closes above $2.65, it will create a bullish head-and shoulders pattern with a $3.70 target. A breakdown below the $2 mark indicates that the bears may have beaten the bulls. This increases the probability of a fall to $1.60, and then to $1.27.

BNB price prediction

BNBBNBThe bearish trend was evident when the price fell sharply on the 23rd of May from $693, indicating aggressive sales by the bears.

As can be seen by the tail of the candlestick, the BNB/USDT pairs bounced off its 20-day EMA (647). The long tail on the candlestick shows that solid purchasing was done at lower levels. The bulls are going to try and push the price back above $693. The pair may then rocket to the $732-$761 zone of resistance.

The bulls may be taking profits if they see the price turn down or break below the 20-day EMA. This pair could then crash to the 50 day SMA (612).

Solana price prediction

Solana (SOL() broke through the resistance of $180 on the 23rd May, but bears have a very strong position at $185.

The 20-day EMA is upsloping ($167), and the RSI (positive zone) indicates that the upward path will be the easiest. SOL/USDT may reach up to $210 if the buyers hold the price at $185.

In contrast to this, if price breaks down below the 20 day EMA and turns downward, then it indicates that bulls have fled. This increases the likelihood of a fall to the 50 day SMA ($147).

Dogecoin price prediction

DogecoinDOGE( ) has turned downwards from the $0.26 resistance level on the 23rd of May, indicating the bears’ fierce defense.

This pair may drop to the 20 day EMA ($0.21) which is a crucial support. The 20-day EMA is a good indicator of a strong sentiment. This increases the chances that the pair will break through $0.26. The pair may rally up to $0.35 if that occurs. Resistance is at $0.29 but this is expected to be overcome.

In the short term, this view could be invalidated if prices drop and break below $0.21. This suggests that the price could be in a range between $0.14 to $0.26.

Cardano price prediction

Cardano (ADA) bounced off the neckline of the inverse H&S pattern, but the bulls could not clear the overhead obstacle at $0.86.

When the price breaks lower than the neckline it indicates that there are bears active on higher levels. The ADA/USDT couple could reach the 50-day SMA (0.69) before dropping to a solid support level of $0.60.

A solid bounce from the 20-day EMA (0.75 $) shows that demand is at lower levels. Bulls will try to push the price back above $0.86. The pair may reach $1.00 if they are successful.

Related: Bitcoin’s new all-time high has traders asking: Is BTC price overheating at $111K?

Sui price prediction

Sui (SUI() on the 22nd of May, above the resistance level of $4.25. This indicates that the bears have been aggressively defending this level.

It is possible that short-term investors were tempted to take profits after the price failed to surpass $4.25. The price fell below the 20 day EMA ($3.73). The SUI/USDT could fall to the 50 day SMA ($3.09) if the price remains below the 20-day EMA.

If, on the other hand, the price breaks through $4.25 and turns upwards from the 20 day EMA, this indicates a resumption in the upward trend. It is possible that the pair will climb up to $5, and then to $5.37 where bears may step in.

Hyperliquid price prediction

Hyperliquid (HYPE) soared above the stiff overhead resistance of $28.50 on May 22, indicating the start of the next leg of the up move.

On May 23, the bulls were able to push the price over the resistance level of $35.73, but the longer wick shows that the bears have been defending the area. If the buyers are not willing to give much ground to bears, the pair HYPE/USDT may surge up to $42.25

Bears have run out of time. The bears will have to quickly drag the price below the 20 day EMA ($26.32) if they are to succeed in making a comeback. The pair is nearing a new local high of $37.59.

Chainlink price prediction

ChainlinkLINKThe bulls struggle to maintain momentum.

Bears try to bring the price down into the channel. Price skids under the neckline suggests the breakout above resistance may have been bull trap. The LINK/USDT pairs could drop to $13.20. This would keep the price trapped in the channel.

In contrast, a strong bounce of the resistance level indicates that bulls want to convert the support line into a new one. The pair may rise up to $18 before settling at $19.80.

The article is not intended to provide investment advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making a final decision.