Important points
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Bitcoin’s recovery is on course, thanks to the strong demand of Bitcoin ETF spot buyers.
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BNB, HYPE, SOL, and other altcoins are leading in the ascendance of the altcoins, signaling a solid buy by bulls.
BitcoinBTCThe spot BTC ETFs (exchange-traded fund) saw a strong buying surge on Friday. $1.7 billion in net inflows this weekAccording to SoSoValue,.
Matthew Hyland is a cryptocurrency trader, analyst and investor. He noticed that the Bollinger Bands were extremely tight on a monthly basis. In a separate post, Crypto Ceasar, a popular analyst on X said that similar tightness previously led to heavy upside volatility The following are some examples of how to get started: “BTC could be in for a spicy Q4.”
Not everyone, however is optimistic about BTC. CryptoQuant analyst JA Maartun wrote on X in a recent post that BTC’s momentum was cooling As well as “8 out of 10 signals in the CryptoQuant Bull Score Index” BTC was flashing a negative sign.
What levels of support and resistance are important to keep an eye on in BTC, and other major altcoins. Find out more by looking at the charts of 10 top cryptocurrencies.
Bitcoin price prediction
BTC broke through the $113.500 resistance level on Wednesday, and continued to recover above the 50 day simple moving average (114.544) by Thursday.
BTC/USDT is facing resistance around $117,500. However, if buyers are able to overcome it, they could take the pair to $120,000 or even $124,474. Sellers may try to slow down the rise at $124.474, but a move above that level will start the trend to climb to $141,948.
To weaken bullish momentum, the bears must lower the Bitcoin price below the exponential moving average of 20 days ($112,622). If the pair falls to $107,000 then buyers will likely step up.
Prediction of Ether prices
EtherETHThe bulls overpowered the bears in Friday’s narrow-range trading.
Bears are predicted to sell off heavily at the $4.957 mark. The chances of an upward breakout are improved if the price drops from $4.957 and then bounces off $4.500. The pair ETH/USDT could surge towards $5,500.
If the pair breaks down below $4.250 and turns downward, this indicates that bears will sell on any minor rallies. Ether’s price may then fall to $4,060, and subsequently, to $3,500.
XRP price prediction
Bulls have pushed the XRP price (XRPThe market closed above the trendline on Thursday, but is struggling to maintain the momentum from the breakout.
It is possible that the bullish breakout was a bulltrap if price breaks down below 20-day EMA. They will try to drag the pair XRP/USDT to $2.73, which is a solid support.
If the price breaks through $3.15 and turns upwards from the 20 day EMA, this signals a shift in the sentiment, from one of selling at rallies, to purchasing on drops. The price of the XRP coin could rally up to $3.40.
BNB price prediction
BNBBNB( ) reached a new record high of all time on Friday. This indicates that bulls want to continue building upon their current advantage.
BNB/USDT could reach the psychological $1,000 level if buyers keep the price at $900. The sellers are likely to defend $1,000 with vigor, but if the buyers hold the 20-day EMA (868) as they go down, this signals a good sentiment. BNB may resume its uptrend towards $1,090.
The optimistic view of the future will not be validated in the immediate term if this pair falls below the 20 day EMA. Price may drop to 50-day SMA (834).
Solana price prediction
Solana (SOLAfter breaking through the resistance of $218, the stock is now marching towards the $260 mark.
In the zone of resistance above $240-$260, sellers will likely be a major challenge. Bulls may try to stop the decline at the 20-day EMA (209) if the price drops from the resistance zone. They will increase the chances of breaking above $260 if they succeed. SOL/USDT could surge up to $295.
Close below 20-day EMA is the first indication of weakness. This suggests short-term traders are taking profits. Solana’s price could then fall to its uptrend line.
Dogecoin price prediction
Dogecoin buyers try to keep it alive.DOGEStrength is shown by a price above $0.26.
Bears must defend the critical $0.29 resistance level. The pair may start an uptrend towards $0.44 if buyers push the price over $0.29.
This assumption is incorrect. If the Dogecoin prices drop sharply below the resistance overhead, the pair may remain in a range between $0.29 to $0.14.
Cardano price prediction
Cardano (ADAThe bears will not give up so easily.
If they succeed, several aggressive bulls may be trapped and the ADA/USDT pair will fall to the support line. They may be able to trap several bulls, bringing the ADA/USDT to support.
If, on the other hand the Cardano Price bounces off of the 20-day EMA (0.85) it indicates that the Bulls are now in charge. They will attempt to push it to $0.96 before pushing onwards to $1.02 – where they are likely to be pushed by the bears.
Related: Here’s what happened in crypto today
Chainlink price prediction
ChainlinkLINK() broke through the $24 resistance level on Thursday. This indicates that bulls may be trying to stage a comeback.
Watch out for the support of the 20-day EMA ($23.36). The LINK/USDT could reach the upper resistance level of $26-$28 if buyers keep the price above 20-day EMA.
A break-and-close below the 20 day EMA indicates a lack in demand for higher prices. Chainlink could fall below the 50-day SMA (21.84), and eventually to the trendline.
Hyperliquid price prediction
After breaking through the resistance of $49.88, Hyperliquid (HYPE), continued to rise. This indicates that bulls are still in demand.
The rally had pushed RSI in the overbought area, which increased the risk of a fall back toward the breakout $49.88 level. The bulls are still in control if the price bounces off $49.88 with force. HYPE/USDT could attempt to rally towards the target pattern of $64.25.
The sellers are more than likely working on other ideas. The sellers will try to lower the price under the 50-day SMA (44.68 dollars), which signals a temporary top.
Sui price prediction
Sui (SUI() is approaching the downward trend line where sellers will likely mount a vigorous defense.
The price turning down and bouncing off of the 20-day EMA (3.48$) signals a positive mood. It increases the chances of the price breaking through the downtrend. The bearish setup would be invalidated and the SUI/USDT could rise to $4.18.
To keep the Sui inside the triangle, sellers will need to lower the Sui’s price below its 20-day EMA. If the bears can lower the price to below $3.11, they will win.
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Source: cointelegraph.com
