Important points
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Bitcoin prices saw profits near $105,819. This shows that there are still bears active in the market at high levels.
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Investor interest in certain altcoins has continued to grow.
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After the US-China Trade Deal, the SPX and DXY have caught up to Bitcoin.
BitcoinBTC) has started the new week on a cautious note, falling below $103,000, but the S&P 500 Index (SPX) and the US Dollar Index (DXY) have risen sharply following the announcement of the US-China trade agreement. The sharp rise in the US Dollar could also be a factor.
Bitwise European Head of Research André Dragosch said in a post on X that the firm’s proprietary indicator has reached its highest level since 2024. In the past, high levels have been associated with a short-term correction or sideways price action.
Long-term investors have continued to add Bitcoins to their portfolios despite the short-term uncertainties. Michael Saylor’s Strategy acquired 13,390 Bitcoin Between May 5 and 11, the average price was $99,856. This latest acquisition has increased the company’s total to 568.840 Bitcoin.
What are some of the most important support levels for Bitcoins and altcoins to keep an eye on? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
S&P 500 Index price prediction
The S&P 500 Index gapped up sharply on May 12 and rose above the stiff overhead resistance at 5,800.
The time is ticking for bears. They will need to defend 5,800 and drag price quickly below the exponential moving average of 20 days (5,570) if they wish to stop the upward trend. The index may start to correct further towards 5,400, if the traders manage this.
If the price is above 5,800 then the upward movement may continue towards the 6,000-level. At 6,000 there could be a small halt, but the index, if it is pushed by the bulls, could reach its all-time highest at 6,147.
US Dollar Index price prediction
US Dollar Index pierced 20-day EMA on May 8th, indicating that bears have lost their grip.
On May 9, sellers tried to lower the price below the EMA of 20 days, but bulls held firm. Index has now reached its 50-day moving average (102.08), which will act as resistance.
The price turning down away from the SMA 50 days but finding support at the EMA 20 days suggests a strong sentiment. It increases the chances of a rally up to 103.54, and later to 104.68.
Bitcoin price prediction
Bitcoin’s price has fallen from $105,819 to $107,000, showing that the bears have defended the $107,000 – $109,588 area.
First support is $100,000, then the 20-day EMA (97,238). The bulls are going to try and push the BTC/USDT back above the $109,588 mark if price rebounds from the zone of support. They could reach $130,000 if they succeed.
This is a sign that the buyers have booked profits. The price could fall as low as $93,000 or even lower to the SMA of 50 days ($89.302).
Price prediction for Ether
EtherETHBulls try to maintain the price over $2,550 but bears keep up selling pressure.
If the price drops below $2.435, it is possible that the pair ETH/USDT will fall as low as $2.320. The bulls are likely to try and resume their upward move if the pair rebounds from $2,320. Resistance is found at $2,850. However, if this is overcome, the pair may reach as high as $3,000.
If the price breaks down below $2.320 and turns downward, this suggests that bulls are taking profits. This pair could drop down to $2,111. That level is expected to be a strong support.
XRP price prediction
It is a cryptocurrency that allows you to buy and sell XRP.XRPThe bulls held the level of breakout on May 11, and broke the resistance line.
The bulls’ position has been strengthened by the recent price rise above $2.50. The minor resistance is at $2.65. If the level were scaled down, then the rally would reach $3. This move could indicate a possible trend change.
If the price drops sharply below $2.65, and then breaks the 20-day EMA, ($2.27) it could signal a range in the short term. For a while, the XRP/USDT could fluctuate between $2.65 and $2.65.
BNB price prediction
BNBBNBThe price of the, which was $679 in May 10, has fallen to $644 but is rebounding from that level on May 12.
The candlestick’s long wick shows that sellers were near $700. The bulls are likely to try again to push the BNB/USDT to $745 if the price remains above $644.
The bulls must be weakened by sellers lowering the price to $644. This pair may then drop to the 20 day EMA (621). The 20-day EMA is expected to be defended by buyers because a move below could tip the balance in the favor of bears.
Solana price prediction
Solana’s (SOLThe bulls are not giving up much to the bears.
If the price pulls back, it increases the likelihood of a continuation of the rally. The SOL/USDT could reach $210 if buyers push the price over $180.
If the price falls below $168, it will find immediate support. The pair may descend as low as the 20-day EMA (155). If the price bounces back strongly from the 20 day EMA, it suggests that the bulls still have control. This increases the probability of a breakout above $180. If the break is below $153 then sellers will have an advantage.
Related: Bitcoin set for $150K BTC price rally as US, China agree to slash tariffs
Dogecoin price prediction
DogecoinDOGEThe price of a pound fell from 0.26 to $0.10 on 11 May, indicating that short-term investors booked profits.
It is expected that the bulls will aggressively defend their breakout level at $0.21. It is a sign that bulls are in control if price is able to rebound strongly from $0.21. The pair DOGE/USDT could climb up to $0.31.
In contrast, a close and break below $0.21 suggests that the bears continue to be active. This pair may then fall to its moving averages, which could indicate a potential range in the short term between $0.14-$0.26.
Cardano price prediction
Cardano (ADAThe resistance is near $0.86. This is not a bad sign, as the bulls did not give up much to the bears.
The 20-day EMA has begun to rise, while the RSI indicator is close to the overbought zone, indicating a buyer’s advantage. Bulls are likely to try and push the ADA/USDT above $0.856 if the price rebounds from the neckline. They could reach $1.01 if they are successful.
Sellers who want to stop the upward trend will need to quickly pull the price down below the moving averages. The pair may fall to $0.58, a solid support.
Sui price prediction
Sui (SUIThe price of ) has been pushed down to $4.25. This is a negative sign, as the bulls are still holding the price at $3.90.
Both moving averages slope up and the RSI nears the overbought area, indicating that there is a path to take on the upside. The SUI/USDT could reach $5 if buyers break through the $4.25 mark.
First, a breach and close beneath the $3.90 mark will indicate weakness. This opens up the possibility of a drop to the 20 day EMA (3.48). The positive momentum is still intact if the price bounces off of the 20-day EMA. Bulls will try again to break the $4.25 overhead barrier.
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Source: cointelegraph.com
