Important points
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The bears are expected to put up a strong resistance at higher levels.
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BTC and some altcoins may see rangebound movement for a couple of days.
Bitcoin) is a currency that has been adopted by the US stock markets.BTCAltcoins and cryptocurrencies are fighting to recover after the massive drops on Friday, following US President Donald Trump’s speech. announcement of a 100% tariff on China.
A brutal fall caused a serious injury. 24-hour liquidation of about $20 billionCoinGlass’ data suggests that. Without proper risk management, several highly leveraged traders would have suffered massive losses.
It has also cleared out the excess froth, which will allow stronger long-term traders to take advantage of dips. A rebound is underway, but it may take some time for a rally to get out of control.
Timothy Peterson, an economist at Cointelegraph told the publication on Sunday that BTC would likely enter the mainstream. “cooling off period” Three to four weeks before resuming its uptrend, albeit “at a slower pace than before.”
Will higher prices attract buyers or sellers, and could BTC/altcoins continue to recover? We’ll find out if we analyze the charts on the top 10 crypto currencies.
S&P 500 Index price prediction
The S&P 500 Index (SPX) turned down sharply and broke below the 20-day exponential moving average (6,652) on Friday, indicating profit-booking by traders.
Bulls have bought the drop to the 50 day simple moving average (6,538). They then pushed it to the exponential moving (EMA) of 20 days. The bears may try again to lower the index below 50-day SMA if the price drops sharply after the 20-day EMA. The correction may reach 6,350, and then 6,200 if they are successful.
The correction could be ending if price is above 20-day EMA. It is possible that the index will then test its all-time peak of 6,764.
US Dollar Index price prediction
The US Dollar Index closed Tuesday above its moving averages, signaling the loss of the bears’ grip.
On Thursday, the bulls were able to push the price over the downward trend line. However, they have not been able to maintain the momentum. It is likely that sellers will try to lower the price to below the EMA (20-day), which is a key short-term value to monitor.
The possibility of a breakout above 100.50 increases with a strong bounce from the 20-day EMA. It could climb up to the level of 102.
In contrast, closing below the moving-averages implies that the market has rejected the breaking above the trendline. It is possible that the index will then fall to the level of 97 and eventually to the strong support at 96.21.
Bitcoin price prediction
Sellers of BTC failed to create a two-top pattern as they could not close the BTC transaction below $107,000.
Bitcoin dropped below $102,000 Friday. However, it quickly recovered, which indicates that buying is possible at lower prices. BTC/USDT will likely face selling near the Fibonacci Retracement Level of $116.955, which is 61.8%.
The pair may rally to $126.199, then $121,020 if the buyers are able to overcome the resistance.
If the price drops sharply below the current level it will likely find support around $109,500, and then $107,000. The $107,000 mark will be fiercely defended by buyers, as a breach below this level increases the likelihood of the price falling below $100,000.
Price prediction for Ether
Sellers pull EtherETH() were below the channel pattern of descending channels on both Friday and Saturday, but they could not maintain the lower levels.
On Sunday, the Ether price returned to its channel. This indicates that there is a strong demand for lower prices. Bears will try to lower the ETH/USDT price if it drops below moving averages. The pair could have reached a peak in the short term if they are successful.
In contrast to the assumption made, the breaking of the price above the moving averages signals the possibility that the pair will remain within the channel. Breaking and closing above the resistance line increases the chances that the upward trend will resume.
BNB price prediction
BNBBNBIn the past couple of days, there has been a significant amount of volatility. On Friday the bears pushed the price down to the 20-day EMA (1,145), but on Saturday the bulls regained the level.
It suggests that the market is positive, and dips in price are viewed positively. BNB’s price soared to an all-time record of $1375 on Monday but bulls struggle to maintain the high levels. This indicates that you should sell on rallies.
The bears are going to try and strengthen their positions by pushing the price below the 20 day EMA. It would be a sign of a temporary top if they were able to pull the price back below the 20-day EMA.
If the price is rising and closing above $1350 it indicates that bulls are still in charge. BNB/USDT could then rise up to $1 609.
XRP price prediction
It is a cryptocurrency that allows you to buy and sell XRP.XRPOn Friday,, completed a bearish ascending triangle setup and plummeted well below $1.72 as the target pattern.
The XRP has made a strong recovery since the low of $1.25, which signals aggressive buying. It is anticipated that the relief rally will reach the 20 day EMA ($2.77) where bears may step in. The XRP/USDT could fall to $2.20, and then to $2.
To signal a recovery, the bulls need to push the price over the downward trend line. The rallies may be bought in until that time.
Solana price prediction
Solana (SOLOn Friday, the ), fell below an ascending channel pattern. The bears may be trying to seize control.
Buyers did not quit and purchased the dip at $168. This triggered a rapid recovery Sunday and pushed the SOL/USDT to its breakdown from the channel.
Related: XRP rebounds 66% from price crash, regaining $75B in market value
The price dropping below $168 signals a change in sentiment. This increases the probability of a fall to $155
Bulls are back on the field after the Solana Price is pushed above the moving Averages. After that, the pair might rally towards $260.
Dogecoin price prediction
Dogecoin sellers pull out (DOGE() on Friday, but failed to close the day below this level.
Dogecoin’s price has recovered quickly and is now back in the huge range of $0.14-$0.29. Bulls are likely to try and push price towards the 20-day EMA, or $0.23. This could bring in sellers. If the price drops to below the 20-day EMA ($0.23), DOGE/USDT may decline as low as $0.18 or even $0.16.
After the pair closes at $0.29, or $0.14, a new trend could start. Before then, it is expected that the pair will oscillate in the middle of the range.
Cardano price prediction
Cardano (ADAThe price of, which is currently trading at $0.27 per share, plunged below its descending channel on Friday.
Bulls have been buying at lower levels, pushing the price up to the breakout level of the channel. The sellers are likely to be active in the area between the resistance line and 20-day EMA (0.78).
Cardano’s price dropping sharply after the resistance zone indicates that bears are still in charge. The ADA/USDT pairing could fall to $0.60 or even to $0.50.
In the short term, this negative outlook will be nullified if price rises and crosses above resistance.
Hyperliquid price prediction
Hyperliquid’s (HYPE) stock completed an upside-down head-and shoulders pattern Friday. It then plunged down to the target of $21 per share.
Solid buying at lower levels has pushed the price back to the neckline of the H&S pattern, where the bears are expected to mount a strong defense. The sellers are going to try and sink the pair HYPE/USDT below $35.50 if the price starts falling from the neckline. The Hyperliquid price may fall to as low as $30.50 if they are successful.
It is likely that buyers have different plans. They may try to drive the price higher than the moving averages. This could indicate the end of the corrective phase.
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.
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Source: cointelegraph.com
