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 some rangebound movement for the next few days.
Bitcoin) is a currency that has been adopted by the US stock markets.BTC( and altcoins) are trying their best to recover from the steep drops that occurred on Friday after US President Donald Trump’s remarks announcement of a 100% tariff on China.
A brutal fall caused a serious injury. 24-hour liquidation of about $20 billionCoinGlass data shows that a number of highly leveraged traders, who lacked proper risk control, would have suffered massive losses. Without proper risk management, several highly leveraged traders would have suffered massive losses.
This has removed some of the bubbles from the market, making it easier for long-term and stronger investors to buy on 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” For three to four week before resuming its uptrend, albeit “at a slower pace than before.”
Can BTC and altcoins capitalize on the recent recovery or will higher values attract sellers? Find out by analyzing the charts for the 10 most popular cryptocurrencies.
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 bought the dip below the simple moving-average (SMA) for the past 50 days (6,538). The price has now been pushed to the exponential moving-average (EMA) for the last 20 days. The bears may try again to lower the index by lowering the price sharply below the SMA. They could succeed in causing the index to fall to 6,350 or even 6,200.
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 DXY closed higher than the moving averages Tuesday, signaling the loss of the bear’s grip.
Bulls have pushed price up above downtrendline on Thursday but failed to consolidate the break. The sellers will attempt to drive the price down below the 20 day EMA (98.26) – a crucial short-term support level.
The possibility of a breakout above 100.50 increases with a strong bounce from the 20-day EMA. This index may then rise to the level of 102.
A close below moving averages indicates that markets rejected the breakout above the downward trend line. 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’s price dropped to $102,000 last Friday but recovered quickly, showing that it was a good time to buy at lower levels. BTC/USDT is likely to be sold at $116,955, the Fibonacci level for 61.8% of the price retracement.
If buyers can overcome resistance, they could push the pair to $121,020, and eventually to a record high of $126199.
If the price drops sharply below the current level it will likely find support around $109,500, and then $107,000. It is expected that buyers will fiercely defend $107,000 because breaking below it could lead to a crash below $100,000.
Prediction of Ether prices
Sellers pull EtherETH() were below the channel pattern of descending channels on both Friday and Saturday, but they could not maintain the lower levels.
The Ether rate climbed into the channel again on Sunday. It indicates a solid demand in lower levels. Bears will try to push the pair ETH/USDT below the channel if price falls sharply. The pair could have reached its top in the short term if they are successful.
This assumption is incorrect. If the price moves above the moving averages, this signals that the pair might remain within the channel a little longer. Breaking and closing above the resistance level increases the chances that the trend will resume.
BNB price prediction
BNBBNBIn the last few days, there has been a significant amount of volatility. The price fell below the 20 day EMA ($1,145), on Friday. However, the bulls reclaimed this level on Saturday.
It suggests that the market is positive, and dips in price are viewed positively. BNB prices soared up to $1,375, a record high, on Monday. However, bulls have struggled to hold the new levels. It is a sign of selling during rallies.
The bears are going to try and strengthen their positions by pulling back 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.XRP( ) finished a bearish triangle set-up on Friday, and fell well below its pattern target of 1,72 dollars.
The XRP has made a strong recovery since the low of $1.25, which signals aggressive buying. This relief rally should reach the 20-day EMA (currently $2.77), where it is likely that bears will step in. The XRP/USDT could fall to $2.20, and then to $2.
Bulls must drive price up above downtrend to indicate a return. Up until then, rallies will likely be bought into.
Solana price prediction
Solana (SOLOn Friday, the ), fell below an ascending channel pattern. The bears may be trying to seize control.
They did not abandon hope and continued to buy the dips 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
It is a sign of a negative sentiment if the price drops and falls below $168. 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 (DOGEThe price of the cryptocurrencies (USD, EUR and GBP) fell below $0.14 on Friday. However, they were not able to reach a closing below that level.
Dogecoin has recovered strongly and returned to the $0.14-$0.029 price range. The bulls are going to try and push the price towards the 20-day EMA, ($0.23). This could bring in sellers. The DOGE/USDT could fall to $0.18, then $0.16 if the price drops below the 20 day EMA.
After the pair closes at $0.29, or $0.14, the next move in trend could start. The pair will likely oscillate within the range until then.
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 prices that fall sharply off the resistance zone indicate the control of the bears. 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
On Friday, Hyperliquid (HYPE), completed a heads-and-shoulders formation and crashed to its goal of $11.
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. Sellers will attempt to lower the HYPE/USDT pairs below $35.50, if price drops from 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. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.
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Source: cointelegraph.com
