Key points:
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Bitcoin holding $ 100,000 as a level of support would confirm the current trend change.
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Ether leads among the altcoins and the DEFI tokens could follow.
Bitcoin (BTC) broke out above the level of $ 100,000 psychologically critical on May 8, and the Bulls try to keep the level on May 9. In a post X, Coiglass said that the Bitcoin rally resulted in 837.80 million dollars in short liquidation during a 24 -hour period, the largest since 2021.
The Bitcoin rally has also raised several major altcoins, which have climbed over their levels of resistance to respective general costs. The Altcoin rally was led by Ether (ETH), which jumped by around 22% on May 8, triggering a liquidation of $ 328 million in short ether positions.
Although the short -term image has become positive, Bitcoin bulls are expected to cope with significant resistance near the top of all time of $ 109,588. During withdrawals, merchants will have to maintain the price of more than $ 100,000 to keep the bullish momentum.
Could Bitcoin continue its movement upwards and unravel the top of all time? Are Altcoins preparing for a short-term rally? Let’s analyze the graphics of the 10 best cryptocurrencies to discover it.
Bitcoin price prediction
Bitcoin joined more than 6% and closed above the barrier $ 100,000 on May 8, indicating that buyers said their supremacy.
The BTC / USDT pair could reach the area from $ 107,000 to $ 109,588, where bears should set up a solid defense. The level of oozing on the relative force index (RSI) suggests that short -term withdrawal is possible.
If the price decreases resistance to general costs but finds support for the exponential mobile average of 20 days ($ 94,879), it signals a positive feeling. The Bulls will then make an attempt to push the price above the top of all time.
The first sign of weakness will be at a fence below the 20 -day EMA. This suggests a reservation of profits at higher levels. The pair can then tumble to the 50 -day simple mobile average ($ 88,139).
Ether price prediction
Ether (ETH) skyrocketed above the resistance of $ 2,111 on May 8 and extended its movement up nearly $ 2,550 on May 9.
The long wick on the candlestick shows a solid sale almost $ 2,550. If the price goes from $ 2,550 but finds the support at $ 2,111, this indicates that the bulls are trying to switch the level in support. The Bulls will then make another attempt to drive the ETH / USDT pair over $ 2,550. If they succeed, the pair could increase to $ 2,850.
Sellers will have to draw the price below the level of $ 2,111 to weaken the bullish momentum. The pair can then slide towards the 20 -day EMA ($ 1,867).
XRP price prediction
Buyers pushed XRP (XRP) to the resistance line, which is a crucial short -term level to monitor.
Sellers should defend the resistance line in an aggressive way because a break and close above indicates a change in potential trend. The XRP / USDT pair could reach $ 2.60 and then $ 3.
If the price turns away from the resistance line but finds support for mobile averages, it suggests that the Bulls buy the hollows. The Bulls will then try to propel the price above the resistance line. Sellers will have to pull the price below $ 2 assistance to take control.
Price prediction BNB
BNB (BNB) made a decisive movement higher on May 8 and exceeded immediate resistance to $ 620.
The BNB / USDT pair reached the level of $ 644 on May 9, which should behave like a strong barrier. However, if buyers maintain the pressure and pierce the resistance of $ 644, the pair could rise to $ 680.
Time is exhausted for bears. If they want to stop the upward trend, they will have to fiercely defend the level of $ 644 and pull the price below the medium -sized moving. The pair could then drop to $ 580.
Solana price prediction
Solana (soil) broke and closed above the resistance of $ 153 on May 8, indicating that the bulls are in charge.
The floor / USDT pair could reach $ 180, which should behave like a formidable obstacle. If the price drops by $ 180 but bounces on $ 153, it suggests that buyers are trying to form a lower level. This improves the prospects for a rally at $ 200.
This optimistic view will be invalidated in the short term if the price drops sharply and falls below the support of $ 140. This suggests that traders reserve profits at higher levels.
Dogecoin price prediction
Buyers successfully defended the mobile and pushed Dogecoin (DOGE) medium to resistance to the general costs at $ 0.21.
The sellers will try to stop the UP movement at $ 0.21, but if the Bulls pierce the resistance, the Doge / USDT pair could rally at $ 0.25. If the price drops by $ 0.25 but finds the support at $ 0.21, it indicates that the bulls have reversed the level of support. This suggests that the downward trend could be over.
On the contrary, if the price drops sharply by $ 0.21 and breaks below mobile averages, this indicates that the pair can oscillate inside the range for a while.
Cardano price prediction
Cardano (ADA) rebounded on the 50 -day SMA ($ 0.67) and completed a reverse head and shoulder scheme on May 8.
The 20 -day EMA ($ 0.69) began to introduce itself, and the RSI is in the positive territory, signaling an advantage to buyers. If the price remains above the neckline, the ADA / USDT pair could rise to the model lens of $ 1.01. There is resistance at $ 0.83, but it is probably crossed.
If the bears want to prevent the increase, they will have to pull the price below the 50 -day SMA. This could run the pair at $ 0.60 and finally at $ 0.50.
In relation: Chance de Bitcoin Price above $ 110,000 in May – Here is why
SUD price prediction
SUP (SUI) strongly rallied from the 20-day EMA ($ 3.29) and climbed above the resistance to general costs of $ 3.90 on May 8.
The EMA of 20 days high -end and the RSI near the Surachat area indicate that the bulls are in control. If the price maintains above $ 3.90, the SUI / USDT pair could bring together $ 4.25 and possibly $ 5.
Alternatively, if the price drops and closes below $ 3.90, this suggests that the Bears are trying to make a return. The pair could then fall towards the 20 -day EMA, which is likely to act as solid support.
Online price prediction
ChainLink (Link) increased sharply compared to the 50 -day SMA ($ 13.72) on May 8 and completed a reverse head and shoulder pattern.
Sellers try to withdraw the price below the neck, but if the Bulls have successfully hold the level, the Link / USDT pair could break above the resistance line and rally towards the model of $ 21.30.
This optimistic view will be canceled if the price drops sharply and breaks below mobile averages. This opens the doors for a fall at $ 12, indicating that the pair can stay inside the canal for a while.
Avalanche price prediction
Avalanche (AVAX) rebounded on mobile averages on May 8 and reached the resistance of the general costs of $ 23.50 on May 9.
Sellers are expected to defend the level of $ 23.50 with all their strength, because a break and closure above the resistance could erase the path for a potential increase at $ 28.78 and, after that, at $ 31.73.
On the contrary, if the price drops sharply by $ 23.50 and breaks below mobile averages, it suggests that the Avx / USDT pair can extend its stay inside the range for a few more days.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks, and readers should conduct their own research when they make a decision.
