Key points:
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Bitcoin is attempting a comeback, which is expected to face strong resistance at the breakout level of $74,508.
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Several major altcoins are attempting to recover, signaling that lower levels are attracting buyers.
Bitcoin (BTC) surpassed $68,500, as buyers attempt to reach a low near $65,000. According to Glassnode, BTC is stuck between the true market average at $79,200 and the realized price near $55,000. The on-chain data provider expects the range-bound action to continue until a major catalyst pushes the price above or below the range.
Standard Chartered also had moderate forecasts for BTC. It lowered the BTC target to $100,000 from $150,000 for 2026. The bank expects BTC to fall to $50,000 over the next few months, followed by a recovery for the rest of the year.
Several analysts also claim that BTC has not yet bottomed. Cryptocurrency analyst Tony Research said in an article on
Could BTC and major altcoins begin a recovery? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin Price Prediction
BTC fell from $65,118 on Thursday, indicating demand at lower levels. The bulls will attempt to push the price up to the breakout level of $74,508.
If Bitcoin price declines sharply from the $74,508 level, it suggests that bears remain active at higher levels. This could keep the BTC/USDT pair between $74,508 and $60,000 for a few days. On the downside, a break below the $60,000 support could send the pair down to $52,500.
Alternatively, if buyers push the price above $74,508, it suggests that selling pressure is easing. The pair could then bounce up to the 50-day simple moving average (SMA) ($85,046).
Ether Price Prediction
The buyers are trying to push and hold Ether (ETH) above the $2,000 level, but the bears have kept the pressure on.
If the price declines from the current level or the resistance at $2,111, it suggests that the bears are aggressively defending the level. Ether price could then retest the critical support at $1,750. If the level breaks, the ETH/USDT pair could extend the decline to the next major support at $1,537.
On the upside, buyers will need to quickly push the price above the 20-day exponential moving average (EMA) ($2,297) to signal a return. If they succeed, the pair could reach the 50-day SMA ($2,800).
BNB Price Prediction
BNB (BNB) continues to gradually slide towards the strong support of $570, which is a vital level to watch.
If BNB price dips below the $570 support, it signals the start of the next leg of the downtrend towards the psychological $500 level.
However, the Relative Strength Index (RSI) is in oversold territory, indicating that a relief rally is possible in the near term. If the price rises from the current level, the bulls will attempt to push the BNB/USDT pair above the $669 level. If they succeed, the pair could advance towards the 20-day EMA ($710).
XRP Price Prediction
XRP (XRP) is holding on to the support line of the descending channel pattern, increasing the risk of a breakdown.
If this happens, the price of XRP could fall all the way to the $1.11 level. This is a critical level that bulls must defend, as a break below could resume the downtrend. The XRP/USDT pair could then fall to $1 and then to $0.75.
Conversely, if the price rises from the current level and breaks above the 20-day EMA ($1.55), it suggests that the pair could remain inside the channel for some more time. Buyers will need to close above the downtrend line to signal a potential trend change.
Solana Price Prediction
Solana (SOL) is trying to find support at the $77 level, but bears will likely sell during rallies.
The SOL/USDT pair could reach the $95 breakout level, where the bears are expected to pose a strong challenge. If the price declines sharply from the $95 level, it suggests that the bears have tipped the level towards resistance. The Solana price could then fall to the $67 level.
Conversely, if buyers push the price above the $95 level, the pair could bounce up to the 50-day SMA ($119). This suggests that the break below the $95 level may have been a bear trap.
Dogecoin Price Prediction
Dogecoin (DOGE) is attempting to bounce off the $0.09 level, but the bears continue to sell in minor rallies.
If the price of Dogecoin declines and goes below $0.09, the DOGE/USDT pair could drop to the $0.08 level. This is a crucial level for bulls to defend, as a break below could extend the downtrend to $0.06.
The first sign of strength will be a breakout and close above the 20-day EMA ($0.10). The pair could then rally back to the $0.12 breakout level, which would likely provide strong resistance. A break above the $0.12 level opens the door for a rally to $0.16.
Bitcoin Cash Price Prediction
Bitcoin Cash (BCH) fell below the $497 support on Thursday, but the bulls failed to hold the lower levels.
The bulls are attempting to push the price above the 20-day EMA ($536), but are expected to face significant resistance from the bears. If the price declines from the 20-day EMA and breaks below $493, the BCH/USDT pair could plunge towards the $443 level.
On the contrary, if the price breaks and closes above the 20-day EMA, it suggests demand at lower levels. Bitcoin Cash price could then rally back up to the 50-day SMA ($581), where the bears should once again mount a strong defense.
Related: Bitcoin Open Interest Hits All-Time Low Since 2024: Is TradFi Abandoning BTC?
Hyperliquid price prediction
Hyperliquid (HYPE) moved back above the 20-day EMA ($30.18) on Thursday, indicating a buy on the dip.
The stable 20-day EMA and the RSI just above the midpoint suggest a balance between supply and demand. Buyers will need to propel Hyperliquid price above the $35.50 level to indicate that the corrective phase may be over. The HYPE/USDT pair could then rise to $44.
Contrary to this assumption, if the price declines and crosses below the 50-day SMA ($27.25), it indicates that the bears have an advantage. The pair could then fall to the support of $20.82.
Cardano Price Prediction
Cardano (ADA) remains inside the descending channel pattern, indicating that bears remain in control.
The bears will attempt to strengthen their position by pulling the price below the support line and the $0.22 level. If they succeed, the ADA/USDT pair could go down to $0.20 and then to $0.15.
Instead, if Cardano price rises from the current level and breaks above the 20-day EMA ($0.29), it indicates that the pair could remain inside the channel for some more time. Buyers will take control at the close above the channel.
Monero Price Prediction
Monero (XMR) faces resistance at the $360 breakout level, but the bulls have not given up much ground to the bears.
This increases the likelihood of a breakout above $360. If this happens, the bears will again attempt to stop the recovery at the 20-day EMA ($385). However, buyers will likely have other plans. They will attempt to breach the 20-day EMA, paving the way for a rally towards the 50-day EMA ($460).
This positive opinion will be negated in the short term if the price of Monero continues to fall and falls below $309. The XMR/USDT pair could then drop to $276, which should attract buyers.
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