Key points:
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Bitcoin is likely to attend wild movements following the Fed rate decision, but the price can remain inside the large range of $ 107,000 to $ 124,474 for a little more time.
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Several altcoins, with the exception of BNB, fell, indicating that traders withdraw the risk of the table before today’s FOMC.
Bitcoin (BTC) is faced with sale nearly $ 117,500, but a positive sign is that Bulls are trying to maintain the price of more than $ 115,500. Cryptocurrencies markets may witness increased volatility after the federal committee’s interest rate on the open market on Wednesday.
The CME Fedwatch tool shows a probability of 94% of a rate drop of 25 BPS, the remaining 6% providing for a rate drop of 50 BPS. Analysts are divided on the action of short -term prices of the BTC. Crypto Jelle analyst said in an article on X that BTC could gradually cringen higher up to the top of all time. On the other hand, the Crypto Ted analyst said in an article on X that BTC could increase to $ 104,000, or even $ 92,000 before gathering to a new summit of all time.
The co-founder of Fundstrat and president of Bitmin, Tom Lee, said on CNBC that BTC and Ether (ETH) could “move a monster in the next three months … huge”. He said that the Fed rate reduction for the first time after a long break, as well as a high seasonality, could drive the cryptographic rally in BTC and ETH.
What are the crucial levels of support and resistance to monitor in BTC and the main altcoins? Let’s analyze the graphics of the 10 best cryptocurrencies to discover it.
Bitcoin price prediction
The BTC oscillates between the simple 50 -day mobile average (SMA) ($ 114,320) and resistance to general costs at $ 117,500 in recent days.
The exponential average of 20 days (EMA) ($ 113,919) and the relative force index (RSI) in the positive territory increases the probability of a break greater than $ 117,500. If this happens, the BTC / USDT pair could increase to $ 120,000 and later to $ 124,474.
This optimistic view could be canceled in the short term if the price unwinds below the 20 -day EMA. This suggests that the price of bitcoin could remain in the range of $ 107,000 to $ 117,500 for a while. The Bears will be back in the driver’s seat on a fence below $ 107,000.
Ether price prediction
Ether is brought back to the 20 -day EMA ($ 4,450), which is likely to act as solid support.
If the price is strongly turned out compared to the 20 -day EMA, it signals a solid purchase on the decreases. The Bulls will then try to propel the ETH / USDT pair above the resistance area for general costs from $ 4,770 to $ 4,957. If they can remove it, the price of the ether could soar $ 5,500. There is a psychological resistance at $ 5,000, but it is probably crossed.
Conversely, if the price breaks below the 20 -day EMA, the next stop could be the SMA of 50 days ($ 4,288), then $ 4,060. The Bears will gain the upper hand on a fence below $ 4,060 support.
XRP price prediction
Buyers are trying to maintain XRP (XRP) above the mobile averages, but have trouble starting a solid rebound.
The sellers will try to strengthen their position by pulling the price below the 20 -day EMA ($ 2.97). If they manage to do so, the XRP / USDT pair could fall to the solid support at $ 2.73. Buyers should fiercely defend the level of $ 2.73, because a fence below, it will finish a descending triangle model. The XRP price could then dive at $ 2.20.
Alternatively, if the price amounts to the current level and exceeds $ 3.20, this suggests that the bulls are back in control. The pair can then walk at $ 3.40.
Price prediction BNB
BNB (BNB) continued its walk above to the psychological level of $ 1,000, indicating that the bulls are firmly controlled.
Sellers will try to stop the UP movement as the price approaches the level of $ 1,000. Going down, the Bears will have to pull the BNB price below the 20 -day EMA ($ 897) to weaken the bullish momentum. If they do this, the BNB / USDT pair could tumble at SMA of 50 days ($ 847).
Instead, if buyers do not allow the price to break below the 20 -day EMA, this suggests a solid demand at lower levels. This improves the prospects for recovering the upward trend around $ 1,090.
Solana price prediction
The shallow removal of Solana (soil) suggests that the bulls did not rush at the exit because they anticipate another higher leg.
The 20 -day EMA ($ 220) is the critical support to be monitored when falling. If the price turns out to be the current level or the ascending trend line, it signals a positive feeling. This increases the possibility of a gathering at $ 260, where bears should intervene.
Unlike a break and a closure below the 20 -day EMA indicates that the bulls close their positions. The floor / USDT pair can then fall to SMA of 50 days ($ 197). Buyers will try to defend the 50 -day SMA because a break below could flow the Solana price at $ 173.
Dogecoin price prediction
The withdrawal of DADECOIN (DOGE) is trying to take support of $ 0.26, but the failure to start a solid rebound suggests a lack of aggressive purchase by the Bulls.
The 20 -day EMA ($ 0.24) is the crucial level to monitor upon decline. If the price bounces for 20 days EMA with force, the Bulls will again strive to push the Pair Doge / USDT above $ 0.31. If they succeed, the Dogecoin price could drop to $ 0.35, then to $ 0.44.
On the contrary, if the price decreases below the 20 -day EMA, the pair could go down to the SMA of 50 days ($ 0.22) and later in solid support at $ 0.21.
Cardano price prediction
Cardano (ADA) continues to exchange inside a symmetrical triangle model, signaling the uncertainty on the following directional movement.
EMA at 20 days at 20 days ($ 0.86) and the RSI near the median point do not give a clear advantage to the Bulls or the Bears. If the price continues lower and breaks below the support line, this suggests that the Bulls have abandoned. This could drag the ADA / USDT pair to $ 0.68.
The advantage will bow in favor of the bulls if they catapult the Cardano price above the resistance line. The pair could then get back to $ 1.02 and, after that, to $ 1.17. Sellers should vigorously defend the area from $ 1.17 to $ 1.25.
In relation: Ethereum tirelessly is “parabolic”: what does that mean for the price?
Hyperliquid price prediction
The withdrawal of hyperliquid (hype) finds support near the 20 -day EMA ($ 51.05), indicating the purchase on the decreases.
Bulls will try to drive the media / USDT threshing pair above the resistance of $ 57.44 and resume the upward trend. If they can withdraw it, the hyperliquid price could reach the model lens of $ 64.25.
Unlike this hypothesis, if the price drops and breaks below the support of $ 49.88, he suggests that the Bulls rush to the exit. The pair could then fall from the 50 -day SMA ($ 45.74).
Online price prediction
The recovery of ChainLink (link) failed $ 25.64 on Saturday, indicating that bears are active at higher levels.
Sellers try to pull the price below the crucial support at SMA of 50 days ($ 22.40). Buyers should fiercely defend the area between the 50 -day SMA and the upward trend line.
If the price bounces from the support area, the Bulls will try to generate the price of the chain over the downline line. If they can withdraw it, the pair could come together at $ 25.64 and subsequently at $ 27. Buyers can deal with a large sale in the area between $ 27 and $ 27.84.
SUD price prediction
Su (Sui) pierced the downward trend line on Saturday, but the Bears withdrew the price below the level of escape on Sunday.
The Bulls try to stop the withdrawal to the mobile averages, but the Bears maintained their sales pressure. If the price slides below $ 3.45, the SUI / USDT pair could decrease to solid support at $ 3.26. The sale could accelerate below $ 3.11, opening the doors for a drop to $ 2.80.
Buyers will have to propel the PRO price greater than $ 3.89 to point out that bears lose their grip. The pair could then rest at $ 4.18.
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.
