Key points:
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Bitcoin is faced with sale nearly $ 109,000, but the shallow decline suggests that the upward trend could resume.
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The BNB and the overhaul show force, having broken above their immediate resistance levels.
Bitcoin (BTC) started the week on a sweet note, the Bears trying to pull the price below the level of $ 107,000. Bitcoin remains on the right track for a positive monthly fence in June as long as it remains greater than $ 104,600. If this happens, it will only be the second opportunity since 2020 that Bitcoin has closed June in the green, according to Corglass data.
Bitcoin’s failure to get out of the top of all time at $ 111,980 has not dissuaded investors from buying more. Coinshares data show $ 2.2 billion from the Bitcoin negotiated products last week.
In addition to regular FNB entries, Bitcoin cash companies continued their purchases. Michael Saylor’s strategy revealed the acquisition of 4,980 bitcoin at an average price of $ 106,801, his successive 11th week of Bitcoin purchases. Likewise, Metaplanet CEO Simon Gerovich said in an article on X that the company had bought 1,005 bitcoin at an average price of $ 107,601.
Could Bitcoin stay above $ 106,000, or will Bears draw the price below the level? How are Altcoins likely to behave? Let’s analyze the graphics of the 10 best cryptocurrencies to discover it.
Price prediction of the S&P 500 index
The S&P 500 index has rebounded on the 20 -day exponential mobile average (EMA) (6,029) on June 23, indicating a positive feeling.
The Bulls continued to buy at higher levels, pushing the price above the top of all time of 6,147 Friday. If the price maintains above 6,147, the index could reach 6,500.
Sellers are likely to have other plans. They will try to withdraw the price below 6,147, trapping the aggressive bulls. The index can then slide towards the 20 -day EMA. A strong rebound on the 20 -day EMA improves the prospects for continuing the upward trend.
Conversely, a break and a closure below the 20 -day EMA suggests a profit book by the Bulls. This can reduce the price to the 50 -day simple mobile average (SMA) (5,827).
Price prediction of the US dollar index
The US dollar index (DXY) broke and closed below 97.92 support on Wednesday, indicating that bears mastered the bulls.
The two mobile averages are sloping and the RSI is near the territory of occurrence, indicating that bears control. It is unlikely that the Bulls will easily abandon and try to push the price above the level of breakdown of 97.92. If they manage to do so, the index could rally to the SMA of 50 days (99.28).
Alternatively, if the price drops by 97.92, this suggests that the bears overturned the level in the resistance. This could resume the downward trend, pulling the price to level 95.
Bitcoin price prediction
Bitcoin is faced with the sale on the downline line, but a positive sign is that the Bulls did not allow the price to slip under mobile averages.
This suggests that bulls do not hurry to reserve profits because they anticipate another higher leg. The high -end mobile averages and the RSI on the positive territory indicate that the path of the slightest resistance is upwards.
If the price moved above the downward trend line, the BTC / USDT pair could rise against the head and inverted shoulder motif. It is a vital level for the Bears to defend because a break above indicates the resumption of the upward trend.
The first sign of weakness will be a break below mobile averages. If this happens, the pair may fall to $ 104,500, then to the assistance of $ 100,000.
Ether price prediction
The recovery of Ether (ETH) is faced with the sale near the SMA of 50 days ($ 2,534), indicating that bears are active at higher levels.
The two mobile averages have flattened and the RSI is near the median point, signaling a possible action linked to the beach in the short term. If the price unscrewed below $ 2,376, the ETH / USDT pair could fall to $ 2,323. Buyers should vigorously defend the level of $ 2,323 because a break below can run the pair at $ 2,111.
Uplining, a break above the 50-day SMA opens the doors for a gathering at $ 2,738, then at $ 2,879. The next trend decision could start a break greater than $ 2,879 or less than $ 2,111.
XRP price prediction
XRP (XRP) was stuck in the range from $ 2 to $ 2.65 in recent days, indicating the purchase near support and sale near the resistance.
Bulls try to push the price above the 50-day SMA ($ 2.25). If they do this, the XRP / USDT pair could try a gathering at the top of the beach at $ 2.65. Sellers will try to maintain the price inside the range, fiercely defending the level of $ 2.65.
If the price decreases from the current level, this suggests that the Bears sell on each minor rally. The sellers will try to strengthen their position by pulling the price below the $ 2 support. If they can remove it, the pair may drop to $ 1.61.
Price prediction BNB
BNB (BNB) broke out above the resistance line of the channel motif on Sunday, suggesting that the correction can be finished.
There is a minor resistance to SMA of 50 days ($ 654), but if buyers do not allow the price to go back to the channel, the BNB / USDT pair could drop to $ 675 and by $ 698.
This positive point of view will be invalidated in the short term if the price drops sharply and breaks below $ 636. This suggests that the markets have rejected the rupture over the canal. The pair can then decrease to $ 625.
Solana price prediction
Solana (soil) went back by the support of $ 140 on Friday and exceeded the 20 -day EMA ($ 148) on Saturday.
Buyers are trying to extend the rescue rally over the 50-day SMA ($ 158). If they manage to do so, the ground / USDT pair could try a gathering of the resistance to general costs of $ 185. Sellers should aggressively defend the level of $ 185, because a break above erases the path for a rally at $ 220.
The advantage will bow in favor of bears if they flow the price below the $ 140 support. The pair can then drop to $ 126 and, after that, to $ 110.
In relation: Ethereum risks a price drop of 25% while the “massive whale” increases $ 237 million in exchanges
Dogecoin price prediction
DOGECOIN (DOGE) returned to the 20 -day EMA ($ 0.17), which is the first obstacle to monitor.
If the price drops sharply from the 20 -day EMA, the DOGE / USDT pair risks a break below the $ 0.14 support. If this happens, the sale could accelerate and the pair can tumble at $ 0.10.
On the contrary, a break and a closure above the 20-day EMA suggests that the pair can swing between $ 0.14 and $ 0.21 for a while. Buyers will gain strength after having propelled the pair over the resistance to general costs of $ 0.21.
Cardano price prediction
Cardano (ADA) increased near the 20 -day EMA ($ 0.59), which is likely to act as rigid resistance.
If the price drops and breaks down below $ 0.54, the ADA / USDT pair could go to the crucial support at $ 0.50. Buyers should defend the level of $ 0.50 with all their might because a break below will complete a descending triangle model. This can start a movement down $ 0.40.
Uplining, if buyers push the price above the 20-day EMA, the pair could reach the SMA of 50 days ($ 0.67). A change of trend will be reported after buyers have led the pair over the downward trend line.
Hyperliquid price prediction
Hyperliquid (hype) broke out above the resistance of $ 39.12 on Sunday, indicating that the Bulls are back in the game.
The Hype / USDT pair could climb $ 42.50 and then $ 45.80. Sellers should fiercely defend the level of $ 45.80, but if the Bulls prevail, the pair could soar at the psychological level of $ 50.
The first support for the decline is the EMA of 20 days ($ 37.55), then the 50 -day SMA ($ 34.76). The sellers will have to pull the price below the 50 -day SMA to weaken the bulls. The pair can then fall to $ 30.69.
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.
