Key points:
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Bitcoin bulls are trying to keep the price above $107,000, but the bears continued to exert selling pressure.
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The rally in most major altcoins has lost steam, indicating that bears continue to sell in minor rallies.
Buyers managed to keep Bitcoin (BTC) above the vital support level of $107,000, but the lack of a strong rebound suggests the bears kept up their pressure. Short-term uncertainty has analysts divided over BTC’s next directional move.
Geoff Kendrick, global head of digital assets research at Standard Chartered, told Cointelegraph that BTC remains on track to hit $200,000 by the end of 2025. Kendrick believes investors will view the recent sell-off as a buying opportunity, propelling BTC higher.
On the other end of the spectrum is veteran trader Peter Brandt, who sees similarities between the BTC chart and the 1970s soybean market, which plunged 50% after global supply outstripped demand. Brandt told Cointelegraph that BTC was forming an increasingly broad chart pattern, “famous for highs,” which could push the price down to around $60,000.
What are the critical support levels to watch in BTC and major altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin Price Prediction
BTC rebounded strongly on Tuesday, but the bears halted the attempt to recover the 50-day simple moving average ($114,137).
Sellers will attempt to strengthen their position by lowering the Bitcoin price below the $107,000 support. If they succeed, the risk of a $100,000 drop in psychological support increases. Buyers are expected to defend the $100,000 level with all their might, because if they fail to do so, they could trigger a new downtrend.
The first sign of strength will be a breakout and close above the $116,000 level. This suggests that the BTC/USDT pair could remain in the $107,000 to $126,199 range for some time to come.
Ether Price Prediction
Ether (ETH) declined from the 20-day exponential moving average ($4,062) on Tuesday, signaling that bears are selling on minor rallies.
The bears will attempt to push the price of Ether below the support line of the descending channel pattern. If they succeed, the selling could accelerate and the ETH/USDT pair risks falling to $3,350.
Buyers will need to push the price above the moving averages to suggest that the pair could stay inside the channel for a while longer. The bulls will gain the upper hand at the close above the resistance line.
BNB Price Prediction
BNB (BNB) has been trading between the moving averages since Friday, indicating an uphill battle between the bulls and bears.
The falling 20-day EMA ($1,122) and RSI in negative territory indicate a slight advantage for the bears. A close below the 50-day SMA ($1,041) signals the start of a new downtrend at $932.
Conversely, a close above the 20-day EMA indicates that the bulls have dominated the bears. This opens the door for a relief rally up to the 50% Fibonacci retracement level of $1,198.
XRP Price Prediction
XRP’s (XRP) rebound from the $2.30 support collapsed at the 20-day EMA ($2.55) on Tuesday, indicating negative sentiment.
The bears will attempt to leverage their advantage by lowering the price of XRP below the $2.19 support level. If they succeed, the XRP/USDT pair could fall to $2.06 and then to $1.90.
Buyers will need to quickly push the price above the 20-day EMA to signal a return. The pair could then rise to the 50-day SMA ($2.79) and later to the downtrend line. A close above the downtrend line suggests the end of the corrective phase. The pair could then rise towards $3.38.
Solana Price Prediction
Solana (SOL) declined at the 20-day EMA ($198) on Tuesday, indicating that bears are trying to maintain control.
The SOL/USDT pair could slide towards the support line of the descending channel pattern, where buyers are expected to step in. The bulls will need to push Solana price above the 20-day EMA to suggest that the pair could stay inside the channel for a while longer. A new upward move could begin at the close above the resistance line.
The sellers will likely have other plans. They will attempt to push the price below the support line. If they succeed, the pair could plunge to $155 and then to $145.
Dogecoin Price Prediction
Dogecoin (DOGE) failed to break above the 20-day EMA ($0.21), indicating that bears are selling on minor rallies.
Dogecoin price could fall to $0.18, which is a crucial support to watch. If the bears pull the DOGE/USDT pair below $0.18, the next stop will likely be $0.16 and possibly $0.14.
Contrary to this assumption, if the price rises sharply and exceeds the 20-day EMA, it suggests that the selling pressure is decreasing. The pair could rise to the 50-day SMA ($0.23) and later to the strong overhead resistance at $0.29.
Cardano Price Prediction
Cardano’s (ADA) recovery attempt couldn’t even reach the 20-day EMA ($0.70), indicating a lack of demand at higher levels.
The bears will attempt to increase their advantage by lowering Cardano price below the $0.59 support. If they succeed, the ADA/USDT pair could fall to the critical support at $0.50. Buyers should defend the $0.50 level with all their might, as a close below opens the way for a fall to $0.40.
This negative view will be invalidated in the short term if the price rises and exceeds the $0.75 breakout level. The pair could then rise to the downtrend line.
Related: BNB Price Analysis: Here’s Why Bulls Need to Hold $1,000
Hyperliquid price prediction
Hyperliquid (HYPE) dropped from the neckline of the head and shoulders pattern, indicating that the bears remain in control.
The falling 20-day EMA ($40.09) and the RSI in negative territory increase the likelihood of a further decline. There is support at $33.28, but if the level breaks, the HYPE/USDT pair could drop to $30.50 and then to $28.
Bulls will need to drive and maintain the price of hyperliquid above the neckline to signal that selling pressure is easing. The pair could bounce up to the 50-day SMA ($46.42) and then to $51.
Chainlink Price Prediction
Chainlink (LINK) fell near the support line of the descending channel pattern after buyers failed to push the price above the 20-day EMA ($19.02).
Sellers will attempt to push the price below the support line and retest the $15.43 level. Repeated testing of a support level tends to weaken it. If the $15.43 level gives way, Chainlink price could drop to $12.73.
The bulls will need to push and sustain the price above the 20-day EMA to indicate strength. The LINK/USDT pair could then bounce up to the resistance line, where the bears are expected to sell aggressively.
Stellar Price Prediction
Bears halted Stellar’s (XLM) relief rally near the 20-day EMA ($0.34) on Tuesday, indicating negative sentiment.
The XLM/USDT pair is likely to fall to $0.29, which is a key support to watch. If the $0.29 support breaks down, selling could accelerate and Stellar price could drop to $0.25.
Buyers will need to push and hold the price above the $0.34 breakdown level to signal strength. The pair could then move up to the downtrend line, where the bears should pose a strong challenge. A close above the downtrend line signals a potential trend change.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research before making a decision.
