Key points:
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Bitcoin faces resistance at $90,500, but a positive sign is that the bulls have kept the pressure on.
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Several major altcoins are attempting to begin a recovery, but are expected to sell off at higher levels.
Sellers are trying to keep Bitcoin (BTC) below the $90,500 level, but bulls continue to exert pressure. Tom Lee, managing partner of Fundstrat, said on CNBC that cryptocurrencies were expected to rise due to a weaker dollar, but traders responded by continuing to invest in gold and silver. Lee suggested that crypto is likely to catch up after the gold and silver rally pauses.
Business news platform Santiment said in an article on X that social media witnessed more discussions about silver and gold than cryptocurrencies on most days this month. Analysts added that retail traders appear open to sector hopping “depending on where the latest pumps appear.”
However, a positive sign in favor of the bulls is that February has seen only three monthly losses since 2013 and a median rise of 12.21%, according to Coinglass data. If history repeats itself, BTC could rebound in February.
Could buyers push BTC and major altcoins above their resistance levels? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin Price Prediction
BTC’s relief rally has reached the moving averages, where the bears are expected to pose a strong challenge.
If the price declines from the moving averages, the BTC/USDT pair could fall to the $84,000 support. Buyers should defend the $84,000 level with all their might, as a close below could send Bitcoin price down to $80,600 and eventually to the formidable support of $74,508.
On the upside, a breakout and close above the moving averages opens the door for a rally towards the $94,789 to $97,924 resistance zone. A close above the resistance zone signals that the corrective phase may be over.
Ether Price Prediction
Ether (ETH) re-entered the symmetrical triangle pattern on Tuesday, but the recovery faces resistance at the moving averages.
If the price declines sharply from the moving averages, the bears will attempt to bring the ETH/USDT pair back below the $2,787 level. If they succeed, the price of Ether could drop to $2,623.
Conversely, a close above the moving averages suggests that the market has rejected the break below the support line. This improves the prospects of a break above the resistance line. The pair could then advance towards $3,659.
BNB Price Prediction
BNB (BNB) is attempting to break above the 20-day exponential moving average (EMA) ($897), indicating demand at lower levels.
The BNB/USDT pair could reach the overhead resistance zone of $928-$959, where the bears are expected to mount a strong defense. If buyers exceed the zone, BNB price could begin a rally up to $1,020.
Sellers will need to bring the price back below the uptrend line to gain the upper hand. If they succeed, the pair could slide towards the $790 support. Bulls should vigorously defend the $790 level as a close below could resume the downtrend.
XRP Price Prediction
Buyers are trying to push XRP (XRP) above the moving averages, but the bears have held on.
Sellers will attempt to push the price of XRP below the $1.77 level. If they succeed, the XRP/USDT pair could descend to vital support at $1.61. Buyers are expected to fiercely defend the area between the descending channel support line and the $1.61 level.
If buyers push the price above the moving averages, the pair could reach the downtrend line. Bulls will need to close above the downtrend line to indicate the start of a new upward move.
Solana Price Prediction
Solana (SOL) broke out from $117 support on Monday, but the relief rally is likely to be met with selling at the moving averages.
If the price declines from the moving averages, the bears will again attempt to push the SOL/USDT pair below $117. If they succeed, SOL price could fall to strong support at $95.
Alternatively, a break above the moving averages opens the door for a rally towards overhead resistance at $147. Buyers will need to break the barrier of the $147 level to suggest that the corrective phase may be over.
Dogecoin Price Prediction
Dogecoin (DOGE) bounced off the $0.12 support, but the relief rally is likely to be met with selling at the moving averages.
If the price declines sharply from the moving averages, it increases the risk of a breakout below the $0.12 support. The DOGE/USDT pair could then collapse until October 10, 2025, to the low of $0.10.
Conversely, a breakout and close above the moving averages indicates possible limited action in the near term. Dogecoin price may oscillate from $0.12 to $0.16 for some time. A short-term trend change will be signaled upon a close above $0.16.
Cardano Price Prediction
Cardano’s (ADA) rebound above the $0.33 level has reached the moving averages, where the bears are expected to step in.
If the price falls sharply from the moving averages, the probability of a breakout below the $0.33 level increases. The ADA/USDT pair may then fall to the support line of the descending channel pattern.
This negative opinion will be invalidated in the short term if the price of ADA continues to rise and exceeds the downtrend line. The pair could then rally back to the $0.50 breakout level, where the bears should mount a strong defense.
Related: Bitcoin Eyes $90,000 Ahead of FOMC: Next Watch These BTC Price Levels
Bitcoin Cash Price Prediction
Bitcoin Cash (BCH) bounced off the $563 support again on Sunday, indicating that bulls are aggressively defending the level.
The moving averages are flattening and the relative strength index (RSI) is near the midpoint, signaling a balance between supply and demand. If the price breaks above the moving averages, the advantage will tilt in favor of the bulls. The BCH/USDT pair could then rise to $631, then to $670.
Sellers will need to bring BCH price back below the $563 level to complete a bearish head and shoulders pattern. The pair could then fall to $518 and then to the target of $456.
Hyperliquid price prediction
Hyperliquid (HYPE) rose from support at $20.82 on January 21 and climbed above the 50-day simple moving average (SMA) ($25.50) on Tuesday, indicating strong buying at lower levels.
The moving averages are about to complete a bullish crossover and the RSI has jumped into the overbought zone, signaling that the bulls are back in the game. There is resistance at the $35.50 breakout level, but if buyers overcome it, the HYPE/USDT pair could rise as high as $44.
Sellers will need to defend the $35.50 level and bring the hyperliquid price below the moving averages to weaken the bullish momentum.
Monero Price Prediction
Monero (XMR) pullback faces resistance at the 50-day SMA ($480), indicating bears are selling on minor rallies.
The falling 20-day EMA ($512) and RSI near level 46 signal that the path of least resistance is to the downside. If the price falls below $445, the XMR/USDT pair could make a 100% retracement of the last leg of the rally and plunge all the way to the $417 level.
Buyers will need to push the price of XMR above the 20-day EMA to indicate strength. The pair could then rise to $546. The bullish momentum is expected to accelerate upon closing above the $546 resistance.
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