Key points:
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Bitcoin shows a negative divergence on the graphics, signaling a weakening of the bullish momentum.
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Buyers must maintain the ether greater than $ 4,094 to keep the top.
Bitcoin (BTC) extended its decline on Monday, suggesting a profits reservation by short -term merchants. The analyst, Captain Faibik, said in an article on X that BTC could go to the key psychological zone from $ 98,000 to $ 100,000 in the event of “Flush Boustière extreme”.
Despite the correction, analysts expect Bitcoin to exchange in the coming months. CEO of Canary Capital, Steven McClurg, said in a CNBC interview that there were more than 50% chance that BTC reached the area from $ 140,000 to $ 150,000 this year before the lowering market next year.
The retail crowd was optimistic about BTC but did not show the same enthusiasm for Ether (ETH) despite the strong performances in the last 30 days, according to the Santiment Sensiment platform. While the markets are generally moving opposed to the expectations of retail, Santiment believes that ETH has a “slightly more optimistic path” compared to the BTC.
Could the BTC form a lower signaling resistance? Will Altcoins follow BTC above? 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 (SPX) remains in a strong upward trend, indicating that buyers are on order.
A minor negative is that the relative resistance index (RSI) forms a negative divergence model. This suggests a short -term withdrawal or consolidation. A break and a closure below the 20 -day exponential mobile average (6,370) could speed up the sale. The index can then drop to the 50 -day simple mobile average (6,237).
Unlike this hypothesis, if buyers push the price above 6,500, the index could start the next step in the upward trend at 6,696.
Price prediction of the US dollar index
The US dollar index (DXY) attended a difficult battle between the Bulls and the Bears with mobile averages.
The EMA at 20 days marginally broken down (98.23) and the RSI just below the median point indicate a minor advantage in the Bears. If the price breaks down below 97.62, the index could increase to 97.10.
Conversely, a rupture and a closure above the 20-day EMA shows demand at lower levels. The Bulls will then try to push the price to 99.32 then to 100.25. Such a decision suggests that the index could swing between 96.37 and 102 for a while.
Bitcoin price prediction
BTC fell below the 50 -day SMA ($ 115,702) on Monday, but the price finds support for the reverse pattern of the head and shoulders.
There is a minor resistance at $ 118,575, but if the level is crossed, the BTC / USDT pair could come together at $ 120,000 and then challenge the summit of $ 124,474.
However, a word of prudence for the bulls is that the RSI has formed a negative divergence. This indicates that the bulls lose their grip. If the price breaks below the neckline, the price of Bitcoin could drop to $ 110,530. This is a critical support to monitor because a break below $ 110,530 opens the doors for a collapse at $ 105,000, then to $ 100,000.
Ether price prediction
ETH extended its decline on Monday after breaking below the immediate support at $ 4,368. This suggests a profits reservation by short -term buyers.
The $ 4,094 escape level is an essential support to monitor. If the price bounces $ 4,094 with force, it suggests that Bulls are trying to switch the level of support. The ETH / USDT pair could then reach $ 4,788. A break above $ 4,788 opens the way to a rally at $ 5,000.
On the contrary, a break and a closure below $ 4,094 indicates the start of a deeper correction. The price of the ether could drop to $ 3,745 then to the 50 -day SMA ($ 3,523).
XRP price prediction
Buyers were unable to postpone XRP (XRP) above the 20-day EMA ($ 3.10) in recent days, indicating a lack of demand at higher levels.
The price slipped to the 50 -day SMA ($ 2.94), which can act as solid support. If the price bounces from the 50-day SMA, the Bulls will try to drive the XRP / USDT pair above the downward trend line. If they do this, the XRP price could come together at $ 3.40, then $ 3.66.
Conversely, a break below the 50 -day SMA could run the pair with a support of $ 2.73. A solid rebound on the level of $ 2.73 could reach the downward trend line. A break above the downward trend line suggests that the XRP price could be between $ 2.73 and $ 3.66 for a while.
Price prediction BNB
The repeated failure of the Bulls to maintain BNB (BNB) greater than $ 861 can try short -term buyers to reserve profits.
The BNB / USDT pair could slide towards the 20 -day EMA ($ 808), which is a critical medium to monitor. If the price bounces for 20 days EMA with force, it improves the prospects for a break greater than $ 861. If this happens, the price of the BNB could rise in the psychological level of $ 1,000.
Unlike this hypothesis, a break and a closure below $ 794 suggests that the pair can form a range between $ 732 and $ 861 for a while.
Solana price prediction
Solana (soil) rebounded on the level of $ 185 on Saturday, but the Bulls could not maintain the upper levels.
The price has decreased to EMA by 20 days ($ 182), which is likely to attract solid purchases by Bulls. If the price bounces mobile averages, the Bulls will again try to push the ground / USDT pair towards the resistance to the general costs of $ 210. If the level of $ 210 is crossed, the rally could reach $ 240.
Instead, if Solana’s price continues below and breaks below the 50 -day SMA ($ 172), the next stop could be the upward trend line.
In relation: Analysis of XRP prices: the bulls are in difficulty and must quickly recover $ 3
Dogecoin price prediction
Dogecoin (Doge) was stuck in a narrow range between $ 0.26 and $ 0.21 for a few days.
EMA at 20 days at 20 days ($ 0.22) and the RSI near the median point give a clear advantage to the Bulls or the Bears. If the price unscrewed below the support of $ 0.21, the DOGE / USDT pair could drop to $ 0.19, then to $ 0.16.
Uplining, Bulls will have to generate the Dogecoin price greater than $ 0.26 to report force. The pair can then question resistance to rigid general costs of $ 0.29. A break and a closure greater than $ 0.29 opens the doors for a rally at $ 0.35.
Cardano price prediction
Buyers kept Cardano (ADA) above $ 0.90, but have trouble pushing the price above the resistance of $ 1.02.
The two mobile averages are sloping, indicating an advantage for buyers, but the negative divergence on the RSI suggests that the upward momentum slows down. If the $ 0.90 support is cracking, the ADA / USDT pair could slide at EMA 20 days ($ 0.84). Buyers should defend the EMA of 20 days because a break below can flow the Cardano price in SMA of 50 days ($ 0.75).
If the price bounces from 20 days, it indicates purchases at lower levels. The Bulls will then try to resume the UP movement by pushing the price of more than $ 1.02. If they do this, the pair could soar $ 1.17.
Online price prediction
ChainLink (Link) has been on an upward trend for a few days, but the Bears are trying to calm the UP movement at $ 27.
The moving sliding averages indicate an advantage for buyers, but the negative divergence on the RSI suggests that the bullish momentum is weakening. Sellers will have to pull the price below the 20 -day EMA ($ 21.13) to gain the upper hand.
The first support for the decline is $ 24.31, then at the 20 -day EMA. If the price bounces from the 20-day EMA, the Bulls will again try to drive the Link / USDT pair above $ 27. If they manage to do so, the price of the channel could rise to $ 31.
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.