Key points:
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Bitcoin remains stuck in a range, with traders’ expectations divided about the direction of the next significant move.
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Several major altcoins are showing weakness, suggesting that a wider trend reversal could be at play.
Bitcoin’s (BTC) volatility increased on Friday, but the price remains stuck inside the large $100,000 to $111,980 range. Market participants are divided on Bitcoin’s next breakout. In a poll, crypto analyst Matthew Hyland asked whether Bitcoin would go to $94,000 or $114,000 and the results were nearly split evenly.
The social media comments on Bitcoin are also divided equally. According to crypto research platform Santiment, for every bearish comment on Bitcoin, there were just 1.03 bullish comments. The firm’s social media analysis found that Bitcoin’s sentiment from retail was the most bearish since the initial tariff reaction on April 6.
Santiment marketing director Brian Quinlivan said in a report that the retail fear was a promising sign as markets “historically move in the opposite direction of retail’s expectations.”
Institutional investor confidence also remains strong as the US-based spot Bitcoin exchange-traded funds have recorded eight consecutive days of inflows per Farside Investors’ data.
What are the vital support and resistance levels to watch out for in Bitcoin and the altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price prediction
Bitcoin rebounded off the 50-day simple moving average ($104,634) on Friday and rose above the 20-day exponential moving average ($105,590). However, the bulls could not sustain the higher levels as seen from the long wick on the candlestick.
The bears will try to seize control by sustaining the price below the 50-day SMA. If they manage to do that, the BTC/USDT pair could drop to the psychologically crucial level of $100,000. Buyers are expected to aggressively defend the $100,000 level because failing to do so may start a deeper correction toward $93,000.
On the upside, the bulls will have to maintain the price above the 20-day EMA to signal strength. The pair could then climb to the downtrend line. Sellers are expected to pose a solid challenge between the downtrend line and the all-time high of $111,980.
Ether price prediction
Ether (ETH) is getting squeezed between the 20-day EMA ($2,551) and the 50-day SMA ($2,466), indicating uncertainty between the buyers and sellers.
The flattish 20-day EMA and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears. If the price breaks above the 20-day EMA, the ETH/USDT pair could rise to $2,738 and later to $2,879.
Conversely, a break below the 50-day SMA opens the doors for a fall to the vital support at $2,323. Buyers are expected to defend the level with all their might because a break below $2,323 could sink the pair to $2,111.
XRP price prediction
Buyers are trying to push XRP (XRP) above the 20-day SMA ($2.20), but the bears have held their ground.
The 20-day EMA has started to turn down gradually, and the RSI is in the negative territory, indicating a slight advantage for the bears. The pair could drop to the $2 level, which is a crucial support to keep an eye on. If the $2 level cracks, the XRP/USDT pair could tumble to $1.61.
On the contrary, if the price turns up from the current level or rebounds off $2 and breaks above the 50-day SMA ($2.27), it signals the pair may extend its stay inside the range for some more time.
BNB price prediction
BNB (BNB) is getting squeezed between the 20-day EMA ($652) and the horizontal support at $634, suggesting an imminent breakout in the near term.
If the price turns up and breaks above the 20-day EMA, it signals that the BNB/USDT pair may remain inside the $634 to $693 range for a few more days. The trend will turn in favor of the bulls on a close above $693.
Contrarily, a break and close below the $634 support indicates the range-bound action has resolved in favor of the bears. That could intensify selling, pulling the pair to the solid support at $580.
Solana price prediction
Buyers have kept Solana (SOL) above the $140 support but are struggling to clear the hurdle at the 20-day EMA ($152).
A tight consolidation near the $140 support heightens the risk of a breakdown. If that happens, the SOL/USDT pair will complete a head-and-shoulders pattern. The pair may fall to $123 and subsequently to $110.
Instead, if the price turns up and breaks above the 20-day EMA, it signals that the bulls are trying to keep the pair inside the $140 to $185 range for some more time. Buyers will be back in the driver’s seat on a close above $185.
Dogecoin price prediction
Buyers have maintained Dogecoin (DOGE) above the $0.16 level, but the failure to start a strong bounce increases the risk of a breakdown.
If the $0.16 level cracks, the DOGE/USDT pair could descend to the critical support at $0.14. A solid bounce off the $0.14 level suggests aggressive buying by the bulls. A break above the 20-day EMA could keep the pair stuck inside the $0.14 to $0.26 range for a while longer.
Contrary to this assumption, if the price continues lower and breaks below $0.14, it signals that the bears have overpowered the bulls. That opens the doors for a fall to $0.10.
Cardano price prediction
Cardano (ADA) has been witnessing a tough battle between the bulls and the bears near the $0.60 level.
The downsloping 20-day EMA ($0.65) and the RSI near the oversold zone signal an advantage to sellers. If the price remains below $0.60, the ADA/USDT pair could plunge to the crucial support at $0.50. Buyers are expected to fiercely protect the $0.50 support because the failure to do so may sink the pair to $0.40.
The first sign of strength will be a break above the 20-day EMA, suggesting solid buying at lower levels. The pair may then climb to the downtrend line.
Related: XRP onchain data shows why $3 is out of reach for now
Hyperliquid price prediction
Hyperliquid (HYPE) turned down and broke below the 20-day EMA ($37.61) on Thursday, suggesting profit-booking by the short-term bulls.
The bears will try to strengthen their position by pulling the price to the 50-day SMA ($31.81). Buyers are expected to vigorously defend the 50-day SMA. If the price turns up from the 50-day SMA, the relief rally could face selling at the 20-day EMA. If the price turns down from the 20-day EMA, the HYPE/USDT pair could plunge to $28.50.
Buyers will have to push and maintain the price above the 20-day EMA to regain control. That suggests solid demand at lower levels. The bulls will then try to push the pair to $42.50.
Bitcoin Cash price prediction
Bitcoin Cash (BCH) turned up from the $462 level on Thursday and reached the stiff overhead resistance of $500.
Sellers will attempt to defend the $500 level, but if buyers do not give up much ground, the possibility of a break above the overhead resistance increases. If that happens, the BCH/USDT pair could reach $550.
Sellers will have to pull the price below the 20-day EMA ($442) to weaken the bullish momentum. The pair may then slide to the 50-day SMA ($414), which is a crucial support to watch out for.
Sui price prediction
Sui (SUI) has been trading below the $2.86 support since Tuesday, signaling that the bears have kept up the pressure.
The downsloping 20-day EMA ($3.10) and the RSI in the negative territory indicate an advantage to sellers. If the price dips below $2.68, the SUI/USDT pair could plunge to $2.50 and thereafter to $2.
The first sign of strength will be a break and close above the 20-day EMA. Such a move suggests the markets have rejected the breakdown below $2.86. The pair may then climb to the 50-day SMA ($3.46).
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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