Bitcoin shows potential bullish patterns above $85,000, while gold’s strong market performance influences crypto sentiment. Analyses detail price movements for top cryptocurrencies, including critical support and resistance levels, signalling potential market reactions for BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LEO, LINK, and AVAX.
Fast Summary
Bitcoin (BTC) has reached above $85,000, indicating a potential higher low at $83,000, with broader market influences stemming from US tariffs and trade dynamics. Gold has seen significant inflows, creating a juxtaposition for crypto investors, who speculate that Bitcoin may follow suit. Detailed analyses are provided for ten cryptocurrencies, including critical support and resistance levels for market forecasts.
Bitcoin Price Analysis
Bitcoin could not surpass the 200-day simple moving average (SMA) of $87,660 but remains above the 20-day exponential moving average (EMA) at $83,289. The flattening EMA and RSI near the midpoint indicate waning bearish momentum. A breakthrough above $200-day SMA may cause an increase to $95,000 and potentially $100,000. Conversely, falling below $20-day EMA could lead to declines towards $78,500 and $73,777.
Ether Price Analysis
For Ether, the rally stalled at the 20-day EMA ($1,697), with sellers aiming to push it below $1,471. A decline past this level can see it drop to $1,368, with further falls to $1,150 possible. A break above $1,754 is necessary for a rally towards $2,111, surpassing potential resistance at the 50-day SMA ($1,919).
XRP Price Analysis
XRP fell below the 20-day EMA ($2.10) and approached critical support at $2. The flat EMA and RSI near the midpoint imply range-bound movement between $2 and the 50-day SMA ($2.23). A strong upwards breakout above $2.23 could signal a shift in market sentiment, while a dip below $2 could lead to values as low as $1.61.
BNB Price Analysis
BNB trades within a triangle pattern, indicating buyer support at $566. A downturn below $550 may retest support levels. Conversely, a rebound could propel it up through the downtrend line toward $644. The downsloping averages suggest a slight bearish edge remains in play.
Solana Price Analysis
Sellers are defending the 50-day SMA ($130) for Solana, with a push to below $120 expected. The flattish EMA and RSI near midpoint indicate indecision. If buyers defend the $120-$110 support, there might be an attempt to rally above the 50-day SMA toward $153. Below $110, it could slide to $95.
Dogecoin Price Analysis
Dogecoin approaches critical support at $0.14, where buying activity may emerge. An RSI divergence hints at diminishing selling pressure, with potential upward movement above the 50-day SMA ($0.17) if a turnaround happens. A drop below $0.14 would resume downtrends toward $0.10.
Cardano Price Analysis
Cardano faced resistance at the 20-day EMA ($0.64), with sellers looking to push prices below $0.58. Failure to hold $0.58 could lead to a decline towards $0.50. Nevertheless, a breakout above the 50-day SMA ($0.70) could signify a possible rally to $0.83.
UNUS SED LEO Price Analysis
UNUS SED LEO has moved beyond the 20-day EMA ($9.39) amidst strong buying interest. Minor resistance exists at the 50-day SMA ($9.58), with upward movement towards $9.90 pivotal. A breach of this level could initiate trends towards $12.04.
Chainlink Price Analysis
Chainlink struggles at the 20-day EMA ($12.81), with minor support at $11.68. A breakdown below supports the potential for declines to $8. Buyers must push above moving averages for a chance to rise toward $16, initiating a trend change if successfully executed.
Avalanche Price Analysis
A failure to breach the downtrend line in Avalanche may prompt profit-taking, leading to attempts to drop below the 20-day EMA ($18.98). Continued pressure could see prices fall to $15.27, with key defence expected there. Conversely, a breakout above the downtrend line could rally to $23.50, ultimately towards $31.73.
