SPX, DXY, BTC, ETH, BNB, XRP, SOL, DOGE, ADA, HYPE Price Predictions

Key points:

• Bitcoin and several altcoins have bounced off Friday’s lows, but higher levels are likely to attract strong resistance from the bears.

• The price of BTC and selected altcoins could see range-bound movement for a few days.

US stock markets, Bitcoin (BTC) and altcoins are trying to claw their way up from the deep declines seen on Friday after US President Donald Trump announced a 100% tariff on China.

The decline was severe, resulting in about $20 billion being liquidated over the course of 24 hours, according to CoinGlass data. Many highly leveraged traders, lacking proper risk control, would have faced huge losses.

This removed some of the foam from the system, paving the way for stronger long-term investors to enter on the dips. The bounce has begun, but the runaway rally may not start quickly.

Economist Timothy Peterson told Cointelegraph on Sunday that Bitcoin will likely enter a “cooling off period” of three to four weeks before resuming its upward trend, albeit “at a slower pace than before.”

Can Bitcoin and altcoins benefit from a recovery, or will higher levels attract sellers? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

S&P 500 price prediction

The S&P 500 Index (SPX) fell sharply and fell below its 20-day EMA (6652) on Friday, indicating profit-taking by traders.

The bulls bought the dip to the 50-day SMA (6538) and pushed the price to the 20-day EMA. If the price drops sharply from the 20-day EMA, the bears will once again try to sink the index below the 50-day SMA. If they succeed, the correction may deepen to 6350 and then to 6200.

Alternatively, if the price closes above the 20-day EMA, this indicates that the correction may be over. The index may then retest its all-time high of 6,764.

US dollar index price prediction

The US Dollar Index (DXY) closed above its moving averages on Tuesday, indicating that bears are losing their grip.

The bulls pushed the price above the downtrend line on Thursday, but failed to build on the breakout. Sellers will likely try to push the price below the 20-day EMA (98.26), which is a critical short-term level to monitor.

A strong bounce off the 20-day EMA increases the probability of a break above 100.50. The index may then rise to the level of 102.

Conversely, closing below the moving averages indicates that the markets refused to break above the downtrend line. The index may then decline to the 97 level and then to the strong support level at 96.21.

Bitcoin price forecast

Sellers failed to complete the double top pattern in BTC as they were unable to achieve a close below the $107,000 support level.

Bitcoin fell to $102,000 on Friday, but quickly made a sharp rebound, suggesting buying at lower levels. BTC/USDT is expected to face selling at the 61.8% Fibonacci retracement level at $116,955.

However, if buyers overcome the resistance, the pair could rise to $121,020 and then to an all-time high of $126,199.

Conversely, if the price falls sharply from the current level, it is likely to find support at $109,500 and then at $107,000. Buyers are expected to strongly defend the $107,000 level as a break below it increases the risk of a breakdown below $100,000.

Ethereum price prediction

Sellers pulled Ethereum (ETH) below a bearish channel pattern on Friday and Saturday, but were unable to sustain the lower levels.

Ether price moved back into the channel on Sunday, indicating strong demand at lower levels. If the price drops sharply from the moving averages, the bears will once again seek to pull the ETH/USDT pair below the channel. If they succeed, this indicates that the pair may be making a top in the near term.

Contrary to this assumption, if the price breaks above the moving averages, this indicates that the pair may stay within the channel for a longer period. A breakout and close above the resistance line improves the odds of resuming the uptrend.

BNB price forecast

BNB (BNB) has seen significant volatility in the past few days. The bears pulled the price below the 20-day EMA ($1,145) on Friday, but the bulls regained the level on Saturday.

This indicates positive sentiment, as declines are considered a buying opportunity. BNB price surged to a new all-time high of $1,375 on Monday, but bulls are struggling to maintain higher levels. This indicates selling on highs.

The bears will try to consolidate their positions by pulling the price below the 20-day EMA. If they manage to do this, it indicates a short-term top.

Conversely, if the price rises and closes above $1,350, it indicates that the bulls are still in control. The BNB/USDT pair may then rise to the $1,609 area.

XRP price prediction

XRP (XRP) completed a bearish triangle setup on Friday and fell well below the pattern target at $1.72.

The slight upside is that the price of XRP has made a strong recovery from the low of $1.25, suggesting strong buying at lower levels. The relief rally is expected to reach the 20-day EMA ($2.77), where the bears are expected to step in. If the price falls from the 20-day EMA, the XRP/USDT pair could fall to $2.20, and thus to $2.

The bulls will have to push the price above the downtrend line to signal a return. Until then, the rallies are likely to be sold out.

Solana price forecast

Solana (SOL) price fell below a rising channel pattern on Friday, indicating that bears are trying to take control.

The buyers did not give up and bought the dip to $168. This started a sharp recovery on Sunday, pushing the SOL/USDT pair to the breakout level of the channel.

Related to: XRP rebounded 66% from the price collapse, regaining $75 billion in market cap

If the price declines and drops below $168, this indicates that the sentiment has turned negative. This increases the possibility of a drop to $155.

The bulls will be back in the game after they push Solana price above the moving averages. The pair could then rise towards the general resistance level at $260.

Dogecoin price forecast

Sellers pulled Dogecoin (DOGE) below the $0.14 support level on Friday but were unable to close below it.

Dogecoin price recovered sharply and returned to the large range between $0.14 and $0.29. The bulls will try to push the price to the 20-day EMA ($0.23), which could attract sellers. If the price falls below the 20-day EMA, the DOGE/USDT pair could fall to $0.18 and then to $0.16.

The next trend movement could start after the price closes above $0.29 or below $0.14. Until then, the pair is likely to fluctuate within the range.

Cardano price prediction

Cardano (ADA) broke below a bearish channel pattern on Friday and fell to the panic bottom at $0.27.

The lower levels attracted strong buying by bulls, who pushed the price to the breakdown level of the channel. Sellers are expected to pose a strong challenge in the area between the support line and the 20-day EMA ($0.78).

If Cardano price falls sharply from the resistance area, this indicates that the bears are still in control. The ADA/USDT pair could then fall to $0.60 and eventually to $0.50.

This negative outlook will be invalidated in the near term if the price continues to rise and breaks above the resistance line.

Excessive liquids price forecast

Hyperliquid (HYPE) completed a head and shoulders pattern on Friday and fell to its target target of $21.

Strong buying at lower levels has pushed the price to the neckline of the H&S pattern, where the bears are expected to mount a strong defense. If the price falls from the neckline, sellers will try to sink the HYPE/USDT pair below the $35.50 support level. If they can achieve this, Hyperliquid’s price could fall to $30.50.

Buyers likely have other plans. They will try to push the price above the moving averages, indicating that the corrective phase may be about to end.

This article does not contain investment advice or recommendations. Every investment and trading move involves risks, and readers should conduct their own research when making a decision.