Key points:
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The sellers broke the price below $ 115,000, but have trouble maintaining the lower levels.
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Several altcoins have lowered themselves to their respective support levels, which are likely to hold.
Bitcoin (BTC) fell below $ 115,000 support on Friday, but the decline could be limited. Bitcoin cash companies were in purchase, having raised more than 791,662 BTCs worth around 93 billion dollars, according to a Galaxy research report published Thursday.
The BTC increased by more than 8% in July, and analysts expect the UP’s decision to continue, despite the month of August to register average monthly gains by only 1.61%. The reason for the bullish feeling is that BTC’s performance in August, one year after the reduction in half, experienced net gains by 30%, 65% and 14% in 2013, 2017 and 2021. If history is repeated, BTC could rally to a new record greater than $ 123,218 in next month.
In addition, Ether (ETH) has also aroused significant institutional interest. Funds on the United States Stock Exchange Spot recorded net entries of $ 5.43 billion in July, a massive increase compared to June $ 1.16 billion, according to Tracker ETF Sosovalue.
What are the crucial levels of support to monitor BTC and Altcoins? Let’s analyze the graphics of the 10 best cryptocurrencies to discover it.
Bitcoin price prediction
BTC Price fell to the neckline of the opposite pattern of the head and shoulders, which is a critical level to monitor.
If the price rebounds in the neck with force, it indicates that the Bulls are trying to switch the level in support. A break over the simple 20-day mobile average ($ 118,06) improves the prospects for a gathering at $ 123,218. Sellers should aggressively defend the level of $ 123,218, but if buyers prevail, the BTC / USDT pair could rise to $ 135,000.
The zone between the neckline and $ 110,530 is likely to attract solid purchases by the Bulls, because a break below could intensify the sale. The pair could then fall to $ 105,000 and finally to $ 100,000.
Ether price prediction
ETH closed below the assistance of $ 3,745 Thursday, reflecting the profits book by short -term merchants.
The price has reached the 20 -day SMA ($ 3,590), which is a crucial support to look at. If the price bounces for 20 days SMA with force, the Bulls will try to push the ETH / USDT pair above $ 3,941. If they can remove it, the pair can rise to $ 4,094. Sellers should set up a solid defense at $ 4,094.
Lowering, a break and a closure below the 20 -day SMA could sink the pair in the Fibonacci trace level at 50% of $ 3,422 and later in the retirement level of 61.8% of $ 3,300.
XRP price prediction
Buyers tried to repel XRP (XRP) above 20 days ($ 3.19) SMA on Thursday, but the Bears kept good.
The sellers pulled the price below the crucial support of $ 2.95, but the long tail on the candlestick shows solid purchases at lower levels. The Bulls will again try to drive the XRP / USDT pair above the 20-day SMA. If they do this, the pair can swing between $ 2.95 and $ 3.66 for a while.
Conversely, if the price decreases and closes below $ 2.95 level, this suggests that the Bulls rush to the exit. This increases the risk of decline in significant support following SMA of 50 days ($ 2.62).
Price prediction BNB
BNB (BNB) closed below the $ 794 escape level on Thursday and reached 20 -day SMA ($ 761) on Friday.
Buyers should defend the 20 -day SMA vigorously because a break below could flow the BNB / USDT pair at $ 732. A deeper correction could delay the start of the next step in the upward trend.
Alternatively, a solid rebound on the 20 -day SMA signals of demand at lower levels. Buyers will then try to push the pair over $ 794. If they manage to do so, the pair could retest the resistance to general costs at $ 861.
Solana price prediction
The sellers thwarted the attempts of the Bulls to maintain Solana (soil) above the 20-day SMA ($ 179) on Thursday.
The next support for the decline is at SMA of 50 days ($ 161). If the price bounces from the 50-day SMA, the Bulls will try to drive the ground / USDT pair above $ 185. If they succeed, the pair could come together at $ 209.
On the contrary, a breakup and a closure below the 50 -day SMA indicates an advantage to the bears. The pair can collapse around $ 126, extending its stay inside the fork from $ 209 to $ 110 for a while.
Dogecoin price prediction
Dogecoin (DOGE) rebounded on the support of $ 0.21 on Wednesday, but the Bulls could not push the price above the 20-day SMA ($ 0.22).
The Bears sold near the 20 -day SMA and pulled the price below the support of $ 0.21. This suggests that the Doge / USDT pair could oscillate inside the large beach between $ 0.14 and $ 0.29 for a few more days.
The next decline support is at SMA of 50 days ($ 0.19). If the price bounces from 50 days SMA, the Bulls will try to push the price above the 20-day SMA. On the contrary, a break below the 50 -day SMA opens the doors with a drop to $ 0.14.
Cardano price prediction
Cardano (ADA) gradually slipped to the 50 -day SMA ($ 0.67), reporting that the bulls lose their grip.
The two mobile averages are flattened and the RSI is just below the median point, indicating a possible action linked to the beach in the short term. A 50 -day SMA rebound should face the 20 -day SMA sale ($ 0.79).
In relation: Bitcoin traders warn $ 123,000 in dollars: how much the BTC price go low?
If the price drops of SMA of 20 days and breaks below the 50 -day SMA, it suggests that bears control. The ADA / USDT pair could then slip at $ 0.56 and later with a solid support at $ 0.50.
Hyperliquid price prediction
The hyperliquid (hype) fell 20 -day SMA ($ 44.39) Thursday and ended under the ascending channel.
The Hype / USDT pair could decrease to $ 36, which is likely to act as strong support. Buyers will try to postpone the price in the channel, but can face significant resistance at the level of the failure. If the price turns away from the support line, this suggests that the Bears have overturned the level in the resistance. This could start a deeper correction at $ 32.
Buyers will have to quickly postpone the price above the 20-day SMA to prevent the movement of drawbacks. Such a movement suggests that degradation under the canal may have been a bear trap. It could start a rally at $ 48, then at $ 49.87.
Stellar price prediction
The withdrawal of Stellar (XLM) reached the level of Fibonacci retracement at 50% of $ 0.37, which is likely to attract buyers.
A rebound on the current level is expected to cope with the 20 -day SMA sale ($ 0.44). If the price drop in SMA of 20 days, the risk of decrease in the retracement of 61.8% by $ 0.34 increases.
The first sign of strength will be a break and close above the 20-day SMA. This opens the doors to a level of $ 0.52, where sellers should intervene. If the price decreases sharply by $ 0.52, the XLM / USDT pair could enter a consolidation period.
SUD price prediction
Buyers pushed SUP (SUI) above the 20-day SMA ($ 3.86) on Thursday, but the long wick on the candlestick shows the bear sold at higher levels.
The Bears are trying to strengthen their position by maintaining the price of less than $ 3.51. If they manage to do so, the SUI / USDT pair could switch to SMA of 50 days ($ 3.28).
Instead, if the price increases sharply and remains greater than $ 3.51, it suggests demand at lower levels. This could keep the pair inside the range of $ 3.51 to $ 4.44 for a while. Buyers will have to push and maintain the price of more than $ 4.44 to point out the start of the next UP stage at $ 5.37.
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.
