Bitcoin’s drop below $104K caps the start of altcoin season
Key points:
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Bitcoin’s optimistic momentum has weakened, which increases the possibility of a correction at $ 100,000.
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Altcoins are likely to follow the price of Bitcoin and to consolidate near their most immediate support levels.
Failure to comply with Bitcoin (BTC) to exceed $ 109,588 may have tried short-term buyers to reserve profits. This brought the price to less than $ 104,000 on May 304,000. The Bitcoin Bitcoin negotiated funds recorded a net release of $ 347 million on May 29, its first outing since May 13, according to Coinglass.
The founder of Derive, Nick Forster, told Cintelegraph that Bitcoin is likely to enter a consolidation phase, which will be “a healthy break” before another “significant movement”.
Analyst Willy Woo had a similar opinion. In an article on X, Woo said that the current week was essential because a lack of follow -up could lead to another consolidation.
Short -term withdrawal has not changed the long -term view. The Stockmoney Lizards negotiation account said in a position on X that Bitcoin could reach up to $ 200,000 in 2025 and possibly extend the move to $ 250,000 next year.
What levels of critical support could stop the drop in Bitcoin and Altcoins? Let’s analyze the graphics of the 10 best cryptocurrencies to discover it.
Bitcoin price prediction
Bitcoin is fell to the 20 -day exponential mobile average ($ 105,485), which is likely to attend a difficult battle between the Bulls and the Bears.
If the price closes below the 20 -day EMA, the BTC / USDT pair could sell for $ 100,000. Buyers should fiercely defend the area between $ 100,000 and the 50 -day single mobile average ($ 97,775). If the price bounces from the support area, the Bulls will try to push the pair at $ 109,588.
Alternatively, if the price arises in relation to the 20 -day EMA, it signals a positive feeling. This increases the probability of a break over the resistance of $ 111,980. The pair could then reach $ 130,000.
Ether price prediction
Buyers pushed the ether (ETH) above the resistance of $ 2,738 on May 29, but could not maintain the higher levels. The reservation of profits pulled the price to the trend line increased on May 30.
The EMA at 20 days ($ 2,497) and the RSI in the positive territory indicate an advantage to buyers. If the price rebounds from the upward trend line with force, the Bulls will again try to release the obstacle to $ 2,738. If they can remove it, the pair will complete an upward triangle pattern. The ETH / USDT pair can then go back to $ 3,000 and possibly the model of $ 3,153.
Conversely, a break and a closure below the 20 -day EMA invalidates the upward configuration. This could flow the pair at $ 2,323, then at SMA of 50 days ($ 2,098).
XRP price prediction
XRP (XRP) slipped under the 50 -day SMA ($ 2.25) on May 30, indicating that bears mastered the bulls.
The XRP / USDT pair could switch to solid support at $ 2. Buyers should defend the level of $ 2 of all their might because a break below increases the risk of downward trend. The pair could first retest the support of $ 1.61 and dive later at $ 1.27.
Instead, if the price bounces for $ 2, it suggests that the Bulls are trying to keep the pair inside the range for a few more days. Bulls will have to push the price of more than $ 2.65 to take control.
Price prediction BNB
Buyers failed to kick BNB (BNB) above the resistance of $ 693 on May 29, which resulted in a decline in the upward trend line.
A rebound on the upward trend line indicates a positive feeling. Buyers will have to reach a fence greater than $ 693 to complete the Haussier ascendant triangle model. If they do this, the BNB / USDT pair could get back to $ 732 and later to the model of $ 752.
Unlike a break below the 20 -day EMA ($ 661) invalidates the bullish configuration. This could trap aggressive bulls, pulling the pair with a support of $ 644 and later at SMA of 50 days ($ 626).
Solana price prediction
Solana (soil) broke out below the 20 -day EMA ($ 168) on May 29, signaling the profit book by short -term merchants.
The ground / USDT pair could switch to the assistance of $ 153, which is likely to attract buyers. If the price bounces from the level of $ 153 and exceeds the EMA of 20 days, it suggests a short -term beach training.
The next trend decision is expected to start more than $ 180 or less than $ 153. If the Bulls propel the price of more than $ 180, the pair could come together in the resistance zone from $ 210 to $ 220. On the other hand, a break below $ 153 could run the pair at $ 141 and subsequently at $ 133.
Dogecoin price prediction
DOGECOIN (DOGE) plunged below the support of $ 0.21 on May 30, bringing the large beach into play from $ 0.26 to $ 0.14.
There is a 50 -day SMA support ($ 0.19), but if the level cracks, the Doge / USDT pair could drop to $ 0.16. Buyers should fiercely defend the area between $ 0.16 and $ 0.14, because a break below could run the pair at $ 0.10. A solid rebound in the support area could keep the pair stuck inside the beach for a while.
Buyers will have to generate the price above the resistance of $ 0.26 to point out the start of the next stage of the UP movement. The pair could then reach $ 0.34.
Cardano price prediction
Cardano (ADA) fell below the neckline of the opposite H&S motif on May 29, and the Bears pulled the price below the SMA of 50 days ($ 0.71) on May 30.
If the price is maintained below the 50 -day SMA, this suggests that the Bulls rush at the exit. The ADA / USDT pair could drop to $ 0.60, where buyers should intervene. An $ 0.60 rebound could indicate a possible short -term beach training.
Bulls will have to push and maintain the price above the 20-day EMA ($ 0.74) to report force. The pair could reach resistance to general costs of $ 0.86, which is a critical level to monitor. A break and a closure greater than 0.86 could catapult the pair at $ 1.01.
In relation: How much can the price of bitcoin?
SUD price prediction
SUP (SUI) rebounded on the 50 -day SMA ($ 3.30) on May 30, which indicates that the lower levels continue to attract buyers.
Bulls will have to push and maintain the price above the 20-day EMA ($ 3.64) to report force. The SUI / USDT pair could climb to the resistance area from $ 3.90 to $ 4.25.
Unlike this hypothesis, if the price drops of 20 days EMA, it suggests that feeling has become negative and that traders sell rallies. This increases the risk of a break below SMA of 50 days. The pair could then drop solid support at $ 2.86.
Hyperliquid price prediction
The hyperliquid (hype) attempts to bounce back on the 20 -day EMA ($ 30.32), but the long wick on candlestick signals sold on gatherings.
Bulls will have to push the price above the resistance to general costs of $ 35.73 to erase the path for a rally at $ 40 and subsequently at $ 42.50. Sellers are expected to mount a solid defense at $ 42.25, but if the Bulls prevail, the media / USDT threshing pair could drop to $ 50.
This positive point of view will be invalidated in the short term if the price drops and breaks below the 20 -day EMA. This could reduce the pair to $ 28.50 and, after that, at SMA by 50 days ($ 23.33).
Online price prediction
Chainlink’s incapacity (link) to be maintained above the resistance line may have tried short-term buyers to reserve profits.
The bears try to maintain the price below the neckline of the reverse H&S pattern. If they succeed, this suggests that the markets have rejected the rupture of the bullish configuration. This could flow the Link / USDT pair at $ 13.20, extending the living room inside the canal model descending for a little more time.
The first sign of strength will be a break and will close above $ 18. Such a decision suggests solid purchases at lower levels and opens the doors of a rally to the model of $ 20.50.
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.