Main points:
-
Bitcoin fell to less than 109,588 dollars, but technical plans indicate that merchants buy every decline.
-
Bitcoin’s excessive leverage increases the risk of rapid correction.
-
Altcoins has rejected the levels of public resistance to each of them, indicating that the bears remain sellers on the marches.
The sellers pulled Bitcoin (BTC) below the penetration level of $ 109,588, but it is likely to attract low levels of buyers. The interest of the investor is still strong, as Bitcoin boxes circulating in the United States are witnessing flows of $ 934 million on May 22 and $ 608 million on May 21, according to Sosovalue data.
Glassnode noted that the highest level higher than 109,588 dollars led to the total profit achievement volume of about $ 1 billion, and more than $ 2 billion when the price rose above $ 100,000 in December. This indicates that investors expect the emerging step to continue.
Veteran Petter Brandt said in a post on X that Bitcoin was on a goal of between 125,000 dollars and $ 150,000 by the end of August.
It attracts a strong march of speculators with leverage. Coinglass data shows that the open interest in Bitcoin Future has increased to a little more than $ 80 billion on May 23. Increasing the leverage increases the risk of forced liquidation when prices witness a sharp decrease. Therefore, merchants must be careful.
What are the critical support levels for Bitcoin and Altcoins? Let’s analyze the plans from the 10 best encrypted currencies to discover this.
Bitcoin prediction
Sellers try to keep the price less than the level of penetration of $ 109,588, which may block aggressive bulls. The price can be pulled to the SIA moving average for 20 days (103,652 dollars).
The steel bounce of EMA for 20 days indicates that the feelings are still positive and that traders buy from the decreases. The bulls will again try to resume the upward trend by paying the price above 111,980 dollars. If they can withdraw it, the BTC/USDT pair may be able to target the target of $ 130,000.
The first sign of weakness will be a break under EMA for 20 days. This removes the path to drop to the decisive psychological level of $ 100,000. Buyers are expected to defend $ 100,000 because the break below may flood the husband to the simple moving average for 50 days (94,001 dollars).
Predicting the price of ether
Ether (ETH) refused the 2738 dollar resistance, indicating that the bears are strongly defending the level.
The ETH/USDT pair can decrease to EMA for 20 days ($ 2,388), which is a vital support for monitoring. If the price is recovered from EMA for 20 days strongly, Bulls will try again to scan $ 2738. If they do, the husband may rise to $ 3,000. There is resistance at $ 2,850, but it is likely to be crossed.
This positive offer will be nullled in the near term if the price continues to decrease and EMA collapses for 20 days. The husband can drown to $ 2,323 and then to $ 2,111.
XRP prediction price
XRP (XRP) remains stuck within the 2.65 dollar range to $ 2, indicating a balance between supply and demand.
EMA for 20 days ($ 2.35) is settled, and the relative strength index is near the center point, indicating that the XRP/USDT pair may extend his residence within the range for another few days.
A break and closing $ 2.65 will complete a style with a head and a backfield, whose goal is 3.70 dollars. Instead, a lower two -dollar break indicates that the bears have overcome the bulls. This increases the possibility of a decrease to $ 1.60 and then to $ 1.27.
Predicting BNB Price
BNB (BNB) sharply rejected the resistance of $ 693 on May 23, indicating an aggressive sale by the bears.
The BNB/USDT pair of EMA wore 20 days ($ 647), as it appears from a long tail on the candlestick. This indicates a solid purchase at lower levels. The bulls will again try to pay the price above $ 693. If they can do this, the husband may rise to a $ 732 resistance area to $ 761.
Instead, if the price rejects and is broken less than the EMA for 20 days, it indicates that the bulls reserve the profits. The husband may then decrease to SMA for 50 days ($ 612).
Predicting at the price of Solana
Solana rose over $ 180 on May 23, but the bears constituted a strong challenge at $ 185.
EMA indicates a 20 -day board ($ 167) and RSI in the positive area that the least resistance path is the upper direction. If buyers keep the price over $ 185, the Sol/USDT husband can rise to $ 210 and then to $ 220.
Unlike this assumption, if the price is divided and EMA collapses for 20 days, it indicates that the bulls rush to the exit. This increases the risk of declining to SMA for 50 days ($ 147).
Predicting the price of Dogecoin
Dogecoin (DOGE) rejected the public resistance of $ 0.26 on May 23, indicating that the bears are strongly defending the level.
The DOGE/USDT pair can go to EMA for 20 days ($ 0.21), an important support to keep it. The steel bounce of EMA for 20 days indicates a positive feeling, which improves the possibility of a break more than $ 0.26. If this happens, the husband can gather to $ 0.35. There is resistance at $ 0.29, but it is likely to be crossed.
This optimistic offer will be nullled in the short term if the price decreases and less than $ 0.21 collapses. This indicates a possible interconnected procedure between $ 0.14 and $ 0.26.
Cardano prediction
Cardano (ADA) bounced on the neck line to the Achi -style H & S, but the bulls were unable to scan the public obstacle at $ 0.86.
If the price continues to decrease and broken below the neck line, it shows that the bears are active at higher levels. The ADA/USDT pair can decrease to SMA for 50 days ($ 0.69) and later to solid support at $ 0.60.
On the contrary, the steel bounce of EMA for 20 days ($ 0.75) indicates demand for lower levels. The bulls will try again kicking the price over $ 0.86. If successful, the husband can climb to $ 1.01.
Related to: The new Bitcoin has absolutely that traders are asking: Will the BTC price heat at $ 111,000?
SUI price prediction
Buyers failed to pay SUI (SUI) over the 4.25 dollar resistance on May 22, indicating that the bears are strongly defending the level.
Repeated failure in crossing the level of $ 4.25 may have tended to buyers in the short term to book profits. This withdraw the price less than EMA for 20 days ($ 3.73). If the price is less than EMA for 20 days, the sui/USDT pair may decrease to SMA for 50 days ($ 3.09).
On the contrary, if the price appears from the EMA for 20 days and can exceed $ 4.25, it indicates the resumption of the rising step. The husband can climb to 5 dollars and eventually to $ 5.37, where the bears are expected to enter.
Predicting the price of liquid height
The height of the liquid (noise) increased over the cruel public resistance of $ 28.50 on May 22, indicating the start of the next leg of the UP movement.
The bulls paid the price over the resistance of $ 35.73 on May 23, but the long wart on the candlestick shows that the bears are trying to defend the level. If buyers do not give up much of the ground, the noise pair/USDT may rise to $ 42.25.
Time runs out for bear. If they want to return, they will have to pull the price at a speed of 20 days from EMA ($ 26.32). This indicates that the husband has formed a local summit near $ 37.59.
ChainLink price prediction
ChainLink (Link) was closed over the resistance line of the descending canal style on May 22, but the bulls find it difficult to keep the momentum.
Bears try to pull the price back to the concession channel. If the price slides below the neckline, it indicates that the hacking over the resistance line may be a bull trap. The bonding pair/USDT may drown to $ 13.20, making the price stuck inside the channel for some time.
On the contrary, the solid bounce of the resistance line indicates that the bulls try to turn the level to support. The husband can rise to $ 18 and then to $ 19.80.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
Related Articles
