Key points:
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Bitcoin and various altcoins have rebounded from their Friday lows, but they may face strong resistance at higher levels from bearish traders.
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BTC prices and select altcoins might experience range-bound trading over the next few days.
The US stock markets, Bitcoin (BTC), and altcoins are attempting to recover from significant declines seen on Friday, triggered by US President Donald Trump’s announcement of a 100% tariff on China.
The downturn was severe, causing around $20 billion in liquidations within 24 hours, according to CoinGlass data. Many traders with high leverage and inadequate risk management likely encountered significant losses.
This shakeout has cleared some excess from the market, creating opportunities for robust long-term investors to step in during dips. Although a rebound is underway, a sustained rally may take time to materialize.
Economist Timothy Peterson mentioned to Cointelegraph on Sunday that BTC is likely headed for a “cooling off period” lasting three to four weeks before its upward trend resumes, albeit at a more gradual pace.
Will BTC and altcoins continue their recovery, or will they attract sellers as prices rise? Let’s analyze the charts of the top 10 cryptocurrencies to find out more.
S&P 500 Index price prediction
The S&P 500 Index (SPX) dropped sharply and fell below the 20-day exponential moving average (6,652) on Friday, signaling profit-taking by traders.
Bulls bought the dip at the 50-day simple moving average (6,538) and pushed the price back to the 20-day EMA. If the price declines sharply from the 20-day EMA, bears may attempt to drive the index below the 50-day SMA. If successful, the correction could extend to 6,350 and then 6,200.
Alternatively, if the price closes above the 20-day EMA, it would indicate that the correction might be done, allowing the index to 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, signaling a loss of control by the bears.
The bulls managed to push the price above the downtrend line on Thursday, but have struggled to maintain this momentum. Sellers are likely to target a move below the 20-day EMA (98.26), a crucial short-term level to monitor.
A strong rebound from the 20-day EMA would increase the chances of a breakout above 100.50, potentially leading to a rise to the 102 level.
Bitcoin price prediction
Sellers failed to finalize a double-top pattern in BTC, as they could not close below the $107,000 support level.
The Bitcoin price dipped to $102,000 on Friday but quickly rebounded, indicating buying interest at lower levels. The BTC/USDT pair is anticipated to encounter selling pressure at the 61.8% Fibonacci retracement level of $116,955.
However, if buyers can overcome this resistance, the pair might climb to $121,020 before testing the all-time high of $126,199.
If the price sharply declines from its current level, support is expected at $109,500 and then $107,000. Buyers are likely to defend the $107,000 level fiercely, as a drop below it could increase the risk of a plunge below $100,000.
Ether price prediction
Sellers pushed Ether (ETH) below the descending channel pattern on Friday and Saturday but could not maintain those lower levels.
The Ether price rebounded and re-entered the channel on Sunday, indicating solid demand at lower levels. If it declines sharply from the moving averages, bears will again seek to drag the ETH/USDT pair below the channel, suggesting a potential top in the near term.
Conversely, if the price breaks above the moving averages, this signals that the pair may stay within the channel longer. A close above the resistance line would enhance the chances of an uptrend resumption.
BNB price prediction
BNB (BNB) has seen considerable volatility over the past few days. The price fell below the 20-day EMA ($1,145) on Friday but was reclaimed by bulls on Saturday.
This indicates positive sentiment, where dips are viewed as buying opportunities. The BNB price soared to a new all-time high of $1,375 on Monday, though bulls are struggling to maintain these elevated levels, suggesting selling on rallies.
Bears will attempt to strengthen their position by pulling the price back under the 20-day EMA. A successful test of this level would indicate a potential short-term peak.
Conversely, if the price rises and closes above $1,350, it would signal continued bullish control, possibly leading to a rally to $1,609.
XRP price prediction
XRP (XRP) completed a bearish descending triangle setup on Friday and fell below the pattern target of $1.72.
A minor positive note is that XRP made a solid recovery from the $1.25 low, indicating aggressive buying at lower levels. The relief rally is expected to reach the 20-day EMA ($2.77), where selling pressure may reemerge. Should the price decline from this level, the XRP/USDT pair could drop to $2.20 and then to $2.
The bulls must push the price above the downtrend line to signal a reversal. Until then, rallies are likely to be met with selling.
Solana price prediction
Solana (SOL) dipped below the ascending channel pattern on Friday, indicating bearish attempts to take control.
Buyers quickly stepped in, purchasing the dip at $168, which initiated a sharp recovery on Sunday, pushing the SOL/USDT pair back to the breakdown level of the channel.
Related: XRP rebounds 66% from price crash, regaining $75B in market value
If the price turns down and breaks below $168, it would signal a shift in sentiment toward the negative, increasing the likelihood of a decline to $155.
The bulls will regain momentum if they can elevate Solana’s price above the moving averages, potentially rallying toward the overhead resistance of $260.
Dogecoin price prediction
Sellers pushed Dogecoin (DOGE) below the $0.14 support level on Friday but failed to close below it.
The price rebounded sharply, re-entering the broader range of $0.14 to $0.29. The bulls will aim to push the price towards the 20-day EMA ($0.23), which may attract sellers. A drop below the 20-day EMA could lead the DOGE/USDT pair down to $0.18 and then to $0.16.
The next significant movement may initiate after the price closes above $0.29 or below $0.14. Until then, the pair is likely to fluctuate within the established range.
Cardano price prediction
Cardano (ADA) fell below the descending channel pattern on Friday, plunging to a low of $0.27.
Strong buying emerged at lower levels, pushing the price back to the breakdown level of the channel. Sellers are expected to present significant resistance in the zone between the support line and the 20-day EMA ($0.78).
If the Cardano price sharply declines from this resistance zone, it indicates that bears maintain control. The ADA/USDT pair could then sag to $0.60 and eventually to $0.50.
This negative outlook would be reversed in the short term if the price continues higher to break above the resistance line.
Hyperliquid price prediction
Hyperliquid (HYPE) executed a head-and-shoulders pattern on Friday, dropping to its target of $21.
Strong buying at lower levels pushed the price back to the neckline of the H&S pattern, where bears are likely to mount strong resistance. If the price declines from this neckline, sellers will attempt to drive the HYPE/USDT pair below the $35.50 support level. If successful, the Hyperliquid price could fall to $30.50.
However, buyers may have different plans, aiming to push the price above the moving averages, indicating the end of the corrective phase may be near.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
