key points:
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Bitcoin slipped below $ 109,588, but the technical chart suggests that traders are buying each dip.
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Excessive advantage of bitcoin futures increases the risk of quick improvement.
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Selected altcoins have turned down from their respective overhead resistance levels, indicating that bears remain sellers on rallies.
Sellers have pulled bitcoin (BTC) $ 109,588 below breakout level, but is likely to attract buyers from the lower level. Investor interest with American spot bitcoin exchange-traded fund witness is stronger Flow of $ 934 million on 22 May According to Sosarwale data, $ 608 million on 21 May.
Glassnode said that overall overall for all time above $ 109,588 Profit quantity approximately $ 1 billionSilence more than $ 2 billion when the price rises more than $ 100,000 in December. This shows that investors hope that UP will continue.
Veteran businessman Peter Brant said in a post on X that bitcoin was on the target To hits between $ 125,000 and $ 150,000 By the end of August.
A strong rally attracts bookies who load on leverages. Coinglass data shows that Bitcoin futures open interest rose More than just $ 80 billion on 23 May. Excessive leverage increases the risk of forced liquidation, when prices become a witness to a sharp pullback. Therefore, traders should take care.
What are the important support levels for bitcoins and altcoins? Let’s analyze the top 10 cryptocurrency charts to find out.
Bitcoin value prediction
The sellers are trying to maintain a price below the breakout level of $ 109,588, which can implicate the aggressive bull. This can pull the price to a 20-day exponential moving average ($ 103,652).
A solid bounce from the 20-day EMA suggests that Bhavna remains positive and traders are buying on dips. Bulls will try to resume the price above $ 111,980 again. If they can close it, the BTC/USDT pair can flatter the target purpose of $ 130,000.
The first sign of weakness would be a break under the 20-day EMA. It cleans the path for a drop for a psychologically important level of $ 100,000. Buyers are expected to defend a level of $ 100,000 fiercely as a brake pair below it may immerse the 50-day simple moving averages ($ 94,001).
Ether value prediction
Ether (ET) $ 2,738 turned down from resistance, indicating that bears are strictly defending levels.
The Eth/USDT pair can fall to 20-day EMA ($ 2,388), which is a significant support to monitor. If the price is away from the 20-day EMA with strength, the bulls will try to clean the $ 2,738 barrier again. If they do this, the pair can grow to $ 3,000. There is resistance at $ 2,850, but it is likely to be crossed.
This positive attitude will be invalid in the near period if the price continues and breaks below the 20-day EMA. The pair can fall to $ 2,323 and then to $ 2,111.
XRP price prediction
XRP (XRP)) G was stuck within the range of $ 2.65 to $ 2.65, indicating the balance between supply and demand.
The 20-day EMA ($ 2.35) is flattened, and the RSI is near the midpoint, suggesting that the XRP/USDT pair can expand their stay within the range for a few more days.
A brake and close above $ 2.65 will complete a rapid inverted head and shoulder pattern, aiming to aim $ 3.70. Alternatively, a break below a level of $ 2 shows that the bear has shaken the bull. This increases the possibility of a drop by $ 1.60 and later to $ 1.27.
BNB price prediction
BNB (BNB) On May 23, $ 693 decreased rapidly from resistance, indicating aggressive sales by bears.
The BNB/USDT pair bounced the 20-day EMA ($ 647), as viewed with a long tail on the candlestick. This shows solid purchases at lower levels. Bulls will again try to insist on the price above $ 693. If they manage to do so, the pair can touch the sky from $ 732 to $ 761 resistance.
Instead, if the price decreases and breaks below the 20-day EMA, it suggests that bulls are booking profits. The pair may then fall for a 50-day SMA ($ 612).
Solana value prediction
Solana (Fifth note of musical scale) On May 23, climbing above $ 180 resistance, but bears are challenging a strong challenge at $ 185.
Aphsusing 20-day EMA ($ 167) and RSI in the positive field indicate that the least resistance is reverse. If buyers maintain the price above $ 185, the SOL/USDT pair can rally $ 210 and later $ 220.
Unlike this perception, if the price decreases and breaks below the 20-day EMA, it suggests that bulls are running to exit. This increases the risk of decline for 50-day SMA ($ 147).
Dogocine value prediction
Dogcoin (Dog) On May 23, $ 0.26 turned down from overhead resistance, indicating that bears are fiercely defending the level.
The DOGE/USDT pair can land for 20-day EMA ($ 0.21), which is a significant support to look out. A solid bounce from the 20-day EMA indicates a positive feeling, which improves the chances of brake above $ 0.26. If this happens, the pair can rally up to $ 0.35. $ 0.29 has resistance, but it is likely to be crossed.
This optimistic approach will be invalid in the near period if the price decreases and breaks below $ 0.21. It suggests a possible range-bound action between $ 0.14 and $ 0.26.
Cardano value prediction
Cardano (ADA) Inverted H&S pattern jumped from the neckline, but Bulls could not clean the overhead barrier at $ 0.86.
If the price is low and breaks under the neckline, it indicates that beer is active at high levels. The ADA/USDT pair can leave 50-day SMA ($ 0.69) and later at $ 0.60 for concrete support.
In contrast, a solid bounce from the 20-day EMA ($ 0.75) reflects demand at lower levels. Bulls will try to kick the price above $ 0.86 again. If they succeed, the pair may climb $ 1.01.
Connected: Bitcoin’s new all-time high has asked traders: Is BTC price overheating at $ 111K?
Needle price prediction
Buyers fail to push the needle (Needle) Above the overhead resistance of $ 4.25 on 22 May, it shows that bears are aggressively defending the level.
Repeated failure in crossing the level of $ 4.25 may have wooed short-term buyers to book profit. It pulled the price below the 20-day EMA ($ 3.73). If the price is below the 20-day EMA, the Sui/USDT pair may drop 50-day SMA ($ 3.09).
Conversely, if the price changes from the 20-day EMA and breaks above $ 4.25, it indicates a re-starting of UP’s move. The pair can climb to $ 5 and eventually $ 5.37, where the bear is expected to step into.
Exaggerated value prediction
Hyperlicid (Hyp) rose above 22 May from a rigid overhead resistance of $ 28.50, indicating the onset of the next phase of UP move.
Bulls pushed the price above $ 35.73 resistance on 23 May, but the long talk on candlestick shows that bears are trying to defend the level. If buyers do not do too much land for bears, the promotion/USDT pair may increase to $ 42.25.
Time is going on for the bear. If they want to return, they will have to pull the price rapidly under the 20-day EMA ($ 26.32). This indicates that the pair has formed a local top near $ 37.59.
Chainlink price prediction
chain link (Add) On May 22, the descending channel closed over the resistance line of the pattern, but the bull is finding it difficult to maintain speed.
Bear are trying to pull the price back to the descending channel. If the value skids below the neckline, it suggests that the breakout above the resistance line may be a bull mesh. The link/USDT pair can drown up to $ 13.20, which maintains the price stuck inside the channel for some more time.
In contrast, a solid bounce from the resistance line indicates that bulls are trying to flip in support. The pair can grow to $ 18 and then $ 19.80.
There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.
