key points:
-
The risk of bitcoin in the weekend falls from $ 105,000 to $ 100,000 range.
-
Ether pulled back over the near period, but is above the significant $ 4,094 support.
Bitcoin (BTC) fell near $ 108,100 on Friday, its lowest level since 8 July. This shows that the bulls are losing their grip. Veteran businessman Peter Brant said in a post on X that BTC needs to climb above $ 117,570 “The last 7 weeks discount as a potential double top.”
Despite the near-projection weakness, network economist Timothy Peterson saw a boom on BTC prospects for the remaining year. In a post on X, Peterson said that BTC has extended 70% time till Christmas in the last four months, which records an average profit of 44%.
The uncertainty of BTC is leading investors to Ether (ETH). Since August 21, BTC exchange-traded funds have listed around $ 350 million in inflow, while Ath ETF has seen a flow of $ 1.87 billion, according to cooriating.
Nansen Research Analyst Nikolai Sandergard told Cointelagraph that investors are booking profits after BTC’s up move and “going to other tokens to catch the potential reverse.”
What are the important support levels to see in BTC and major altcoins? Let’s analyze the top 10 cryptocurrency charts to find out.
Bitcoin value prediction
BTC started recovering from $ 108,666 on Tuesday, but the recovery was out of the 20-day exponential moving average ($ 113,977) on Thursday.
The price decreased rapidly on Friday and fell below the support of $ 108,666. If the price keeps below $ 108,666, the BTC/USDT pair may fall to $ 105,000 and eventually for psychological support at $ 100,000.
The bulls will have to push the price above the moving average to explain that the sale pressure is decreasing. The price of bitcoin can then challenge the all -time high of $ 124,474.
Ether value prediction
On Tuesday, the Ath changed from the 20-day EMA ($ 4,378), but Beers stopped the recovery at $ 4,663.
The price decreased and broke below the 20-day EMA on Friday. If the Eth/USDT pair closes below the 20-day EMA, the next stop may be a breakout level of $ 4,094. Buyers are expected to aggressively defend the area between $ 4,094 and 50-day SMA ($ 3,939) as a brake bottom can deepen the pullback to $ 3,354.
Conversely, if the price changes from the current level of $ 4,094, it suggests solid purchases on Dips. Bulls will then try to run the price of ether above $ 4,788 to $ 4,868 zone. If they succeed, the pair can grow to $ 5,000 and after that, be $ 5,662.
XRP price prediction
In the last few days, the bulls failure have been fiercely defending the bulls failure to push the XRP (XRP) above the 20-day EMA ($ 3).
The bear will try to strengthen its position by pulling the XRP price for solid support at $ 2.73. Buyers are expected to defend the level of $ 2.73 with all of them as a close gates below it can open to fall to $ 2.20.
The first indication of strength will be a break over the 20-day EMA. This suggests that sales pressure may be reduced. The XRP/USDT pair can then climb the downtrend line, which is likely to act as a harsh barrier. Buyers may have to pierce the downtrend line to suggest that the improvement may end.
BNB price prediction
BNB (BNB) is watching a difficult battle between buyers and sellers at the brakeout level of $ 861.
The average moving average indicates a profit to buyers, but negative deviations on RSI suggest that the speed of boom may weaken. Sellers have to hang the price below the 20-day EMA ($ 844) to achieve the upper hand. The BNB/USDT pair can then have tumble in 50-day SMA ($ 794).
Instead, if the price changes from the 20-day EMA and breaks above $ 900, it indicates that buyers remain under control. The rally may then rise to a psychological level of $ 1,000.
Solana value prediction
Solana (Sol) overturned the 20-day EMA ($ 193) on Tuesday and rose above the $ 210 barrier on Thursday.
However, the bears were sold at a high level and pulled the price below $ 210. If the price keeps below $ 210, some aggressive bulls may get stuck. It can trigger long liquidity, drawing the price up to the uptrend line.
If the price is broken under the uptrend line, the SOL/USDT pair may remain a range-bound between $ 155 and $ 210 for some time.
On the other hand, a solid bounce from the 20-day EMA ($ 193) demands at the lower levels. Bulls will then make another attempt to run the price of Solana by $ 240 and eventually $ 260.
Dogocine value prediction
Dogecoin (DOGE) on Tuesday bounced the support of $ 0.21, but the bulls could not carry forward the price above the moving average.
The price reduced by a moving average, showing that bears are selling on every small rally. This increases the risk of brakes below the level of $ 0.21. If this happens, the price of dogcoin can be $ 0.19 and later $ 0.16.
To tell the bulls, the price above the moving average will have to be carried forward and maintains that the DOGE/USDT pair can stay for a while within the range of $ 0.21 to $ 0.26.
Cardano value prediction
Cardano (ADA) turned down from the 20-day EMA ($ 0.85) and has reached significant support in the 50-day SMA ($ 0.82).
If the 50-day SMA is broken, the short-term benefit will include the bear’s side. The ADA/USDT pair then risk falling by $ 0.76 and later $ 0.68. Buyers are expected to defend the level of $ 0.68 fiercely.
Inverted, the growth over the 20-day EMA suggests that the bulls are trying to return. The price of cardano can then reach the downtrend line, where the bear is expected to move. A close above the dowpernd line suggests that the improvement may end.
Connected: Is XRP going to crash in September?
Chainlink price prediction
Chanlink (Link) bounced the 20-day EMA ($ 23.56) on Thursday, but the bulls could not maintain high levels.
Beers are trying to strengthen their position by pulling a price below 20-day EMA. If they manage to do so, the link/USDT pair may deepen the improvement towards 50-day SMA ($ 20.23).
Buyers will have to defend the 20-day EMA fiercely and push the price above $ 27 backwardly to remain under control. If they do this, the channel can start the next leg of UP to $ 31 and after that, up to $ 36.
Exaggerated value prediction
Hyperlicid (hyp) broke above $ 49.88 resistance on Wednesday, but bulls could not maintain high levels.
The price is back on the moving average, which is a significant support to look out. If the value is away from the moving average with the force, the bulls will try to run above $ 51.19. If they manage to do so, the hyperlicid value may rally a rally towards a pattern target of $ 64.25.
This positive attitude will be invalid in the near period if the price continues low and breaks down under the uptrend line. This pair can drown up to $ 40 and later $ 36.
Needle price prediction
SUI (SUI) is oscillating within a large range between $ 3.26 and $ 4.44 for several days.
Price overturned the support of $ 3.26 on Tuesday, but Bulls could not overcome the obstruction of 20-day EMA ($ 3.57). This renews sales by bears, drawing the Sui/USDT pair to $ 3.26. Retests repeatedly weakens a support level. If $ 3.26 level cracks, the SUI price may move towards $ 3.
To stay within the range for a few more days, buyers have to maintain the price above the moving average.
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.
