Bitcoin is currently hovering around $105,000, but its inability to maintain momentum suggests waning demand. Analysts predict a fall to the pivotal $100,000 mark, with Willy Woo stating that while short-term buying might seem unwise, Bitcoin could emerge as a strong investment over the next decade. Sygnum Bank echoes this with insights on institutional adoption causing a tightening of Bitcoin's liquid supply, possibly leading to future demand surges.
In price predictions, Bitcoin must break above $106,800 to challenge resistance levels at $109,588 to $111,980. On the downside, a dip below $103,000 could trigger a rapid drop toward $100,000.
For Ethereum, positive sentiment remained strong after a bounce off the 20-day EMA at $2,528, with targets of $3,000 and $3,153 in sight if buyers can breach the $2,738 resistance. Conversely, a drop below the 20-day EMA may pull it towards $2,323.
XRP is facing similar challenges at its moving averages; a rebound from $2 would suggest continued range-bound trading, while a close above the moving averages could see it rise toward $2.65 and potentially $3.
BNB has managed a strong position above its 20-day EMA of $661, and a push past $693 could launch it further up to $761, but any retreat below $661 may suggest range-bound trading.
Solana is battling at the $163 moving average, with key support at $153. A rise above this level may allow for gains to $185, but another downturn could push the price down to the $140 support.
In the Dogecoin arena, holding above $0.19 suggests a lack of panic selling. If it can clear resistance at $0.23 and then $0.26, an upward movement is possible, but a strong decline from current levels could see it slip to $0.14.
Cardano remains stable at $0.64, but it must break above the moving averages to aim for $0.86 and higher. A dip may push it to $0.50.
Sui hasn't regained momentum above $3.40 and could be vulnerable to a drop below $3.05, with sellers currently having the edge.
For Hyperliquid (HYPE), buyers have shown strength, challenging the overhead resistance at $42.50 after pushing the price past $35.73. If this level holds, HYPE could soar.
Chainlink has seen bit of resistance following a bounce from $13.20; it must clear resistance at the descending channel's line to move forward, with a compelling push needed to shake off bearish pressure.
In price predictions, Bitcoin must break above $106,800 to challenge resistance levels at $109,588 to $111,980. On the downside, a dip below $103,000 could trigger a rapid drop toward $100,000.
For Ethereum, positive sentiment remained strong after a bounce off the 20-day EMA at $2,528, with targets of $3,000 and $3,153 in sight if buyers can breach the $2,738 resistance. Conversely, a drop below the 20-day EMA may pull it towards $2,323.
XRP is facing similar challenges at its moving averages; a rebound from $2 would suggest continued range-bound trading, while a close above the moving averages could see it rise toward $2.65 and potentially $3.
BNB has managed a strong position above its 20-day EMA of $661, and a push past $693 could launch it further up to $761, but any retreat below $661 may suggest range-bound trading.
Solana is battling at the $163 moving average, with key support at $153. A rise above this level may allow for gains to $185, but another downturn could push the price down to the $140 support.
In the Dogecoin arena, holding above $0.19 suggests a lack of panic selling. If it can clear resistance at $0.23 and then $0.26, an upward movement is possible, but a strong decline from current levels could see it slip to $0.14.
Cardano remains stable at $0.64, but it must break above the moving averages to aim for $0.86 and higher. A dip may push it to $0.50.
Sui hasn't regained momentum above $3.40 and could be vulnerable to a drop below $3.05, with sellers currently having the edge.
For Hyperliquid (HYPE), buyers have shown strength, challenging the overhead resistance at $42.50 after pushing the price past $35.73. If this level holds, HYPE could soar.
Chainlink has seen bit of resistance following a bounce from $13.20; it must clear resistance at the descending channel's line to move forward, with a compelling push needed to shake off bearish pressure.
