Key points:
-
Bitcoin is attempting a comeback and is anticipated to face strong resistance on the breakout level of $74,508.
-
Several major altcoins try a rally, suggesting that lower levels are attracting buyers.
Bitcoin (BTC) has risen above $68,500 as buyers try to set a better low near $65,000. According to Glassnode, BTC is trading between the true market average of $79,200 and the realized price near $55,000. The on-chain data provider expects the range-bound motion to proceed until a serious catalyst pushes the value either above or below the range.
Standard Chartered also had a muted forecast for BTC. She lowered the BTC goal from $150,000 for 2026 to $100,000. The bank expects BTC to fall to $50,000 in the subsequent few months, followed by a recovery for the remaining of the 12 months.
Daily view of crypto market data. Source: TradingView
Several analysts also say that BTC has not yet bottomed out. Crypto analyst Tony Research said in a post
Could BTC and the foremost altcoins start a recovery? To discover, let's analyze the charts of the highest 10 cryptocurrencies.
Bitcoin price prediction
BTC rose from $65,118 on Thursday, suggesting demand is at lower levels. The bulls will try to push the value towards the breakout level of $74,508.
BTC/USDT every day chart. Source: Cointelegraph/TradingView
If Bitcoin price declines sharply from the $74,508 level, it should indicate that the bears remain lively at higher levels. This could keep the BTC/USDT pair between $74,508 and $60,000 for a number of days. On the opposite hand, a break below the $60,000 support could send the pair lower to $52,500.
On the opposite hand, if buyers push the value above $74,508, it should indicate that selling pressure is easing. The pair could then rally to the 50-day easy moving average (SMA) ($85,046).
Ether price prediction
Buyers are attempting to push and hold Ether (ETH) above the $2,000 level, but bears are maintaining the pressure.
ETH/USDT every day chart. Source: Cointelegraph/TradingView
If the value declines from the present level or the resistance at $2,111, it should indicate that the bears are aggressively defending the extent. Ether price could then retest the critical support at $1,750. If the extent breaks, the ETH/USDT pair could extend the decline to the subsequent major support at $1,537.
On the opposite hand, buyers might want to quickly push the value above the 20-day exponential moving average (EMA) ($2,297) to signal a comeback. If they succeed, the pair could rise to the 50-day SMA ($2,800).
BNB price prediction
BNB (BNB) continues to progressively slide towards strong support at $570, a crucial level to look at out for.
BNB/USDT every day chart. Source: Cointelegraph/TradingView
If BNB price breaks below the $570 support, it should signal the beginning of the subsequent phase of the downtrend towards the psychological level of $500.
However, the Relative Strength Index (RSI) is in oversold territory, suggesting that a recovery rally is feasible within the near term. If the value rises from the present level, bulls will try to push the BNB/USDT pair above the $669 level. If they succeed, the pair could march towards the 20-day EMA ($710).
XRP price prediction
XRP (XRP) is clinging to the support line of the descending channel pattern, increasing the chance of a breakdown.
XRP/USDT every day chart. Source: Cointelegraph/TradingView
In this case, the XRP price could fall to the $1.11 level. This is a critical level that bulls must defend as a break below could proceed the downtrend. The XRP/USDT pair could then fall to $1 after which to $0.75.
On the opposite hand, if the value increases from the present level and breaks above the 20-day EMA ($1.55), it should suggest that the pair could remain inside the channel for a while. Buyers must achieve an in depth above the downtrend line to signal a possible trend reversal.
Solana price prediction
Solana (SOL) is trying to search out support at $77, but bears are more likely to sell on rallies.
SOL/USDT every day chart. Source: Cointelegraph/TradingView
The SOL/USDT pair could reach the breakout level of $95, where the bears are expected to pose a serious challenge. If the value declines sharply from the $95 level, it should indicate that the bears have turned the extent into resistance. Solana price could then fall to the $67 mark.
On the opposite hand, if buyers push the value above $95, the pair could rise to the 50-day SMA ($119). This suggests that the break below $95 can have been a bear trap.
Dogecoin price prediction
Dogecoin (DOGE) is attempting to get well from the $0.09 level, but bears proceed to sell on smaller rallies.
DOGE/USDT every day chart. Source: Cointelegraph/TradingView
If the Dogecoin price declines and falls below $0.09, the DOGE/USDT pair could fall to the $0.08 level. This is a vital level for bulls to defend as a break below could extend the downtrend to $0.06.
The first sign of strength will probably be a break and shut above the 20-day EMA ($0.10). The pair could then rally to the breakout level at $0.12, which can likely act as strong resistance. A break above $0.12 opens the door for a rally to $0.16.
Bitcoin Cash price prediction
Bitcoin Cash (BCH) broke below the $497 support on Thursday, but bulls didn’t sustain the lower levels.
BCH/USDT every day chart. Source: Cointelegraph/TradingView
The bulls try to push the value above the 20-day EMA ($536), but they’re expected to face significant resistance from the bears. If the value diverges from the 20-day EMA and falls below $493, the BCH/USDT pair could plummet towards the $443 level.
On the contrary, if the value breaks and closes above the 20-day EMA, it indicates demand at lower levels. Bitcoin Cash price could then rise to the 50-day SMA ($581), where bears are expected to mount a powerful defense once more.
Hyperliquid price prediction
Hyperliquid (HYPE) moved back above the 20-day EMA ($30.18) on Thursday, suggesting buying on dips.
HYPE/USDT every day chart. Source: Cointelegraph/TradingView
The flat 20-day EMA and the RSI just above the center point suggest a balance between supply and demand. Buyers must push the hyperliquid price above the $35.50 level to point that the correction phase could also be over. The HYPE/USDT pair could then rise to $44.
Contrary to this assumption, if the value trends lower and breaks below the 50-day SMA ($27.25), it should signal that the bears have a bonus. The pair could then fall to the $20.82 support.
Cardano price prediction
Cardano (ADA) stays inside the descending channel pattern, suggesting that bears proceed to be in charge.
ADA/USDT every day chart. Source: Cointelegraph/TradingView
The bears will attempt to strengthen their position by pulling the value below the support line and the $0.22 level. If they succeed, the ADA/USDT pair could fall to $0.20 and later to $0.15.
If Cardano price as an alternative increases from current levels and breaks above the 20-day EMA ($0.29), it should signal that the pair may remain inside the channel for a while. If the value closes above the channel, buyers will take control.
Monero price prediction
Monero (XMR) is facing resistance on the $360 breakout level, however the bulls haven’t ceded much ground to the bears.
XMR/USDT every day chart. Source: Cointelegraph/TradingView
This increases the probabilities of a break above $360. In this case, the bears will again attempt to stop the recovery on the 20-day EMA ($385). However, buyers can have other plans. They will try to break the 20-day EMA, paving the way in which for a rally towards the 50-day SMA ($460).
This positive view will probably be worn out within the near term if Monero price continues to say no and falls below $309. The XMR/USDT pair could then crash to $276, which is more likely to attract buyers.
This article doesn’t contain any investment advice or recommendations. Every investment and trading activity involves risks and readers should conduct their very own research when making their decision. While we try to supply accurate and up-to-date information, Cointelegraph doesn’t guarantee the accuracy, completeness or reliability of the data in this text. This article may contain forward-looking statements which can be subject to risks and uncertainties. Cointelegraph won’t be responsible for any loss or damage arising out of your reliance on this information.
