From Cointelegraph

June 6, 2025 12:03 pm:

Bitcoin made a strong comeback from $100,000, facing resistance near $109,588. Hash Ribbons signal a new buy opportunity, suggesting buying the dip is wise. Corporations like Strategy and Metaplanet plan to increase their Bitcoin holdings, raising funds for acquisitions.

Ether slipped below $2,515, signaling profit booking. A possible range-bound action near $2,323 to $2,738 is expected. A breakout above $2,738 may lead to a rally towards $3,000. Conversely, a drop below $2,323 could push the price to $2,111.

XRP turned down from moving averages, heading towards $2 support. A break below $2 could signal a downtrend towards $1.27. On the upside, a close above $2.65 may keep the pair within the $2 to $2.65 range.

BNB dropped below 20-day EMA to $636, facing resistance at $693. Failure to break above the EMA may lead to a drop to $580. Buyers must defend the 50-day SMA to prevent further downside.

Solana failed to rise above 20-day EMA, dropping below $153. Support at $140 may be tested, with resistance at $160. A break above the EMA could push the price to $185, while a drop below $140 may lead to $120.

Dogecoin oscillates between $0.14 and $0.26, with support at $0.16 and $0.14. A break below $0.14 could lead to a drop to $0.10, while a breakout above $0.26 may push the price to $0.38.

Cardano nears $0.60 support, with a bearish outlook. A relief rally could face resistance at $0.70. Breaking below $0.60 may lead to a drop to $0.50, while a close above the moving averages may signal the end of the correction.

Hyperliquid forms a symmetrical triangle pattern, with resistance at $35.73. A breakout above the downtrend line could lead to a rally to $42.50. Alternatively, a breakdown below the triangle may push the price to $30.

Sui was rejected from the 50-day SMA at $3.44, bouncing off $2.86 support. Buyers may target $3.75 and $4.25 if the price stays above moving averages. Failure to break above could result in a drop to $2.50.

Chainlink fell below $13.20, staying within a descending channel pattern. Resistance at $14.57 may push the price to $11.89. A breakout above the resistance line could lead to a rise towards $18.

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