Bitcoin is trading in a tight range, indicating a possible breakout soon, while Ether buyers are resisting bears, hinting at a rally continuation. Analysts predict a period of consolidation in the cryptocurrency market, with BTC potentially reaching $200k or $250k by year-end. Charts of top 10 cryptocurrencies are analyzed for potential breakouts and trends.
BTC bounced off the 50-day SMA, defending the level, with a potential rally to $123,218 if the 20-day SMA resistance is surpassed. A break below the 50-day SMA could lead to a drop to $100k. Meanwhile, Ether buyers aim to breach $3,745, with risks of a fall below $3,300.
XRP faces resistance near the 20-day SMA but has support at the 50-day SMA. Buyers must push above the 20-day SMA for a potential rise to $3.66, while a drop below the 50-day SMA could lead to a tumble to $2.40. BNB’s rally faces resistance at the 20-day SMA, with a potential drop to $706 if support at $732 is broken.
Solana struggles to maintain relief rallies, with the price potentially rising to $209 if it rebounds off the 50-day SMA. Dogecoin buyers defend the 50-day SMA but face resistance at $0.21, risking a descent to $0.14 if support is lost. Cardano bounces off the 50-day SMA but faces selling at $0.76, with a potential dive to $0.56 if support is breached.
Hyperliquid’s rally falters near the 50-day SMA, indicating bearish sentiment, while buyers may defend the zone to signal recovery. Stellar retreats from the 20-day SMA, potentially dropping to the 50-day SMA before a trending move. Sui faces bearish pressure at the 50-day SMA, risking a slump to $2.65 if sellers defend the 20-day SMA. Buyers need to drive the price above the 20-day SMA for a potential rally to $4.30.
Read more at Cointelegraph: Price Predictions for BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, XLM, SUI
