Bitcoin, Altcoin Relief Rally Aims to Restore Pre-Crash Range Highs

Key Points:-

Bitcoin is trying to bounce back, which is expected to face strong resistance at the $74,508 breakout level.

Many major altcoins are trying to recover, indicating that low levels are attracting buyers.

Bitcoin (BTC) rose above $68,500 as buyers tried to establish a high low near $65,000. According to Glassnode, BTC is stuck between the real market average of $79,200 and the price achieved near $55,000. The onchain data provider expects range-related action to continue until a major catalyst pushes the price above or below the range.

Standard Chartered also had a muted forecast for BTC. Down from $150,000 to $100,000 for 2026, the bank expects BTC to drop to $50,000 in the next few months, then recover for the rest of the year.

Many analysts also say that BTC has not bottomed out yet. Crypto analyst Tony Research said in a post on X that BTC will bottom out in the $40,000 to $50,000 zone, possibly “between mid-September and late November 2026.”

Can BTC and the major altcoins start to recover? Let's examine the charts of the top 10 cryptocurrencies to find out.

Bitcoin price prediction

BTC recovered from $65,118 on Thursday, which shows the demand for lower levels. The bulls will try to push the price towards the $74,508 breakout level.

If the price of Bitcoin drops significantly from the level of $74,508, it indicates that the bears will remain active at a higher level. That could keep the BTC/USDT pair between $74,508 and $60,000 for a few days. On the downside, a break below the $60,000 support could sink the pair to $52,500.

Alternatively, if buyers push the price above $74,508, it indicates that the selling pressure is decreasing. The pair may rally towards the 50-day simple moving average (SMA) ($85,046).

Ether price prediction

Buyers are trying to push Ether (ETH) above $2,000 and hold it, but bears continue to push.

If the price declines from the current level or from the $2,111 resistance, it indicates that the bears will defend the level strongly. Ether price may retest critical support at $1,750. If the level is broken, the ETH/USDT pair could extend its decline to the next major support at $1,537.

On the downside, buyers should quickly press the price above the 20-day exponential moving average (EMA) ($2,297) to signal a reversal. If it manages to do that, the pair could climb to the 50-day SMA ($2,800).

BNB price prediction

BNB (BNB) continues to slowly slide towards the strong support at $570, which is an important level to watch.

If the price of BNB falls below the $570 support, it will signal the start of the next bearish trend towards the $500 psychological level.

However, the Relative Strength Index (RSI) is in oversold territory, indicating that a rally is likely in the near term. If the price changes from the current level, the bulls will try to push the BNB/USDT pair above the $669 level. If they can pull off, the pair could march towards the 20-day EMA ($710).

XRP price prediction

XRP (XRP) is stuck to the support line of the descending channel pattern, which increases the risk of a breakdown.

If that happens, the price of XRP may drop to the $1.11 level. This is a very important level for bulls to defend, because a break below it can resume the downward trend. The XRP/USDT pair may fall to $1 and then to $0.75.

Conversely, if the price breaks out of the current level and breaks above the 20-day EMA ($1.55), it suggests that the pair may remain in the channel for some time. Buyers should move above the lower line to signal a possible trend reversal.

Solana price forecast

Solana (SOL) is trying to find support at the $77 level, but the bears can sell on rallies.

The SOL/USDT pair may reach the $95 breakout level, where the bears are expected to pose a strong challenge. If the price drops significantly from $95, it indicates that the bears have turned the level into resistance. Solana price may drop to $67 level.

Conversely, if buyers push the price above the $95 level, the pair may rally to the 50-day SMA ($119). That suggests a break below $95 could be a bear trap.

Dogecoin price prediction

Dogecoin (DOGE) is trying to break out of the $0.09 level, but the bears continue to sell in small rallies.

If the price of Dogecoin declines and breaks below $0.09, the DOGE/USDT pair may drop to the $0.08 level. This is an important level for the bulls to defend, because a break below it can extend the low to $0.06.

The first sign of strength will be a break and close above the 20-day EMA ($0.10). The pair may rally towards the $0.12 breakout level, which could serve as strong resistance. A break above the $0.12 level opens the doors for a rally to $0.16.

Bitcoin Cash price prediction

Bitcoin Cash (BCH) broke below the $497 support on Thursday, but the bulls could not sustain the lower levels.

The bulls are trying to push the price above the 20-day EMA ($536) but are expected to face strong resistance from the bears. If the price declines from the 20-day EMA and breaks below $493, ​​the BCH/USDT pair may drop to the $443 level.

Conversely, if the price breaks and closes above the 20-day EMA, it indicates the need for lower levels. The price of Bitcoin Cash can rally to the 50-day SMA ($581), the bears are waiting for strong resistance again.

RELATED: Bitcoin Open Interest Hits Lows Not Seen Since 2024: Is TradFi Abandoning BTC?

High Liquidity Price Prediction

Hyperliquid (HYPE) rose above the 20-day EMA ($30.18) on Thursday, indicating buying on the dips.

The flat 20-day EMA and RSI above the midpoint suggest a balance between supply and demand. Buyers need to push the price of Hyperliquid above $35.50 to signal that the correction phase is over. The HYPE/USDT pair may rise to $44.

Contrary to this assumption, if the price declines and breaks below the 50-day SMA ($27.25), it indicates that the bears have an edge. The pair could then fall to the $20.82 support.

Cardano price prediction

Cardano (ADA) remains in a descending channel pattern, indicating that the bears remain in charge.

The bears will try to strengthen their position by pulling the price below the support line and from the $0.22 level. If they manage to do that, the ADA/USDT pair could drop to $0.20 and later to $0.15.

Instead, if the price of Cardano breaks out of the current level and breaks above the 20-day EMA ($0.29), it suggests that the pair may remain in the channel for some time. Buyers maintain control at the close above the channel.

Monero price prediction

Monero (XMR) is facing resistance at the $360 breakout level, but the bulls haven't given much ground to the bears.

This adds up to over $360 in vacation time. If that happens, the bears will try again to stop the recovery at the 20-day EMA ($385). However, buyers may have other plans. They will attempt to pierce the 20-day EMA, clearing the way for a rally to the 50-day SMA ($460).

If the price of Monero continues lower and breaks below $309, this positive outlook will be canceled in the near term. The XMR/USDT pair may drop to $276, which may attract buyers.