Bitcoin, Altcoins Pull Ahead From FOMC But Chart Fundamentals Remain Strong
Key Points:-
Buyers are struggling to sustain BTC's rally, which bears are trying to pull back. Several major altcoins may break below their support levels, indicating a deeper short-term pullback.
Bitcoin (BTC) collected more than $77,900 on Wednesday, but the long wick on the candle indicates selling in the rallies. Chain analyst Willie Wu said in a post on X. BTC should close above $79,000. The cost base of recent investors to strengthen the recovery. Woo only gave BTC a 30% chance of raising over $79,000 in this experiment.
Another cautious view came from crypto trading label CRYPTOWZRD, which highlighted downside risks in June. CRYPTOWZRD said that in a story he posted on X. BTC has been fixed for a few months After the new chairman of the Federal Reserve took over. With Kevin Warsh set to take over as chairman of the federation in May, can BTC “break the curse” or will it see its final plunge?
Daily View of Crypto Market Data. Source: Trading view
Analysts Expectations about BTC are divided In the near future. Some analysts believe that BTC will reach a new all-time high and reach $250,000 by 2026, while others predict that it will fall below $50,000 to $30,000. Although anything can happen in the cryptocurrency markets, traders should keep a close eye on critical support and resistance levels rather than being overly optimistic or pessimistic based on target predictions.
Can BTC and the major altcoins hold above their immediate support levels? Let's examine the charts of the top 10 cryptocurrencies to find out.
Bitcoin price prediction
BTC rose above the 20-day moving average ($75,478) on Wednesday, but the bulls could not maintain the high levels.
BTC/USDT Daily Chart. Source: Cointelegraph/Trading view
The 20-day EMA is an important recent support to watch out for. If BTC price rebounds aggressively from the 20-day EMA and breaks above $80,000, it will indicate that the bulls have turned the $76,000 level into support. The BTC/USDT pair could rally to $84,000.
If the price continues lower and breaks below the 20-day EMA, this positive outlook will be canceled in the near term. This indicates that bears are highly active. The pair may fall towards the 50-day simple moving average ($72,086) and later towards the support line.
Ether price prediction
Buyers are trying to keep Ether (ETH) above the 20-day EMA ($2,291), but the bears continue to exert pressure.
ETH/USDT Daily Chart. Source: Cointelegraph/TradingView
If the price of ETH continues lower and breaks below the moving averages, it indicates that the bears are on their way back. The ETH/USDT pair may drop to the support line, the buyers are expected to enter.
On the contrary, if the price changes from the moving averages, it indicates that the low levels are attracting buyers. The pair may increase to $2,465 and then the resistance line of the ascending channel pattern.
XRP price prediction
XRP (XRP) fell below the moving average on Tuesday, indicating that the bears are trying to take charge.
XRP/USDT Daily Chart. Source: Cointelegraph/TradingView
The price of XRP may slide to $1.27, buyers are expected to install strong resistance. If the price recovers from the $1.27 support and rises above the moving averages, the recovery may reach the downtrend line. A close above the low line indicates a possible trend reversal.
Conversely, a break below the $1.27 level puts it at risk of breaking the $1.11 low on February 6. The pair may go down to $1 and then to the support line.
BNB price prediction
BNBBNB) remains stuck in a large range between $570 and $687, indicating buying on dips and selling on rallies.
BNB/USDT Daily Chart. Source: Cointelegraph/TradingView
Flat moving averages and an RSI below the midpoint suggest that the BNB/USDT pair may continue to strengthen for some time.
If BNB pushes the price above $687, buyers will dominate. If they manage to do that, the pair could rise to $730, then $790. On the other hand, a break below the $570 support would signal a resumption of the downtrend. The pair could drop to $500.
Solana price forecast
Solana (SOL) has been trading in a tight range between $82.65 and $90.73, indicating a balance between supply and demand.
SOL/USDT Daily Chart. Source: Cointelegraph/TradingView
If the price breaks below $82.65, the SOL/USDT pair may drop to the $76 support. Buyers are expected to strongly defend the $76 level.
On the upside, a break and close above the $90.73 level would indicate a slight advantage for the bulls. The price of SOL can reach more than $98. This is an important level to watch out for as a break above $98 opens the door to $117.
Dogecoin price prediction
Dogecoin (Doug) broke above the 20-day EMA ($0.10) on Monday, indicating buying on the dips.
DOGE/USDT Daily Chart. Source: Cointelegraph/TradingView
The bulls pushed the price of DOGE above $0.11 on Wednesday, but the long wick on the candlestick indicates that the bears remain highly active. A break below the 20-day EMA suggests that the DOGE/USDT pair may remain out of the range between $0.09 and $0.12 for a few more days.
On the other hand, if the price recovers from the $0.10 level, it increases the possibility of a rally to $0.12. A close above the $0.12 resistance indicates that the pair may be headed lower in the short term.
High Liquidity Price Prediction
high fluid (Hype) rejected high resistance from $43.76 on Monday and fell to the 50-day SMA ($39.70) on Tuesday.
HYPE/USDT Daily Chart. Source: Cointelegraph/TradingView
Sellers try to consolidate their position by pulling the HYPE price below the 50-day SMA. If they manage to do that, the HYPE/USDT pair could start a retracement to $37.77, then $34.45.
On the downside, the bears continue to pose a major challenge in the $43.76-$45.77 zone. However, if buyers break above the key zone, the pair may rally to $50 and then $51.43.
Related: XRP Set For ‘Strong' Monthly ETF Earnings For 2026 As Bulls 2 Target
Cardano price prediction
Cardano (ADA) is facing selling near the low line, but a little positive thing is that the bulls have not given much ground to the bears.
ADA/USDT Daily Chart. Source: Cointelegraph/TradingView
That indicates that the bulls will try to drive the price of ADA above the lower line. If they succeed, the ADA/USDT pair could rally to $0.32 and then to $0.37. Such a move signals the possibility of a trend change.
Sellers may have other plans. They will try to protect the lower line and pull the price to a strong support at $0.22. A close below $0.22 indicates a resumption of the downtrend.
Bitcoin Cash price prediction
Bitcoin Cash (B.C.H) lifted support at $443 on Tuesday, but the bulls are struggling to push the price above the moving averages.
BCH/USDT Daily Chart. Source: Cointelegraph/TradingView
Flat moving averages and an RSI near the midpoint do not give bulls or a clear advantage. If the price of BCH continues above the moving averages, the possibility of an increase to the $486 level increases. Sellers are expected to strongly defend the $486 level.
On the downside, a close below the $443 level could sink the BCH/USDT pair to strong support at $419.
Monero price prediction
Monero (XMR) rose above $390 resistance on Sunday, but the bulls could not sustain the breakout.
XMR/USDT Daily Chart. Source: Cointelegraph/TradingView
XMR price has returned to the 20-day EMA ($364), where the buyers entered. If the XMR/USDT pair continues higher and breaks above the $406 level, it will signal the start of a new upward move towards $500.
Contrary to this assumption, if the price turns sharply lower and breaks below the moving average, it suggests that the pair may remain in the $302 to $390 range for some time.
