BTC, ETH, BNB, SOL, XRP, DOGE, TON, SHIB, ADA, AVAX

Bitcoin (BTC) remains in a sideways price action, but a positive sign is that investors continue to buy the position Bitcoin exchange-traded funds. Data from Farside Investors shows net positive inflows into ETFs over the past 11 days.

According to CoinShares data, Bitcoin investment products saw an inflow of more than $1 billion last week. Along with institutional investors, whales seem to be hoarding Bitcoin. Analysts at Glassnode said in a Weekly On-Chain report that long-term investors are “starting to restock coins for the first time since December 2023.”

According to Securities and Exchange Commission filings, more than 600 U.S. investment firms have invested in the Spot Bitcoin ETF since January. ETFs have bought 855,619 bitcoins since inception, an average of 6,200 bitcoins per day.

Can Buying in Bitcoin ETFs Push Bitcoin's Price Above Resistance? Will altcoins follow suit? Let's examine the charts of the top 10 cryptocurrencies to find out.

Bitcoin price analysis

The bulls' inability to run and sustain above $70,000 has dragged Bitcoin down to its 20-day exponential moving average ($67,169).

The price action of the past few days has formed a symmetrical triangle. If the price breaks below the triangle, it shows that the advantage is biased towards the bears. The pair may drop to $64,600 and eventually to $59,600.

On the contrary, if the price rises from the support line and breaks above the triangle, it shows that the bulls remain in command. The couple will try to take home $73,777. If the bulls overcome this hurdle, the rally could reach $80,000.

Ether price analysis

Ether (ETH) declined from $3,977 on May 27, which indicates that the bears will strongly defend the $4,000 to $4,100 resistance zone.

The first support on the downside is the $3,730 breakout level. If the bulls reverse this level to support, the ETH/USDT pair will make one more attempt to rise above the $4,100 resistance. If this level is cleared, the pair could rally to $4,868.

On the other hand, if the price continues lower and falls below $3,730, it will indicate that the bears are trying to make a comeback. The pair may move towards the 20-day EMA ($3.537) and further down towards $3.050.

BNB price analysis

The bulls have kept BNB (BNB) above its moving averages for the past few days but failed to push the price towards the $635 resistance.

The first sign of weakness is a break and close below the high line. If this happens, the ascending triangle pattern will be rejected, and the BNB/USDT pair may slide towards $536 and then $495.

Contrary to this assumption, if the price rises above the moving averages and breaks above $635, it will complete the bullish setup. The pair may move towards $692 and later towards the $775 pattern target.

Solana price analysis

The bulls successfully held Solana (SOL) above the $162 breakout level but failed to initiate a strong recovery.

Failure to move higher will encourage the bears to push the price below $162. If they manage to do that, the SOL/USDT pair could fall to find critical support near $140 and then $116.

Alternatively, if the price rises above the current level, the SOL/USDT pair may reach $189. The bears will try to stop the rally at $189, but the level may be crossed. The pair can reach the dreaded barrier for $205.

XRP price analysis

XRP (XRP) has been stuck at its moving averages for the past few days, indicating that there has been no aggressive buying or selling by traders.

If the price falls below the moving average and continues, the XRP/USDT pair may slide towards the support line. If the price rebounds strongly from the support line, the bulls will make one more attempt to push the pair above $0.57. If they succeed, the ascending triangle pattern is completed.

On the other hand, a break and close below the support line will invalidate the triangle and open the door for a fall to the critical support at $0.46.

Dogecoin price analysis

The bulls have not allowed Dogecoin (DOGE) to slip below the 20-day EMA ($0.16), indicating that the dips are being bought.

The 20-day EMA is flat and the RSI is near the midpoint, indicating a balance between supply and demand. If buyers overcome the barrier at $0.18, the DOGE/USDT pair could ride up to $0.21.

Conversely, if the price drops and breaks below the moving average, the bulls are discouraged. That could push the price down to $0.14 and keep the pair in the $0.12 to $0.17 range for a few more days.

Token price analysis

Tonkoin (Ton) is getting support in the midfield, but the Bulls are struggling to start a strong recovery from him.

Buyers will dominate if they drive up and hold a price above $6.73. If they do that, the ton/dollar pair may start a resistance rally above $7.67. This is an important level for the bears to defend because a break above it indicates an uptrend.

If the bears want to prevent the upside, they need to quickly pull the price below the $6 support. The pair may slide to $5.50 and then to strong support at $4.72.

RELATED: Bitcoin ‘Diamond Hands' Sells Nearly 50% Off for $73.8K

Shiba Inu price analysis

The Shiba Inu (SHIB) rose above the congruent triangle pattern on May 27, indicating that uncertainty is in favor of the bulls.

The 20-day EMA ($0.000025) has started to turn, and the RSI is in positive territory, which indicates that the bulls are dominant. There is a small resistance at $0.000030, but it can be crossed. The SHIB/USDT pair may rise to $0.000033.

If the price declines from the current level, it is likely to find support at the moving averages. The bears need to pull the price below the support line to start the decline towards the 78.6% retracement level of $0.000017.

Cardano price analysis

Cardano (ADA) remains stuck in a symmetrical triangle pattern, indicating a balance between supply and demand.

If the price rises above the moving averages, the bulls will try to push the ADA/USDT pair to the resistance line. A break and close above the triangle indicates the beginning of a strong recovery. The pair may rise to $0.57 and then to $0.63.

Instead, if the price is low, the bears will try to pull the pair to the support line. A break and close below the triangle indicates a resumption of the downtrend. The next level to look at on the downside is $0.35.

Price analysis

Avalanche (AVAX) is trying to take support at the moving averages, which indicates that the bulls are buying on small dips.

The flat 20-day EMA ($36.97) and RSI near the midpoint do not give a clear advantage to either the bulls or the bears. To start the rally towards $50, buyers need to break out and hold the price above $41.80.

Conversely, if the price breaks below the moving averages, the bears will try to pull the AVAX/USDT pair towards $29. A strong breakout of this support suggests that the pair may remain stuck in the $29 to $40 range for some time.

This article does not contain investment advice or recommendations. Every investment and business activity involves risk, and readers should do their own research when making a decision.