BTC, ETH, BNB, XRP, SOL, DOGE, HYPE, ADA, BCH, LINK price prediction

Key Points:-

Buyers are trying to keep BTC above the $66,500 level, but many analysts believe that the $60,000 level can be cracked.

Some major altcoins are at risk of breaking below their recent support levels, suggesting that the bears are in control.

Buyers are trying to push and hold Bitcoin (BTC) above the $66,500 level, but they are facing strong resistance from the bears. Although the recovery attempts are being sold off, the supply of BTC on the profit and loss scale suggests that BTC may be nearing the bottom.

CryptoQuant analyst “Darkfost” currently has a loss of around 8.2 million BTC compared to 10.6 million BTC in the previous bear market. This indicates that the market is at the level of relative underpricing seen during the previous bear phase.

However, not everyone believes it's down there. BTC could sink to $52,500 if the developing bearish pattern breaks, Chartered Markets technician Axel Kibar wrote in a post on X.

During bear phases, select analysts turn overly negative and predict gloom and doom for the markets.

One of those predictions comes from Bloomberg Intelligence Senior Commodity Strategist Mike Magglone, who said in a post on X that BTC could fall to $10,000. Contrary to this opinion, Cathy Wood, the CEO of ARK Invest, said in an interview with CNBC that BTC will not fall 85-95% more than ever.

Can BTC and major altcoins hold above their support levels? Let's examine the charts of the top 10 cryptocurrencies to find out.

Bitcoin price prediction

BTC rejected the moving averages on Thursday, and the bears are trying to strengthen their position by pulling the price below the support line.

If they succeed, the bullish upward triangle setup is worthless. That could force aggressive bulls to close their positions. The BTC/USDT pair may drop to the crucial $62,500 to $60,000 support zone.

The first signal of strength will be a close above the moving averages. That opens the doors to $72,000 and then $76,000 for a rally. A close above $76,000 completes the ascending triangle pattern, moving the pair to $84,000.

Ether price prediction

Ether (ETH) failed to rise above the $2,200 resistance on Wednesday, indicating that the bears will defend the level aggressively.

The flat moving averages below the midpoint and the Relative Strength Index (RSI) do not give a clear advantage to either the bulls or the bears. That suggests that the ETH/USDT pair may fluctuate between $2,200 and $1,916 for some time.

Buyers need to push and sustain the price of ETH above the $2,200 level to dominate. If they do that, the pair could rise to $2,400 and then $2,600. On the downside, a close below $1,916 could sink the pair to the critical $1,750 support.

BNB price prediction

BNB (BNB) rejected the moving averages on Wednesday and dropped to strong support at $570.

The downward sloping 20-day EMA ($620) and the RSI near the oversold territory indicate that the path is to the downside with minimal resistance. If the $570 support is broken, the BNB/USDT pair may continue its downtrend towards $500.

If the price of BNB reverses and breaks above the moving averages, this negative view is worthless in the near term. This suggests that the pair may continue to fluctuate between $570 and $687 for a few more days.

XRP price prediction

XRP (XRP) declined from the 20-day EMA ($1.36) on Thursday, and the bears are trying to pull the price below the $1.27 support.

If they manage to do that, the XRP/USDT pair could drop to the February 6 low of $1.11. This is critical support for bulls to defend against, as a close below could extend the decline to the support line of the descending channel pattern near $1.

Buyers may have other plans. They will try to drive the price of XRP above the moving averages, to recover to the $1.61 level and then clear the downward line.

Solana price forecast

Solana (SOL) reached the support from $76 to $95, indicating that the bears will continue the pressure.

Buyers are expected to defend the $76 level, but the rally may face selling at the moving average. If the price of SOL declines from current levels or moving averages and breaks below $76, it suggests that the bears are back in the driver's seat. There is support at $67, but if the level is broken, the next stop may be $50.

Conversely, if the SOL/USDT pair rises and breaks above its moving averages, it indicates that range-bound action may continue for longer periods.

Dogecoin price prediction

Dogecoin (DOGE) is being squeezed between the moving averages and the $0.09 support, indicating an expansion of the range in the short term.

A close below the $0.09 support would indicate that the bears are back in order. That could strengthen the DOGE/USDT pair's selloff and push it back to the February 6 low of $0.08. Buyers will try to defend the $0.08 level, but if the bears win, the price of DOGE may drop to $0.06.

At the top, a close above the moving averages indicates that the buyers have defeated the bears. The pair may rise towards $0.10 and later towards strong resistance of $0.12.

High Liquidity Price Prediction

HyperLiquid (HYPE) is trying to break the 50-day simple moving average ($34.16), but the rally is expected to sell higher.

The 20-day EMA ($37.10) has started to decline, and the RSI has entered the negative zone, indicating that the bulls are losing their grip. If the price of HYPE breaks below the 50-day SMA, a pullback is likely to reach the $29.42 level.

Contrary to this assumption, if the price reverses and breaks above the 20-day EMA, it suggests that the bulls will remain in control. The HYPE/USDT pair may reach $41.59 and then $43.76.

Related: Here's what's happening in crypto today.

Cardano price prediction

Sellers kept Cardano (ADA) below the $0.25 resistance but failed to pull the price below the $0.23 level.

The 20-day EMA ($0.25) is gradually declining, and the RSI is in negative territory, indicating a slight edge to the bears. If the ADA price drops below the 20-day EMA and breaks below $0.23, it suggests that the bulls have given up. The ADA/USDT pair may drop to the support line near $0.22 and later $0.18.

On the contrary, if buyers increase the price above the moving averages, it indicates that the selling pressure is decreasing. The pair may converge to a downward trend line, which is a key resistance to protect the bears.

Bitcoin Cash price prediction

Bitcoin Cash (BCH) dropped to the $443 level, which is an important support for the bulls to defend.

Any breakout above the $443 level would be expected by selling at the moving average. If the price of BCH declines significantly from the moving averages, the possibility of a drop below $443 will increase. If that happens, the BCH/USDT pair will complete a bear-head-and-shoulders pattern. The pair could fall towards the $375 level.

Conversely, a close above the $486 level suggests that the bulls are back in the game. The pair may then jump to the $520 to $540 zone.

Chainlink price prediction

Chainlink (LINK) has been trading between the $8 and $10 levels, indicating a balance between supply and demand.

If buyers push the price above the moving averages, the LINK/USDT pair may rise to the $10 resistance. Sellers are expected to defend the $10 level, as a close above could push LINK's price to $10.94 and then to $11.61.

Alternatively, if the price deviates from the moving averages and breaks below the $8 level, it indicates that the bears are in control. The pair may fall to $7.15 and then to the $6 level.