SPX, DXY, BTC, ETH, BNB, XRP, SOL, DOGE, HYPE, ADA Price Prediction

Key Points:-

Bitcoin rose above $70,000 on Monday, but analysts are skeptical as they expect a break below the $60,000 support.

Many major altcoins have broken support, indicating low levels of demand.

Buyers pushed Bitcoin (BTC) above the $70,000 level, but failed to sustain the breakout. This indicates that the bears have not given up and are trying to control. Analysts believe that BTC may drop below the $60,000 low before breaking down.

Another negative view comes from Glassnode, which said in a recent report that its long-term Realized Loss metric, which tracks losses locked in by investors holding coins for more than six months before selling, suggests that the selling pressure may not be over. The 30-day simple moving average needs to fall below the $25 million level to start forming a base of $200 million per day.

Among all bulls, there is a silver lining for bulls. According to crypto sentiment platform Santiment, social media platforms recorded five bearish BTC comments for every four BTC bullish comments, the most since February 28.

That's a good sign that when markets typically move in the opposite direction to public expectations, “things can turn positive sooner,” Santiment added.

Can buyers extend recovery in BTC and major altcoins? Let's examine the tables.

S&P 500 index price forecast

The S&P 500 Index ( SPX ) has returned to its 20-day exponential moving average (6,601), indicating strong buying at lower levels.

Sellers will try to stop the recovery at the 20-day EMA, but if the bulls win, the index could rise to the 50-day simple moving average (6,777). Sellers are expected to mount a strong challenge at the 50-day SMA.

On the downside, the bears need to break below the 6,316 level to signal the resumption of the correction phase. The next support to be seen on the downside is the 6,147 level.

US dollar index price forecast

The US Dollar Index (DXY) is stuck between the 20-day EMA ($99.59) and resistance above 100.54.

Sellers are trying to pull the price below the 20-day EMA. If they manage to pull through, the index may decline towards the 50-day SMA (98.44). That suggests the index may trade in a larger range between 95.55 and 100.54 for some time.

Buyers should keep the price above the 20-day EMA to maintain control. If you do that, the chance of a break above the 100.54 level will increase. The index may start a new upward movement towards the 102 level and then towards the 103.54 level.

Bitcoin price prediction

BTC closed above its moving averages on Sunday, indicating that the bulls are trying to bounce back.

The flat moving averages near the midpoint and the relative strength index (RSI) do not give a clear advantage to either the bulls or the bears. If the price stays above the moving averages, the bulls will try to drive the BTC/USD pair above the $72,000 resistance. If they succeed, the price of BTC can reach the protection zone from $74,508 to $76,000.

Sellers may have other plans. They tend to drag the pair below the support line, which invalidates the bullish position. That opens the door for a decline to the $62,500 to $60,000 support zone.

Ether price prediction

Ether (ETH) closed above its moving averages on Sunday, clearing the way for $2,200 resistance.

Sellers will try to stop the recovery at the $2,200 level, but if buyers break the resistance, the ETH/USDT pair may go to the $2,400 resistance. The bulls need to push the ETH price above $2,400 to start a sustained recovery towards $2,800 and then towards $3,050.

Alternatively, if the price of ETH declines significantly from the $2,200 level and breaks below the moving average, it suggests that the pair may consolidate for some time. Support for the range is at the $1,916 level.

BNB price prediction

BNB (BNB) has reached the $570 level to the moving averages, the bears are expected to enter.

If the price drops significantly from the moving averages, the BNB/USDT pair risks breaking below $570. If that happens, the price of BNB may continue its downtrend and drop to the $500 level.

Instead, if buyers lift the price above the moving averages, it suggests that the pair could extend its stay in the $570 to $687 range for a few days. Buyers will be back in the driver's seat above the $687 level.

XRP price prediction

XRP (XRP) was found from the crucial support of $1.27 on Sunday, which shows that the bulls will defend the level aggressively.

The bulls are expected to develop a support rally above the 50-day SMA ($1.39) towards the $1.61 level and then a downward trend towards the descending channel pattern.

On the contrary, if the price of XRP drops significantly from the moving averages and breaks below $1.27, it indicates that the bears will remain in control. The XRP/USDT pair may fall to the $1.11 level and eventually to the support line near the $1 level.

Solana price forecast

Solana (SOL) has been oscillating in the range of $76 to $98 for several days, indicating a fierce battle between bulls and bears.

If buyers push the price above the moving averages, the SOL/USD pair may rise to the $98 resistance. Sellers are expected to strongly defend the $98 level to keep the SOL price in range.

The next trending move is expected to start below $98 or $76. If buyers push the price above the $98 resistance, the pair could rise to the $117 level. Conversely, a close below the $76 support could sink the pair to the $67 level.

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Dogecoin price prediction

Dogecoin (DOGE) remains stuck in a tight range between the 50-day SMA ($0.09) and $0.09, indicating a balance between supply and demand.

Above the moving average, buyers get the upper hand. The DOGE/USDT pair may rally towards the $0.11 level and then towards the $0.12 resistance. If the price breaks from the resistance above, the pair may fluctuate between $0.12 and $0.09 for some time.

If the price of DOGE falls below the moving averages and is below $0.09, it indicates that the bears are in control. The pair may drop to the $0.08 level and then to the $0.06 level.

High Liquidity Price Prediction

Buyers are trying to keep the price of Hyperliquid (HYPE) above the 20-day EMA ($37.03) but are facing strong resistance from the bears.

If the HYPE price closes above the 20-day EMA, it suggests that lower levels will continue to attract buyers. The HYPE/USDT pair may rally to $41.59 and then to the $44 level.

If the price declines and breaks below the 50-day SMA ($34.48), this positive outlook will be rejected in the near term. The pair may witness a deep correction towards the $30 level.

Cardano price prediction

Cardano (ADA) closed above the $0.25 level on Sunday, indicating that the bears are losing their grip.

There is resistance at the 50-day SMA ($0.26), but if the bulls win, the ADA/USDT pair may reach the descending channel pattern line. Protection of the lower line is expected as sellers signal a possible short-term trend reversal.

The $0.22 level is an important level to watch on the downside. If the support is broken, ADA price may start the next leg of the decline towards the support line near the $0.16 level.