Key points, folks! 📝
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Bitcoin‘s on shaky ground near $103,000, and global market uncertainty’s the party pooper 🎉.
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Some altcoins are getting a buyer’s boost at lower levels – is it a “buy the dip” party? 🤔
Bitcoin (BTC) took a hit below $103,000 after Israel’s airstrikes on Iran, but buyers swooped in, pushing it near $106,000 🚀.
Material Indicators said on X that Bitcoin’s bottom won’t drop out (phew!), but we might not see sustainable upside price discovery before the next Fed meeting 📊.
ETC Group’s head of research, Andre Dragosch, brought some positivity: Bitcoin usually recovers and surpasses pre-event price levels within 50 days 📈.
But, John Bollinger’s got a different take: Bitcoin’s done three pushes to a high after the “W-shaped” double bottom near $75,000, which could mean the end of the prior trend 📉.
Will Bitcoin and select altcoins resume their uptrends? Let’s dive into the top 10 cryptocurrency charts to find out 📊.
Bitcoin: The King of Crypto
Bitcoin fell to the 50-day simple moving average ($103,159) on Friday, where bulls are trying to stop the decline 🐂.
The 20-day exponential moving average ($106,097) is flattening out, and the relative strength index (RSI) is near the midpoint, signaling possible consolidation 📊.
Watch out for $100,000 on the downside and the all-time high of $111,980 on the upside 🚀.
If $100,000 gives way, the BTC/USDT pair could tumble to $92,000 😬. Conversely, a break and close above $111,980 signals the uptrend’s resumption 🚀.
Ether: The Queen of Crypto
Ether (ETH) turned down from $2,879 on Wednesday and nosedived below the 20-day EMA ($2,580) on Friday, indicating the markets rejected the breakout above $2,738 📉.
The 20-day EMA is flattening out, and the RSI has dropped to the midpoint, indicating a balance between supply and demand ⚖️.
If the price turns up from the current level or $2,323, the bears will try to halt the relief rally in the $2,738 to $2,879 zone 🚫.
Buyers need to catapult the price above $2,879 to start the next leg of the up move toward $3,153 🚀.
XRP: The Underdog
XRP (XRP) broke above the moving averages on Monday, but the bulls couldn’t build momentum 🐕.
The price turned down on Wednesday and has reached near the solid support at $2 🤯.
Buyers will vigorously defend the $2 level, as a break and close below it could signal the start of a new downtrend 😬.
BNB: The Stable One
BNB (BNB) has been consolidating between $693 and $634 for several days, indicating a balance between supply and demand ⚖️.
The flattish 20-day EMA ($658) and the RSI near the midpoint don’t give a clear advantage to either bulls or bears 🤔.
If the price turns up from $634 and rises above the 20-day EMA, the BNB/USDT pair could remain inside the range for some more time ⏰.
Solana: The Wildcard
Solana (SOL) rose above the moving averages on Monday, but the bulls couldn’t sustain the higher levels 🌟.
The price turned down from $168 on Wednesday and broke below the moving averages on June 12 📉.
The SOL/USDT pair has reached the $140 support, which is a critical level for the bulls to defend 🚫.
Dogecoin: The Meme King
Dogecoin (DOGE) turned down from the $0.21 level on Wednesday, indicating the price remains stuck inside the lower half of the $0.26 to $0.14 range 🐕.
There’s support at $0.16, but it’s likely to be broken 🤯.
The DOGE/USDT pair could plummet to the $0.14 support, where buyers will step in 🚫.
Cardano: The Dark Horse
Cardano (ADA) turned down from the 50-day SMA ($0.72) on Wednesday, indicating bears continue to sell on rallies 📉.
The down-sloping 20-day EMA ($0.69) and the RSI in the negative territory signal bears have an edge 🐻.
If the $0.60 level is taken out, the ADA/USDT pair could plummet to the solid support at $0.50 🤯.
Hyperliquid: The New Kid
Buyers pushed Hyperliquid (HYPE) above the $42.25 resistance on Wednesday and again on Thursday, but couldn’t sustain the higher levels 🌟.
That may have tempted short-term buyers to book profits, pulling the price toward the breakout level from the symmetrical triangle pattern 📊.
Buyers need to propel the price above $44 to resume the uptrend toward $50 🚀.
Sui: The Underdog
Sui (SUI) turned down from the 50-day SMA ($3.55) on Wednesday, indicating bears are fiercely defending the level 🐕.
The SUI/USDT pair has reached solid support at $2.86, which is a crucial level to watch out for 🤯.
Sellers will try to seize control by pulling the price below the $2.86 level 📉.
Chainlink: The Oracle
Chainlink (LINK) turned down and re-entered the descending channel pattern on Thursday, indicating sellers are active at higher levels 📉.
The bears are trying to pull the price below the $12.64 support 🤯.
If they manage to do that, the LINK/USDT pair risks a fall to $10 😬.
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2025-06-13 21:09