Crypto Chronicles: The Great Escape of BTC & Co. 🚀💰

Key points:

Bitcoin, like a rebellious teenager, has made a dazzling comeback but faces the formidable barrier of $120,000, where the parental controls (read: sellers) are expected to kick in.
Ether, ever the show-off, appears robust on the charts and aims to challenge the $4,094 level, though one suspects the neighborhood watch (again, sellers) will be on high alert.

Bitcoin (BTC), the prodigal son of the crypto world, staged a commendable comeback on Thursday, only to find itself struggling to maintain its newfound glory. This, dear reader, suggests that the bears, much like a nagging mother-in-law, are quick to dampen any spirits of rebellion. Yet, a glimmer of hope persists as the bulls attempt to keep the price above $116,000, a feat akin to balancing a spoon on one’s nose during a dinner party.

Glassnode, in its market report, noted that the cost basis of the local top buyers, a rather exclusive club of one-week to one-month cohorts, hovers around $116,900. For these buyers to assert control, they must ensure BTC remains above this level, much like a conductor maintaining the tempo of an orchestra.

Should BTC fail to hold above $116,900, it risks a deeper correction toward $110,000, a scenario Glassnode warns against, akin to a poorly executed joke falling flat at a comedy club.

Apart from BTC, the crypto zoo is abuzz with activity. MN Trading Capital co-founder Michaël van de Poppe, a veritable soothsayer of the markets, observed that Ether’s (ETH) recent rally marks “the first step forward to a more risk-on appetite.” He predicts a surge in altcoins, ranging from a modest 200% to a jaw-dropping 500% over the next 2-4 months. 🌠

But the million-dollar question lingers: Will BTC break above the $120,000 resistance, or will it dip back toward $112,000? And how are the altcoins positioned? Let us delve into the charts of the top 10 cryptocurrencies to unravel this mystery.

Bitcoin price prediction

BTC managed to clear the near-term resistance of $115,720 on Thursday, only to encounter the stern gaze of the downtrend line. Should the price rebound from this line, it would suggest that the bulls are buying on minor dips, much like a shopper snatching up discounted goods. This could pave the way for a break above the downtrend line, leading to a retest of the $120,000 to $123,218 resistance zone. A close above $123,218 would clear the path for a rally to $135,000, a triumph worthy of a ticker tape parade.

However, the first sign of weakness will be a break below the 50-day simple moving average ($113,111). Should the $110,530 support crack, the selling could accelerate, much like a snowball rolling downhill.

Ether price prediction

Buyers pushed ETH above the $3,745 hurdle on Thursday, a signal that the corrective phase may be over. The rally continued above the $3,941 resistance on Friday, but the $4,094 level looms ominously, where fierce selling is expected. If the price turns down sharply and breaks below the 20-day SMA, it could indicate a range formation, much like a chess game entering a stalemate. The ETH/USDT pair might consolidate between $4,000 and $3,400 for a while.

Conversely, a break and close above $4,094 would signal the resumption of the uptrend, clearing the path for a rally toward $4,868. A victory lap, if you will.

XRP price prediction

XRP (XRP) found its footing at the $2.95 support on Wednesday and soared above the 20-day SMA ($3.15) on Thursday. The bulls aim to push the price to the overhead resistance of $3.66, where the bears are expected to put up a strong defense. If the price falters at $3.66, the XRP/USDT pair may find support at the 20-day SMA. A bounce from this level increases the likelihood of a break above $3.66. Conversely, a drop below the 20-day SMA suggests that higher levels continue to attract sellers, potentially leading to a plunge to $2.95. The bears must drag the XRP price below the 50-day SMA to regain control.

BNB price prediction

BNB (BNB) pierced the 20-day SMA ($779) on Thursday, indicating a reduction in selling pressure. However, sellers are unlikely to surrender easily and may challenge the price at $794 and again at $815. If the bulls overcome these hurdles, the BNB/USDT pair could retest the all-time high at $861, a moment of triumph reminiscent of a climactic scene in a Hollywood blockbuster.

The first sign of weakness will be a break and close below $761, opening the door for a fall to $732. A short-term top will be signaled if the bears sink the BNB price below the 50-day SMA ($712).

Solana price prediction

Sellers attempted to pull Solana (SOL) below the 50-day SMA ($163) on Wednesday, but the bulls held their ground. The SOL/USDT pair has since risen toward the 20-day SMA ($178), which could pose a near-term hurdle. If buyers push the price above the 20-day SMA, the pair could reach $195. Resistance at $185 is likely to be crossed, much like a well-rehearsed dance routine.

The zone between the 50-day SMA and the $155 level is crucial. If the bears sink the price below this support, Solana could plunge to $144 and then $137, a fall from grace as dramatic as a soap opera plot twist.

Dogecoin price prediction

Dogecoin (DOGE) bounced from the 50-day SMA ($0.19) on Wednesday and reached the 20-day SMA ($0.22). The flattish moving averages and the RSI just above the midpoint do not favor either buyers or sellers. If the price rises above the 20-day SMA, the DOGE/USDT pair could ascend to the $0.25-$0.26 overhead zone. Conversely, a sharp decline from the 20-day SMA suggests that the bears are defending the level, potentially keeping the Dogecoin price between the moving averages for a while.

Cardano price prediction

Cardano (ADA) has reached the 20-day SMA ($0.78), a sign of solid buying at the 50-day SMA ($0.69). If buyers sustain the price above the 20-day SMA, the ADA/USDT pair could rally to $0.86 and later to $0.94. Sellers will attempt to halt the upmove at $0.94, but if the buyers prevail, Cardano’s price could soar toward $1.17, a meteoric rise worthy of a standing ovation.

//s3.cointelegraph.com/uploads/2025-08/01988a5d-c095-7f3c-9c7f-606e39325bf0″/>

Conversely, a break above the moving averages suggests that the bears are losing their grip. The HYPE price could rally to the support line, a significant level to watch. A break above this line signals that the correction may be over.

Stellar price prediction

Stellar (XLM) broke above the 20-day SMA ($0.42) on Thursday, signaling that the correction may be over. If XLM maintains above $0.46, the XLM/USDT pair could soar to the overhead resistance of $0.52. Sellers will likely pose a strong challenge at $0.52, but if the bulls prevail, the rally could extend to $0.61, a triumph as sweet as a summer breeze.

The 20-day SMA is the first support to watch on the downside. A solid bounce off this level suggests a positive sentiment, with traders buying on dips. Sellers will gain the upper hand on a break and close below the 50-day SMA ($0.35).

Sui price prediction

Sui (SUI) jumped from the 50-day SMA ($3.36) on Wednesday and reached the 20-day SMA ($3.75) on Thursday. If buyers sustain the price above the 20-day SMA, the SUI/USDT pair could gain momentum and surge to $4 and later to $4.30. Sellers are expected to mount a solid defense in the $4.30 to $4.44 zone, as a break above this area could propel SUI price to $5, a leap as graceful as a ballet dancer’s pirouette.

Conversely, a sharp decline from the current level suggests that the bears are trying to keep the pair between the moving averages for a few more days. The bears will return to the driver’s seat on a break below the 50-day SMA.

2025-08-08 19:46