Bitcoin Aims Higher, ETH Eyes $2,000, Why ETC Could Surge To $50

Key Insights:

  • Bitcoin is slowly moving higher towards the $25,000 resistance zone.
  • Ether (ETH) could rise further towards the $2,000 resistance level.
  • ETC is gaining pace and targeting the $50 price point.

Bitcoin

Recently, bitcoin price formed a base above the $23,000 level. It started a fresh increase after there was a clear move above the $23,650 resistance zone.

The bulls pushed the price above the $24,000 level and the 21 simple moving average (H1). There was a clear move above a key bearish trend line with resistance near $23,400 on the hourly chart. Bitcoin even climbed above $24,500 before it faced sellers near $24,900.

Bitcoin BTC Hourly Chart
BTC Hourly Chart by FXEmpire

It is now facing a major resistance near the $25,000 level. A clear move above the $25,000 resistance might start a steady increase towards $25,500, above which bitcoin could rise towards $26,500.

Ethereum (ETH)

ETH outperformed and rallied above the $1,700 resistance zone. The bulls pumped the price above the $1,800 level and the 21 simple moving average (H1).

There was a move above a key bearish trend line with resistance near $1,750 on the hourly chart. The price is now trading above the $1,900 resistance. On the upside, there are many hurdles forming near $1,940. A close above the $1,940 level could start anther increase and the price might test $2,000.

Ether ETH Hourly Chart
ETH Hourly Chart by FXEmpire

On the downside, there is a key support forming near the $1,810 level, below which ETH may head back down to the $1,600 zone.

Ethereum Classic (ETC)

ETC found support near the $33.20 level after a downside correction. A base was formed near $35 after which the coin started rallying.

The price was able to clear the $35.00 and $38.00 resistance levels. Besides, there was a break above a key bearish trend line with resistance near $40.50 on the daily chart. ETC consolidated above the trendline for some time before there was a fresh push upwards.

Ethereum Classic (ETC)
Ethereum Classic (ETC) Daily Chart

Recently, ETC gained over 14% and was able to clear the $42 resistance zone. The next major resistance is near the $44 level, above which the price may target $50 should momentum continue.

If there is no upside break, the price could start a downside correction below $42. The next major support sits near the $40 level.

ADA, BNB, and DOT price

Cardano (ADA) is showing positive signs above the $0.532. The next major resistance sits near $0.55, above which the price may push towards $0.60.

BNB was able to clear the $325 resistance. On the upside, the next resistance is at $345.

Polkadot (DOT) settled nicely above the $9.20 resistance. Continued momentum could see DOT targeting the $10 level.

A few trending coins are SOL, EOS, and NEO. Out of these, SOL is up 10% and showing positive signs above the $43.50 level.

Bitcoin Struggles, ETH Eyes Strong Rally, NEAR Price Could Surge To $7

Key Insights:

  • Bitcoin is consolidating near the $23,000 level.
  • Ether (ETH) is eyeing more gains above $1,700.
  • NEAR broke a major resistance and might eye a move towards $7.

Bitcoin

Recently, bitcoin price failed to clear the $23,450 resistance and moved lower below the $23,200 support zone. The price even spiked below the $22,550 level and the 21 simple moving average (H1).

However, the bulls remained active near the $22,425 level. The price started a fresh recovery wave above the $22,800 level. It surpassed the $23,000 level and the 21 simple moving average (H1). Besides, there was a break above a bearish trend line forming with resistance near $23,050 on the hourly chart.

Bitcoin BTC Hourly Chart
BTC Hourly Chart by FXEmpire

The price is still facing a major resistance near the $23,550 and $23,600 levels. A clear move above the $23,600 level could start a decent increase. If there is no upside break, bitcoin might continue to move down towards the $22,000 support.

Ethereum (ETH)

ETH followed a bullish path after it broke the $1,600 resistance zone. The price cleared the key $1,650 resistance zone to enter a positive zone.

The price even surpassed the $1,680 level and the 21 simple moving average (H1). It is now struggling to clear the $1,700 resistance and consolidating gains. An immediate support on the downside sits near the $1,680 level.

Ether ETH Hourly Chart
ETH Hourly Chart by FXEmpire

The main support is now forming near $1,650. If there is a downside break below $1,650, ether price might drop lower towards $1,600. Conversely, it could surge towards $1,780.

NEAR Protocol

NEAR found support near the $2.90 zone after a strong decline. The price formed a base near the $3.00 level and started a decent increase.

The price was able to clear the $3.50 and $4.00 resistance levels. Besides, NEAR surpassed a key bearish trend line with resistance near $4.00 on the daily chart. It settled above the $4.20 resistance level and the 21-day simple moving average. It opened the doors for a move above the $5.0 level.

NEAR Protocol
NEAR Daily Chart by FXEmpire

The price is up over 12% in a day and is showing signs of more gains above the $5.00 resistance. It is now struggling to settle above the $5.20. If the bulls manage to push the price above the $5.20 resistance zone and $5.32, the price could rally further.

The next major resistance could be near the $7.00 level. If not, the price might start a fresh decline and revisit the $4.0 support.

ADA, BNB, and DOT price

Cardano (ADA) is climbing higher towards the $0.525 level. If there are more upsides, the price could test the $0.55 level.

Binance Coin (BNB) is slowly moving higher towards the $325 resistance zone. If there is a clear move, the price could rise towards the $340 level.

Polkadot (DOT) is showing positive signs above the $8.20 support. On the upside, the price may perhaps face resistance near $8.50 and $8.65.

A few trending coins are FLOW, THETA, and WAVES. Out of these, THETA gained over 10% and there was a move above the $1.60 resistance.

Bitcoin and ETH Price Prediction: Bulls Keep Struggling, FLOW Jumps 40%

Key Insights:

  • Bitcoin is facing a major barrier near $23,550 and $23,450.
  • Ether struggled to settle above the $1,665 resistance zone.
  • FLOW started a strong surge above the $2.50 resistance.

Bitcoin

Yesterday, bitcoin price moved lower below the $23,000 support zone. The price even spiked below the $22,800 level and the 21 simple moving average (H1).

Later, it found support near the $22,650 level. Today, the price formed a base above the $22,650 level and attempted a recovery wave. There was a break above the $23,250 resistance level. However, the price failed to clear the $23,450 resistance.

Bitcoin BTC Hourly Chart
BTC Hourly Chart by FXEmpire

There is also a new connecting bearish trend line forming with resistance near $23,250 on the hourly chart. A clear move above the $23,250 level could start a decent increase. If there is no upside break, bitcoin might continue to move down towards the $21,750 support.

Ethereum (ETH)

ETH also followed a similar pattern after it faced sellers near the $1,680 zone. There was a clear move below the $1,600 support zone.

It found support near the $1,565 level and recently started an upside correction. However, the bears were active near the $1,665 level. The price is now back below the $1,620 level and the 21 simple moving average (H1).

Ether ETH Hourly Chart
ETH Hourly Chart by FXEmpire

Ether price is also facing a new bearish trend line with resistance near $1,645 on the hourly chart. A clear upside break above the $1,645 level and $1,665 could stage a strong increase.

FLOW

FLOW found support near the $1.20 level after a strong decline. There was a steady increase above the $1.35 and $1.50 resistance levels.

The price climbed above the 23.6% Fib retracement level of the main drop from the $8.20 swing high to $1.20 swing low. The bulls pushed the price above the $2.00 level and the 21-day simple moving average. Besides, the price cleared a major bearish trend line on the daily chart at $2.00.

FLOW Daily Chart
FLOW Daily Chart by FXEmpire

Today, there was a strong surge of over 40% and the price climbed above the $2.80 level. It is now facing resistance near the $2.95 and $3.00 levels.

A clear upside break above the $3.00 barrier could send the price further higher towards $3.25. If not, there might be a downside correction below the $2.75 level. The main support sits near the $2.50 level, below which the price might gain bearish momentum.

ADA and DOT price

Cardano (ADA) is struggling to stay above the $0.50 pivot level. If there is fresh drop, the price might decline towards the $0.48 level.

Polkadot (DOT) is still consolidating near the $8.20 level. If there is a fresh increase, the price may perhaps rise towards the $8.50 level.

A few trending coins are ALGO, SAND, and XTZ. Out of these, XTZ is gaining pace above the $1.85 resistance zone.

Bitcoin, ETH Price Prediction: Support Turned Resistance, BNB Bulls Aim $335

Key Insights:

  • Bitcoin is attempting a recovery and facing hurdles near $23,450.
  • Ether is facing resistance near $1,680.
  • BNB could aim a larger increase towards the $335 resistance on the daily chart.

Bitcoin

Yesterday, bitcoin price saw a bearish reaction below the $23,450 support zone. The price declined below the $23,200 support zone and the 21 simple moving average (H1).

Finally, the bulls took a stand near the $22,650 level. A base was formed and the price started a recovery wave above the $23,000 level. Bitcoin cleared a connecting bearish trend line with resistance near $23,150 on the hourly chart.

Bitcoin BTC Hourly Chart
BTC Hourly Chart by FXEmpire

On the upside, the price is facing a major hurdle near the $23,450 level. A clear move above the $23,450 level could start a decent increase. If there is no upside break, bitcoin might continue to move down towards the $22,000 support.

Ethereum (ETH)

ETH also followed a similar pattern after it declined below the $1,680 support. There was a clear move below the $1,600 support zone.

Besides, the bears pushed the price towards the $1,565 support zone. The bulls took a stand and the price started a recovery wave above the 21 simple moving average (H1). Ether price climbed above a key bearish trend line with resistance near $1,656 on the hourly chart.

Ether ETH Hourly Chart
ETH Hourly Chart by FXEmpire

The bulls are now facing resistance at $1,680. The next major resistance is near the $1,700 level. A clear upside break above the $1,680 level and $1,700 could stage a strong increase.

BNB

BNB started a recovery wave above the $220 and $225 resistance levels. There was a steady increase above the $250 and $255 resistance levels.

The price climbed above the 50% Fib retracement level of the main drop from the $335 swing high to $190 base. The bulls pushed the price above the $280 level and the 21-day simple moving average. Besides, the price cleared a major bearish trend line on the daily chart at $265.

BNB Daily Chart
BNB Daily Chart by FXEmpire

It is now facing resistance near the $295 and $300 levels. A clear upside break above the $300 barrier could send the price further higher towards $335. If not, there might be a downside correction below the $285 level. The main support sits near the $250 level and 21-day simple moving average, below which the price might gain bearish momentum.

ADA and DOT price

Cardano (ADA) is consolidating above the $0.50 pivot level. If there is an upward move, the price might struggle near the $0.525 level.

Polkadot (DOT) is consolidating near the $8.20 level. An immediate resistance is near the $8.35 level, above which the price may perhaps rise towards the $8.50 level.

A few trending coins are UNI, ETC, and APE. Out of these, ETC is gaining pace and might attempt a move above the $40 resistance.

Bitcoin and ETH Price Prediction: Bulls Lose Control, Why XRP Might Surge Over $0.4

Key Insights:

  • Bitcoin started a fresh decline below the $23,500 support.
  • Ether (ETH) declined over 5% and traded below $1,600.
  • XRP is facing a key barrier near $0.400 on the daily chart.

Bitcoin

After clearing the $24,000 support, bitcoin price started a steady decline. The price traded below the $23,500 and $23,200 support levels. The price even settled below the $23,000 level and the 21 simple moving average (H1).

It tested the $22,700 zone and remains at a risk of more losses. The next major support is near the $21,800 level, below which there is a risk of a drop towards the $21,200 level.

Bitcoin BTC Hourly Chart
BTC Hourly Chart by FXEmpire

On the upside, there is a major resistance forming at $23,150 and a bearish trend line on the hourly chart. A close above the trend line and the 21 simple moving average (H1) might push the price to $24,000.

Ethereum (ETH)

ETH also followed a similar path after it failed to clear the $1,750 resistance. There was a bearish reaction below the $1,650 support and the 21 simple moving average (H1).

The price declined over 5% and traded below the $1,600 support zone. It is now showing a few bearish signs near the $1,575 level. An immediate support is near the $1,555 level. The next major support is near the $1,500 level.

Ether ETH Hourly Chart
ETH Hourly Chart by FXEmpire

Any more losses might send ether price towards the $1,420 level. On the upside, the bears might remain active near the $1,600 and a connecting bearish trend line on the hourly chart.

XRP

XRP found support near the $0.300 zone after a strong decline. A base was formed near $0.300 and the price started a minor upside correction.

There was a recovery wave above the $0.332 and $0.350 resistance levels. There was also a break above a crucial bearish trend line with resistance near $0.365 on the daily chart. However, the price faced a strong resistance near the $0.400 zone.

XRP Daily Chart
XRP Price Daily Chart by FXEmpire

XRP is slowly moving lower and approaching the broken trend line support at $0.362. If there is a downside break below the $0.365 support and $0.350, the price could nosedive to $0.312 or even $0.30.

On the upside, the price could face a strong resistance near the $0.40 level. The main resistance sits near the $0.411 zone, above which the price could rally 15%-20%.

ADA, BNB, and DOT price

Cardano (ADA) is struggling below the $0.50 support zone. The next major support is near $0.475, where the bulls might take a stand.

Binance Coin (BNB) is trading below the $285 level. If the bulls fail to protect the $275 support, the price could decline towards the $260 level.

Polkadot (DOT) is down over 8% and trading below the $8.0 level. The next major support is near the $7.62 level, below which there is a risk of a move towards the $7.45 level.

A few trending coins are CRO, BTT, and NEXO. Out of these, NEXO is gaining pace above the $0.745 resistance zone.

Bitcoin and ETH Price Prediction: Risk of Downside Thrust, Doge Faces Key Hurdle

Key Insights:

  • Bitcoin is showing a few bearish signs below the $23,650 and $23,550 levels.
  • Ether (ETH) might accelerate lower below $1,650.
  • DOGE might start a major increase if it clears the $0.075 resistance zone.

Bitcoin

After a steady upward move, bitcoin price faced sellers near the $24,500 zone. The price failed to continue higher and started a downside correction below the $24,000 support.

The bears pushed the price below the $23,550 level and the 21 simple moving average (H1). BTC is now showing a few bearish signs near the $23,200 level. There is also a key bearish trend line forming with resistance near $23,680 on the hourly chart.

Bitcoin BTC Hourly Chart
BTC Hourly Chart by FXEmpire

On the downside, there is a crucial support near $22,600. A close below the $22,600 zone could start a major drop. Conversely, the price could start a fresh increase if it clears the 21 simple moving average (H1) and then the trend line resistance.

Ethereum (ETH)

ETH also followed a similar pattern after it failed to clear the $1,780 resistance zone. There was a fresh decline below the $1,725 level and the 21 simple moving average (H1).

There was a move below the $1,700 level and the bears are now attempting a move below the $1,650 support zone. The next major support is near $1,600, below which there is a risk of a move towards the $1,520 low or even $1,500.

Ether ETH Hourly Chart
ETH Hourly Chart by FXEmpire

Conversely, the price could rise again and revisit the $1,745 resistance zone. The next major resistance is near the $1,780 level.

Dogecoin (DOGE)

DOGE started a recovery wave from the $0.0500 support zone. There was a move above the $0.0620 level and the 21-day simple moving average.

The bulls attempted a push above the 23.6% Fib retracement level of the downward move from the $0.1750 swing high to $0.050 low. However, the price faced a strong resistance near the $0.0760 and $0.0750 levels.

Dogecoin (DOGE) Daily Chart
Dogecoin (DOGE) Daily Chart

DOGE also failed near a key bearish trend line with current resistance at $0.0740. The price is now consolidating below the $0.0700 level, with a decent support at $0.0650. If there is a close below $0.065, the price could accelerate lower.

Conversely, the price could clear the $0.075 and $0.076 resistance levels to start a major increase. In the stated case, it could easily rally 20%-25%.

ADA, BNB, and DOT price

Cardano (ADA) is down over 2% and trading below the $0.515 level. The next major support is seen near the $0.508 level.

Binance Coin (BNB) is slowly moving lower towards the $280 level. The key breakdown support is near the $272 level.

Polkadot (DOT) is up over 20% in a week and it is trading above the $8.50 resistance. The next major hurdle sits near the $8.80 level.

A few trending coins are SHIB, LEO, and CHZ. Out of these, CHZ is up 20% and trading above the $0.155 resistance zone.

Bitcoin and ETH Price Prediction: Bulls Keep Pushing, LINK Signals Breakout To $10

Key Insights:

  • Bitcoin remained in a bullish zone above $22,000.
  • Ether (ETH) gained steadily and settled above $1,700.
  • LINK is signaling a major bullish breakout on the daily chart.

Bitcoin

After a clear move above the $23,000 level, bitcoin price followed a bullish path. There was a minor downside correction, but the bulls were active and pushed the price above $23,500.

There was a clear move above the $24,000 level and the 21 simple moving average (H1). On the upside, there is a major resistance forming at $24,420, above which bitcoin could rise towards the $25,000 resistance.

Bitcoin BTC Hourly Chart
BTC Hourly Chart by FXEmpire

If there is a downside correction, the price might find bids near $23,850 and a connecting bullish trend line on the hourly chart. Any more losses might call for a test of $23,450.

Ethereum (ETH)

ETH also followed a similar path after it settled above the $1,600 support. There was a sharp increase above the $1,700 level and the 21 simple moving average (H1).

The price even climbed above the $1,750 level before there was a downside correction. The price is now back above the $1,725 level and facing resistance near $1,750. On the upside, the bears might remain active near the $1,770 and $1,780 levels. The next major resistance sits near the $1,850 level.

Ether ETH Hourly Chart
ETH Hourly Chart by FXEmpire

If there is a downside correction, the price might find support near $1,700 and a connecting bullish trend line on the hourly chart. Any more losses might call for a test of $1,665.

Chainlink (LINK)

LINK formed a strong support base above the $5.20 level. There were multiple attempts by the bears to push the price below the $5.20 level, but the bulls protected losses.

As a result, there was a steady increase above the $5.50 and $6.00 resistance levels. There was a clear move above a major bearish trend line with resistance near $7.40 on the daily chart. The price even settled above the $7.00 level and the 21-day simple moving average.

Chainlink (LINK) Daily Chart
Chainlink (LINK) Daily Chart by FXEmpire

The price is up over 10% in a day and is now facing resistance near the $8.10 level. It seems like the price might continue to rise towards the $8.80 and $9.20 levels. The main resistance sits near the $9.65 and $10.00 levels.

ADA, BNB, and DOT price

Cardano (ADA) remained well bid above the $0.50 support. The price is now rising and approaching the key $0.545 resistance zone.

Binance Coin (BNB) also found support well above the USD 250 level. The price is now back above USD 275 and might revisit the USD 300 resistance.

Polkadot (DOT) is up 10% and trading above the $8.20 level. An immediate resistance is near $8.35, above which it could test $8.50.

A few trending coins are SOL, AVAX, and ETC. Out of these, ETC seems unstoppable and might even test the $50 resistance zone.

Bitcoin and ETH Price Prediction: Rally Could Take Breather, DOT Could Aim Reversal

Key Insights:

  • Bitcoin started a fresh increase above the $22,250 resistance.
  • Ether (ETH) surged above $1,550 and $1,600 before the bears appeared.
  • DOT is attempting a key upside break above $8.0 and $8.5.

Bitcoin

Recently, bitcoin price saw a major increase above the $22,000 resistance zone. It cleared the $22,250 level and the 21 simple moving average (H1) to move into a positive zone.

The upward move gained pace above $23,000 and $23,200. However, the price failed to gain pace for a move above the $23,500 level. It is now correcting gains and trading below $23,000. On the downside, an initial support is near $22,500.

Bitcoin BTC Hourly Chart
BTC Hourly Chart by FXEmpire

The main support is near $22,250 and a connecting bullish trend line on the hourly chart. On the upside, the price is now facing a strong resistance near the $23,400 zone. A clear move above the $23,400 level might push the price towards the $24,000 level. The next major resistance might be $25,000.

Ethereum (ETH)

ETH also followed a similar pattern and gained pace above the $1,550 level. There was a close above the $1,600 level and 21 simple moving average (H1).

It even traded above $1,600 and currently consolidating gains. On the downside, the price might find bids near the $1,600 level. The next major support is near the $1,540, below which the price could slide to $1,500.

Ether ETH Hourly Chart
ETH Hourly Chart by FXEmpire

On the upside, the $1,665 level presents a major hurdle. The next major resistance is near the $1,700 level. A successful close above the $1,700 level might start another increase. In the stated case, the price might rise towards the $1,880 level.

Polkadot (DOT)

DOT formed a base above the $6.00 support zone after a strong decline. The bulls were active above $6.00 and protected any more downsides.

As a result, the price started a steady upward move above the $6.50 resistance zone. There was a clear move above the $6.80 resistance and a key bearish trend line on the daily chart. It is now trading well above the $7.00 level and the 21-day simple moving average.

DOT Daily Chart
DOT Daily Chart by FXEmpire

It is now approaching the 50% Fib retracement level of the key decline from the $12.00 swing high to $6.10 low. If there is a close above the $8.50 resistance, the price could start a major increase. In the stated case, DOT price may perhaps clear the $10.00 resistance.

ADA and BNB price

Cardano (ADA) attempted a close above the $0.50 resistance but struggled. It is now correcting gains and might test $0.488.

Binance Coin (BNB) spiked towards the $272 before the bears emerged. The price is now moving lower and might test $262.

A few trending coins are UNI, ETC, and NEAR. Out of these, ETC rallied over 30% and broke the $32 resistance as discussed in yesterday’s analysis.

Bitcoin and ETH Price Prediction: Recovery Faces Barrier, ETC Bulls Aim $32

Key Insights:

  • Bitcoin is slowly moving higher towards the $21,750 resistance zone.
  • Ether (ETH) is now facing a major barrier near $1,500.
  • ETC is gaining pace and might accelerate higher towards the $32 level.

Bitcoin

Recently, bitcoin price extended losses below the $21,000 level. However, the bulls were active near the $20,740 level. The price formed a base and started a recovery wave above $21,000.

The price was able to clear the $21,250 level and the 21 simple moving average (H1).  There was a move above a connecting bearish trend line with resistance near $21,200 on the hourly chart. Bitcoin is now facing a major resistance near the $21,750 level.

Bitcoin BTC Hourly Chart
BTC Hourly Chart by FXEmpire

A clear move above the $21,750 resistance might start a steady increase towards $22,000, above which bitcoin could rise towards $22,500. On the downside, the previous resistance at $21,000 might act as a support.

Ethereum (ETH)

ETH outperformed and rallied above the $1,400 resistance zone. The bulls even pumped the price above the $1,450 level and the 21 simple moving average (H1).

There was a move above a key bearish trend line with resistance near $1,400 on the hourly chart. The price is now trading near the $1,480 level. On the upside, there are many hurdles forming near $1,500. A close above the $1,500 level could start anther increase and the price might test $1,565.

Ether ETH Hourly Chart
ETH Hourly Chart by FXEmpire

On the downside, there is a key support forming near the $1,450 level, below which the price might resume its decline.

Ethereum Classic (ETC)

ETC found support near the $12.60 level after a major decline. A base was formed near $13 and the price started a recovery wave.

The price was able to clear the $20.00 resistance. Besides, there was a break above a key bearish trend line with resistance near $20.50 on the daily chart. ETC consolidated above the trend line for some time before there was a fresh increase.

Ethereum Classic (ETC) Daily Chart
Ethereum Classic (ETC) Daily Chart by FXEmpire

Recently, ETC gained over 15% and was able to clear the $25 resistance zone. The next major resistance is near the $27.50 level, above which the price may perhaps rise towards the $32 resistance.

If there is no upside break, the price could start a downside correction below $25. The next major support sits near the $22 level.

ADA, BNB, and DOT price

Cardano (ADA) is up over 3% and there was a move above the $0.465 resistance. The next major resistance sits near $0.48.

BNB was able to clear the $255 resistance. On the upside, the bears might remain active near the $265 level.

Polkadot (DOT) is slowly moving higher towards the $7.00 resistance. A clear move above $7.00 could set the pace for a move to $7.35.

A few trending coins are MATIC, BNB, and LDO. Out of these, LDO is up over 20% and might rise towards the $1.70 level.

Bitcoin, ETH and BNB Price Prediction: Recent Breakdown Could Gather Pace

Key Insights:

  • Bitcoin failed to extend gains and declined below $22,000.
  • Ether is showing bearish signs below $1,400.
  • BNB is approaching a major bullish trend line on the daily chart.

Bitcoin

After a spike above the $23,000 resistance, bitcoin price faced sellers. There was a bearish reaction and the price declined below the $22,000 support.

There was a break below the $21,240 support and the 21 simple moving average (H1). It even broke the $21,000 level and is now consolidating above the $20,800 level. On the upside, the price is facing a major hurdle near the $21,400 level and a connecting bearish trend line.

Bitcoin BTC Hourly Chart
BTC Hourly Chart by FXEmpire

A clear move above the $21,400 level could start a decent increase. If there is no upside break, bitcoin might continue to move down towards the $20,000 support.

Ethereum (ETH)

ETH formed a double top pattern near the $1,640 level and started a major decline. There was a clear move below the $1,540 support zone.

Besides, the bears pushed the price below a key bullish trend line with support near $1,500 on the hourly chart. Finally, the price settled below the $1,400 level and the 21 simple moving average (H1).

Ether ETH Hourly Chart
ETH Hourly Chart by FXEmpire

It is now consolidating, with an immediate resistance at $1,405. The next major resistance is near the $1,465 level. A clear upside break above the $1,465 level and $1,480 could stage a strong increase.

Conversely, it could continue to move down towards the main support at $1,300. Any more losses might put a lot of pressure on the bulls.

BNB

BNB formed a base near the $180 zone before it started a recovery wave. There was a steady increase above the $200 and $225 resistance levels.

The price climbed above the 50% Fib retracement level of the key decline from the $340 swing high to $185 low. The price even moved above the $250 level and the 21-day simple moving average. However, the bears appeared near the $275 zone.

BNB Daily Chart
BNB Daily Chart by FXEmpire

The price failed to clear the 61.8% Fib retracement level of the key decline from the $340 swing high to $185 low. It is now moving lower and approaching a major bullish trend line on the daily chart at $240. A clear downside break below the trend line support could spark a move towards the $200 support.

ADA and DOT price

Cardano (ADA) is trading below the $0.465 level. It is now consolidating near the $0.45 level and might attempt a recovery wave towards the $0.48 level.

Polkadot (DOT) is again trading below the $7.0 level. The next major support is near $6.50, below which the bears might aim a test of $6.20.

A few trending coins are ATOM, TWT, and OKB. Out of these, OKB seems to be holding the $14.80 support zone and might start a fresh increase.

Bitcoin and ETH Price Prediction: Upsides At Risk, ATOM Could Rally To $15

Key Insights

  • Bitcoin corrected lower below $23,500 and $23,200.
  • Ether price tested the key $1,460 support zone.
  • ATOM is rising and might rally further if it clears $12.50.

Bitcoin (BTC)

After struggling to clear the $24,275 zone, bitcoin started a downside correction. There was a clear move below the $23,080 support zone and the 21-day simple moving average (H1).

The price even declined below the $23,000 level which had previously provided support. BTC is now trading near a major support at $22,400. If there is a downside break, the price could decline to $21,650.

Bitcoin BTC Hourly Chart
BTC Hourly Chart by FXEmpire

The next major support sits at $21,000, below which could see BTC falling back down to the $20,000 psychological level.

In the event of a rebound, bitcoin needs to breakout of the $23,080 resistance zone and consolidate above for at least a few days. The next major hurdle is near $24,000.

Ethereum (ETH)

Ether also followed a similar pattern and started a fresh decline from the $1,625 resistance zone. The price declined below the $1,550 level and the 21-day simple moving average (H1).

It is now consolidating near the $1,480 zone. The next major support sits at $1,460, below which the price could decline towards the $1,385 support zone. If this current level holds, ether may start a fresh rally from the $1,460 zone.

Ether ETH Hourly Chart
ETH Hourly Chart by FXEmpire

On the upside, there is a major resistance near the $1,550 zone on the hourly chart, above which the price could revisit the $1,625 zone.

Cosmos (ATOM)

After a few weeks of heavy selling, ATOM formed a support near the $5.00 zone. A strong base was formed and the price started a major rally above the $6.50 and $7.50 levels.

There was a clear move above the $8.00 resistance and the 21-day simple moving average. Additionally, there was a break above a major bearish trend line at $8.80 on the daily chart and ATOM is now attempting an upside break above the $11.00 zone.

ATOM Daily Chart
ATOM Daily Chart by FXEmpire

The main resistance sits near the $12.50 level which has previously prevented a breakout. A close above $12.50 could set the pace for a larger rally. The next stop for the bulls might be $15.00 or $16.50 after that.

If ATOM is unable to push past $12.50, then it may pullback towards the support at $10 before reattempting a move upward.

ADA, BNB, and DOT price

Cardano (ADA) is down 9% and struggling to stay above the $0.475 level. On the upside, the $0.50 zone might act as a breakout zone.

BNB is consolidating at the $260 level. If the bulls are unable to push above, then BNB might decline towards the $230 level.

Polkadot (DOT) is down 8% and trading below the $7.50 level. The next major support is at $7.20, below which the price might decline towards $7.00.

A few trending coins are ETC, RUNE, and CRV. Out of these, CRV is gaining pace above the $1.28 level and might climb above the $1.30 level if current momentum continues.

Bitcoin and ETH Price Prediction: Bulls Keeps Pushing, NEAR Price Targets $8

Key Insights:

  • Bitcoin remains in a positive zone above the $23,000 level.
  • Ether (ETH) is eyeing more gains above $1,625.
  • NEAR broke out of major resistance level and is now targeting $8.

Bitcoin (BTC)

The price of bitcoin (BTC) has recently surged past the $23,000 resistance and is now consolidating above the 21-day simple moving average (H1).

The next major resistance is near the $24,000 level. A clear move above the $24,000 zone could send the price further towards the $25,000 psychological level.

Bitcoin BTC Hourly Chart
BTC Hourly Chart by FXEmpire

If there is a downside correction, there is support on the H1 indicator, as well as the $23,000 mark. If those fail to hold, then BTC may hurtle back to $22,000 where it previously found support.

Ethereum (ETH)

ETH also followed a bullish path after it broke the $1,440 resistance zone. The price cleared the key $1,550 level and is now consolidating.

The price briefly surpassed the $1,600 level but was unable to maintain its rally, falling back down towards the 21-day simple moving average (H1).

An immediate support on the downside sits near the $1,400 level and a connecting bullish trend line on the hourly chart.

Ether ETH Hourly Chart
ETH Hourly Chart by FXEmpire

If ETH is able to consolidate above $1,500 until the end of the week, the bulls may attempt to push past $1,600 level again, as long as the wider crypto markets continue their rallies as well.

Should ETH fail to push past this level, then we may see a correction towards the $1,400 and even lower yet to $1,200 if there are wider market downturns.

NEAR Protocol (NEAR)

After a failed breakout above $4.60, NEAR is now seeing a pullback towards the $4 level again.

This recent price action follows a few weeks of widespread declines in the market which saw NEAR dropping to as low as $2.80 for a brief period of time.

The token then consolidated for a few weeks before shooting up and recovering some losses.

This week, it gained over 30% and surpassed a key bearish trend line with resistance near $3.20 on the daily chart.

If the bulls are able to form a new support above the $4 region, then we may see another attempt to push past $4.60 in the coming days.

If this level cannot hold, then the previous resistance at $3.20 may provide some support going forward.

NEAR Daily Chart
NEAR Daily Chart by FXEmpire

If bullish price action continues in the wider crypto markets, then the next resistance level for NEAR is at $5 and $6.80 above that.

The most significant resistance above that would be the $10 level which serves as a psychological barrier due to being a round number.

ADA, BNB, and DOT price

Cardano (ADA) is now consolidating near the $0.525 level. If current price action continues, the price could test the $0.55 level in the coming days.

Binance Coin (BNB) is slowly moving higher towards the $275 resistance zone. If the bulls are able to carry the price higher, then the next resistance is at $290.

Polkadot (DOT) is consolidating above the $7.50 support. On the upside, there will likely be some resistance at $8 due to previous price action.

A few trending coins are DOGE, SHIB, and LTC. Out of these, DOGE is gaining pace for a move toward the $0.0735 resistance zone.

Bitcoin and ETH Price Prediction: Bulls In Control, MATIC Could Rally To $1.30

Key Insights:

  • Bitcoin is eyeing a fresh move towards the $23,000 level.
  • Ether (ETH) is consolidating above the $1,500  support level.
  • MATIC surged over 50% heading towards $1.30.

Bitcoin

Bitcoin has managed to remain above a support trendline for the past few days leading to a rally past the $22,000 resistance level, all the way to $22,750.

BTC is now consolidating above the 21-day simple moving average (H1) indicating bullish price action in the short term.

So far, the bears have defended the $22,750 zone, but the general sentiment in the market seems to be shifting towards a more positive outlook.

This recent price action follows a brief dip back to the support line which was quickly bought up by the bulls.

Bitcoin BTC Hourly Chart
BTC Hourly Chart by FXEmpire

If the price of bitcoin stays above $21,550, it could see further rallies all the way up past $23,000 and higher . The first major resistance is near the $25,750 level, above which the price could start targeting the $30,000 psychological zone.

Ethereum (ETH)

ETH has confidently pushed past the resistance at $1,440 and is now consolidating above the $1,500 level. The 21-day simple moving average (H1) has so far provided support indicating further rallies may be coming.

This recent price action follows a brief breakout above $1,600 which was quickly pushed back down by the bears. ETH may range at this level for a few days before it can attempt to move higher again.

Ether ETH Hourly Chart
ETH Hourly Chart by FXEmpire

If there are wider corrections in the market, ETH has support near $1,400 and $1,230.

This is where Ethereum has previously found support and the $1,400 is particularly important since it marked the top for ETH in the 2017-18 cycle.

If ETH is able to flip the previous resistance into a solid support level, then bears may have a hard time keeping prices low.

Polygon (MATIC)

Following widespread sell-offs in the crypto markets, MATIC has managed to bounce more than 100% from its lows in June.

MATIC has seen continued growth over the past few days, confidently pushing past the resistance at $0.65 and heading towards the $1.00 mark.

MATIC Daily Chart
MATIC Daily Chart by FXEmpire

The price has now shot past the $0.75 level and the 21-day simple moving average which has provided support on several occasions. Notably, MATIC has also crossed the 38.2% Fib retracement level indicating further bullish momentum.

However, the $1.00 mark will likely act as the next major resistance level as it serves as a psychological barrier and a key zone to look out for according to the Fib retracement tool.

A breach of this level and a few days of consolidation will indicate that the bulls are in control with a higher target of $1.30 in the medium term.

A failure to breakout may push prices back down to the $0.85 level before another attempt can be made.

ADA, BNB, and DOT Price Analysis

Cardano (ADA) is struggling to gain pace above the $0.512 level. If the bulls succeed, the price could rise toward $0.55.

Binance Coin (BNB) is showing positive signs above the $260 level. A clear move above the $268 level may see it targeting $280 next.

Polkadot (DOT) is heading towards the resistance at $8.00. A confident move above this level may see a bigger move towards the $10.00 zone.

A few trending altcoins are XEM, FTM, and ETC. Out of these, ETC is gaining pace above the $25 resistance zone and may rise to $30 if current market conditions continue. Also, XEM rallied over 10% and broke the $0.045 barrier.

Bitcoin and ETH Price Prediction: Bulls Eye Reversal, ETC Rallies 20%

Key Insights:

  • Bitcoin climbed above the key $21,650 resistance zone.
  • Ether (ETH) surged over 10% and even climbed above $1,500.
  • ETC registered three strong green candles on the daily chart.

Bitcoin

Recently, bitcoin price started a decent increase following ether’s rise above $1,400. There was a clear move above the $21,650 resistance zone and the 21 simple moving average (H1).

The bulls were able to push the price above the $22,000 resistance zone. It tested the $22,500 resistance zone and is currently correcting lower. On the downside, the previous resistance at $21,650 might act as a support.

Bitcoin BTC Hourly Chart
BTC Hourly Chart by FXEmpire

On the upside, there is a key bearish trend line forming with resistance near $22,100 on the hourly chart. A clear move above the trend line might start a steady increase towards $22,500, above which bitcoin could rise towards $23,500.

Ethereum (ETH)

ETH outperformed and rallied above the $1,385 resistance zone. The bulls even pumped the price above the $1,420 level and the 21 simple moving average (H1).

Finally, there was a spike above the $1,500 level and ether traded to a new multi-week high. It is now consolidating gains near the $1,475 level. On the downside, there is a major bullish trend line forming with support near $1,420 on the hourly chart.

Ether ETH Hourly Chart
ETH Hourly Chart by FXEmpire

On the upside, there are many hurdles forming near $1,500. A close above the $1,500 level could start a anther increase and the price might test $1,580.

Ethereum Classic (ETC)

ETC found support near the $12.50 level after a strong decline. A base was formed near $12.50 and $13.50 before the price started a recovery wave.

The price was able to climb above the $18.00 resistance. Besides, there was a move above a key bearish trend line with resistance near $16.50 on the daily chart. ETC gained over 20% and was able to clear the 23.6% Fib retracement level of the downward move from the $34.00 resistance zone to $12.50 low.

ETC Daily Chart
ETC Daily Chart by FXEmpire

The next major resistance is near the $25.50 level. A clear move above the $25.50 resistance could initiate a strong reversal. In the stated case, the price could test $35 or the 50% Fib retracement level of the downward move from the $34.00 resistance zone to $12.50 low.

If there is no upside break, the price could start a downside correction below $20. The next major support sits near the $18.00 level.

ADA, BNB, and DOT price

Cardano (ADA) is up over 8% and there was a move above the $0.48 resistance. The next major resistance sits near $0.50.

BNB was able to clear the $255 resistance. On the upside, the bears might remain active near the $280 level.

Polkadot (DOT) is slowly moving higher towards the $7.65 resistance. A clear move above $7.65 could set the pace for a move to $8.00.

A few trending coins are MATIC, AVAX, and UNI. Out of these, AVAX is up over 10% and might rise towards the $25.00 level.

Bitcoin and ETH Price Prediction: Upsides Could Be Limited, Why TRX Could Take Hit

Key Insights:

  • Bitcoin could extend losses towards the $18,750 support.
  • Ether (ETH) is struggling to stay above $1,050.
  • TRX failed to surpass $0.0705 and declined below a key support.

Bitcoin

After a short-term recovery wave, bitcoin price failed to clear the $21,250 resistance zone. BTC formed a top and started a fresh decline below the $20,600 level.

There was a clear move below the $20,250 support area and the 21 simple moving average (H1). However, the bulls were active near the $19,550 zone. The price is now attempting a recovery wave above the $19,950 level.

Bitcoin BTC Hourly Chart
BTC Hourly Chart by FXEmpire

On the upside, bitcoin might face resistance near the $20,100 zone and a connecting bearish trend line on the hourly chart. The first major resistance is near the $20,250 level, above which the price could rise towards the $20,700 resistance zone.

Ethereum (ETH)

ETH also followed a similar path and settled below the $1,125 support zone. It even declined below the $1,000 level and the 21 simple moving average (H1).

The bulls are now taking a stand near the $1,050 level. The price is now attempting a recovery wave above the $1,070 level. On the upside, ether price might face resistance near the $1,100 zone and a connecting bearish trend line on the hourly chart.

Ether ETH Hourly Chart
ETH Hourly Chart by FXEmpire

The first major resistance is near the $1,125 level, above which the price could rise towards the $1,200 resistance zone. If not, it could extend losses below $1,050.

Tron (TRX)

TRX recovered from the $0.045 support zone. The price gained pace for a move above the $0.0550 and $0.0570 resistance levels.

It cleared the 38.2% Fib retracement level of the key drop from the $0.0900 swing zone to $0.0450 low. The price even spiked above the $0.0700 resistance. However, the price failed to extend gains above the $0.0705 level.

Tron TRX Daily
TRX Daily Chart by FXEmpire

It struggled to surpass the 50% Fib retracement level of the key drop from the $0.0900 swing zone to $0.0450 low. It is moving lower and there was a break below a major rising channel with support near $0.0665 on the daily chart.

The next major support is near the $0.0622 level. Any more losses might send the price towards the $0.0600 level.

ADA, BNB, and DOT price

Cardano (ADA) is slowly moving lower and trading below the $0.45 level. The next major support sits at $0.420, followed by $0.405.

Binance Coin (BNB) is trading near the $225 level. If there is a recovery wave, the bears might appear near the $235 level.

Polkadot (DOT) extended losses below the $6.70 level. The price even tested the $6.50 support level. Any more losses might call for a move towards the $6.32 level.

A few trending coins are MATIC, SAND, and QNT. Out of these, QNT is gaining pace above the $80 resistance and might surpass $85.

Bitcoin and ETH Price Prediction: Risk of Downside Break, UNI Could Surge To $8

Key Insights:

  • Bitcoin is slowly moving lower towards the $20,000 support.
  • Ether (ETH) declined below the key $1,160 support.
  • UNI broke a crucial barrier and might surge towards $8.00.

Bitcoin

After a few failed attempts near $22,000, bitcoin price reacted to the downside. The price gained pace after it broke the $21,185 support zone.

The price settled below the $21,000 level and the 21 simple moving average (H1). The current price action is bearish below the $20,550 level. On the downside, there is a major support at $20,000. A daily close below $20,000 could start a major decline.

Bitcoin BTC Hourly Chart
BTC Hourly Chart by FXEmpire

On the upside, the price could face resistance near the $20,650 level. The main resistance is now forming near the $21,185 level.

Ethereum (ETH)

ETH also started a bearish wave from the $1,275 zone. There was a steady decline below the $1,200 level and the price moved into a negative zone.

Ether even declined below the $1,160 support and settled below the 21 simple moving average (H1). It is now consolidating above the $1,120 support zone. On the upside, there are many hurdles forming near $1,160 and $1,175.

Ether ETH Hourly Chart
ETH Hourly Chart by FXEmpire

There is also a key bearish trend line with resistance near $1,175 on the hourly chart. A close above the $1,175 level could set the pace for a larger increase. On the downside, there is a key support near the $1,120 level, below which the price could restart decline and test $1,040.

Uniswap (UNI)

UNI formed a support base near the $3.35 level after a strong decline. The price remained well bid and started a steady recovery wave above the $4.0 level.

The price climbed above the $5.00 resistance and the 21-day simple moving average. There was a clear move above a crucial bearish trend line with resistance near $5.20 on the daily chart. It even broke the $5.80 resistance, which is now acting as a support.

UNI Daily Chart
UNI Daily Chart by FXEmpire

On the upside, UNI might face resistance near the $6.80 level. If there is a clear move, the price could rise towards the $8.00 barrier or the 50% Fib retracement level of the downward move from the $12.50 resistance zone to $3.35 low.

If there is no upside break, the price could restart decline and test the $5.00 level. The next major support sits near the $4.20 level.

ADA, BNB, and DOT price

Cardano (ADA) is slowly moving lower below the $0.45 support. If the bears remain in action, the price could test the $0.412 support.

BNB is consolidating near the $230 level. The first key resistance is near $235. A clear move above $235 might call for a test of the $250 resistance.

Polkadot (DOT) is back below the $7.0 pivot level. The next major support is near $6.55, below which it might slide to $6.32.

A few trending coins are MATIC, ATOM, and XMR. Out of these, XMR is gaining pace above the $125 resistance zone.

Bitcoin, ETH and AAVE Price Prediction: Strengthening Bullish Case

Key Insights:

  • Bitcoin extended gains and traded above the $22,000 level.
  • Ether (ETH) spiked and tested the $1,280 resistance.
  • AAVE is gaining pace and could rally if there is a close above $75.

Bitcoin

After a steady move above $20,500, bitcoin price extended gains. The price was able to surpass the $21,250 and $21,500 resistance levels.

It even spiked above the $22,000 level and settled above the 21 simple moving average (H1). It tested the $22,350 zone and is now correcting gains. There was a break below the $22,000 pivot level. An immediate support is near a key bullish trend line at $21,150 on the hourly chart.

Bitcoin BTC Hourly Chart
Bitcoin BTC Hourly Chart by FXEmpire

The next major support is near the $20,600 level. Any more losses might increase selling pressure and the price could decline to $19,500.

Ethereum (ETH)

ETH gained pace above the $1,200 resistance level and the 21 simple moving average (H1). It even spiked above the $1,250 level, but faced sellers near $1,280.

The price is now correcting gains and trading below the $1,200 level. There was a break below a key bullish trend line with support near $1,210 on the hourly chart. The next major support sits near $1,195. A downside break and close $1,195 could spark a sharp decline to $1,110.

Ether ETH Hourly Chart
ETH Hourly Chart by FXEmpire

On the upside, the price could face resistance near $1,225. A clear move above the $1,225 resistance zone could open the doors for another increase. In the stated case, the price could even rally above $1,280.

AAVE

AAVE started a downside correction from the $125 resistance zone. The price corrected lower and traded below the $100 support zone.

There was a clear move below the $750 support zone and the 21-day simple moving average. However, the bulls were active near the $45-50 zone. A low was formed near $45 and the price started a fresh increase.

AAVE Daily Chart
AAVE Daily Chart

There was a move above the 23.6% Fib retracement level of the key decline from the $125 swing high to $45 low. It even cleared a major bearish trend line at $58 on the daily chart.

The bulls are now facing resistance near the $75 level. A clear move above the $75 resistance zone could set the pace for a move towards the next barrier at $100 in the coming days.

ADA, BNB, and DOT price

Cardano (ADA) attempted a move towards the $0.50 resistance but failed. The price is now consolidating near the $0.465 level.

BNB is consolidating near the $240 level. The next key resistance is near the $250 level, above which the price could start a strong rally to $265.

Polkadot (DOT) is consolidating near the $7.0 level. If the bulls remain in action, there are chances of a move towards the $7.32 level.

A few trending coins are MATIC, XRP, and CRO. Out of these, XRP seems to be aiming a strong move towards the $0.40 level.

Bitcoin and ETH Price Prediction: Market Could See “Liftoff”, AVAX Targets $30

Key Insights:

  • Bitcoin started a decent recovery wave above the $20,600 resistance.
  • Ether (ETH) was able to recover above $1,160 and $1,200.
  • AVAX broke a major bearish trend line on the daily chart.

Bitcoin

After forming a base above the $19,500, bitcoin price started a decent upward move. The price settled above the $20,000 resistance to move into a positive zone.

The bulls were able to clear the $20,600 resistance zone and the 21 simple moving average (H1). The current price action is signaling more upsides above the $21,000 resistance zone. The next major resistance might be $21,500.

Bitcoin BTC Hourly Chart
BTC Hourly Chart by FXEmpire

A clear move above $21,500 might send the price towards $22,000. If not, bitcoin could correct and revisit $20,600. The next major support is now forming near $20,000.

Ethereum (ETH)

ETH also followed a similar pattern and started a recovery wave from the $1,100 support zone. There was a decent upward move above the $1,160 resistance zone.

Ether was able to surpass the $1,200 resistance level and the 21 simple moving average (H1). On the upside, the price is now facing resistance near $1,250. A clear move above the $1,250 level could start an increase towards $1,325.

Ether ETH Hourly Chart
ETH Hourly Chart by FXEmpire

If not, the price might correct lower and test the $1,200 zone. There is also a key bullish trend line forming with support near $1,195 on the hourly chart. The next major support is near the $1,160 level.

Avalanche (AVAX)

AVAX followed a bearish path below the $35 pivot level. There was a clear move below the $25 and $20 support levels. The price even dived below the $18 level.

Finally, the bulls took a stand near the $14 level. A base was formed and the price is now recovering above the $15 level. There was a move above a major bearish trend line with resistance near $18 on the daily chart.

AVAX Daily Chart
AVAX Daily Chart by FXEmpire

An immediate resistance is near the $20 level. A close above the $20 level may perhaps start a major increase. In the stated case, AVAX may perhaps revisit the $30 resistance zone.

If there is no upside break, the price could revisit the $15 support. Any more losses might call for a test of the $12 support.

ADA, BNB, and DOT price

Cardano (ADA) is up 3% and trading above the $0.470 level. If it surpasses $0.48, the bulls could aim a decent increase.

Binance Coin (BNB) is slowly moving higher towards the $245 and $250 levels. The main resistance on the upside is near the $265 level.

Polkadot (DOT) is up over 3% and is currently approaching the $7.15 resistance. Any more gains might send the price towards the $7.32 level.

A few trending coins are SOL, DOGE, and MATIC. Out of these, SOL is gaining pace above the key $35 resistance zone.

Bitcoin and ETH Price Prediction: Bulls Target Upside Break, BNB Eyes Reversal

Key Insights:

  • Bitcoin remained well bid above the $19,750 zone.
  • Ether is showing positive signs above the $1,125 level.
  • BNB is up over 5% and approaching a major hurdle at $250.

Bitcoin

After a spike above the $20,450 resistance, bitcoin price faced sellers near $20,750. There was a bearish reaction and the price settled below $20,450.

There was a break below the $20,000 support, but the price remained stable near the $19,750 level and the 21 simple moving average (H1). It is now consolidating above the $20,000 level. On the upside, the price is facing a major hurdle near the $20,450 level.

Bitcoin BTC Hourly Chart
BTC Hourly Chart by FXEmpire

A clear move above the $20,450 level could start a major increase. If there is no upside break, bitcoin could start a fresh decline and may possibly trade below $19,750.

Ethereum (ETH)

ETH remained in a positive zone above the $1,060 support zone. There was a slow and steady increase above the $1,100 level.

Ether price even settled above the $1,125 level and the 21 simple moving average (H1). It seems like the price is trading in a key contracting triangle with resistance near $1,150 on the hourly chart. A clear upside break above the $1,150 level and $1,170 could stage a strong increase.

Ether ETH Hourly Chart
ETH Hourly Chart by FXEmpire

Conversely, it could start another decline and may possibly trade below $1,100. The next major support sits near the $1,060 level.

BNB

BNB formed a base near the $185 level before it started a recovery wave. There was a steady increase above the $200 and $220 resistance levels.

The price climbed above the 23.6% Fib retracement level of the downward move from the $335 swing high to $185 low. However, the bears appeared near the $245 zone and the 21-day simple moving average.

BNB Daily Chart
BNB Daily Chart by FXEmpire

The price corrected gains but stayed above $200. It is now attempting another break above the $245 resistance zone and a connecting bearish trend line on the daily chart.

The next key resistance might be $260 and the 50% Fib retracement level of the downward move from the $335 swing high to $185 low, above which the bulls could aim a move towards the $300 level. If there is no upside break, the price could start a fresh decline below the $220 level.

ADA and DOT price

Cardano (ADA) is slowly moving higher towards the $0.465 level. To start a strong increase, it must clear the $0.50 resistance zone. On the downside, there is a major support at $0.432.

Polkadot (DOT) is again rising towards the $7.0 level. A close above the $7.0 level could start a steady increase in the coming sessions.

A few trending coins are MATIC, UNI, and ATOM. Out of these, MATIC is rising but still below the key $0.60 resistance zone.

Bitcoin and ETH Price Prediction: Support Intact, Why MATIC Rally Could Fade

Key Insights:

  • Bitcoin jumped to $20,450 before correcting lower.
  • Ether (ETH) is trading above the $1,085 and $1,070 support levels.
  • MATIC surged over 10% but faces a major hurdle near $0.55.

Bitcoin

In the past few sessions, bitcoin price found support and climbed above the $19,750 resistance. It even broke the $20,000 resistance and the 21 simple moving average (H1).

However, the bears defended the $20,450 zone. Recently, there was a downside correction below the $20,000 level and the 21 simple moving average (H1). The price is now trading near the $19,350 support and a connecting bullish trend line on the hourly chart.

Bitcoin BTC Hourly Chart
BTC Hourly Chart by FXEmpire

If bitcoin price stays above $19,350, it could rise towards $19,750. The first major resistance is near the $20,000 level. The main resistance sits at $20,450, above which the price could start a steady increase.

Ethereum (ETH)

ETH also followed a similar pattern after it formed a base above the $1,050 level. There was a decent increase above the $1,085 resistance and the 21 simple moving average (H1).

There was a clear move above the $1,130 resistance level before the bears appeared near $1,170. Recently, ether price corrected lower and traded below the $1,130 level. The bulls are now protecting the $1,085 support zone.

Ether ETH Hourly Chart
ETH Hourly Chart by FXEmpire

If there are more downsides, it could find support near $1,070. On the upside, the price might struggle near $1,135. The next major resistance is near the $1,170 level, above which the price could rise towards the $1,250 level.

Polygon (MATIC)

MATIC found support near the $0.3200 level after a massive drop from well above the $1.10 and $1.00 support levels.

The price settled below the $0.50 level and the 21-day simple moving average. Recently, there was a recovery wave above the $0.420 and $0.450 resistance levels. It even broke the $0.50 resistance and the 21-day simple moving average.

MATIC Daily Chart
MATIC Daily Chart by FXEmpire

However, the price is facing a major hurdle near the $0.54 and $0.55 levels. There is also a key bearish trend line with resistance near $0.55 on the daily chart.

A close above the $0.54 and $0.55 levels may perhaps send MATIC price towards the $0.70 resistance zone or even $0.75. If not, there is a risk of a fresh decline below the $0.45 level.

ADA, BNB, and DOT price

Cardano (ADA) is struggling to gain pace above the $0.455 level. It is slowly moving lower towards the $0.432 support zone.

Binance Coin (BNB) struggled near the $235 level and is correcting gains. The main support on the downside is near $220.

Polkadot (DOT) failed to stay above the $7.0 pivot level. The price is now trading near $6.75, with a major support at $6.62.

A few trending altcoins are APE, BAT, and CRV. Out of these, CRV is gaining pace above the $0.88 resistance zone.