Price predictions 5/9: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX

4 hours ago

Key points:

Bitcoin holding $100,000 arsenic a level of enactment would corroborate the existent inclination change.
Ether leads among altcoins, and DeFi tokens could follow.

Bitcoin (BTC) broke supra the psychologically captious $100,000 level connected May 8, and the bulls are trying to clasp connected to the level connected May 9. In an X post, CoinGlass said that Bitcoin’s rally resulted successful $837.80 cardinal successful abbreviated liquidations successful a 24-hour period, the largest since 2021.

Bitcoin’s rally besides lifted respective large altcoins, which soared supra their respective overhead absorption levels. The altcoin rally was led by Ether (ETH), which surged astir 22% connected May 8, triggering a $328 cardinal liquidation of Ether abbreviated positions.

Although the short-term representation has turned positive, Bitcoin bulls are expected to look important absorption adjacent the all-time precocious of $109,588. During pullbacks, traders volition person to support the terms supra $100,000 to clasp the bullish momentum.

Could Bitcoin proceed its upward determination and pierce the all-time high? Are altcoins getting acceptable for a short-term rally? Let’s analyse the charts of the apical 10 cryptocurrencies to find out.

Bitcoin terms prediction

Bitcoin rallied much than 6% and closed supra the $100,000 obstruction connected May 8, indicating that buyers person asserted their supremacy.

The BTC/USDT brace could scope the $107,000 to $109,588 zone, wherever the bears are expected to equine a beardown defense. The overbought level connected the comparative spot scale (RSI) suggests a short-term pullback is possible.

If the terms turns down from the overhead absorption but finds enactment astatine the 20-day exponential moving mean ($94,879), it signals a affirmative sentiment. The bulls volition past marque 1 much effort to propulsion the terms supra the all-time high.

The archetypal motion of weakness volition beryllium a adjacent beneath the 20-day EMA. That suggests nett booking astatine higher levels. The brace whitethorn past tumble to the 50-day elemental moving mean ($88,139).

Ether terms prediction

Ether (ETH) skyrocketed supra the $2,111 absorption connected May 8 and extended its up determination to astir $2,550 connected May 9.

The agelong wick connected the candlestick shows coagulated selling adjacent $2,550. If the terms turns down from $2,550 but finds enactment astatine $2,111, it indicates that the bulls are trying to flip the level into support. The bulls volition past marque 1 much effort to thrust the ETH/USDT brace supra $2,550. If they succeed, the brace could ascent to $2,850.

Sellers volition person to propulsion the terms beneath the $2,111 level to weaken the bullish momentum. The brace whitethorn past descent to the 20-day EMA ($1,867).

XRP terms prediction

Buyers person pushed XRP (XRP) to the absorption line, which is simply a important near-term level to ticker retired for.

Sellers are expected to support the absorption enactment aggressively due to the fact that a interruption and adjacent supra it signals a imaginable inclination change. The XRP/USDT brace could emergence to $2.60 and subsequently to $3.

If the terms turns down from the absorption enactment but finds enactment astatine the moving averages, it suggests that the bulls are buying the dips. The bulls volition past again effort to propel the terms supra the absorption line. Sellers volition person to tug the terms beneath the $2 enactment to prehend control.

BNB terms prediction

BNB (BNB) made a decisive determination higher connected May 8 and roseate supra the contiguous overhead absorption astatine $620.

The BNB/USDT brace reached the $644 level connected May 9, which is expected to behave arsenic a beardown barrier. However, if buyers support up the unit and pierce the $644 resistance, the brace could soar to $680.

Time is moving retired for the bears. If they privation to halt the uptrend, they volition person to fiercely support the $644 level and propulsion the terms beneath the moving averages. The brace could past descend to $580.

Solana terms prediction

Solana (SOL) broke and closed supra the $153 absorption connected May 8, indicating that the bulls are successful charge.

The SOL/USDT brace could scope $180, which is expected to behave arsenic a formidable obstacle. If the terms turns down from $180 but rebounds disconnected $153, it suggests that buyers are trying to signifier a higher low. That enhances the prospects of a rally to $200.

This optimistic presumption volition beryllium invalidated successful the adjacent word if the terms turns down sharply and plummets beneath the $140 support. That suggests traders are booking profits astatine higher levels.

Dogecoin terms prediction

Buyers successfully defended the moving averages and pushed Dogecoin (DOGE) to the overhead absorption astatine $0.21.

Sellers volition effort to halt the up determination astatine $0.21, but if the bulls pierce the resistance, the DOGE/USDT brace could rally toward $0.25. If the terms turns down from $0.25 but finds enactment astatine $0.21, it signals that the bulls person flipped the level into support. That suggests the downtrend could beryllium over.

Contrarily, if the terms turns down sharply from $0.21 and breaks beneath the moving averages, it indicates that the brace whitethorn oscillate wrong the scope for immoderate much time.

Cardano terms prediction

Cardano (ADA) bounced disconnected the 50-day SMA ($0.67) and completed an inverse head-and-shoulders signifier connected May 8.

The 20-day EMA ($0.69) has started to crook up, and the RSI is successful the affirmative territory, signaling an vantage to buyers. If the terms remains supra the neckline, the ADA/USDT brace could surge toward the signifier people of $1.01. There is absorption astatine $0.83, but it is apt to beryllium crossed.

If bears privation to forestall the upside, they volition person to yank the terms beneath the 50-day SMA. That could descend the brace to $0.60 and yet to $0.50.

Sui terms prediction

Sui (SUI) rallied sharply from the 20-day EMA ($3.29) and climbed supra the $3.90 overhead absorption connected May 8.

The upsloping 20-day EMA and the RSI adjacent the overbought portion awesome that the bulls are successful command. If the terms maintains supra $3.90, the SUI/USDT brace could rally to $4.25 and yet to $5.

Alternatively, if the terms turns down and closes beneath $3.90, it suggests that the bears are trying to marque a comeback. The brace could past slump to the 20-day EMA, which is apt to enactment arsenic coagulated support.

Chainlink terms prediction

Chainlink (LINK) turned up sharply from the 50-day SMA ($13.72) connected May 8 and completed an inverse head-and-shoulders pattern.

Sellers are trying to propulsion the terms backmost beneath the neckline, but if the bulls successfully clasp the level, the LINK/USDT brace could interruption supra the absorption enactment and rally toward the signifier people of $21.30.

This optimistic presumption volition beryllium negated if the terms turns down sharply and breaks beneath the moving averages. That opens the doors for a autumn to $12, indicating that the brace whitethorn stay wrong the transmission for a portion longer.

Avalanche terms prediction

Avalanche (AVAX) bounced disconnected the moving averages connected May 8 and reached the overhead absorption of $23.50 connected May 9.

Sellers are expected to support the $23.50 level with each their mightiness due to the fact that a interruption and adjacent supra the absorption could wide the way for a imaginable emergence to $28.78 and, aft that, to $31.73.

On the contrary, if the terms turns down sharply from $23.50 and breaks beneath the moving averages, it suggests that the AVAX/USDT brace whitethorn widen its enactment wrong the scope for a fewer much days.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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