Price predictions 6/13: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, SUI, LINK
Key points:
Bitcoin searches for support near $103,000, but rising uncertainty in global markets could cap future rallies.
Select altcoins are finding buyers at lower levels, indicating traders’ desire to buy the dip.
Bitcoin ( BTC ) corrected below $103,000 on news of Israel’s airstrikes on Iran , but a positive sign is that lower levels witnessed buying, pushing the price near $106,000.
Trading resource Material Indicators said in a post on X that Bitcoin’s bottom is unlikely to drop out , but sustainable upside price discovery may not happen before the next Fed meeting.
Another positive view came from a study by ETC Group head of research Andre Dragosch. It showed that Bitcoin recovers and often surpasses the pre-event price levels within 50 days.
However, Bollinger Bands creator John Bollinger has a different view. In a post on X, Bollinger said that Bitcoin has completed three pushes to a high after forming the “W-shaped” double bottom near $75,000. During a discussion on the post, Bollinger added that three pushes to a high “means the end of the prior trend,” which could be followed by a “reversal or a consolidation.”
Could Bitcoin and select altcoins resume their uptrends? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price prediction
Bitcoin fell to the 50-day simple moving average ($103,159) on Friday where the bulls are trying to arrest the decline.
The 20-day exponential moving average ($106,097) is flattening out, and the relative strength index (RSI) is near the midpoint, signaling a possible consolidation in the near term. The crucial levels to watch out for are $100,000 on the downside and the all-time high of $111,980 on the upside.
If the $100,000 level gives way, the BTC/USDT pair could tumble to $92,000. Conversely, a break and close above $111,980 signals the resumption of the uptrend. The pair could then soar to $130,000.
Ether price prediction
Ether ( ETH ) turned down from $2,879 on Wednesday and nosedived below the 20-day EMA ($2,580) on Friday, suggesting 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 attempt to halt the relief rally in the $2,738 to $2,879 zone. If the price turns down from the overhead zone, the ETH/USDT pair may consolidate for some more time.
Buyers will have to catapult the price above $2,879 to start the next leg of the up move toward $3,153. On the downside, a break below $2,323 could sink the pair to $2,111.
XRP price prediction
XRP ( XRP ) broke above the moving averages on Monday, but the bulls could not build upon the momentum.
The price turned down on Wednesday and has reached near the solid support at $2. Buyers are expected to vigorously defend the $2 level as a break and close below it could signal the start of a new downtrend. The XRP/USDT pair could descend to $1.61 and, after that, to $1.28.
Contrary to this assumption, if the price turns up sharply from $2 and breaks above the moving averages, it suggests the range-bound action may continue for a while longer.
BNB price prediction
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 do not give a clear advantage either to the bulls or the 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.
Contrarily, a break and close below $634 suggests that the bears have overpowered the bulls. That could intensify selling, pulling the pair to $600. Buyers are expected to aggressively defend the $580 to $600 support zone.
Solana price prediction
Solana ( SOL ) rose above the moving averages on Monday, but the bulls could not 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.
If the price rebounds off the $140 support, the bulls will again try to shove the price above the moving averages. On the contrary, a break and close below $140 could sink the pair to $123 and eventually to $110.
Dogecoin price prediction
Dogecoin ( DOGE ) turned down from the $0.21 level on Wednesday, indicating that the price remains stuck inside the lower half of the $0.26 to $0.14 range.
There is support at $0.16, but it is likely to be broken. The DOGE/USDT pair could then plummet to the $0.14 support, where the buyers are expected to step in. A solid bounce off the $0.14 level could extend the range-bound action for a while longer.
The next trending move is likely to begin on a break above $0.26 or below $0.14. If the $0.14 level cracks, the pair could collapse to $0.10. On the other hand, a break above $0.26 could drive the pair to $0.38.
Cardano price prediction
Cardano ( ADA ) turned down from the 50-day SMA ($0.72) on Wednesday, indicating that the bears continue to sell on rallies.
The down-sloping 20-day EMA ($0.69) and the RSI in the negative territory signal the 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. Buyers are expected to defend the $0.50 level with all their might.
The first sign of strength will be a break and close above the 50-day SMA. That opens the doors for a rise to the downtrend line, which is a significant level to watch out for. A break and close above the downtrend line suggests a potential trend change.
Related: Here’s what happened in crypto today
Hyperliquid price prediction
Buyers pushed Hyperliquid (HYPE) above the $42.25 resistance on Wednesday and again on Thursday, but could not 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. The upsloping 20-day EMA ($35.93) signals an advantage to buyers, but the developing negative divergence on the RSI suggests the bullish momentum is weakening. Buyers will have to propel the price above $44 to resume the uptrend toward $50.
On the downside, a break and close below the 20-day EMA could accelerate selling, pulling the pair to $30.50.
Sui price prediction
Sui ( SUI ) turned down from the 50-day SMA ($3.55) on Wednesday, indicating that 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. If they can pull it off, the pair could tumble to $2.50.
Buyers are likely to have other plans. They will try to defend the $2.86 level. If the price bounces off the $2.86 support, the pair could reach the moving averages. If the price turns down sharply from the moving averages, it increases the risk of a break below $2.86. Buyers will have to drive the pair above the moving averages to clear the path for a rally toward the $4.25 resistance.
Chainlink price prediction
Chainlink ( LINK ) turned down and re-entered the descending channel pattern on Thursday, indicating that 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. Such a move extends the pair’s stay inside the channel for a few more days.
Buyers will have to swiftly push the price above the $16 level to prevent the downside move. That indicates aggressive buying at lower levels. The pair could rise to $18 and then to $20, signaling a potential trend change.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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