Traders watch XRP, ETH, SOL and HYPE now that Bitcoin trades below $100K
Key points:
Bitcoin fell below the $100,000 support on Sunday, but a rebound could depend on how US stock futures open.
Bitcoin’s weakness has pulled ETH, XRP, SOL, and HYPE below their respective support levels.
Bitcoin ( BTC ) nosedived below the psychological $100,000 support on Sunday as traders digested the US strike on Iran’s nuclear facilities. Popular trader Cas Abbe said in a post on X that Bitcoin could drop toward the $93,000 to $94,000 zone before starting a reversal.
Bitcoin’s weakness has spread to several major altcoins, which have entered a deeper correction by breaking below their respective support levels . This suggests the sentiment has soured, and traders are taking risk off the table.
However, a positive sign is that analysts remain bullish on Bitcoin for the long term. Real Vision CEO Raoul Pal said in a recent video that the current crypto cycle resembles the pattern seen in 2017. He expects the crypto cycle to extend into Q2 2026 .
Could Bitcoin bulls push the price back above $100,000, or will bears remain in control? Will select altcoins find buyers at lower levels? Let’s study the charts to find out.
Bitcoin price prediction
Bitcoin broke below the 50-day simple moving average ($104,788) on Friday and the $100,000 support on Sunday.
The moving averages are on the verge of a bearish crossover, and the relative strength index (RSI) is in the negative territory, indicating that bears are in control. If the price maintains below $100,000, the selling could intensify, pulling the BTC/USDT pair to $93,000.
Buyers will have to push the price above the 20-day exponential moving average ($104,616) to prevent the downside in the near term. The pair could then rise to the downtrend line, which is likely to pose a substantial challenge for the bulls.
The pair completed a bearish descending triangle pattern on a close below the $100,700 level. The pattern target of the negative setup is $89,420, but the bulls are unlikely to give up easily.
Buyers will try to start a relief rally, which could face selling at $100,700 and then at the 20-EMA. If the price turns down from the overhead resistance, the pair may deepen the correction.
The bulls will have to drive and maintain the price above the 50-SMA to start a meaningful recovery.
Ether price prediction
Ether ( ETH ) turned down from the 20-day EMA ($2,487) and fell below the 50-day SMA ($2,481) on Friday.
Selling continued on Saturday, and the ETH/USDT pair broke below the $2,323 support. Buyers tried to push the price back above the breakdown level of $2,323, but renewed selling by the bears has pulled the pair near the $2,111 support. The bulls will try to defend the $2,111 level with all their might because a break below it may sink the pair to $1,754.
If the price rebounds off $2,111, the bulls will have to push the pair back above the 20-day EMA to suggest that the near-term correction may have ended.
The pair could find support at the $2,111 level, but the rebound is expected to face strong selling at the breakdown level of $2,323. If the price turns down sharply from $2,323, the bears will again try to sink the pair below $2,111.
Conversely, if the bulls successfully defend the $2,111 level, the pair could form a range in the near term. The pair may swing between $2,111 and $2,323 for some time. The selling pressure could weaken on a close above the 50-SMA.
XRP price prediction
XRP’s ( XRP ) range between $2 and $2.65 resolved to the downside on Sunday, indicating increased selling pressure from the bears.
If the price sustains below $2, the XRP/USDT pair could tumble to the $1.61 support. Buyers are expected to vigorously defend the $1.61 level because a break below it may start a collapse to $1.28.
The bulls will have to swiftly push the price back above the breakdown level of $2 to prevent a breakdown. The pair could then rise to the moving averages, where the bears are likely to pose a strong challenge.
The bulls tried to start a bounce off the $2 support, but the bears aggressively sold near the 20-EMA on the 4-hour chart. The price turned down and broke below the $2 support, pulling the RSI into the oversold territory. That suggests a relief rally is possible in the short term.
On the upside, the bears may sell the recovery attempt at $2 and above that at the 20-EMA. If the price turns down sharply from the overhead resistance, the pair risks a further downside. A close above the 50-SMA will be the first sign that the selling pressure is reducing.
Related: Here’s what happened in crypto today
Solana price prediction
Solana ( SOL ) completed a bearish H&S pattern when the price closed below the $140 support on Saturday.
The bulls will try to start a recovery but may face selling at the 20-day EMA ($148). If the price turns down from the 20-day EMA, the SOL/USDT pair could plunge to the $110 support and eventually to the pattern target of $93.
Conversely, a break and close above the 20-day EMA suggests solid demand at lower levels. The pair could rise to the 50-day SMA ($160), which is likely to behave as a strong obstacle.
The downsloping moving averages signal that bears are in command, but the oversold level on the RSI points to a possible relief rally in the near term. Recovery attempts could face selling at the breakdown level of $140. If the price turns down from $140, the bears will try to resume the downward move.
Buyers will have to push and maintain the price above the 50-SMA to signal a comeback. That opens the doors for a relief rally to $149 and thereafter to $158.
Hyperliquid price prediction
Repeated failures to maintain the price above $42.50 started a sharp correction in Hyperliquid (HYPE), signaling that the bulls are hurrying to book profits.
The bulls held the 50-day SMA ($32.26) on Saturday, but the bounce has been sold into. That increases the possibility of a break below the 50-day SMA. The HYPE/USDT pair could descend to the breakout level of $28.50.
Buyers are likely to have other plans. They will try to defend the 50-day SMA and push the price back above the 20-day EMA. If they manage to do that, the pair could climb to $40.
Both moving averages are sloping down, and the RSI is in the negative zone on the 4-hour chart. Pullbacks to the 20-EMA are likely to be sold into. There is minor support at $30.50, but it could be broken. The pair may then plummet to the solid support at $28.50.
The first sign of strength will be a break and close above the 20-EMA. That suggests the bears are losing their grip. The pair may ascend to the 50-SMA, which could again attract sellers.
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.
You may also like
Long-Awaited Good News for Bitcoin Comes from Texas
Tether Mints 2 Billion USDT On Tron For Future Utility As Bitcoin Climbs Above $100K
Bitcoin Rebounds as Markets Price in 'Short-Lived' Iran Conflict
Crypto Market Sees $875M Liquidated in 24 Hours
Crypto market wiped out $875 million in liquidations in the past 24 hours—major losses amid sharp BTC/ETH drops. What it means for traders.Massive Liquidation Wave Sweeps the Crypto MarketBitcoin & Ethereum Hit HardestWhat This Means for Crypto Traders
Trending news
MoreCrypto prices
More
