Bitcoin is testing support near $103,000 amid rising global market uncertainty that may limit further rallies. Certain altcoins are attracting buyers at lower prices, reflecting dip-buying interest.
Bitcoin (BTC)
BTC dipped below $103,000 following news of Israeli airstrikes on Iran but rebounded near $106,000, showing buying interest. Analysts suggest a stable bottom is likely, though significant gains may await the next Federal Reserve meeting. Bitcoin typically recovers past adverse events within 50 days, though some caution a possible trend reversal or consolidation after recent price patterns.
Bitcoin currently hovers around the 50-day simple moving average ($103,159) with the 20-day exponential moving average ($106,097) flattening and RSI near midpoint, indicating potential consolidation. Key levels to watch are $100,000 support and the all-time high near $111,980. Falling below $100,000 could lead to a drop toward $92,000, while a close above $111,980 could push the price toward $130,000.
Ether (ETH)
Ether retreated from $2,879 and dropped below its 20-day EMA ($2,580), signaling rejection of the recent breakout attempt. The EMA is flattening and RSI steady, suggesting balanced supply and demand. Resistance lies between $2,738 and $2,879; a sustained move above $2,879 may advance ETH toward $3,153. Conversely, sliding below $2,323 could pull it down to $2,111.
XRP
XRP broke above moving averages but failed to maintain momentum, falling near strong support at $2. This level is critical; a break below could trigger a downtrend toward $1.61 and $1.28. If XRP rebounds and surpasses the averages, it may continue trading sideways.
BNB
BNB consolidates between $693 and $634, with indicators neutral. A move above the 20-day EMA ($658) could prolong the range trading, while dropping below $634 could slide prices to $600, where buyers are expected to step in.
Solana (SOL)
SOL rose briefly above moving averages but fell back below key support at $140. Defending this level is imperative for bulls; failure could lead to declines toward $123 and $110.
Dogecoin (DOGE)
DOGE turned down from $0.21 and faces support at $0.16, which may break. A fall to $0.14 could follow, with buyers likely to defend there. DOGE remains range-bound between $0.14 and $0.26. A break below $0.14 might lead to $0.10, while breaking above $0.26 could rally toward $0.38.
Cardano (ADA)
ADA declined from the 50-day SMA ($0.72) amid a bearish trend indicated by a falling 20-day EMA ($0.69) and weak RSI. Losing support at $0.60 could trigger further drops to $0.50, a strong defense level. A break above the 50-day SMA could signal a trend reversal.
Hyperliquid (HYPE)
HYPE climbed above $42.25 resistance twice but failed to sustain gains, causing profit-taking. Despite an upward 20-day EMA ($35.93), weakening RSI hints at faltering momentum. Breaking above $44 may resume the upward trend to $50, while falling below the EMA could plunge the price to $30.50.
Sui (SUI)
SUI retreated from the 50-day SMA ($3.55) and now tests support at $2.86. Holding this level is crucial, or else the price could drop to $2.50. Bouncing off $2.86 may lead to attempts to surpass moving averages, opening a path toward $4.25 resistance.
Chainlink (LINK)
LINK reverted into a descending channel after failing to break higher on Thursday. Bears aim to push the price below $12.64, which could trigger a fall to $10 and extend the current range. To avoid decline, buyers need to lift LINK above $16, potentially reaching $18 and $20, suggesting a trend shift.
Disclaimer: This analysis is not investment advice. Trading carries risk, and individuals should conduct their own research before making decisions.