Price predictions 5/16: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX

4 weeks ago

Key points:

A Bitcoin terms adjacent supra $105,000 could accelerate momentum and trigger a rally to $130,000.
Ether continues to summation strength, which is being mirrored by galore altcoins.

Bitcoin (BTC) has been consolidating betwixt $100,718 and $105,819 for the past fewer days, indicating a equilibrium betwixt proviso and demand. A affirmative motion is that the terms has held supra the psychologically important $100,000 level, signaling that the bulls are hanging connected to their positions arsenic they expect different limb higher.

Market quality steadfast Santiment highlighted successful a station connected X that the nonaccomplishment to emergence supra $105,000 has caused impatience among retail traders, which “historically is simply a bullish motion for prices.”

However, repeated nonaccomplishment to propulsion the terms to the all-time precocious of $109,588 could tempt short-term buyers to publication profits. That puts the $100,000 enactment astatine hazard of a breakdown. If that happens, Bitcoin could beryllium successful for a deeper pullback.

Could buyers thrust the terms to a caller all-time high, pulling prime altcoins higher? Let’s analyse the charts of the apical 10 cryptocurrencies to find out.

Bitcoin terms prediction

Bitcoin bulls are struggling to propel the terms supra the $105,000 overhead resistance, but a affirmative motion is that the $100,000 enactment has held.

The upsloping 20-day exponential moving mean ($99,416) and the comparative spot scale (RSI) successful the overbought portion awesome that bulls stay successful control. If the terms closes supra $105,000, the BTC/USDT brace is apt to interruption supra the $109,588 resistance. If that happens, the brace could surge to $130,000.

Time is moving retired for the bears. If they privation to marque a comeback, they volition person to swiftly yank the terms beneath the 20-day EMA. If they bash that, the brace could plunge to the 50-day elemental moving mean ($90,628).

Ether terms prediction

Ether’s (ETH) pullback is uncovering enactment astatine the breakout level of $2,550, signaling that each insignificant dip is being purchased.

If the terms turns up from the existent level and breaks supra $2,750, the ETH/USDT brace could resume its up move. There is absorption astatine $2,860, but it is apt to beryllium crossed. The brace could past ascent to $3,000.

The $2,400 level is the important enactment to ticker retired for connected the downside. A interruption beneath it could descend the brace to the 20-day EMA ($2,225). If the terms rebounds disconnected the 20-day EMA, the bulls volition again effort to resume the up move.

XRP terms prediction

XRP (XRP) has reached the absorption enactment aft turning down from the overhead absorption of $2.65 connected May 14.

If the terms dips beneath the absorption line, it suggests that the bullish momentum has weakened. That increases the likelihood of a range-bound enactment betwixt $2.65 and $2 for a fewer days.

Conversely, a coagulated bounce disconnected the absorption enactment signals that the bulls are attempting to flip the level into support. Sellers whitethorn airs a coagulated situation astatine $2.65, but if the bulls prevail, the XRP/USDT brace could scope $3.

BNB terms prediction

Buyers person successfully defended the $644 level successful BNB (BNB), but the nonaccomplishment to commencement a beardown rebound suggests that the bears person kept up the pressure.

The portion betwixt $644 and the 20-day EMA ($631) is expected to pull buyers. If the terms turns up from the enactment zone, the bulls volition strive to footwear the terms to the overhead absorption astatine $693.

On the contrary, a interruption and adjacent beneath the 20-day EMA signals that the higher levels are attracting coagulated selling by the bears. The BNB/USDT brace could past plummet to the 50-day SMA ($604).

Solana terms prediction

Solana (SOL) is facing stiff absorption astatine $180, but a affirmative motion is that the bulls person not ceded overmuch crushed to the bears.

The upsloping 20-day EMA ($161) and the RSI successful the affirmative portion bespeak the way of slightest absorption is to the upside. If buyers propel the terms supra $185, the SOL/USDT brace could resume its uptrend and question to $210.

The 20-day EMA is the captious enactment to ticker retired for connected the downside. A interruption and adjacent beneath the 20-day EMA suggests that the bulls are rushing to the exit. The brace could past diminution to the 50-day SMA ($140).

Dogecoin terms prediction

Dogecoin (DOGE) is attempting to bounce disconnected the breakout level of $0.21, signaling request astatine little levels.

The upsloping 20-day EMA ($0.20) and the RSI successful the affirmative territory suggest that buyers are successful command. A interruption and adjacent supra $0.26 indicates the resumption of the up move. The DOGE/USDT brace could past rally to $0.31.

Sellers volition person to tug the terms beneath the 20-day EMA to invalidate the bullish view. The brace could past tumble to the 50-day SMA ($0.17), suggesting a imaginable scope enactment successful the adjacent term.

Cardano terms prediction

Cardano (ADA) turned down from $0.86 connected May 12 and dropped to the neckline of the inverted head-and-shoulders pattern.

A beardown rebound disconnected the neckline suggests a affirmative sentiment wherever the bulls are buying connected dips. The bulls volition past effort to shove the terms supra the $0.86 resistance. If they bash that, the ADA/USDT brace could surge to $1.01.

Contrarily, a interruption and adjacent beneath the neckline suggests that the bears person overpowered the bulls. The brace could descend to the 50-day SMA ($0.68) and aboriginal to the coagulated enactment astatine $0.60.

Sui terms prediction

Sui (SUI) pulled backmost to the 20-day EMA ($3.62) connected May 15, but the agelong process connected the candlestick shows coagulated buying astatine little levels.

Both moving averages are sloping up, and the RSI is successful the affirmative territory, indicating that bulls person the precocious hand. The buyers volition effort to resume the up determination by pushing the terms supra the $4.25 resistance. If they tin propulsion it off, the SUI/USDT brace could soar to $5. Sellers are expected to airs a beardown situation successful the $5 to $5.37 zone.

Contrary to this assumption, if the terms turns down and breaks beneath the 20-day EMA, it suggests that the bulls are booking profits. That whitethorn propulsion the brace down to $3.12.

Chainlink terms prediction

Chainlink (LINK) has turned down from the absorption enactment of the descending transmission pattern, implying that the bears are selling connected rallies.

A insignificant affirmative is that the bulls person successfully defended the 20-day EMA ($15.56). Buyers volition again effort to thrust the terms supra the absorption line. If they succeed, the LINK/USDT brace could rally to $19.80 and past to $21.30.

This affirmative presumption volition beryllium invalidated successful the adjacent word if the terms plummets beneath the neckline. The brace whitethorn past driblet to the 50-day SMA ($14), which is simply a important enactment to ticker retired for. A interruption and adjacent beneath the 50-day SMA suggests the brace whitethorn stay wrong the transmission for immoderate much time.

Avalanche terms prediction

Avalanche (AVAX) took enactment astatine the 20-day EMA ($22.78) connected May 15, indicating buying connected dips.

The 20-day EMA continues to slope up, and the RSI is successful the affirmative territory, signaling an vantage to buyers. The bulls volition person to thrust the AVAX/USDT brace supra $26.84 to unfastened the doors for a rally to $31.73 and subsequently to $36.

Sellers are apt to person different plans. They volition effort to propulsion the terms beneath the 20-day EMA. If they negociate to bash that, it shows that the markets person rejected the breakout. The brace whitethorn slump to the 50-day SMA ($20.57).

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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