Price predictions 5/19: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI

3 weeks ago

Key points:

Bitcoin’s rejection astatine $107,000 shows sellers are progressive astatine higher levels, but the betterment from the intraday debased shows coagulated buying.
Strategy and Metaplanet proceed to accumulate Bitcoin, adding dependable buy-side unit to BTC price.
Select altcoins person pulled back, but they person not yet turned negative.

Bitcoin’s (BTC) effort to situation the all-time precocious faced a beardown rejection adjacent $107,100 connected May 19, signaling that the bears are improbable to springiness up without a fight. However, the agelong process connected the candlestick shows coagulated buying astatine little levels.

The short-term uncertainty has not deterred the semipermanent buyers from accumulating much Bitcoin. Strategy, formerly MicroStrategy, announced the purchase of 7,390 Bitcoin for an mean terms of astir $103,500, taking its full holding to 576,230 Bitcoin.

Similarly, Japanese concern steadfast Metaplanet said connected May 19 that it acquired 1,004 Bitcoin, boosting its full to 7,800 Bitcoin.

Dogecoin, Cryptocurrencies, Dollar, Bitcoin Price, XRP, Markets, Cryptocurrency Exchange, Cardano, Price Analysis, Binance Coin, Market Analysis, Ether Price, Solana, MicroStrategy, S&P 500, SUI

Although Bitcoin’s inclination remains bullish, repeated nonaccomplishment to interruption supra the overhead absorption whitethorn tempt short-term traders to publication profits. That increases the hazard of a interruption beneath the intelligence level of $100,000.

What are the important enactment and absorption levels to ticker retired for successful Bitcoin and altcoins? Let’s analyse the charts of the apical 10 cryptocurrencies to find out.

S&P 500 Index terms prediction

The S&P 500 Index (SPX) extended its up determination past week, indicating continued buying by the bulls.

The upsloping 20-day exponential moving mean (5,712) and the comparative spot scale (RSI) adjacent the overbought portion awesome an vantage to buyers, but the up determination is expected to look important absorption successful the 6,000 to 6,147 zone.

If the terms turns down from the overhead zone, the scale could find enactment astatine 5,800 and past astatine the 20-day EMA. If the terms rebounds disconnected the 20-day EMA, the bulls volition again effort to thrust the scale to the all-time high. Sellers volition person to tug the terms beneath the 20-day EMA to interruption the bullish momentum.

US Dollar Index terms prediction

The alleviation rally successful the US Dollar Index (DXY) deed a partition astatine the 50-day elemental moving mean (101.67) connected May 12, indicating that the bears are selling connected rallies.

The scale is apt to find enactment astatine the 100.27 level. If the terms rebounds disconnected 100.27, the bulls volition again effort to footwear the scale supra the 50-day SMA. If they negociate to bash that, the scale could prime up momentum and surge toward 103.54. Such a determination signals that the corrective signifier whitethorn beryllium over.

Sellers volition clasp the vantage if the terms closes beneath the 100.27 support. That opens the doors for a retest of the 99 level.

Bitcoin terms prediction

Bitcoin broke supra the overhead absorption astatine $105,820 connected May 18, but the bulls could not prolong the momentum.

Sellers are expected to fiercely support the portion betwixt $107,000 and $109,588. The 20-day EMA ($100,787) is the important enactment to ticker retired for connected the downside. A rebound disconnected the 20-day EMA suggests the affirmative sentiment remains intact. The bulls volition again effort to wide the overhead zone. If they succeed, the BTC/USDT brace could skyrocket toward $130,000.

This affirmative presumption volition beryllium invalidated successful the adjacent word if the terms continues to autumn and breaks beneath the psychologically important $100,000 support. The brace could past plummet to the 50-day SMA ($91,916).

Ether terms prediction

Ether’s (ETH) bounce disconnected the 20-day EMA ($2,288) connected May 18 fizzled retired adjacent $2,600, signaling that the bears person kept up the pressure.

Sellers tried to propulsion the terms beneath the 20-day EMA, but the agelong process connected the candlestick shows coagulated buying astatine little levels. The bulls volition effort to footwear the terms supra the $2,738 resistance, opening the gates for a rally to $3,000. There is insignificant absorption astatine $2,850, but it is apt to beryllium crossed.

Contrarily, a interruption and adjacent beneath the 20-day EMA tilts the vantage successful favour of the bears. The ETH/USDT brace could past slump to $2,111.

XRP terms prediction

XRP (XRP) remains stuck wrong the $2.65 to $2 range, indicating buying adjacent the enactment and selling adjacent to the resistance.

The XRP/USDT brace bounced disconnected the 20-day EMA ($2.34) connected May 17, but the bulls are facing selling astatine higher levels. If the terms sustains beneath the 20-day EMA, the brace could enactment wrong the scope for immoderate much time. The terms enactment wrong the scope is expected to beryllium random and volatile.

The adjacent trending determination is apt to statesman connected a interruption supra $2.65 oregon beneath $2. If buyers pierce the $2.65 resistance, the brace could question to $3.

BNB terms prediction

BNB (BNB) bounced disconnected the 20-day EMA ($635) connected May 18, but the higher levels attracted selling by the bears.

The gradually upsloping 20-day EMA and the RSI successful the affirmative territory bespeak a flimsy borderline to the bulls. If the terms rises and maintains supra $644, the bulls volition again effort to thrust the BNB/USDT brace supra $680. If they succeed, the brace whitethorn commencement its northward march toward the overhead absorption of $745.

Contrary to this assumption, a interruption and adjacent beneath the 20-day EMA clears the way for a diminution to the 50-day SMA ($606) and aboriginal to $580.

Solana terms prediction

Solana (SOL) turned up from the 20-day EMA ($163) connected May 17, but the bulls could not propulsion the terms supra the $180 resistance.

Sellers are trying to propulsion and clasp the terms beneath the 20-day EMA. If they negociate to bash that, the SOL/USDT brace could tumble to $153 and, aft that, to the 50-day SMA ($143). That points to a imaginable range-bound enactment betwixt $180 and $120 successful the adjacent term.

The bulls volition person to propel the terms supra the $185 level to regain control. The brace could past prime up momentum and rally to $210 and subsequently to $220.

Dogecoin terms prediction

Buyers successfully defended the breakout level of $0.21 connected May 17 but are struggling to prolong the bounce successful Dogecoin (DOGE).

Sellers volition effort to marque a comeback by pulling the terms beneath $0.21. If they bash that, the DOGE/USDT brace could descent to the 50-day SMA ($0.18). That signals a imaginable scope enactment betwixt $0.26 and $0.14.

Buyers volition person to thrust the terms supra the $0.26 absorption to awesome the resumption of the recovery. There is insignificant absorption astatine $0.30, but it is apt to beryllium crossed. The brace whitethorn past ascend to $0.35.

Cardano terms prediction

Cardano (ADA) has breached beneath the neckline of the inverted head-and-shoulders pattern, indicating that the bulls are losing their grip.

The adjacent enactment is astatine the 50-day SMA ($0.68). If the terms turns up from the 50-day SMA, the bulls volition effort to propulsion the ADA/USDT brace supra the neckline. If they tin propulsion it off, the brace could retest the $0.86 level. A interruption and adjacent supra the $0.86 absorption clears the way for a rally to $1.01.

Conversely, a interruption and adjacent beneath the 50-day SMA suggests the markets person rejected the breakout supra the neckline. That increases the hazard of a driblet to $0.58.

Sui terms prediction

Sui’s (SUI) bounce disconnected the 20-day EMA ($3.67) turned down from the $3.90 to $4.25 zone, indicating that the bears are progressive astatine higher levels.

The pullback could deepen if the terms breaks and sustains beneath the 20-day EMA. If that happens, the SUI/USDT brace could skid to $3.12 and past to the 50-day SMA ($2.97).

On the contrary, if the terms snaps backmost from the 20-day EMA and rises supra $3.90, it suggests a affirmative sentiment. That enhances the prospects of a interruption supra the $4.25 level. The brace could past surge to $5. Sellers are expected to fiercely support the portion betwixt $5 and the all-time precocious of $5.37.

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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