Price predictions 6/16: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE

6 hours ago

Key points:

Bitcoin made a decisive interruption supra $106,000, mounting the signifier for a imaginable retest of the all-time precocious astatine $111,980.
Most large altcoins stay successful a range, but HYPE has resumed its uptrend.

Bitcoin (BTC) started the week connected a bullish note, rising supra $107,500. Although the terms is trading conscionable beneath the all-time high, whales and retail investors are holding connected to their positions. CryptoQuant contributor Darkfost wrote successful a QuickTake blog station that Binance Bitcoin inflows from some groups person slipped to their lowest levels since the opening of the cycle. That suggests investors are either “waiting for clearer macroeconomic signals oregon simply maintaining precocious condemnation successful Bitcoin’s semipermanent trend.”

IG Markets expert Tony Sycamore told Cointelegraph that Bitcoin could retest the all-time precocious adjacent $112,000 and past rise to the $116,000 to $120,000 region arsenic agelong arsenic it holds supra the $95,000 support.

Not lone Bitcoin, but adjacent Ether (ETH) is attracting buyers. Ethereum wallets holding betwixt 1,000 and 10,000 ETH witnessed an accumulation of implicit 818,410 ETH (~$2.5 billion) connected Sunday, boosting their holdings to 16 cardinal ETH from 11.9 cardinal ETH astir a twelvemonth ago.

Could Bitcoin rally to a caller all-time precocious supra $111,980? Will altcoins enactment successful the up move? 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) turned down from 6,059 connected Wednesday, indicating that the bears are fiercely defending the 6,000 to 6,147 zone.

The scale has bounced disconnected the 20-day exponential moving mean (5,938), indicating that the sentiment remains affirmative and each dip is being viewed arsenic a buying opportunity. Buyers volition effort to propulsion the terms to 6,147.

A deeper pullback could statesman connected a interruption and adjacent beneath the 20-day EMA. The short-term traders whitethorn beryllium tempted to publication profits, pulling the terms down to 5,767 and past to the 50-day elemental moving mean (5,680).

US Dollar Index terms prediction

The US Dollar Index (DXY) is witnessing a pugnacious conflict betwixt the bulls and the bears adjacent the 97.92 level.

The bears pulled the terms beneath the 97.92 enactment connected Thursday, but the bulls reclaimed the level connected Friday. However, the buyers are struggling to prolong the terms supra 97.92, suggesting that the bears are selling connected each insignificant rally. That increases the likelihood of a driblet to 95.67.

Buyers volition person to thrust and support the terms supra the moving averages to weaken the bearish momentum. The scale could past surge to the overhead absorption astatine 102.

Bitcoin terms prediction

Bitcoin roseate supra the 20-day EMA ($106,202) connected Monday, indicating that the bulls are fiercely defending the 50-day SMA ($103,887).

The bulls volition effort to fortify their presumption by pushing the terms to $110,530 and past to the neckline of the inverse-head-and-shoulders pattern. A adjacent supra the neckline volition implicit the bullish setup, which has a signifier people of $146,892.

Sellers are apt to person different plans. They volition effort to support the overhead absorption and yank the terms beneath the 50-day SMA. If they tin propulsion it off, the BTC/USDT brace could retest the captious $100,000 support.

Ether terms prediction

Ether closed beneath the 20-day EMA ($2,580) connected Saturday, but the bears could not widen the pullback to the 50-day SMA ($2,412).

The bulls person pushed the terms supra the 20-day EMA, indicating buying connected dips. The ETH/USDT brace could emergence to $2,738 and past to $2,879. Sellers volition effort to support the overhead zone, but if the buyers bulldoze their mode through, the brace could rally toward $3,153.

Conversely, if the terms turns down sharply from the overhead resistance, the brace whitethorn stay wrong the $2,879 to $2,323 scope for a while. The short-term inclination turns antagonistic connected a adjacent beneath $2,323.

XRP terms prediction

XRP (XRP) has been oscillating betwixt $2 and $2.65 for respective days, indicating buying adjacent the enactment and selling adjacent to the resistance.

The terms enactment wrong the scope is apt to beryllium random and volatile. If buyers prolong the terms supra the moving averages, the XRP/USDT brace could rally to the overhead absorption astatine $2.65. Sellers volition effort to airs a coagulated situation astatine $2.65 due to the fact that a interruption supra it could motorboat the brace to $3.

The inclination volition crook bearish connected a interruption and adjacent beneath the $2 support. The brace could past retest the captious level astatine $1.61.

BNB terms prediction

Buyers are trying to propulsion BNB (BNB) supra the 20-day EMA ($656), which could widen the enactment wrong the $634 to $693 scope for immoderate much time.

The flattening 20-day EMA and the RSI adjacent the midpoint bash not springiness a wide vantage either to the bulls oregon the bears. If the terms sustains supra the 20-day EMA, the BNB/USDT brace could rally to $693. Sellers volition effort to halt the up determination astatine $693, but if the bulls prevail, the brace could ascend to $732.

The bears volition person to propulsion the terms beneath the $634 enactment to prehend control. The brace could past nosedive to $580.

Solana terms prediction

Solana (SOL) bounced disconnected the $140 enactment connected Saturday and reached the moving averages connected Monday, indicating coagulated buying astatine little levels.

Both moving averages are flattening out, and the RSI is adjacent the midpoint, suggesting that the SOL/USDT brace whitethorn plaything betwixt $140 and $185 for a fewer days.

The adjacent trending determination is apt to statesman connected a interruption supra $185 oregon beneath $140. If the terms turns down sharply from the moving averages and breaks beneath $140, the brace could plunge to $110. On the contrary, a interruption supra $185 could catapult the brace to $210 and, aft that, to $220.

Related: Why is XRP terms up today?

Dogecoin terms prediction

Dogecoin (DOGE) remains supra the $0.16 level, but the nonaccomplishment to commencement a beardown rebound signals a deficiency of assertive buying by the bulls.

The downsloping 20-day EMA ($0.19) and the RSI successful the antagonistic territory summation the hazard of a interruption beneath $0.16. If that happens, the DOGE/USDT brace could descend to the $0.14 support. The bulls volition effort to vigorously support the $0.14 level due to the fact that a interruption beneath it opens the doors for a autumn to $0.10.

Buyers person an uphill task up of them. They volition person to pierce the $0.21 absorption to wide the way for a rally to the $0.26 level. A caller up determination could statesman connected a interruption supra $0.26.

Cardano terms prediction

Buyers are trying to support the $0.60 level successful Cardano (ADA), but the rebound lacks strength. That increases the hazard of a interruption beneath $0.60.

The downsloping 20-day EMA ($0.67) and the RSI successful the antagonistic territory suggest the bears person the edge. If the terms turns down from the moving averages and breaks beneath $0.60, the ADA/USDT brace could plummet to $0.50.

Buyers volition person to thrust the terms supra the moving averages to forestall the downside. The brace could past emergence to the downtrend line, wherever the sellers are expected to equine a beardown defense.

Hyperliquid terms prediction

Hyperliquid (HYPE) resumed its uptrend aft buyers kicked the terms supra the $44 absorption connected Monday.

If the bulls support the terms supra $44, the HYPE/USDT brace could soar toward the adjacent people nonsubjective of $50. Such a determination invalidates the processing antagonistic divergence connected the RSI, signaling that the bulls person reasserted their supremacy.

The 20-day EMA ($37.71) is the captious enactment to ticker retired for connected the downside. A interruption beneath the 20-day EMA could tempt short-term buyers to publication profits, pulling the brace to the 50-day SMA ($30.37).

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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