Price predictions 7/14: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE

4 hours ago

Key points:

Bitcoin is facing nett booking adjacent $123,000, pointing to a insignificant consolidation oregon correction successful the adjacent term.
Several large altcoins person breached supra their overhead absorption levels, indicating the commencement of a caller uptrend.

Bitcoin (BTC) started the caller week connected a beardown note, rising supra $123,000, but higher levels are witnessing immoderate nett booking. A affirmative motion is that the bulls are trying to support the terms supra $120,000.

Bitcoin exchange-traded funds saw their first-ever back-to-back inflows of much than $1 billion connected Thursday and Friday, according to Farside Investors data. That suggests investors expect the rally to continue.

Michael Saylor’s Strategy was not to beryllium near behind, and it resumed its BTC acquisition aft a one-week gap. The institution said successful a Monday US Securities and Exchange Commission filing that it had bought 4,225 BTC astatine an mean terms of $111,827. The latest acquisition boosted Strategy’s holdings to 601,550 BTC.

BTC’s dominance of the full crypto marketplace capitalization roseate supra 66% astatine the extremity of June but has since retreated beneath 65%. The tiny pullback has caused several altcoins to surge successful the abbreviated term.

Historically, an altseason starts aft BTC’s dominance reverses aft hitting 70%. Trader and expert Rekt Capital said successful a station connected X that 1 tin ideate the grade of the altcoin rally aft BTC’s dominance drops by treble digits.

Will BTC proceed to frustrate the bears oregon close successful the abbreviated term? Could altcoins physique upon their rally? 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) has been maintaining supra the breakout level of 6,147, indicating that the bulls are holding connected to their positions arsenic they expect further upside.

The 6,147 level is the captious enactment to ticker retired for connected the downside. A interruption and adjacent beneath 6,147 whitethorn trap the assertive bulls, pulling the terms to the 50-day elemental moving mean (5,977).

Contrarily, if the terms turns up from the existent level of 6,147, it indicates that the uptrend remains intact. The scale could surge toward 6,500, wherever the bears are expected to equine a beardown defense.

US Dollar Index terms prediction

The US Dollar Index (DXY) roseate supra the 20-day exponential moving mean (97.77) connected Friday, indicating that the selling unit is reducing.

The scale could widen the alleviation rally to the 50-day SMA (98.83), which is apt to enactment arsenic a stiff obstacle. If the terms turns down from the 50-day SMA but rebounds disconnected 97.92, it suggests the scale has formed a higher low. That enhances the prospects of a rally supra the 50-day SMA. If that happens, the up determination could scope 100.54 and past 102.

This optimistic presumption volition beryllium negated successful the adjacent word if the terms turns down sharply from the existent level oregon the 50-day SMA and plunges beneath 96.37. That could commencement the adjacent limb of the downtrend to 95.

Bitcoin terms prediction

Bitcoin rallied to a caller all-time precocious of $123,218 connected Monday, but the bulls could not prolong the higher levels arsenic seen from the agelong wick connected the candlestick.

The overbought level connected the comparative spot scale (RSI) suggests the BTC/USDT brace whitethorn participate a insignificant correction oregon consolidation successful the adjacent term.

The pullback is expected to find enactment astatine the 20-day EMA ($111,843). If that happens, it signals that the bullish momentum remains intact. Buyers volition past effort to propulsion the brace supra $123,218, starting the adjacent limb of the uptrend toward the people nonsubjective of $150,000.

The vantage volition tilt successful favour of the bears if the terms plunges beneath the 50-day SMA ($107,631).

Ether terms prediction

The agelong wick connected Ether’s (ETH) candlestick connected Monday shows that the bears are progressive astatine higher levels.

The archetypal enactment connected the downside is $2,879. If the terms rebounds disconnected $2,879, it signals that the bulls are trying to flip the level into support. The ETH/USDT brace whitethorn ascend to $3,153 and past to $3,400.

Instead, if the terms breaks beneath $2,879, it suggests profit-booking by short-term buyers. The brace whitethorn past descend to the 20-day EMA ($2,707). The bulls volition person to successfully support the 20-day EMA if they privation to support the bullish momentum.

XRP terms prediction

XRP (XRP) skyrocketed supra the $2.65 overhead absorption connected Friday, indicating that the buyers person overpowered the sellers.

The bears tried to propulsion the terms backmost beneath $2.65 connected Saturday, but the bulls held their ground. That suggests the bulls are trying to flip the $2.65 level into support. There is insignificant absorption astatine $3, but if the level is crossed, the XRP/USDT brace could soar to $3.20 and past to $3.40.

A enactment of caution is that the rally has pushed the RSI heavy into the overbought zone. That increases the hazard of a insignificant correction oregon consolidation successful the abbreviated term. However, the bulls stay successful complaint arsenic agelong arsenic the terms sustains supra $2.65.

BNB terms prediction

BNB (BNB) roseate supra the $698 absorption connected Monday, but the agelong wick connected the candlestick shows selling astatine higher levels.

The upsloping 20-day EMA ($669) and the RSI adjacent the overbought portion bespeak that buyers are successful command. If the terms sustains supra $698, the BNB/USDT brace could rally to $732 and past to $761.

The 20-day EMA is the captious enactment to ticker retired for connected the downside. If the enactment cracks, the brace could slump to the 50-day SMA ($658) and aboriginal to $640. That suggests the interruption supra $698 whitethorn person been a bull trap.

Solana terms prediction

Solana (SOL) completed a bullish inverse H&S signifier connected a adjacent supra $159 connected Thursday, and the bulls successfully defended the retest of the breakout level connected Saturday.

There is insignificant absorption astatine $168, but if the level is crossed, the SOL/USDT brace could scope $185. Sellers are expected to support the $185 level with each their mightiness due to the fact that if they neglect successful their endeavor, the brace could surge toward $210 and past to $220.

The 20-day EMA ($155) is the important enactment to ticker retired for connected the downside. Sellers volition person to propulsion and support the terms beneath the 20-day EMA to bespeak a comeback.

Dogecoin terms prediction

Dogecoin (DOGE) is facing absorption astatine $0.21, but a affirmative motion is that the bulls person not ceded crushed to the bears.

The upsloping 20-day EMA ($0.18) and the RSI adjacent the overbought portion bespeak the way of slightest absorption is to the upside. If buyers thrust the terms supra $0.21, the DOGE/USDT brace could ascent to $0.26. Sellers are expected to equine a vigorous defence astatine $0.26, but the brace could surge to $0.35 if the bulls prevail.

Sellers are apt to person different plans. They volition effort to support the overhead absorption and support the brace wrong the $0.26 to $0.14 scope for immoderate much time.

Cardano terms prediction

Sellers tried to halt Cardano’s (ADA) up determination astatine the downtrend line, but the buyers bulldozed their mode through.

The adjacent supra the downtrend enactment connected Sunday invalidates the bearish descending triangle pattern. The ADA/USDT brace could emergence to $0.86, which is apt to enactment arsenic a resistance. However, the upsloping 20-day EMA ($0.64) and the RSI successful the overbought portion bespeak that buyers person the edge. A adjacent supra $0.86 could propel the terms to $1.

This affirmative presumption volition beryllium invalidated successful the adjacent word if the terms turns down and breaks beneath the 20-day EMA. That suggests the interruption supra the downtrend enactment whitethorn person been a bull trap.

Hyperliquid terms prediction

Hyperliquid (HYPE) surged supra the $45.80 overhead absorption connected Friday, signaling the resumption of the uptrend.

The HYPE/USDT brace has reached the psychologically captious level of $50, wherever the sellers are expected to equine a beardown defense. If the terms turns down from $50, but rebounds disconnected $45.80, it suggests the bullish momentum remains intact. That increases the likelihood of a rally to $60.

The archetypal motion of weakness volition beryllium a interruption and adjacent beneath $45.80. The brace could past descend to the 20-day EMA ($41.98), which is apt to pull buyers.

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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