Price predictions 9/8: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE

1 day ago

Key points:

Bitcoin could rally to $115,000 and past to $120,000, but the upside looks capped successful the adjacent word if the whales proceed to sell.
Select altcoins look beardown and acceptable to interruption supra their overhead absorption levels.

Bitcoin (BTC) started the caller week connected a affirmative enactment with buyers attempting to prolong the terms supra $112,500, but the bears are improbable to springiness up easily.

Market participants volition person to support a adjacent ticker connected the whale enactment successful the adjacent fewer days. According to CryptoQuant data, whales person sold 114,920 BTC implicit the past month, the largest whale sell-off since July 2022. Analysts judge continued selling by the whales could headdress BTC’s up determination for the adjacent fewer weeks.

On the downside, traders are intimately watching the $100,000 level. Popular trader ZYN said successful a station connected X that BTC had bottomed astatine the 0.382 Fibonacci retracement level successful Q3 2024 and Q2 2025 and that whitethorn hap again. ZYN expects the worst-case script to beryllium a 10% driblet adjacent $100,000, “before a 50% rally supra $150,000.”

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

Another antagonistic for BTC successful the adjacent word is that request from BTC treasury companies continues to fall. Michael Saylor’s Strategy, the world’s largest holder of Bitcoin, acquired astir 7,714 BTC successful August, importantly little than the 31,466 BTC purchased successful July.

Other treasury companies bought 14,800 BTC successful August, a considerably smaller quantity than their record-high acquisition of 66,000 BTC successful June.

Could BTC flooded its overhead resistance? Will prime altcoins commencement a caller 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) made a caller intraday all-time precocious connected Friday, but the higher levels attracted nett booking.

The antagonistic divergence connected the comparative spot scale (RSI) suggests that the bullish momentum whitethorn beryllium weakening. If sellers propulsion the terms beneath the 50-day elemental moving mean (6,356), the scale could commencement a deeper correction to the breakout level of 6,147.

On the different hand, if the terms turns up from the moving averages, it suggests that the bullish sentiment remains intact. The buyers volition past effort to commencement the adjacent limb of the uptrend to 6,700.

US Dollar Index terms prediction

Buyers failed to support the US Dollar Index (DXY) supra the moving averages, indicating selling connected rallies.

The bears volition effort to fortify their presumption by pulling the terms to 97.10 and past to the captious enactment astatine 96.37. Buyers are expected to fiercely support the 96.37 enactment due to the fact that a descent beneath it whitethorn descend the scale to the 95 level.

Buyers volition person to thrust the terms supra the 99 level to forestall the downside. If they negociate to bash that, the scale could rally to 100.50 and yet to the stiff overhead absorption astatine 102.

Bitcoin terms prediction

BTC broke supra the 20-day exponential moving mean ($111,902) connected Monday, indicating that the bulls are signaling a comeback.

The BTC/USDT brace could rally to the 50-day SMA ($114,920), wherever the bears are expected to measurement in. However, if buyers thrust the Bitcoin terms supra the 50-day SMA, the brace whitethorn signifier a range. The terms could plaything betwixt $107,000 and $124,474 for a portion longer.

Alternatively, if the terms turns down sharply from the existent level oregon the 50-day SMA, it shows that the bears are trying to instrumentality charge. That increases the hazard of a interruption beneath the $107,000 support. If that happens, the brace whitethorn illness to $100,000.

Ether terms prediction

ETH (ETH) has been trading adjacent the 20-day EMA ($4,351) for the past fewer days, indicating uncertainty betwixt the buyers and sellers.

The $4,060 level is the important enactment connected the downside. A interruption and adjacent beneath $4,060 could pull profit-booking from the short-term bulls. That whitethorn descend the ETH/USDT brace to $3,745 and aboriginal to $3,350.

On the upside, a interruption and adjacent supra $4,500 indicates that the bulls are backmost successful the driver’s seat. The Ether terms whitethorn past retest the overhead absorption of $4,956. A adjacent supra $4,956 opens the doors for a rally to $5,500.

XRP terms prediction

XRP (XRP) climbed supra the 20-day EMA ($2.90) connected Monday, and the terms is nearing the downtrend line.

Sellers are expected to support the downtrend enactment vigorously due to the fact that a interruption supra it invalidates the bearish descending triangle pattern. That could trap the assertive bears, pushing the XRP terms to $3.40.

Contrarily, if the terms turns down sharply from the downtrend line, it suggests that the XRP/USDT brace whitethorn stay wrong the triangle for a portion longer. The selling could intensify connected a interruption beneath $2.73.

BNB terms prediction

BNB (BNB) turned up from the $840 enactment connected Friday and roseate supra the $861 absorption connected Sunday.

The up determination whitethorn scope $900, wherever the bears are expected to equine a beardown defense. If the terms turns down from $900, but rebounds disconnected the 20-day EMA ($855), it signals a affirmative sentiment. That improves the prospects of a interruption supra $900. The BNB/USDT brace whitethorn past rally to $1,000.

Conversely, if the terms turns down from the existent level oregon the overhead absorption and breaks beneath $840, it suggests that the bulls are rushing to the exit. The BNB terms whitethorn slump to the 50-day SMA ($824) and, aft that, to $794.

Solana terms prediction

Solana (SOL) bounced disconnected the 20-day EMA ($201) connected Sunday, indicating that the bulls proceed to bargain connected dips.

The bulls are trying to thrust the terms supra the $218 overhead resistance. If they negociate to bash that, the SOL/USDT brace volition implicit a bullish ascending triangle pattern. That clears the way for a rally to $240 and past to $260.

Sellers volition person to successfully support the $218 level and rapidly tug Solana’s terms beneath the 50-day SMA ($189) to forestall the upside move. The brace whitethorn past descend to $175.

Dogecoin terms prediction

Dogecoin (DOGE) roseate supra the moving averages connected Sunday, signaling that the terms whitethorn stay wrong the $0.21 to $0.26 scope for a fewer much days.

The 20-day EMA ($0.22) has started to crook up, and the RSI has risen into the affirmative territory, indicating a flimsy vantage to the bulls. Sellers volition effort to support the $0.26 level, but the DOGE/USDT brace could scope $0.29 if the bulls prevail. A adjacent supra $0.29 suggests the commencement of a caller up determination toward $0.44.

The $0.21 level is the captious enactment to ticker retired for connected the downside. A interruption beneath it could descend the Dogecoin terms to $0.19 and past to $0.16.

Cardano terms prediction

Cardano (ADA) roseate supra the moving averages connected Monday and is nearing the downtrend enactment of the descending transmission pattern.

Sellers volition strive to support the downtrend line, but if buyers pierce the resistance, the corrective signifier whitethorn beryllium over. The ADA/USDT brace could prime up momentum and rally to $0.96 and subsequently to $1.02.

Instead, if Cardano’s terms turns down from the downtrend line, it signals that the brace whitethorn stay wrong the transmission for immoderate much time. The bears volition summation the precocious manus connected a interruption beneath the channel’s enactment line.

Hyperliquid terms prediction

Hyperliquid (HYPE) continues to march higher, rising supra the $49.88 to $51.19 overhead absorption portion connected Monday.

A adjacent supra $51.19 signals the completion of a bullish ascending triangle pattern. The HYPE/USDT brace whitethorn past resume its uptrend toward the signifier people of $64.25.

Contrary to this assumption, if the Hyperliquid terms turns down sharply and re-enters the triangle, it suggests that the bears are progressive astatine higher levels. Sellers volition person to descend the terms beneath the uptrend enactment to negate the bullish setup. That could trap the assertive bulls, pulling the brace to $40.

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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