Market Overview

Key Points:

• Bitcoin’s price surged past $113,000 on Friday, but the long candlestick suggests significant selling at this elevated level.

• Major altcoins are attempting to hold their ground, although selling pressure from bears persists.

On Thursday, sellers pushed Bitcoin (BTC) below $110,000, but buyers stepped in on Friday, driving it back over $113,000. This surge attracted more selling pressure, with bears aiming to bring BTC prices back down again.

According to GlassNode’s latest report, a pivotal level for BTC sits at $116,000. If buyers can break through this resistance, it might signal the start of a new uptrend. However, should BTC falter below $104,000, it risks falling into the $93,000-$95,000 range.

Alphractal’s CEO, Joao Wedson, mentioned on X that BTC’s fractal cycle could conclude in October, with potential movement towards $140,000 beforehand. If BTC peaks this October, there’s a possibility of a bear market in 2026, possibly dragging prices down to below $50,000. Wedson expressed interest in whether the four-year BTC cycle is coming to an end due to investments in the exchange sector and strong demand from institutional players, something some analysts have suggested.

What key support levels should be monitored in BTC and leading altcoins? It might be useful to analyze the charts of the top 10 cryptocurrencies.

Bitcoin Price Forecast

Bulls managed to push Bitcoin prices above the 20-day EMA ($112,093), but sustaining that level has proven challenging.

Sellers are looking to push prices below $109,000 to maintain their control. If that happens, Bitcoin may drop to $107,250—an important threshold to watch. If that level fails, the BTC/USDT pair could plummet to $105,000 and potentially $100,000.

For buyers, keeping prices above the 20-day EMA is key to demonstrating strength. If they succeed, the pair could climb towards the 50-day SMA ($115,304) and attract further selling. If buyers overcome sellers, prices might reach as high as $120,000 and possibly $124,474.

Ether Price Prediction

Ethereum (ETH) has been trading within a narrow range of $4,500 to $4,250 recently, reflecting a balance between supply and demand.

The flat 20-day EMA and RSI near the midpoint aren’t giving clear advantages to either bulls or bears. A rise above $4,500 would indicate that bulls are re-entering the market, with the ETH/USDT pair potentially rising to $4,664 and then $4,957.

On the flip side, dropping below $4,250 could send the pair down to a breakout level of $4,094. Buyers are expected to defend this level vigorously; otherwise, Ether could slide to around $3,745.

XRP Price Forecast

XRP (XRP) has been forming a descending triangle pattern, which will close should it break below $2.73.

The 20-day EMA ($2.90) and RSI just under the midpoint lend an advantage to sellers. If prices sag significantly from the 20-day EMA, the risk of falling below $2.73 increases, potentially dropping the XRP/USDT pair to $2.20.

Conversely, breaking above the 20-day EMA could suggest a shift in momentum. XRP may then reach a downtrend line where bears would put up stiff resistance. Strong moves above the downtrend line could open the door to rallies towards $3.40 and $3.66.

BNB Price Prediction

BNB (BNB) is experiencing a tough contest between bulls and bears around the 20-day EMA ($848).

A flattish 20-day EMA and RSI just above the midpoint indicate that neither side has a distinct advantage. If prices dip below $840, a move towards the 50-day SMA ($816) could be next. Buyers will likely feel the pressure to protect pullbacks between this SMA and the $794 level.

A definitive sign of strength would come from breaking and closing above $881, signaling that the bulls could take the lead. Should this happen, BNB prices may gain momentum past $900, targeting $1,000.

Solana Price Forecast

Solana (SOL) saw a rejection at the $210 level on Thursday but is currently supported by the 20-day EMA ($198).

The bulls are making an effort to push prices above the $218 resistance. A successful breakout could form a bullish rising triangle pattern, potentially leading to gains towards $240 and eventually $260.

On the other hand, if sellers manage to drive prices below the upward trend, it might lead to declines first to $175 and then $155, where buyers are expected to step in. Solana’s price might hover between $155 and $218 for a short while.

Dogecoin Price Forecast

Dogecoin (DOGE) has been trading in a range between the moving average and $0.21 support for several days.

The 20-day EMA ($0.21) combined with the RSI slightly below the midpoint lend a slight edge to sellers. If the price falls and closes below $0.21, bears would likely gain more control, dropping the Doge/USDT pair to $0.19 and maintaining a range between $0.14 to $0.29.

Buyers need to push Dogecoin above the 50-day SMA ($0.22) to regain some strength, which could set the stage for a move towards $0.26.

Cardano Price Forecast

On Friday, Cardano (ADA) buyers attempted to break above the 20-day EMA ($0.84), but bears held firm.

Support sits at $0.80, and if that gives way, the ADA/USDT pair could slide into the support line of a downward channel pattern. Bounces from this line are likely to face selling pressure from the 20-day EMA. If that happens, the chances of breaking below support would rise, with Cardano potentially falling to $0.68.

However, if prices rise above the 20-day EMA, it could indicate that selling pressure is waning. This scenario might allow the pair to approach a downtrend line, with buyers needing to break through it for a new upward move starting around $1.02.

ChainLink Price Prediction

ChainLink faced rejection at the 20-day EMA ($23.24) on Thursday, suggesting active defense from bears.

Sellers will aim to push the price towards a 50-day SMA ($21.19), which could act as strong support. A rebound from here, coupled with a break above $24.10, may suggest the bears are losing grip. In that case, the Link/USDT pair could rise to $26 and even $28.

However, breaks and closes below the 50-day SMA could mean the prices might regress into the uptrend line.

High Lipid Price Forecast

A bounce off the 20-day EMA ($44.78) on Friday indicated strong buying interest from the bulls.

If buyers can sustain prices above $46.50, the hype/USDT pair may drive towards an overhead resistance zone between $49.88 and $51.19. Sellers are expected to defend this zone vigorously, as it’s completing a bullish rising triangle pattern. High lipid prices could then surge toward a target of $64.25.

This positive outlook would be challenged if prices drop and fall below the upward trend line, with the pair potentially sinking to $40 and then to $35.51.

SUI Price Forecast

SUI was rejected by the 20-day EMA ($3.43) on Thursday, but bulls are working to establish support around $3.26.

The bulls aim to strengthen their position by pushing prices above the 20-day EMA. If they succeed, the SUI/USDT pair may rise to the 50-day SMA ($3.64). This level is crucial because a break above the SMA could swing prices further between $3.26 and $4.44.

Bears, however, need to drive prices below $3.11 to gain control, with potential drops down to $2.80.

This article does not include investment advice or recommendations. All trading involves risk, and readers should conduct their own research when making decisions.