Key Points:

• Bitcoin’s recent dip resulted in significant withdrawals from the BTC ETF on Tuesday, but buyers may intervene if prices drop to around $110,530.

• Ether bulls are attempting to solidify a support level at $4,094, indicating some positive market sentiment.

Bitcoin (BTC) is currently test the immediate support level near $112,000, yet if it climbs higher, it might attract sellers. Data from various investors highlights that the BTC decline led to a net outflow of about $523.3 million from U.S. Spot BTC Exchange-Traded Funds. This could imply that institutional investors are likely to stay cautious in the near term.

According to blockchain analytics firm Santiment, there’s been a notable drop in BTC prices below $113,000, leading to the most pessimistic sentiment on social media since June 22nd. Interestingly, retail traders seem to have a more optimistic outlook, which could be a positive sign for long-term investors as the market tends to move contrary to the crowd’s expectations.

The decline in Bitcoin has also impacted some altcoins, leaving many investors feeling uneasy. Recent Google Trends data shows that global interest in “Alt Season” has dropped significantly to 45, down from a peak of 100 on August 13th.

Bitcoin Price Forecast

On Tuesday, BTC fell below a key neckline in a reversed head-and-shoulder pattern, approaching a vital support level around $112,000.

Bulls are expected to actively defend the price range between $110,530 and $112,000. A rebound from this support zone could potentially see the BTC/USDT pair rise to the 20-day exponential moving average (currently at $116,687). This could indicate some range-bound activity between $110,530 and $124,474 near the 20-day EMA.

Conversely, if prices decline past the 20-day EMA and fall below $110,530, it would reflect bearish sentiment, potentially driving prices down to $105,000 and possibly reaching a psychological level of $100,000.

Ether Price Prediction

Ether (ETH) is showing signs of recovery from a breakout level at $4,094, suggesting bulls are attempting to maintain that level.

If successful, the ETH/USDT pair might rise towards $4,576 and eventually $4,788. However, sellers are likely to defend the $4,788-$4,868 area fiercely. Should buyers manage to push through, ETH could reach $5,000 and then $5,662.

On the other hand, a sharp decline below $4,094 would indicate that bulls could be retreating, potentially dropping the pair down to the 50-day moving average ($3,593).

XRP Price Forecast

XRP recently dropped from the 20-day EMA ($3.07) and fell below the 50-day SMA ($2.97).

Bears seem to be strengthening their position as they target solid support at $2.73. Buyers are expected to strongly support the $2.73 level, as a break below could lead to a drop towards $2.20.

A key sign of recovery would be a rise above the 20-day EMA, indicating a potential decline in selling pressure. For the XRP/USDT pair to demonstrate positive movement, it would need to break above bearish trend lines.

BNB Price Prediction

BNB faced pressure at a resistance level of $861 but is currently being supported by a 20-day EMA ($813).

Bulls are working to push prices past the resistance zone of $861-$869. Successful breakouts could set the BNB/USDT pair on a path toward the psychological mark of $1,000.

If prices drop below the 20-day EMA, it could push the BNB price down to around $794 and then $757 over the next 50 days. This could result in a prolonged consolidation period between $732 and $861.

Solana Price Forecast

Solana (SOL) has dropped below its 20-day EMA ($181) and reached the 50-day SMA ($173).

Bulls are trying to maintain prices above the 20-day EMA. A successful defense could see the SOL/USDT pair again challenge the resistance level at $210. However, sellers are expected to guard this level fiercely; a bullish victory could see the price surge to $240.

If it fails, a close below the 50-day SMA could send the pair down towards solid support at $155.

Dogecoin Price Forecast

Dogecoin (Doge) has found firm support at $0.21, where buyers expect to step in.

A rebound from the $0.21 level that pushes above the 20-day EMA ($0.22) would indicate potential range formation, likely oscillating between $0.21 and $0.26 for a period.

Conversely, if the price were to fall below $0.21, it could signal bearish control, dragging the price down to $0.19 and then $0.16, creating a larger trading range from $0.14 to $0.29.

Cardano Price Forecast

Cardano (ADA) experienced a sharp drop recently, falling to its 20-day EMA ($0.84), indicating a loss of bullish momentum.

The 20-day EMA serves as a critical short-term support level, and a failure to hold could lead to a drop towards the 50-day SMA ($0.77). A deeper correction could stall any upward movement.

On the flip side, a strong rebound from the 20-day EMA could energize bulls, possibly pushing ADA towards the resistance level of $1.02, with potential to climb to $1.17.

Chain Link Price Prediction

Chain Link (LINK) retreated from the $27 resistance but hasn’t lost much ground to bearish pressure.

Bulls are again attempting to push through this resistance level. If they succeed, the LINK/USDT pair could initiate an uptrend toward $31 and then $36.

However, should prices drop back below $23.36, it may indicate profit-taking from bulls, pulling the price down towards the 20-day EMA ($21.86).

High Lipid Price Forecast

High Lipids (HYPE) fell below the moving average recently, showing that bearish pressure continues.

Bulls are attempting to regain momentum to push prices back above this moving average but are likely to face stiff resistance. If prices drop further from this average, the HYPE/USDT pair could plummet to $36.

An indication of strength from buyers is crucial for pushing prices higher, potentially leading to a resistance level at $50.

Star Price Prediction

Stellar (XLM) is currently caught in a struggle between bulls and bears around the 50-day SMA ($0.39).

The 20-day EMA ($0.41) is gradually declining, and the RSI indicates a slight bearish edge. If prices sink below the 50-day SMA, XLM/USDT could fall to $0.36. This price point is essential for bulls to guard; a breach could drive prices down to $0.29.

For any indication of bullish strength, a close above the 20-day EMA would be vital, with potential for the pair to reach $0.47 and possibly $0.52 thereafter.

This article does not provide investment advice or recommendations. All investment and trading activities involve risks, and readers are encouraged to conduct their own research before making decisions.