BTking
06/20 03:04
Price Predictions 6/18: BTC, ETH, SOL, DOGE, ADA,
Bitcoin price prediction
Bitcoin rose above the 20-day exponential moving average ($105,851) on Monday, but the bulls could not sustain the higher levels. The price turned down and fell to the 50-day SMA on Tuesday.
The 20-day EMA has flattened out, and the relative strength index (RSI) is near the midpoint, signaling a possible range-bound action in the near term. If the price skids below the 50-day SMA, the BTC/USDT pair could plunge to $100,000. Buyers are expected to defend the $100,000 level with all their might because a break below it may sink the pair to $93,000.
On the upside, a break above the 20-day EMA could push the pair to the downtrend line. If this level is cleared, the pair could rise to the neckline of the inverted head-and-shoulders pattern near $112,800.
Ether price prediction
Buyers pushed Ether ETH $2,544 above the 20-day EMA ($2,560) on Monday and Tuesday, but the long wick on the candlesticks shows selling near $2,738.
The flattish 20-day EMA and the RSI near the midpoint signal a possible range-bound action in the near term. The ETH/USDT pair could consolidate between $2,738 and $2,323 for a few days.
If buyers pierce the $2,738 resistance, the likelihood of a rally above $2,879 increases. The pair could soar toward $3,153. This positive view will be invalidated in the near term on a break below $2,323. The pair may then slump to $2,111.
Solana price prediction
Buyers pushed Solana SOL $146.28 above the 20-day EMA ($154) on Monday but could not clear the 50-day SMA ($160) hurdle.
The bears are trying to pull the price down to the $140 support, which is a crucial level to watch out for. If the $140 level breaks down, the SOL/USDT pair will complete a bearish H&S pattern. The pair may then fall to $123 and eventually to $110.
Dogecoin price prediction
Dogecoin DOGE $0.1703 is witnessing a tough battle between the buyers and sellers at the $0.16 support.
The downsloping 20-day EMA ($0.18) and the RSI in the negative zone indicate the path of least resistance is to the downside. If the $0.16 support cracks, the DOGE/USDT pair could plunge to $0.14.
Buyers will try to fiercely protect the $0.14 support, but the relief rally is likely to face selling at the 20-day EMA. If the price turns down sharply from the 20-day EMA, the $0.14 support will be at risk of breaking down. If that happens, the pair may collapse to $0.10. Buyers will be back in the driver’s seat on a break above $0.26.
Cardano price prediction
Cardano ADA $0.6017 turned down from the 20-day EMA ($0.66) on Monday, indicating a negative sentiment where the bears are selling on relief rallies.
The bulls are trying to defend the $0.60 level, but if the bears prevail, the ADA/USDT pair could descend to the solid support at $0.50. Buyers will attempt to arrest the fall at $0.50 because if they fail in their endeavor, the pair could plummet to $0.40.
If buyers want to prevent the downside, they will have to swiftly push the price above the 50-day SMA ($0.71). If they do that, the pair could rise to the downtrend line, where the bears may pose a substantial challenge.
Hyperliquid price prediction
Buyers repeatedly pushed Hyperliquid (HYPE) above the $42.25 resistance in the past few days but failed to sustain the higher levels.
The bears tried to strengthen their position by pulling the price below the 20-day EMA ($37.93) on Tuesday, but the bulls held their ground. Buyers will again try to close the price above $42.50. If they can pull it off, the HYPE/USDT pair could rise to $45.80 and later to $50.
Sui price prediction
Sui SUI $2.81 turned down from the 20-day EMA ($3.17) on Monday and dipped below the critical support at $2.86.
If the price remains below $2.86, the selling could pick up, and the SUI/USDT pair may nosedive to $2.42. The bulls will try to start a relief rally from $2.42 but may face stiff resistance at the 20-day EMA. If the price turns down from the 20-day EMA, the pair risks falling to $2.
The first sign of strength will be a break and close above the 20-day EMA. The pair could then rise to the 50-day SMA ($3.49).
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