BE4Bit
06/12 02:18
Price Predictions 6/11:
BTC, ETH, XRP, SOL, DOGE, ADA, HYPE, SUI, LINK
Bitcoin price prediction
Bitcoin skyrocketed above the $109,588 resistance on Monday, but the bulls are struggling to sustain the higher levels.
A shallow pullback increases the likelihood of a break above the $111,980 resistance. If that happens, the BTC/USDT pair will complete a bullish inverted head-and-shoulders pattern, which has a target objective of $146,892.
Alternatively, if the price breaks below $108,000, the pair risks falling to the 20-day exponential moving average ($106,313). This is an essential level for the bulls to defend because a break below it may sink the pair to the 50-day simple moving average ($102,709) and then to the psychological support at $100,000.
Ether price prediction
Ether ETH $2,778 broke and closed above the $2,738 resistance on June 10, indicating that the bulls are attempting to take charge.
The 20-day EMA ($2,584) has started to turn up, and the RSI is near the overbought zone, signaling that the buyers have the upper hand. The bears are unlikely to give up easily and will try to pull the price back below $2,738. If they manage to do that, the ETH/USDT pair could drop to the 20-day EMA ($2,584).
XRP price prediction
XRP XRP $2.25 closed above the moving averages on Monday, but the bulls are struggling to maintain the higher levels.
The flattish moving averages and the RSI just above the midpoint suggest the XRP/USDT pair could remain range-bound between $2 and $2.65 for a few more days. If the price closes below the moving averages, the pair could slide to $2. On the other hand, a break above $2.36 clears the path for a rally to $2.65.
Solana price prediction
Solana SOL $160.68 broke above the moving averages on Monday, suggesting the formation of a range between $140 and $185.
The flattish 20-day EMA ($160) and the RSI just above the midpoint give a slight advantage to the bulls. The SOL/USDT pair could reach $185, where the bears are expected to sell aggressively. If the price turns down sharply from $185, the pair may extend its range-bound action for a few more days.
Dogecoin price prediction
Dogecoin DOGE $0.1921 has been consolidating between $0.14 and $0.26 for several days, indicating buying near the support and selling close to the resistance.
The flattish 20-day EMA ($0.19) and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears. If the price sustains above the moving averages, the DOGE/USDT pair could rally to $0.26. On the other hand, a sharp reversal from the moving averages could pull the pair down to $0.16.
Cardano price prediction
Cardano ADA $0.6964 rose above the 20-day EMA ($0.70) on Monday, and the bulls are trying to strengthen their position by pushing the price above the 50-day SMA ($0.72). If they manage to do that, the next stop could be the downtrend line.
The bears are unlikely to give up easily and are expected to mount a strong defense at the downtrend line. If the price turns down sharply from the downtrend line, the ADA/USDT pair may find support at the 20-day EMA. If that happens, the possibility of a break above the downtrend line increases. The pair may then rally toward $1.03.
Instead, if the price turns down from the current level or the downtrend line and breaks below the 20-day EMA, it suggests that the bears are active at higher levels. That may keep the pair inside the $0.60 support and the downtrend line for a few days.
Hyperliquid price prediction
Hyperliquid (HYPE) broke and closed above the symmetrical triangle pattern on Monday, indicating the resumption of the uptrend.
The bulls have pushed the price above the stiff overhead resistance of $42.25, clearing the path for a rally to the pattern target of $46.50 and subsequently to $50.
Sui price prediction
Sui SUI $3.36 pierced the 20-day EMA ($3.40) on Monday, and the bulls are trying to drive the price above the 50-day SMA ($3.55) on June 11.
If they succeed, the SUI/USDT pair could rally to $3.75 and later to $4.25. Sellers are expected to fiercely defend the $4.25 level. If the price turns down sharply from $4.25, the pair may form a large range, swinging between $2.86 and $4.25 for some time.
Chainlink price prediction
Chainlink LINK $14.80 soared above the resistance line of the descending channel pattern and the moving averages on Tuesday, signaling that the bears are losing their grip.
If the price sustains above the breakout level, the LINK/USDT pair could pick up momentum and rally to $18. Sellers will try to defend the $18 level, but if the bulls prevail, the pair could surge to $20.
This positive view will be invalidated if the price turns back and breaks below the $13.20 support. Such a move suggests that the markets have rejected the breakout. The pair may then slump to $10.
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