Major Factors:
- Bitcoin remains stuck around the $79,500 level, though the trend continues to point upward as long as the price remains above $76,000.
- Most major altcoins lack a clear direction, hinting at a period of sideways movement in the near term.
Bitcoin (BTC) attempted to break through $79,500, but sellers prevented the climb. BTC investor and writer Michael Terpin told Cointelegraph that BTC could drop to $57,000 by October 2026, based on a study of the “historical average” decline of about one year from a market cycle peak. Terpin added that BTC needs to climb above $100,000 for the bull cycle to regain steam.
Another negative outlook came from Bitcoin analyst Matthew Hyland, who wrote in a post on X that the “wider expected consensus for BTC is another downward leg by October.” Veteran trader Peter Brandt also suggested in an X post that BTC could form “an investable bottom” in September or October.
Daily crypto market data. Source: TradingView
While several analysts expect a drop in BTC, crypto sentiment platform Santiment sees things differently. Santiment noted in an X post that wallets holding between 10 and 10,000 BTC accumulated 40,967 BTC since April 10, while retail investors holding less than 0.1 BTC gathered 46 BTC over the same period. If large investors keep buying while retail traders take profits, it could set the stage for a prolonged bull run.
Can BTC and the major altcoins bounce off support? Let’s examine the daily charts of the top 10 cryptocurrencies.
S&P 500 Index Price Prediction
The S&P 500 Index (SPX) hit a fresh all-time high on Friday, showing that buyers remain in control.
SPX daily chart. Source: Cointelegraph/TradingView
The upward-sloping 20-day exponential moving average (6,948) and the relative strength index (RSI) near the overbought zone suggest the rally may continue. Key levels to watch on the upside are 7,500, followed by 7,877.
Sellers need to drag the price back below the 20-day EMA quickly to break the bullish momentum. If they succeed, the index could slide toward the 50-day simple moving average (6,795).
US Dollar Index Price Prediction
The US Dollar Index (DXY) climbed up to the moving averages, where sellers are putting up strong resistance.
DXY daily chart. Source: Cointelegraph/TradingView
The bears aim to drive the price down to the 97.74 level, where
Patrons are expected to step in. However, if the bears push the price below the 97.74 level, the index could drop toward the 96.21-95.55 support zone.
On the upside, bulls may want to keep prices above the moving averages to increase the chance of a rally toward the 100.54 level. The bears will try to keep the index confined within the 95.55 to 100.54 range by selling near the overhead resistance.
Bitcoin price prediction
BTC has been holding above the breakout level of $76,000, suggesting that the bulls are in no rush to take profits.
BTC/USDT daily chart. Source: Cointelegraph/TradingView
The upward-sloping moving averages and the RSI in the positive zone indicate that the path of least resistance is upward. If buyers push the price above $80,000, the BTC/USDT pair could surge to $84,000.
Time is running out for the bears. They must quickly pull the BTC price below the 20-day EMA to gain the upper hand. The pair might then decline to the 50-day SMA ($71,820), signaling that the bears are active at higher levels.
Ether price prediction
Ether (ETH) remains above the 20-day EMA ($2,295), but bulls have failed to push it above the $2,465 resistance.
ETH/USDT daily chart. Source: Cointelegraph/TradingView
Sellers will try to strengthen their position by pulling the ETH price below the 20-day EMA. If they succeed, it suggests the ETH/USDT pair could remain within the ascending channel for some time longer.
Buyers need to push the price above the resistance line to seize control. The pair might then rally to $3,050. Sellers will likely be back in the driver’s seat on a close below the support line.
XRP price prediction
XRP (XRP) remains trapped within the $1.27 to $1.61 range, indicating buying on dips and selling on rallies.
XRP/USDT daily chart. Source: Cointelegraph/TradingView
The 20-day EMA ($1.40) has started to turn up gradually, and the RSI is near the midpoint, suggesting that the bulls have a slight edge. There is minor resistance at $1.51, but if it is cleared, the XRP/USDT pair could reach the downtrend line. A break and close above the downtrend line signals a possible trend reversal. The pair might then rally to $2.
Sellers are likely to have other plans. They will attempt to pull the XRP price back below the moving averages, keeping the pair contained within the range.
BNB price prediction
BNB (BNB) is finding support at the moving averages, but the bulls have failed to trigger a strong bounce.
BNB/USDT each day chart. Provide: Cointelegraph/Shopping and sellingView
Patrons might want to drive the BNB value above $654 to verify energy. The BNB/USDT pair might then check the $687 resistance stage, a key stage to observe. If patrons clear the $687 stage, the pair might rally to $730 after which to $790.
Alternatively, if the value reverses from the present stage or the overhead resistance and drops under the shifting averages, it means the pair might stay within the $570 to $687 vary for a number of extra days.
Solana value prediction
Solana (SOL) continues to commerce close to the shifting averages, pointing to a steadiness between provide and demand.
SOL/USDT each day chart. Provide: Cointelegraph/Shopping and sellingView
There’s a minor barrier at $90.73, however as soon as that stage is cleared, the SOL/USDT pair might attain the $98 resistance. Sellers are anticipated to defend the $98 stage with all their may, because a detailed above it opens the doorways for a rally to $117.
Then again, if the SOL value reverses from the present stage or the overhead resistance and drops under $82.94, it means the bears are trying to achieve management. The pair might then fall to the $76 assist.
Dogecoin value prediction
Dogecoin (DOGE) has been steadily climbing however is predicted to face promoting stress within the $0.10 to $0.11 zone.
DOGE/USDT each day chart. Provide: Cointelegraph/Shopping and sellingView
If the DOGE value reverses from the overhead resistance zone, it’s anticipated to seek out assist on the shifting averages. A powerful bounce off the shifting averages will increase the probability of a rally to the $0.12 stage.
Quite the opposite, if the value turns down and drops under the shifting averages, it indicators that the bears stay sellers throughout rallies. The DOGE/USDT pair dangers restarting the downtrend if the $0.09 assist offers approach.
Hyperliquid value prediction
Hyperliquid (HYPE) resumed its upward transfer after breaking above the $41.88 resistance on Sunday.
HYPE/USDT each day chart. Supply: Cointelegraph/TradingView
Promoting strain is constructing throughout the $43.76 to $45.77 vary, as proven by the lengthy wick on the candlestick. Bears goal to push HYPE’s value under the 20-day EMA ($41.25), doubtlessly triggering a decline towards the 50-day SMA ($39.50).
Alternatively, a value rebound from the present degree or the 20-day EMA adopted by a break above $45.77 would point out that patrons are again in cost. This might propel the HYPE/USDT pair towards the $50–$51.43 resistance space.
Cardano value forecast
Cardano (ADA) has hovered round its shifting averages for a number of classes, rising the probability of an upward breakout.
ADA/USDT each day chart. Supply: Cointelegraph/TradingView
Regard the downtrend line as a degree of key resistance; a decisive shut above it might sign a short-term reversal in development. The ADA/USDT pair may then rally to $0.32, adopted by $0.37.
Nonetheless, ought to ADA’s value reject sharply from the downtrend line, it will recommend that sellers are fiercely defending this barrier. In that state of affairs, the pair may slide right down to the $0.22 assist degree.
