Key factors:
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Bitcoin bulls are chasing after BTC’s $123,218 all-time excessive as shopping for stress surges.
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Ether has performed catch-up to Bitcoin and is shut to creating a brand new all-time excessive.
Bitcoin (BTC) rose above $122,000 on Wednesday, indicating that the bulls have saved up the stress. The repeated retest of a resistance degree tends to weaken it, rising the probability of a breakout above the all-time excessive of $123,218.
BTC will not be alone. Ether (ETH) has additionally charged towards its all-time excessive of $4,868. Crypto sentiment-tracking platform Santiment stated in a publish on X that ETH may get away to a brand new all-time excessive as retail merchants are in disbelief of the present rally. History reveals the worth strikes in “the wrong way of retail merchants’ expectations.”
In a report shared with Cointelegraph, Standard Chartered stated aggressive shopping for by ETH treasury corporations and exchange-traded funds, together with the tempo of stablecoin adoption, improves the outlook for ETH. This led the financial institution to enhance their ETH worth goal to $7,500 in 2025 from $4,000 beforehand.
Could BTC break above the all-time excessive, pulling altcoins increased? Let’s analyze the charts of the highest 10 cryptocurrencies to search out out.
Bitcoin worth prediction
Buyers have once more pushed BTC towards the all-time excessive of $123,218, indicating stable shopping for on each minor dip.
The flattish 20-day easy shifting common ($116,957) indicators a stability between provide and demand, however the relative energy index (RSI) above 65 signifies constructive momentum. That will increase the probability of a break above $123,218. The BTC/USDT pair may then surge towards $135,000.
Time is working out for the bears. They should swiftly yank the worth under the 50-day SMA ($114,682) to weaken the bullish momentum. If they try this, the Bitcoin worth may tumble to $110,530.
Ether worth prediction
ETH prolonged its rally above $4,700 on Wednesday, indicating sustained demand from the bulls.
Sellers will attempt to defend the $4,868 degree, which may set off a short-term correction or consolidation. The overbought degree on the RSI additionally suggests the rally might cool off within the close to time period. If that occurs, the ETH/USDT pair may descend to $4,350 after which to the breakout degree of $4,094.
Instead, if consumers pierce the $4,868 degree, the Ether worth may skyrocket to the psychological degree of $5,000 after which to $5,662.
XRP worth prediction
XRP (XRP) bounced off the 20-day SMA ($3.11) on Tuesday, however the bulls are struggling to maintain the upper ranges.
The flattish 20-day SMA and the RSI simply above the midpoint don’t give a transparent benefit both to the bulls or the bears. If the worth rises above $3.40, the XRP/USDT pair may climb to $3.66.
Alternatively, a drop under the 20-day SMA indicators that the bears try to realize the higher hand. The XRP worth might then stoop to the 50-day SMA ($2.85), which is prone to entice consumers. The short-term pattern turns unfavourable under $2.72.
BNB worth prediction
BNB (BNB) has made a V-shaped restoration from $730 on Aug. 3, indicating aggressive shopping for at decrease ranges.
The BNB/USDT pair rallied near the $861 overhead resistance, the place the bears are posing a robust problem. If the worth turns down from $861, however rebounds off the 20-day SMA ($794), it means that dips are being bought. That enhances the prospects of a break above $861. The BNB worth might then ascend to $900 and later to $1,000.
The first signal of weak spot will likely be a break and shut under the 20-day SMA. That suggests revenue reserving at increased ranges. The BNB worth may then collapse to the stable assist at $732.
Solana worth prediction
Solana (SOL) turned up sharply from the 20-day SMA ($176) and surged above the $185 resistance on Tuesday.
The SOL/USDT pair rose close to the $209 overhead resistance on Wednesday, however the lengthy wick on the candlestick reveals the bears are defending the extent. The Solana worth may skid to the $185 assist, the place the consumers are anticipated to step in.
If the worth rebounds off the $185 assist with energy, the bulls will once more attempt to thrust the pair above $209. If they’ll pull it off, the pair may rally to $240.
On the opposite, a break and shut under $185 suggests a spread formation between $209 and $155.
Dogecoin worth prediction
Dogecoin (DOGE) stays caught inside a wide variety between $0.14 and $0.29 for the previous a number of months.
The worth bounced off the 20-day SMA ($0.22) on Tuesday, indicating that the consumers try to take cost. There is resistance at $0.25, but when the extent is crossed, the DOGE/USDT pair may rise to $0.29. Sellers are anticipated to defend the $0.29 degree with all their would possibly as a result of a detailed above it opens the doorways for a possible rally to $0.44.
The first assist on the draw back is on the 20-day SMA after which on the 50-day SMA ($0.20). A slide under the 50-day SMA may drag the Dogecoin worth to $0.18.
Cardano worth prediction
Cardano (ADA) turned up sharply from the 20-day SMA ($0.77) on Tuesday, signaling aggressive shopping for at decrease ranges.
The bulls try to maintain the worth above the $0.86 resistance. If they succeed, the ADA/USDT pair may climb to $0.94 and later to $1.02.
The first signal of weak spot on the draw back will likely be a break and shut under the 20-day SMA. That may sink Cardano’s worth to the 50-day SMA ($0.72). This is a vital degree for the bulls to defend as a result of a break and shut under the 50-day SMA might tilt the benefit in favor of the bears.
Related: Ether ‘marching’ towards all-time highs as merchants predict $13K ETH worth
Chainlink worth prediction
Chainlink (LINK) has been marching towards the $27 degree, indicating aggressive shopping for by the bulls.
Sellers are prone to pose a considerable problem within the $26 to $27 resistance zone. If the worth turns down from the overhead zone, the LINK/USDT pair may stoop to $20.84. Buyers are anticipated to defend the $20.84 degree as a result of a break under it might sink the Chainlink worth to $18.
Conversely, if consumers pierce the $27 resistance, the uptrend may resume and the pair might prolong its up transfer to $31.
Hyperliquid worth prediction
Hyperliquid (HYPE) has been caught between the shifting averages and the assist line of the ascending channel sample.
The flattish shifting averages and the RSI simply above the midpoint don’t give a transparent benefit both to the bulls or the bears. If consumers obtain a detailed above the assist line, the HYPE/USDT pair may rally to $50. Sellers will attempt to halt the up transfer at $50, however the rally may prolong to the resistance line of the channel close to $64 if the bulls prevail.
This constructive view will likely be invalidated within the close to time period if the worth turns down and breaks under the shifting averages. The Hyperliquid worth may then descend to $36.
Stellar worth prediction
Stellar (XLM) has been taking assist on the 20-day SMA ($0.42), indicating a constructive sentiment.
The 20-day SMA is flattish, however the RSI is within the constructive territory, indicating that the momentum favors the bulls. If consumers push the worth above $0.47, the XLM/USDT pair may surge towards $0.52. The Stellar worth will full a bullish inverse head-and-shoulders sample on a detailed above $0.52.
Sellers should swiftly pull the worth under the 20-day SMA to sign energy. The pair may then plunge to the 61.8% Fibonacci retracement degree of $0.34.
This article doesn’t include funding recommendation or suggestions. Every funding and buying and selling transfer entails danger, and readers ought to conduct their very own analysis when making a call.
