Bitcoin holds the bulk of its gains from this week’s rally to $100,000, altcoins turn bullish

Basic Points:

• Bitcoin holding $ 100,000 as a support level will be confirmed by the current trend.

• Ether leads to altcoins, and the defi tokens can be followed.

Bitcoin (BTC) broke up above the psychological critical $ 100,000 level on May 8, and the Bulls were trying to hold the level on May 9. In an X post, Coinglass said the Bitcoin rally resulted in $ 837.80 million in short destruction over a 24 -hour period, the largest since 2021.

The Bitcoin rally has also raised many major altcoins, which has strengthened above their overhead resistance levels. The Altcoin rally was led by Ether (ETH), which reached nearly 22% on May 8, which triggered a $ 328 million ether short position.

Although the short-term picture has been positive, the Bitcoin Bulls are expected to deal with significant resistance near the all-time high of $ 109,588. During the pullbacks, traders had to maintain the price above $ 100,000 to maintain bullish momentum.

Can Bitcoin continue its upward moving and pierce the high time? Are altcoins preparing for a short -term rally? Let's check the charts of the top 10 cryptocurrencies to find out.

Bitcoin's price prediction

Bitcoin rallied more than 6% and closed above $ 100,000 barriers on May 8, indicating that consumers insisted on their high -power.

The BTC/USDT pair can reach the $ 107,000 to $ 109,588 zone, which is expected to be mounted by the bear of a strong defense. The overbought level in the relative index index (RSI) suggests a short-term pullback is possible.

If the price decreases from overhead resistance but finds support in the 20-day exponential transfer of average ($ 94,879), it indicates a positive emotion. The Bulls will then make another attempt to push the price above high time.

The first sign of weakness will be a close below the 20-day EMA. That suggests income booking at a higher level. The pair can then fall into 50-day simple moving average ($ 88,139).

Price ether

The Ether (ETH) turned on the above $ 2,111 resistance on May 8 and extended its move to nearly $ 2,550 on May 9.

The long wick on Candlestick shows a solid sale near $ 2,550. If the price drops from $ 2,550 but finds support to $ 2,111, it indicates that the bulls are trying to flip the support level. The Bulls will make another attempt to drive the ETH/USDT pair above $ 2,550. If they succeed, the pair can climb to $ 2,850.

Sellers need to pull the price below the level of $ 2,111 to soften the bullish momentum. The pair can slide to 20-day EMA ($ 1,867).

XRP price prediction

Consumers push the XRP (XRP) to the resistance line, which is a very important close level to guard.

Sellers are expected to defend the resistance line aggressively because a break and near it indicates a potential change in trend. The XRP/USDT pair can rise to $ 2.60 and subsequently to $ 3.

If the price drops from the resistance line but finds support on moving averages, it suggests that bulls buy dips. The Bulls will then try again to push the price above the resistance line. Sellers will have to steal the price below the Support of $ 2 to occupy control.

BNB price prediction

BNB (BNB) made a decisive move higher on May 8 and rose above the immediate resistance above to $ 620.

The BNB/USDT pair reached the $ 644 level on May 9, which is expected to act as a strong barrier. However, if consumers maintain pressure and pierce the resistance of $ 644, the pair can sink to $ 680.

Time is running out for bears. If they want to stop the support, they will need to defend the level of $ 644 and pull the price below the moving averages. The pair can drop to $ 580.

Solana's price prediction

Solana (Sol) broke and closed above $ 153 resistance on May 8, indicating that the bulls were in charge.

The Sol/USDT pair could have reached $ 180, which is expected to act as a terrible obstacle. If the price drops from $ 180 but the rebound off $ 153, it suggests that consumers are trying to build a lower one. It enhances the prospects of a rally at $ 200.

This optimistic view is invalid in the near term if the price drops sharply and plummets below the $ 140 support. That suggests entrepreneurs have booked revenue at a higher level.

Dogecoin's price prediction

Consumers successfully defended moving averages and pushed Dogecoin (Doge) to overhead resistance to $ 0.21.

Sellers will try to stop moving at $ 0.21, but if the bulls pierce the resistance, the DOGE/USDT pair can rally towards $ 0.25. If the price drops from $ 0.25 but finds support at $ 0.21, signales that the bulls are to –flip the support level. That suggests that the downtrend may be completed.

Especially, if the price drops sharply from $ 0.21 and breaks below the moving averages, it indicates that the pair can beoscillate within the range for more time.

Cardano's price prediction

Cardano (ADA) bouncing in 50-day SMA ($ 0.67) and completed an opposite head-and-shoulders pattern on May 8.

The 20-day EMA ($ 0.69) began to turn away, and the RSI was in the positive territory, which signed an advantage over consumers. If the price remains above the neckline, the ADA/USDT pair may advance to the target pattern of $ 1.01. There is a resistance to $ 0.83, but it is likely to cross.

If the Bears want to avoid the reverse, they will need yank the price below the 50-day SMA. That could sink the pair to $ 0.60 and eventually to $ 0.50.

Related: Chances of high prices of bitcoin over $ 110k in May increase – here's why

Sui's price prediction

Sui (Sui) rallied strongly from the 20-day EMA ($ 3.29) and climbed above the $ 3.90 overhead resistance on May 8.

The irritating 20-day EMA and the RSI near the overbought zone signal whose bulls are in command. If the price retains above $ 3.90, the SUI/USDT pair can rally at $ 4.25 and eventually $ 5.

Alternatively, if the price drops and closes below $ 3.90, it suggests that the bears are trying to make a return. The pair can fall into 20-day EMA, which is likely to act as a stable support.

Chainlink price prediction

The chainlink (link) turned sharply from the 50-day SMA ($ 13.72) on May 8 and completed an opposite head-and-shoulders pattern.

Seller tries to pull the price below the neckline, but if the bulls successfully hold the level, the link/USDT pair can break above the resistance line and rally towards the target pattern of $ 21.30.

This optimistic view will be neglected if the price decreases sharply and breaks below the moving averages. It opens the doors for the fall at $ 12, indicating that the pair can stay inside the channel longer.

Avalanche's price prediction

Avalanche (AVAX) has been bouncing on the transfer of averages on May 8 and reached an overhead resistance of $ 23.50 on May 9.

Sellers are expected to defend the $ 23.50 level at all their strengths as a break and near the top of the resistance can clear the path for a potential increase to $ 28.78 and, afterwards, at $ 31.73.

Conversely, if the price drops sharply from $ 23.50 and breaks below the moving averages, it suggests that the Avax/USDT pair can extend its stay within a few days.

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.