Key points:
Alas, Bitcoin’s bullish momentum has taken a rather unfortunate tumble, raising the delightful prospect of a correction to $100,000. How quaint! 😏
As is tradition, altcoins are likely to follow Bitcoin’s lead, consolidating near their most immediate support levels, like obedient little sheep. 🐑
Bitcoin’s (BTC) failure to rise above the lofty heights of $109,588 may have lured short-term buyers into a profit-taking frenzy. Consequently, the price has plummeted below $104,000 on this fine day, May 30. In a shocking twist, US spot Bitcoin exchange-traded funds recorded a net outflow of $347 million on May 29, marking its first outflow since May 13, according to the ever-reliable CoinGlass. Who knew money could be so fickle? 💸
Derive founder Nick Forster, in a moment of profound insight, informed CryptoMoon that Bitcoin is likely to enter a consolidation phase, which he charmingly describes as “a healthy pause” before another “significant upward movement.” How optimistic! 🌈
Analyst Willy Woo echoed this sentiment, declaring on X that the current week is critical, as a lack of follow-through could lead to yet another consolidation. Oh, the suspense! 🎭
Despite the near-term pullback, the long-term view remains as bright as ever. Trading account Stockmoney Lizards boldly proclaimed on X that Bitcoin could rally up to $200,000 in 2025 and perhaps even extend its upward trajectory to $250,000 next year. Dream big, right? 🌟
What critical support levels could possibly halt the decline in Bitcoin and its altcoin companions? Let’s delve into the charts of the top 10 cryptocurrencies to uncover the mysteries. 🔍
Bitcoin price prediction
Bitcoin has retreated to the 20-day exponential moving average ($105,485), where a fierce battle between the bulls and bears is expected. Grab your popcorn! 🍿
If the price closes below the 20-day EMA, the BTC/USDT pair could nosedive toward the $100,000 level. Buyers are anticipated to defend the zone between $100,000 and the 50-day simple moving average ($97,775) with all the fervor of a mother bear. If the price rebounds off this support zone, the bulls will attempt to push the pair back to $109,588. 🐻
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The upsloping 20-day EMA ($2,497) and the RSI in the positive territory suggest that buyers still hold an advantage. If the price rebounds off the uptrend line with gusto, the bulls will once again attempt to clear the obstacle at $2,738. Should they succeed, the ETH/USDT pair may rally to $3,000 and eventually to the pattern target of $3,153. What a spectacle! 🎉
Conversely, a break and close below the 20-day EMA would invalidate the bullish setup, potentially sinking the pair to $2,323 and then to the 50-day SMA ($2,098). Oh dear! 😱
XRP price prediction
XRP (XRP) slipped below the 50-day SMA ($2.25) on May 30, indicating that the bears have decisively overpowered the bulls. How tragic! 🐻
The XRP/USDT pair could drop to the solid support at $2. Buyers are expected to defend the $2 level with all their might, for a break below it could spell disaster, leading to a retest of the $1.61 support and a potential plunge to $1.27. The horror! 😨
However, if the price rebounds off $2, it suggests that the bulls are attempting to keep the pair within the range for a few more days. The bulls will need to shove the price above $2.65 to regain control. A Herculean task, indeed! 💪
BNB price prediction
Buyers failed to propel BNB (BNB) above the $693 resistance on May 29, resulting in a pullback to the uptrend line. Such is life! 😅
A bounce off the uptrend line indicates a positive sentiment. Buyers must achieve a close above $693 to complete the bullish ascending triangle pattern. If they do, the BNB/USDT pair could rally to $732 and later to the pattern target of $752. Fingers crossed! 🤞
On the flip side, a break below the 20-day EMA ($661) would invalidate the bullish setup, potentially trapping aggressive bulls and pulling the pair down to the $644 support and later to the 50-day SMA ($626). What a rollercoaster! 🎢
Solana price prediction
Solana (SOL) broke below the 20-day EMA ($168) on May 29, signaling profit-booking by short-term traders. How predictable! 😏
The SOL/USDT pair could drop to the $153 support, which is likely to attract buyers. If the price rebounds off the $153 level and breaks above the 20-day EMA, it suggests a range formation in the near term. How exciting! 🎉
The next trending move is expected to begin on a break above $180 or below $153. If the bulls manage to propel the price above $180, the pair could rally to the $210 to $220 resistance zone. On the other hand, a break below $153 could sink the pair to $141 and subsequently to $133. The suspense is palpable! 😬
Dogecoin price prediction
Dogecoin (DOGE) plunged below the $0.21 support on May 30, bringing the large $0.26 to $0.14 range into play. How dramatic! 🎭
There is support at the 50-day SMA ($0.19), but if this level cracks, the DOGE/USDT pair could drop to $0.16. Buyers are expected to fiercely defend the zone between $0.16 and $0.14, as a break below it could sink the pair to $0.10. A solid rebound off the support zone could keep the pair stuck inside the range for some more time. How thrilling! 🎢
Buyers will need to drive the price above the $0.26 resistance to signal the start of the next leg of the up move. The pair could then surge toward $0.34. Fingers crossed! 🤞
Cardano price prediction
Cardano (ADA) fell below the neckline of the inverse H&S pattern on May 29, and the bears pulled the price below the 50-day SMA ($0.71) on May 30. How unfortunate! 😢
If the price sustains below the 50-day SMA, it suggests that the bulls are rushing to the exit. The ADA/USDT pair could descend to $0.60, where buyers are expected to step in. A bounce off $0.60 could point to a possible range formation in the near term. How riveting! 🎉
The bulls will need to push and maintain the price above the 20-day EMA ($0.74) to signal strength. The pair could rise to the overhead resistance of $0.86, which is a critical level to watch out for. A break and close above $0.86 could catapult the pair to $1.01. What a journey! 🚀
Sui price prediction
Sui (SUI) has bounced off the 50-day SMA ($3.30) on May 30, indicating that lower levels continue to attract buyers. How delightful! 😄
The bulls will need to push and maintain the price above the 20-day EMA ($3.64) to signal strength. The SUI/USDT pair could climb to the $3.90 to $4.25 resistance zone. How thrilling! 🎢
Conversely, if the price turns down from the 20-day EMA, it suggests that sentiment has turned negative and traders are selling on rallies. That increases the risk of a break below the 50-day SMA, potentially plummeting the pair to the strong support at $2.86. What a twist! 😱
Hyperliquid price prediction
Hyperliquid (HYPE) is attempting to bounce off the 20-day EMA ($30.32), but the long wick on the candlestick signals selling on rallies. How predictable! 😏
The bulls will need to push the price above the $35.73 overhead resistance to clear the path for a rally to $40 and subsequently to $42.50. Sellers are expected to mount a strong defense at $42.25, but if the bulls prevail, the HYPE/USDT pair could surge to $50. What a spectacle! 🎉
This positive view will be invalidated in the near term if the price turns down and breaks below the 20-day EMA. That could pull the pair down to $28.50 and, after that, to the 50-day SMA ($23.33). How tragic! 😢
Chainlink price prediction
Chainlink’s (LINK) failure to sustain above the resistance line may have tempted short-term buyers to book profits. How predictable! 😏
The bears are attempting to sustain the price below the neckline of the inverse H&S pattern. If they succeed, it suggests that the markets have rejected the breakout from the bullish setup. That could sink the LINK/USDT pair to $13.20, extending the stay inside the descending channel pattern for some more time. How thrilling! 🎢
The first sign of strength will be a break and close above $18. Such a move suggests solid buying at lower levels and opens the doors for a rally to the pattern target of $20.50. Fingers crossed! 🤞
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2025-05-30 21:22