Key points:
Bitcoin’s bullish momentum has weakened, raising the chance of a correction to $100,000.
Altcoins are likely to follow Bitcoin price and consolidate near their most immediate support levels.
Bitcoin’s (BTC) failure to rise above $109,588 may have tempted short-term buyers to book profits. That has pulled the price under $104,000 on May 30. US spot Bitcoin exchange-traded funds recorded a net outflow of $347 million on May 29, its first outflow since May 13, according to CoinGlass.
Derive founder Nick Forster told Cointelegraph that Bitcoin is likely to enter a consolidation phase, which will be “a healthy pause” before another “significant upward movement.”
Analyst Willy Woo had a similar opinion. In a post on X, Woo said that the current week was critical as a lack of follow-through could result in another consolidation.
The near-term pullback has not altered the long-term view. Trading account Stockmoney Lizards said in a post on X that Bitcoin could rally up to $200,000 in 2025 and possibly extend the up move to $250,000 next year.
What critical support levels could arrest the decline in Bitcoin and altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price prediction
Bitcoin has pulled back to the 20-day exponential moving average ($105,485), which is likely to witness a tough battle between the bulls and the bears.
If the price closes below the 20-day EMA, the BTC/USDT pair could sell off toward the $100,000 level. Buyers are expected to fiercely defend the zone between $100,000 and the 50-day simple moving average ($97,775). If the price rebounds off the support zone, the bulls will try to push the pair to $109,588.
Alternatively, if the price turns up from the 20-day EMA, it signals a positive sentiment. That increases the likelihood of a break above the $111,980 resistance. The pair could then surge toward $130,000.
Ether price prediction
Buyers pushed Ether (ETH) above the $2,738 resistance on May 29 but could not sustain the higher levels. Profit booking pulled the price to the uptrend line on May 30.
The upsloping 20-day EMA ($2,497) and the RSI in the positive territory indicate an advantage to buyers. If the price rebounds off the uptrend line with force, the bulls will again try to clear the obstacle at $2,738. If they can pull it off, the pair will complete an ascending triangle pattern. The ETH/USDT pair may then rally to $3,000 and eventually to the pattern target of $3,153.
Conversely, a break and close below the 20-day EMA invalidates the bullish setup. That could sink the pair to $2,323 and then to the 50-day SMA ($2,098).
XRP price prediction
XRP (XRP) slipped below the 50-day SMA ($2.25) on May 30, indicating that the bears have overpowered the bulls.
The XRP/USDT pair could drop to the solid support at $2. Buyers are expected to defend the $2 level with all their might because a break below it increases the risk of a downtrend. The pair could first retest the $1.61 support and later plunge to $1.27.
Instead, if the price rebounds off $2, it suggests that the bulls are trying to keep the pair inside the range for a few more days. The bulls will have to shove the price above $2.65 to seize control.
BNB price prediction
Buyers failed to kick BNB (BNB) above the $693 resistance on May 29, resulting in a pullback to the uptrend line.
A bounce off the uptrend line indicates a positive sentiment. Buyers will have to achieve a close above $693 to complete the bullish ascending triangle pattern. If they do that, the BNB/USDT pair could rally to $732 and later to the pattern target of $752.
Contrarily, a break below the 20-day EMA ($661) invalidates the bullish setup. That could trap the aggressive bulls, pulling the pair down to the $644 support and later to the 50-day SMA ($626).
Solana price prediction
Solana (SOL) broke below the 20-day EMA ($168) on May 29, signaling profit-booking by short-term traders.
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.
The next trending move is expected to begin on a break above $180 or below $153. If the bulls 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.
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.
There is support at the 50-day SMA ($0.19), but if the 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.
Buyers will have 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.
Cardano price prediction
Cardano (ADA) fell below the neckline of the inverse Head and Shoulders (H&S) pattern on May 29, and the bears pulled the price below the 50-day SMA ($0.71) on May 30.
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 the buyers are expected to step in. A bounce off $0.60 could point to a possible range formation in the near term.
The bulls will have 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.
Related: How low can the Bitcoin price go?
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.
The bulls will have 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.
Contrary to this assumption, if the price turns down from the 20-day EMA, it suggests that the sentiment has turned negative and traders are selling on rallies. That increases the risk of a break below the 50-day SMA. The pair could then plummet to the strong support at $2.86.
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.
The bulls will have 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.
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).
Chainlink price prediction
Chainlink’s (LINK) failure to sustain above the resistance line may have tempted short-term buyers to book profits.
The bears are trying 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.
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.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
