Price predictions 5/2: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX

 

Price predictions 5/2: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX

Key factors:

  • Bitcoin traits towards $100,000. Will bears promote at this stage?

  • Altcoins are buying and selling above their respective help ranges, suggesting that an altcoin rally is brewing.

Bitcoin’s (BTC) tight consolidation resolved in favor of the bulls with a break above the $95,000 barrier on May 1. The bulls are attempting to push the worth to the psychologically essential stage at $100,000, which can once more witness a troublesome battle between the bulls and the bears. 

Veteran dealer Peter Brandt sounded constructive when he mentioned in a submit on X that Bitcoin may rally to the $125,000 to $150,000 range by August or September 2025 if it manages to regain its damaged parabolic slope. However, Brandt cautioned that the rally might be adopted by a pointy correction of greater than 50%.

Price predictions 5/2: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX
Crypto market knowledge day by day view. Source: Coin360

As Bitcoin nears the 100,000 mark, onchain analytics agency Glassnode cautions that the long-term holders (LTHs) may be tempted to book profits. The agency mentioned in its e-newsletter that the LTHs are likely to e-book income when their revenue margin reaches 350%, and that stage will probably be hit at $99,900. A major quantity of buy-side strain is required to beat the promoting to proceed the up transfer.

Could Bitcoin break above $100,000, pulling choose altcoins larger? Let’s analyze the charts of the highest 10 cryptocurrencies to seek out out.

Bitcoin value prediction

Bitcoin’s break above $95,000 alerts a bonus to patrons, however the bears are unlikely to surrender simply.

Price predictions 5/2: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX
BTC/USDT day by day chart. Source: Cointelegraph/TradingView

Sellers will attempt to pull the worth again beneath $95,000, trapping the aggressive bulls. If they will pull it off, the BTC/USDT pair may take a look at the 20-day exponential shifting common ($91,391). This is a obligatory help to be careful for as a stable bounce off the 20-day EMA suggests the bullish sentiment stays intact. That will increase the chance of a break above $100,000. The pair could then attain $107,000.

This optimistic view will probably be invalidated within the quick time period if the worth turns down and breaks beneath the 20-day EMA. The pair could then tumble to the 50-day easy shifting common ($86,236).

Ether value prediction

Buyers efficiently defended Ether’s (ETH) drop to the 20-day EMA ($1,757) on April 30, signaling demand at decrease ranges.

Price predictions 5/2: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX
ETH/USDT day by day chart. Source: Cointelegraph/TradingView

The regularly upsloping 20-day EMA and the RSI within the constructive territory point out a slight edge to the bulls. If the worth maintains above $1,857, the ETH/USDT pair may climb to the breakdown stage of $2,111. There is minor resistance at $1,957, however that’s more likely to be crossed.

This constructive view will probably be invalidated within the close to time period if the worth turns down and plunges beneath the shifting averages. That may pull the pair right down to $1,537, which is predicted to draw patrons.

XRP value prediction

The bulls have managed to maintain XRP (XRP) above the shifting averages, however the bounce lacks energy.

Price predictions 5/2: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX
XRP/USDT day by day chart. Source: Cointelegraph/TradingView

The flattening 20-day EMA ($2.17) and the RSI simply above the midpoint don’t give a transparent benefit both to the bulls or the bears. Buyers will seize management on a break and shut above the resistance line. That clears the trail for a rally to $3.

On the opposite, a break and shut beneath the shifting averages may sink the XRP/USDT pair to the stable help at $2. This is a important stage to keep watch over as a result of a break beneath $2 may pull the pair to $1.61.

BNB value prediction

BNB (BNB) is witnessing a seesaw battle between the bulls and the bears on the shifting averages.

Price predictions 5/2: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX
BNB/USDT day by day chart. Source: Cointelegraph/TradingView

If the worth maintains beneath the shifting averages, the BNB/USDT pair may hunch to $576 and later to $566. Buyers are anticipated to vigorously defend the $566 stage as a result of a break beneath it might sink the pair to $520.

The bulls must push the worth above $620 to sign energy. The pair may then rise to $644, which is more likely to act as a robust resistance. If patrons bulldoze their method by, the pair may surge to $680.

Solana value prediction

Solana (SOL) continues to face promoting on the $153 stage, however a constructive signal is that the bulls haven’t ceded a lot floor to the bears.

Price predictions 5/2: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX
SOL/USDT day by day chart. Source: Cointelegraph/TradingView

The upsloping 20-day EMA ($142) and the RSI within the constructive zone counsel that the trail of least resistance is to the upside. If patrons push and keep the worth above $153, the SOL/USDT pair may rally to $180.

Contrary to this assumption, if the worth turns down sharply and breaks beneath the 20-day EMA, it suggests revenue reserving by the short-term bulls. The pair may then hunch to the 50-day SMA ($132).

Dogecoin value prediction

Dogecoin (DOGE) rebounded off the shifting averages on May 1, indicating that the bulls are attempting to maintain the worth contained in the higher half of the vary.

Price predictions 5/2: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX
DOGE/USDT day by day chart. Source: Cointelegraph/TradingView

The bulls will try to push the worth to the high quality at $0.21, which is a important near-term resistance stage to be careful for. If patrons pierce the $0.21 stage, the DOGE/USDT pair will full a double-bottom sample. That may begin a transfer to $0.25 after which to the sample goal of $0.28.

Contrarily, a break and shut beneath the shifting averages opens the doorways for a fall to the help of the vary at $0.14. Buyers are anticipated to defend the $0.14 stage with all their would possibly as a result of a break beneath it might sink the pair to $0.10.

Cardano value prediction

Buyers purchased the dip to the shifting averages in Cardano (ADA), however the failure to construct upon the rebound suggests a scarcity of demand at larger ranges.

Price predictions 5/2: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX
ADA/USDT day by day chart. Source: Cointelegraph/TradingView

Buyers must drive the worth above the $0.75 resistance to realize the higher hand. If they do this, the ADA/USDT pair may rally to $0.83. Sellers will attempt to halt the up transfer at $0.83, but when the bulls prevail, the pair may attain $1.

On the draw back, a break and shut beneath the shifting averages tilts the short-term benefit in favor of the bears. The pair may slide to $0.58, the place the patrons are anticipated to step in. 

Related: Moon soon? XRP’s strongest spot premium aligns with 70% rally setup

Sui value prediction

Buyers pushed Sui (SUI) towards the $3.90 overhead resistance on May 1, however the lengthy wick on the candlestick reveals that bears are aggressively defending the extent.

Price predictions 5/2: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX
SUI/USDT day by day chart. Source: Cointelegraph/TradingView

The first help on the draw back is $3.27, after which the 20-day EMA ($3.01). If the worth rebounds off the 20-day EMA with energy, the bulls will once more attempt to drive the SUI/USDT pair above $3.90. If they handle to do this, the pair may rally to $4.25 and subsequently to $5.

Instead, if the worth breaks beneath the 20-day EMA, it means that the bulls have given up. The pair could hunch to the stable help at $2.86. If the worth rebounds off the $2.86 help, the pair could type a variety.

Chainlink value prediction

Chainlink (LINK) turned up from the shifting averages on May 1, indicating that the sentiment stays constructive.

Price predictions 5/2: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX
LINK/USDT day by day chart. Source: Cointelegraph/TradingView

Buyers will attempt to push the worth above the $16 overhead resistance and problem the resistance line of the descending channel sample. Sellers are anticipated to fiercely defend the resistance line as a result of a break and shut above it alerts a possible pattern change.

If the worth turns down from the overhead resistance and breaks beneath the shifting averages, it suggests promoting on rallies. The LINK/USDT pair could drop to $11.68, extending its keep contained in the channel for some extra time.

Avalanche value prediction

Avalanche (AVAX) bounced off the 20-day EMA ($20.89) on May 1, indicating that the bulls are shopping for on dips.  

Price predictions 5/2: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX
AVAX/USDT day by day chart. Source: Cointelegraph/TradingView

Buyers will attempt to propel the worth above the $23.50 overhead resistance. If they handle to do this, the AVAX/USDT pair will full a double-bottom sample. That could begin an up transfer to $28.78 and later to the sample goal of $31.73.

The shifting averages are the essential help to be careful for. If the worth turns down from the present stage or the overhead resistance and breaks beneath the 50-day SMA ($19.79), it means that the range-bound motion could proceed for just a few extra days.

This article doesn’t comprise funding recommendation or suggestions. Every funding and buying and selling transfer entails threat, and readers ought to conduct their very own analysis when making a choice.

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