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Ah, Bitcoin! The ever-elusive creature, flirting with its all-time high like a cat with a laser pointer. Yet, the bulls valiantly keep it above $120,000, a testament to their strength-or perhaps just their stubbornness.
Ether, on the other hand, is strutting confidently above its breakout level of $4,094, as if it just won a beauty pageant. The doors to further glory are wide open!
Bitcoin (BTC) soared above $122,000 on Monday, but the long wick on the candlestick is a clear signal: the bears are not just napping; they are on high alert, defending the sacred all-time high of $123,218 with the ferocity of a mother bear. But fear not! If buyers hold their ground, BTC might just break through and reach new heights-like a teenager finally getting their driver’s license.
Institutional investors, those wise owls of the financial world, turned positive on Wednesday, with BTC exchange-traded funds seeing a whopping $91.55 million in net inflows. And just like that, the inflows accelerated, hitting $280.69 million and $403.88 million on Thursday and Friday, respectively. Talk about a party!
BTC’s bullish vibes have spread like wildfire through the cryptocurrency sector, with several altcoins charging higher, led by the ever-dashing Ether (ETH).
BitMEX co-founder Arthur Hayes, who recently sold 2,373 ETH at a price that now seems like a distant memory ($3,507), has repurchased it all at a much higher price around $4,150. Talk about a rollercoaster ride! 🎢
Will BTC break out to a new all-time high? Will altcoins follow suit, or will they just sit on the sidelines with popcorn? Let’s dive into the charts of the top 10 cryptocurrencies and find out. 🧐
S&P 500 Index price prediction
The S&P 500 Index (SPX) dipped below the 20-day simple moving average (6,331) on Aug. 1, but the bulls, like a determined athlete, swiftly reclaimed the level on Aug. 4. 🏋️♂️
The bulls will attempt to resume their uptrend by pushing the price above the 6,427 level. If they succeed, the index could surge to 6,500 and later to 6,696. It’s like climbing a mountain, but with less oxygen and more spreadsheets.
The first sign of weakness? A break and close below the 20-day SMA. That would suggest profit-booking at higher levels, and the index may then decline to the breakout level of 6,147. Buyers are expected to defend this level with all their might, like knights protecting a castle, because a break below it signals a potential short-term top. 🏰
US Dollar Index price prediction
The US Dollar Index (DXY) is trying to find support near the moving averages, but the long wick on Monday’s candlestick shows the bears are selling on rallies like they’re at a yard sale. 🐻
If the price dips below 97.94, the bears will try to pull the index to 97.10. Buyers are expected to fiercely defend the zone between 96.37 and 97.10, because a break below it opens the doors for a drop to 95. It’s like a game of tug-of-war, but with more numbers and less mud.
On the upside, buyers will have to drive the price above 99.32 to suggest that the bears are losing their grip. The index could then climb to 100.54 and subsequently to 102. But beware! Sellers are likely to pose a strong challenge at the 102 level, like a bouncer at a club. 🕺
Bitcoin price prediction
BTC broke above the downtrend line on Sunday, and the bulls continued the momentum on Monday, reaching $122,335. It’s like watching a phoenix rise from the ashes-if the phoenix were made of digital coins.
The bears are trying to guard the all-time high of $123,218, but a positive sign is that the bulls have kept up the pressure. If they succeed, the BTC/USDT pair could skyrocket toward $135,000. 🚀
The first sign of weakness will be a break and close below the 20-day SMA ($116,795). That signals a possible range formation in the near term. Bitcoin’s price could oscillate between $111,920 and $123,218 for a while, like a pendulum stuck in a loop. The pair will signal a short-term trend reversal below $110,530.
Ether price prediction
ETH picked up momentum after breaking above $3,745 on Thursday, and the bulls cleared the overhead hurdle at $4,094 on Saturday. It’s like watching a racehorse finally break free from the starting gate!
The bears are unlikely to give up easily and will try to pull the price back below $4,094. If they manage to do that, the ETH/USDT pair could plummet to the 20-day SMA ($3,793). A solid bounce off the 20-day SMA indicates a positive sentiment, increasing the likelihood of the continuation of the up move toward $4,868. 🏆
Sellers will have to sink Ether’s price below the 20-day SMA to gain the upper hand. A short-term trend reversal will be signaled on a break below $3,350. It’s like a game of chess, but with more volatility and fewer pawns.
XRP price prediction
XRP (XRP) turned up from $2.90 on Wednesday and surged above the 20-day SMA ($3.10) on Thursday. It’s like watching a soap opera-full of drama and unexpected twists!
The bears stalled the up move at $3.38 on Friday, but a positive sign is that the bulls have not allowed the price to dip back below the 20-day SMA. If the price rises above $3.38, the XRP/USDT pair could march toward $3.66. Sellers are expected to aggressively defend the $3.66 level, but if the bulls have their way, the rally could extend to $4 and later to $4.50. 🥳
On the contrary, if the price continues lower and breaks below the 20-day SMA, it signals that the bears remain active at higher levels. XRP price could then tumble to the 50-day SMA ($2.81). It’s like a rollercoaster ride, but without the safety harness.
BNB price prediction
BNB (BNB) has held above the $794 level for the past two days, but the bulls are struggling to sustain the price above $815. It’s like trying to balance on a tightrope-one misstep and it’s all over!
The upsloping moving averages and the RSI in the positive zone indicate that bulls have an edge. If the price rebounds off $794 and rises above $828, the BNB/USDT pair could soar to $861. But if the price turns down and breaks below the 20-day SMA ($785), it suggests profit booking at higher levels. BNB price may then plummet to the solid support at $732, where the buyers are expected to step in like superheroes. 🦸♂️
Solana price prediction
Solana (SOL) pierced the 20-day SMA ($176) on Saturday and reached the overhead resistance at $185. It’s like a game of leapfrog, but with more stakes!
The bulls will try to push the price above $185 and gain the upper hand. If they do that, the SOL/USDT pair could climb to $195 and later to $209. Sellers are expected to mount a strong defense at $209, like a fortress under siege.
Conversely, a break below the 20-day SMA signals that the bears are aggressively defending the $185 level. Solana’s price could then drop to the 50-day SMA ($166) and later to the solid support at $155. It’s like a game of chess, but with more drama and fewer pawns.
Dogecoin price prediction
Dogecoin (DOGE) rose above the 20-day SMA ($0.22) on Friday, but the bulls are struggling to push the price to $0.26. It’s like watching a puppy trying to climb a staircase-adorable but a bit clumsy!
If the price turns down and slips below the 20-day SMA, the DOGE/USDT pair could descend to the 50-day SMA ($0.20). That suggests a consolidation between $0.25 and $0.19 for some time. If the price bounces off the 20-day SMA and breaks above $0.25, DOGE could rally to $0.29. On the downside, a break below $0.19 could sink the pair to $0.16 and eventually to $0.14. It’s like a game of musical chairs, but with more barking.
Cardano price prediction
Cardano (ADA) rose above the 20-day SMA ($0.77) on Friday, indicating that the buyers are making a comeback. It’s like a superhero returning from a long vacation!
Sellers tried to pull the price below the 20-day SMA on Sunday, but the bulls held their ground. The bounce off the 20-day SMA on Monday met with selling pressure at higher levels. A break and close below the 20-day SMA weakens the bullish momentum. Cardano’s price may then descend to the 50-day SMA ($0.71). 🥴
Buyers will be back in the driver’s seat if they drive the ADA/USDT pair above $0.86. That opens the gates for a rally to $0.94. It’s like a race to the finish line, but with more twists and turns!
Hyperliquid price prediction
Hyperliquid (HYPE) has rebounded in the past few days, indicating aggressive buying at lower levels. It’s like a phoenix rising from the ashes-if the phoenix were made of digital coins!
The HYPE/USDT pair is witnessing a tough battle between the bulls and the bears at the support line of the ascending channel pattern. If the price turns down from the support line, the HYPE price could drop to the moving averages. A bounce off the moving averages increases the likelihood of a rally to $50 and, after that, to $62.50. It’s like a tug-of-war, but with more stakes!
Alternatively, a break and close below the moving averages suggests that the bears are trying to seize control. The pair may then slump to $35.50. It’s like a game of chess, but with more drama and fewer pawns.
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2025-08-11 20:31