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

Key Points:

• Bitcoin's price trend suggests a potential rise towards $100,000, but significant selling pressure from bears is anticipated at this level.
• Altcoins are currently trading above key support levels, hinting at a possible altcoin rally.

Bitcoin (BTC) recently broke above the $95,000 resistance on May 1st, signaling bullish momentum. The next target for buyers is the psychologically significant $100,000 mark, where a significant battle between bulls and bears is expected. Veteran trader Peter Brandt has suggested a potential rally to $125,000-$150,000 by August or September 2025, assuming Bitcoin reclaims its previous parabolic trajectory. However, he also cautioned that this could be followed by a substantial correction exceeding 50%.

Onchain analytics firm Glassnode warns that long-term holders (LTHs) might realize profits as Bitcoin approaches $100,000. They typically take profits when their profit margin reaches 350%, a level projected to be hit around $99,900. Substantial buying pressure will be needed to overcome this potential selling pressure and sustain the upward momentum.

Could Bitcoin's potential surge above $100,000 lift select altcoins? Let's examine the charts of the top 10 cryptocurrencies.

Bitcoin Price Prediction:

Bitcoin's break above $95,000 favors buyers, but sellers are unlikely to surrender easily. They will likely attempt to push the price back below $95,000, potentially trapping bullish traders. A successful pullback could test the 20-day exponential moving average ($91,391). A strong bounce from this level would reaffirm bullish sentiment and increase the probability of a move above $100,000, potentially reaching $107,000. Conversely, a break below the 20-day EMA would invalidate this bullish outlook, potentially leading to a drop towards the 50-day simple moving average ($86,236).

Ether Price Prediction:

Buyers successfully defended Ether (ETH) at the 20-day EMA ($1,757) on April 30th, indicating buying interest at lower levels. The upward-sloping 20-day EMA and a positive RSI suggest a slight bullish advantage. Sustaining above $1,857 could propel ETH/USDT towards the previous breakdown level of $2,111, with minor resistance at $1,957. A break below the moving averages would negate this positive outlook, potentially leading to a drop to $1,537, a level anticipated to attract buyers.

XRP Price Prediction:

While XRP (XRP) remains above its moving averages, the bounce lacks significant strength. A relatively flat 20-day EMA ($2.17) and an RSI near the midpoint suggest neither bulls nor bears have a clear advantage. A decisive break and close above the resistance line is needed for buyers to gain control and potentially rally to $3. Conversely, a break below the moving averages could trigger a drop to the $2 support level; a break below this could lead to a further decline to $1.61.

BNB Price Prediction:

BNB (BNB) is currently experiencing a tug-of-war between bulls and bears around the moving averages. Remaining below these averages could result in a decline to $576 and potentially $566. The $566 level is expected to see strong buyer support; a break below this could lead to a drop to $520. Bulls need to push the price above $620 to demonstrate strength, potentially leading to a rise to $644 (strong resistance) and potentially further to $680.

Solana Price Prediction:

Solana (SOL) continues to face selling pressure at $153, though bulls haven't significantly ceded ground. The upward-sloping 20-day EMA ($142) and a positive RSI suggest an upward bias. Maintaining above $153 could lead to a rally to $180. Conversely, a sharp drop below the 20-day EMA could indicate profit-taking, potentially resulting in a decline to the 50-day SMA ($132).

Dogecoin Price Prediction:

Dogecoin (DOGE) rebounded from its moving averages on May 1st, suggesting bullish attempts to maintain the price within the upper half of its trading range. A push above the $0.21 resistance is key; success would complete a double-bottom pattern, potentially leading to a move to $0.25 and then $0.28. A break below the moving averages could lead to a drop to the range support at $0.14; a break below this could trigger a decline to $0.10.

Cardano Price Prediction:

While buyers supported Cardano (ADA) at the moving averages, the lack of sustained upward momentum suggests weak demand at higher levels. Breaking above the $0.75 resistance is crucial for buyers to gain the upper hand, potentially leading to a rally to $0.83 and possibly $1. A break below the moving averages would favor bears, potentially leading to a drop to $0.58, where buying interest is anticipated.

Sui Price Prediction:

Sui (SUI) encountered strong selling pressure near the $3.90 resistance on May 1st, as indicated by the long upper wick. Support levels are at $3.27 and the 20-day EMA ($3.01). A strong rebound from the 20-day EMA could lead to another attempt to break above $3.90, potentially leading to a rise to $4.25 and then $5. Breaking below the 20-day EMA suggests weakening bullish momentum, potentially leading to a decline to $2.86.

Chainlink Price Prediction:

Chainlink (LINK) bounced off its moving averages on May 1st, signaling positive sentiment. Buyers will aim to break above the $16 resistance and challenge the resistance line of a descending channel pattern. A break above this line would signal a potential trend reversal. Conversely, a reversal from the resistance and a break below the moving averages would suggest selling pressure, potentially leading to a drop to $11.68.

Avalanche Price Prediction:

Avalanche (AVAX) rebounded from the 20-day EMA ($20.89) on May 1st, indicating buying on dips. Buyers will attempt to push the price above the $23.50 resistance, completing a double-bottom pattern that could lead to a rise to $28.78 and potentially $31.73. A break below the 50-day SMA ($19.79) suggests the price may remain range-bound.

This article does not provide investment advice or recommendations. All investment and trading decisions involve risk, and readers should conduct their own thorough research before making any investment decisions.