Price predictions 6/4: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK

Okay, here's the improved version of the article, focusing on clarity, flow, and removing potential promotional language while keeping the core information and the placeholders intact.

Key points:

• Bitcoin faces potential downside risk towards $100,000, although the overall long-term outlook remains positive.
• Attention is shifting to selected altcoins, many of which are poised to break through key overhead resistance levels.

Bitcoin (BTC) is currently trading around the $105,000 mark. However, the inability of buyers to maintain upward momentum after the bounce on June 3rd suggests weakening demand at these higher price points. Analysts are suggesting a possible retracement for Bitcoin, potentially testing the significant psychological support level of $100,000.

Analyst Willy Woo has noted that while buying Bitcoin at six-figure prices might not be ideal in the immediate future, it could prove to be "one of the best investments you'll see in your investment career" over the next decade.

Crypto market data daily view. Source: Coin360

Another positive perspective comes from Sygnum Bank. Their Monthly Investment Outlook highlights that increased institutional adoption and the proliferation of Bitcoin acquisition vehicles have led to a 30% reduction in Bitcoin's liquid supply. This could create "conditions for demand shocks and upside volatility."

Could Bitcoin indeed fall to $100,000, potentially dragging altcoins down with it? Let's examine the charts of the top 10 cryptocurrencies to gain insights.

Bitcoin Price Prediction

Bitcoin is currently experiencing a tug-of-war between buyers and sellers near the 20-day exponential moving average (EMA), which sits at $105,347.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

Buyers will gain a stronger position if they can successfully push and hold the price above $106,800. This would pave the way for a potential rally toward the $109,588 to $111,980 resistance zone. Sellers are likely to defend this zone vigorously, as a breakout above it could propel the BTC/USDT pair toward $130,000.

Conversely, sellers need to achieve a daily close below the $103,000 support level to prevent further upside. If successful, the pair could decline towards the critical $100,000 support.

Ether Price Prediction

Ether (ETH) rebounded from the 20-day EMA ($2,528) on June 2nd, indicating continued positive sentiment and buyers capitalizing on dips.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

Buyers will attempt to strengthen their position by driving the price above the $2,738 resistance. A successful break could lead to a rally towards $3,000, and potentially $3,153.

The window of opportunity for sellers is narrowing. If they aim to regain control, they must aggressively defend the $2,738 resistance and force the price below the 20-day EMA. This could lead to a decline towards $2,323.

XRP Price Prediction

XRP (XRP) has advanced to the moving averages, where buyers are anticipated to encounter selling pressure from sellers.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

If the price reverses sharply from the moving averages, the XRP/USDT pair could decline towards the likely support level at $2. A strong bounce from $2 would suggest a continuation of the current range-bound trading.

Alternatively, if buyers manage to push the price above the moving averages, the pair could rally towards the $2.65 resistance. Sellers will likely defend this level, but if buyers prevail, the pair could advance to $3.

BNB Price Prediction

BNB (BNB) rose and closed above the 20-day EMA ($661) on June 1st. Sellers attempted to push the price back below the 20-day EMA on June 3rd, but buyers successfully defended the level.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

The BNB/USDT pair could rally towards $693, which is likely to present a significant challenge. If buyers maintain momentum and break through $693, the pair could potentially rise to $732, and eventually $761.

Conversely, if the price reverses sharply from $693 and breaks below the 20-day EMA, it would suggest possible range-bound trading in the short term. The pair may fluctuate between $634 and $693 for a period.

Solana Price Prediction

Buyers attempted to push Solana (SOL) above the 20-day EMA ($163) on June 3rd, but sellers held their ground.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

A slight positive for buyers is that they have prevented the price from falling below the $153 support. Buyers will again attempt to push the price above the 20-day EMA, potentially opening the way for a rally to $185.

However, if the price reverses from the 20-day EMA once again, it increases the risk of a break below the $153 support. The SOL/USDT pair may decline to $140 and subsequently to $133.

Dogecoin Price Prediction

Dogecoin (DOGE) has been holding near the 50-day simple moving average ($0.19), suggesting a lack of strong selling at lower levels.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

Buyers will attempt to push the price above the moving averages. If they succeed, the DOGE/USDT pair could rally to $0.23 and then to $0.26. Buyers must overcome the barrier at $0.26 to signal the beginning of a new upward trend.

Conversely, if the price reverses sharply from the 20-day EMA ($0.20), it indicates that sellers are active at higher levels. This increases the risk of a drop to the $0.16 to $0.14 support zone.

Cardano Price Prediction

Cardano (ADA) is finding support near $0.64, but buyers have been unable to push the price above the moving averages.

ADA/USDT daily chart. Source: Cointelegraph/TradingView

If the price reverses from the moving averages, sellers will attempt to push the ADA/USDT pair below the $0.64 support. If they succeed, the pair could fall to the crucial support at $0.50.

Instead, if the price breaks above the moving averages, it signals buying at lower levels. The pair could reach the downtrend line, which is a key level to watch. Buyers will need to push the price above the downtrend line to open the way for a rally to $0.86 and later to $1.01.

Sui Price Prediction

Buyers have been unable to push Sui (SUI) back above the 50-day SMA ($3.40) in recent days, with traders selling on rallies.

SUI/USDT daily chart. Source: Cointelegraph/TradingView

The moving averages are on the verge of a bearish crossover, and the relative strength index (RSI) is in negative territory, indicating an advantage for sellers. A break and close below $3.05 could cause the SUI/USDT pair to decline to $2.86.

This negative outlook would be invalidated in the short term if buyers push the price above the moving averages. If they succeed, the pair could advance toward the $3.90 to $4.25 resistance zone.

Hyperliquid Price Prediction

Buyers pushed Hyperliquid (HYPE) above the $35.73 resistance on June 2nd, indicating strong buying on dips.

HYPE/USDT daily chart. Source: Cointelegraph/TradingView

Sellers attempted to push the price back below $35.73 on June 3rd, but buyers held their ground. Buyers will try to push the price above $40, challenging the strong resistance at $42.50. If the $42.50 level is broken, the HYPE/USDT pair could rise to $50.

The 20-day EMA ($32.33) is a key support level to watch on the downside. A break and close below the 20-day EMA would be the first sign of profit-taking by short-term buyers. The pair could slide to $30.59 and then to $28.50.

Chainlink Price Prediction

Chainlink (LINK) turned up from the $13.20 support on May 31st, but buyers continue to face selling near the resistance line of the descending channel pattern.

LINK/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day EMA ($14.90) has started to turn down, and the RSI is in the negative zone, indicating that sellers have a slight advantage. Buyers will need to break through the resistance line to gain control. The LINK/USDT pair could then climb to $18, where sellers are expected to mount a strong defense.

Sellers are likely to have different plans. They will try to push the price below the $13.20 support. If they succeed, the pair may remain within the channel for a longer period.

Disclaimer: This article does not constitute investment advice or recommendations. All investments and trading involve risk, and readers should conduct thorough research before making any decisions.