Price predictions 6/9: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE

Okay, here's a revised version of the article, focusing on clarity, flow, and removing potentially promotional language. The placeholders are retained.

Key Points:

• Bitcoin demonstrates early-week strength as bulls aim for new highs in both BTC and altcoins.
• While many major altcoins remain range-bound, Hyperliquid (HYPE) shows promising signs of upward momentum.

Bitcoin (BTC) has started the week positively, advancing toward the $109,588 to $111,980 resistance zone. This upward movement may be influenced by positive sentiment surrounding recent discussions.

One analyst on X noted the potential for significant price movement in Bitcoin, possibly exceeding $109,000-$110,000. They highlighted substantial short liquidations possible with a 10% price increase and long liquidations possible with a 10% price decrease.

Crypto market data daily view. Source: Coin360

While a longer-term bullish outlook prevails among many analysts, some foresee a potential short-term dip before the continuation of the uptrend. Some anticipate a pullback to $104,000 or even $101,500.

The key question is whether buyers can propel Bitcoin beyond its all-time high of $111,980, potentially driving altcoins higher as well. Let's examine the charts of the top 10 cryptocurrencies for insights.

S&P 500 Index Price Prediction

The S&P 500 Index (SPX) continued its upward trend last week, with buyers seeking to maintain momentum.

SPX daily chart. Source: Cointelegraph/TradingView

The upward-sloping 20-day exponential moving average (EMA) and the relative strength index (RSI) in positive territory suggest bullish control. Buyers will likely target the 6,147 resistance level.

However, overcoming the 6,000 to 6,147 zone may prove challenging due to potential selling pressure. A break and close below the 20-day EMA would signal weakness, potentially leading to a decline toward 5,767.

US Dollar Index Price Prediction

Buyers are attempting to initiate a recovery in the US Dollar Index (DXY), but face resistance near the 20-day EMA (99.49).

DXY daily chart. Source: Cointelegraph/TradingView

Bears will aim to push the index down to 97.92, a crucial support level. A break and close below 97.92 would indicate a resumption of the downtrend, potentially extending the decline to 95.67.

This bearish outlook would be invalidated if the price reverses and breaks above the 50-day simple moving average (100.30). In that scenario, the index could rally toward the 102 resistance level.

Bitcoin Price Prediction

Bitcoin surpassed the 20-day EMA ($105,296) and subsequently cleared the $106,794 hurdle.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

Recent price action has formed an inverse head-and-shoulders pattern, which would be confirmed with a break and close above the neckline near $112,700. If this occurs, the pair could potentially surge toward a target of $146,892.

Alternatively, if the price reverses and breaks below the 20-day EMA, it would signal bearish activity at higher levels. The BTC/USDT pair could then decline toward the $100,000 support level. A break below $100,000 could trigger a deeper pullback to $93,000.

Ether Price Prediction

Ether (ETH) has been consolidating between $2,323 and $2,738, indicating a struggle between buyers and sellers.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

If the price remains above the 20-day EMA ($2,515), the ETH/USDT pair could rally to $2,738. A breakout above this resistance could lead to further gains toward $3,000 and then $3,153.

Conversely, a sharp reversal from the current level would suggest increasing bearish pressure. A break and close below the 50-day SMA ($2,284) would favor the bears, potentially leading to a decline toward $2,111.

XRP Price Prediction

XRP (XRP) has been range-bound between $2 and $2.65, reflecting a balance between buying and selling pressure.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

The relatively flat moving averages and the RSI near the midpoint do not provide a clear directional bias. A rise above the moving averages could propel the XRP/USDT pair toward the $2.65 resistance.

However, a sharp reversal from the moving averages would likely lead to a test of the $2 support level. A successful break below $2 could trigger a retest of the $1.61 support.

BNB Price Prediction

BNB (BNB) has been oscillating between $693 and $634, indicating buying support and selling resistance at these levels.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

If buyers push the price above the 20-day EMA ($655), the BNB/USDT pair could remain within the range. A sustained move above $693 could initiate a rally toward $732.

Sellers are expected to defend the 20-day EMA. Failure to overcome this resistance could lead to a break below the $634 support, potentially triggering a decline toward $580.

Solana Price Prediction

Solana (SOL) rebounded from the $140 support, but the recovery is likely to encounter resistance at the 20-day EMA ($158).

SOL/USDT daily chart. Source: Cointelegraph/TradingView

A sharp reversal from the moving averages would likely lead to a test of the $140 support. A successful break below this level could trigger a decline toward $123 and then the $110 support.

However, a breakout above the moving averages would suggest weakening bearish control. The pair could then attempt a rally toward the $185 level.

Dogecoin Price Prediction

Dogecoin (DOGE) is finding support near $0.16, but buyers are struggling to sustain higher levels.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

The downward-sloping 20-day EMA ($0.19) and the RSI in negative territory suggest a bearish advantage. Sellers will likely try to push the price below $0.16, challenging the $0.14 support. A strong defense by buyers at $0.14 could keep the DOGE/USDT pair within the range.

Prolonged range-bound trading increases the likelihood of a significant breakout. An upward move could begin after buyers propel the pair above $0.26.

Cardano Price Prediction

Cardano’s (ADA) recovery is facing resistance near the 20-day EMA ($0.69), indicating selling pressure on rallies.

ADA/USDT daily chart. Source: Cointelegraph/TradingView

Bears will try to push the price below $0.60. If they succeed, the ADA/USDT pair could retest the $0.50 support. A break below $0.50 could lead to a decline toward $0.40.

Buyers need to push the price above the moving averages to gain strength. The pair may then climb to the downtrend line, a critical level to watch. A break and close above the downtrend line could signal the start of a new uptrend toward $1.02.

Hyperliquid Price Prediction

Hyperliquid (HYPE) broke above the symmetrical triangle pattern, suggesting that the previous uncertainty has resolved to the upside.

HYPE/USDT daily chart. Source: Cointelegraph/TradingView

If buyers maintain the price above the triangle, the HYPE/USDT pair could gain momentum and surge toward $42.50. While resistance exists at $40, it is likely to be overcome. Sellers will attempt to halt the upward movement at $42.50, but if buyers prevail, the pair could rally toward a pattern target of $46.50.

This bullish outlook would be negated if the price reverses sharply and breaks below the triangle, suggesting a potential bull trap. The pair could then decline to $30.50 and subsequently to $28.50.

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.