Price Prediction 5/27: BTC, ETH, XRP, BNB, SOL, DOGE, ADA

ADA trades a little above its opening price at the time of writing. Expectations of an increase are gaining more attention as its bulls claim that it will pick up momentum this week.

Whether ADA comeback will start today is a question only time will answer. Nonetheless, it is off to a good start as the majority of crypto assets in the top 100.

Most cryptocurrencies will look to overturn the previous day’s price movement. On Monday, the crypto market ended with no notable change in value despite an over 8% increase in trading volume.

Tuesday is off to a better start, as the global cryptocurrency market cap has increased slightly over the last two hours. However, the sentiment across the sector is slightly more bearish than the previous day. The fear and greed index slipped by one point, agreeing with the previous assertion.

Nonetheless, some altcoins are seeing massive buying pressure at the time of writing. CAKE opened the session at $2.42 and surged, breaking its fourteen-day high and peaking at $2.60. The asset peaked at $2.94 and is experiencing a slight decline. Its current price indicates a 17% increase.

LDO is up by over 5% since the start of the day. The significant increases in some crypto assets suggest that the bullish trend may extend to other cryptocurrencies.

BTC/USD

The one-day chart indicates that Bitcoin is experiencing notable volatility but has yet to maintain key levels. It has since hit a high of $110,789, the highest in the last four days. However, it retraced, hitting a low of $107,562. 

The chart shows that although it is struggling to surge, it has been in an ascending trend since Saturday. The relative strength index indicates that BTC is seeing a slight increase in buying volume. The slight improvement is insufficient to spark a rally. It is a constant struggle to surge, suggesting that the bears are at play.

It is not surprising as the moving average convergence divergence displayed a bearish crossing last week. Traditionally, the event may result in further price declines. The constant pressure on the $106k support may see it break in the coming days.

BTC risks slipping to $102k or lower. Conversely, a decisive flip of the $110k mark may guarantee a new ATH.

ETH/USD

Ethereum is approaching the $2,700 resistance for the second time in the last seven days. The altcoin recovered from a decline to $2,510 before rebounding and trading at $2,667 at the time of writing. 

The current day’s surge is the biggest since the massive dip on Friday. RSI suggests that the largest altcoin is seeing a notable spike in buying pressure. However, the metric is at 68, which may indicate that further price increases may be short-lived as the asset becomes overbought.

MACD is printing green signals, with the 12-day EMA halting its downward movement. It will intercept the 26-day EMA if the uptrend continues. Both indicators suggest that ETH may break above $2,700 within the next 24 hours. 

Previous price movement hints at a retest of the $2,800 barrier once the cryptocurrency breaks the highlighted mark. 

XRP/USD

XRP trades at $2.33 at the time of writing. The one-day chart shows that the altcoin remained below $2.35 for most of the last seven days. Several attempts at a breakout failed as they lost momentum.

Nonetheless, the consistent selling congestion around the highlighted mark shows that the asset may be gearing up to end the trend. Previous price movements suggest that a massive rally may send XRP as high as $2.45. 

On the other hand, a spike in selling pressure may send the altcoin below $2.30. This will not be the first time it slipped below the mark. However, it may retrace to the $2.20 support.

BNB/USD

Binance Coin attempted $700 a few hours ago but failed to break it. The altcoin trades at $689 after a slight selling congestion at $697. Nonetheless, the asset registers a new high, returning to a level not seen since February.

The $700 resistance remains strong. Previous price movement suggests that BNB may retrace after breaking it as it did on Feb. 12. Nonetheless, it surged as high as $720 following the flip.

Conversely, it risks further declines. The $660 support may be the first line of defense. Failure to defend the mark will send the altcoin as low as $640.

SOL/USD

SOL is stuck in the same trend as ADA. It saw little volatility and remained below a critical mark over the last four days. It failed to break above the $180 resistance despite several attempts. 

Previous price movement suggests that a breakout from this level may send the asset to new highs. The last time it flipped the mark, Solana attempted the $190 resistance. However, price action two weeks ago hints at notable selling congestion at $185.

The bulls defended the $170 support for most of the last seven days. However, it may lose the mark, sending it as low as $160. 

DOGE/USD

Dogecoin grapples with notable selling pressure around $0.23. It retraced a few hours ago, hitting a low of $0.21. Like ADA, the unfolding trend is one the memecoin remained locked in over the last four days.

Previous movement suggests that its constant failure to flip the highlighted mark may mean it is gearing up for a breakout. It will attempt to break the $0.238 resistance once the price rally starts. Flipping this mark will guarantee breaking above $0.24.

It risks further declines that may send it to levels not seen in two weeks. The bulls must defend the $0.220 support, as a flip may send the coin closer to $0.20.

ADA/USD

ADA remains locked in a rangebound movement amid calls for a massive run. The coin retraced to $0.74 a few hours but surged to a high of $0.77. Its current-day peak is the same as the previous day. It has failed to break above this level since Saturday. 

RSI indicates that the asset is experiencing a gradual increase in buying volume. This may favor more upside movement. The altcoin will break the $0.80 mark and attempt the $0.85 resistance in the coming days.

Nonetheless, ADA risk retracing below its short-term support at $0.72. It may dip below the $0.70 barrier.

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