Price Prediction 6/19: BTC, ETH, BNB, XRP, SOL, HYPE, DOGE

SOL is grappling with another round of selloff. It dropped below $70 as predicted and trades at $68 at the time of writing.

It is off to a rocky start on Friday. Solana and the rest of the market quickly moved past the drop in initial jobless claims as bigger news made the rounds.

A few days ago, investors were thrilled by the prospect that the conflict in the Middle East was coming to an end. However, SOL and other cryptocurrencies retraced following the talks’ breakdown.

The crypto market has since shed over 2%, but the selling is slowing down at the time of writing. Nonetheless, traders are yet to move past the recent fundamentals. There is growing uncertainty about next price action, and traders are more cautious.

Amid the bearish sentiment, Audiera attempted a significant pullback. It has been declining as predicted but pulled back 12% in the last 24 hours. DEXE follows closely behind with an 11% surge during the same period.

With growing uncertainty across the market, it becomes harder to predict next price action based on sentiment. However, the charts provide a little insight. Let’s see how assets in the top 10 will perform in the coming days.

BTC/USD

Bitcoin is off to a rocky start on Friday, down by a few percent. It also posted losses exceeding 2% on Thursday following the sudden shift in momentum.

It is yet to post significant gains since Tuesday. A red close to the current session will see it mark the fourth consecutive red. However, the 1-day chart suggests a slim chance the asset will surge in the next 24 hours.

BTC is trading a few thousand dollars from established support, reducing the likelihood of a strong rebound. Additionally, indicators are flipping bearish on this scale.

Nonetheless, the 4-hour chart shows selling is slowing down. The last three candles were some of the smallest. On a closer inspection, the asset posted higher lows, but is struggling to flip the highs. The apex coin is forming a contracting pattern, indicating an impending breakout.

If fundamentals remain the same, the asset may continue ranging. However, it will expand the barriers. Previous price movements suggest that it may bounce between $63,700 and $62,300.

The bulls must maintain the short-term support; if it breaks, the asset will retest $61k. Conversely, the Bollinger bands indicate that it may break above $64k.

ETH/USD

Ethereum is also grappling with notable selling pressure at the time of writing. It wasn’t exempt from the previous day’s downtrend, shedding over 3% at some point. While it pulled back some of the losses, it closed with significant losses.

The downtrend is ongoing, but the 4-hour chart suggests an impending reversal. ETH retraced below bollinger’s lower band a few hours ago. It maintained trading within the indicator for almost two weeks. If it continues the trend, a rebound is likely.

However, previous price movement favors further descent. The asset may drop to $1,650 before any strong rebound. It is also important for the bulls to maintain this support, as losing it will send the altcoin below $1,600.

BNB/USD

BNB is trading at a critical level; it must rebound in the coming hours, as failure could result in a slip to $550. Nonetheless, the relative strength index suggests an increased chance of a rebound. The metric slipped below 30, indicating that the asset is oversold.

Looking back, it has been on a decline for most of the week, like SOL. The weekend may provide short-term relief as the coin will likely be range-bound. Aside from RSI’s reading, the pivot point standard also supports claims of an impending rebound.

BNB is approaching the second pivot support. It may hover around this mark over the next two days.

XRP/USD

XRP recently bounced off the first pivot support, ending its downtrend. The previous day was the most bearish of the week, resulting in the altcoin posting losses exceeding 3%.

With selling slowing and bulls currently putting up a fight, it may see further increases in the coming days. However, the 4-hour chart shows that the uptrend hinges on the asset maintaining S1. If it fails, it may drop below $1.10.

Conversely, it may remain rangebound over the weekend, trending between the lower S1 and the pivot point. RSI supports this assertion as it shows that the asset is almost oversold.

SOL/USD

SOL is currently struggling to keep prices above $68. Interestingly, this is the pivot point, suggesting notable demand concentration. Nonetheless, the altcoin is trading at a critical level; if it loses P, a drop below $66 is likely. The pivot point standard moves the target lower, favoring a slip to S1.

However, if the level holds, it may become rangebound, trending between $68 and $70. It is worth noting that the chances of a breakout are slim; it is not zero. Per the PPS, the next key level is R1 at $74.

The relative strength index shows growing buying pressure. It remains to be seen if it will be enough to force a surge to first pivot resistance.

HYPE/USD

Hyperliquid rebounded at a short-term support a few hours ago. Interestingly, it was also bollinger’s lower band. Since its rebound, it surged, testing the middle band but faced notable rejection.

The moving average convergence divergence suggests that the upward momentum may resume in the coming hours. The histogram associated with the metric currently prints smaller bars, and the 12 and 26 EMA are edging closer to a crossover.

If price plays out as predicted, HYPE will continue its climb, retesting bollinger’s upper at $76.

DOGE/USD

MACD suggests that DOGE will experience notable increases over the weekend. The gap between the 12 and 26 is narrowing, indicating an impending bullish crossover.  If current sentiment remains the same, the memecoin will reclaim $0.085.

Like SOL, it’s been in a downtrend for most of the week. However, it recently rebounded at bollinger’s lower band. Following the bounce, it may surge to retest the middle band.

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