As reported by Cointelegraph, the price predictions for various cryptocurrencies on June 13th include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Binance Coin (BNB), Solana (SOL), Dogecoin (DOGE), Cardano (ADA), Hyperliquid (HYPE), Sui (SUI), and Chainlink (LINK). A brief analysis of each of these digital assets gives an insight into their potential future movements.
Bitcoin’s value is now hovering around $103,000, with many investors looking for signs of future support. Despite global market uncertainty, some altcoins are finding buyers on dips. After news of Israel’s airstrikes on Iran, Bitcoin dropped below $103,000, but subsequent buying pushed the price back towards $106,000. The overall sentiment is that Bitcoin’s bottom isn’t likely to drop significantly, but substantial upward price discovery may not occur until the upcoming Federal Reserve meeting.
As for Ethereum, it declined from $2,879 and dipped below the 20-day EMA ($2,580) on Friday, implying a rejection of the breakout above $2,738. XRP, on the other hand, broke above its moving averages on Monday, but the momentum could not be maintained, leading to a close encounter with the solid $2 support level.
Other altcoins such as BNB, SOL, and DOGE are also facing similar market situations. BNB has been trading between $693 and $634, indicating an equilibrium between the supply and demand. Solana, after rising above the moving averages, could not sustain the higher levels and broke below the moving averages on June 12. Dogecoin turned down from the $0.21 level, suggesting that the price remains within the $0.26 to $0.14 range.
Cardano, Hyperliquid, Sui, and Chainlink have also experienced volatile movements. Cardano turned down from the 50-day SMA ($0.72), indicating that bears continue to sell on rallies. Hyperliquid, after breaking the $42.25 resistance, is heading towards the breakout level from the symmetrical triangle pattern. Sui turned down from the 50-day SMA ($3.55), showing that bears are aggressively defending this level. Lastly, Chainlink re-entered its descending channel pattern, suggesting active sellers at higher levels.
These predictions provide a roadmap of potential price movements but always come with risk. Investors should, therefore, conduct their own market research before making any investment decisions.
