Price predictions 6/30: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE

Key points:

• Bitcoin is facing selling near $109,000, but the shallow pullback suggests the uptrend may resume.

• BNB and HYPE are showing strength, having broken above their immediate resistance levels.

Bitcoin (BTC) has started the week on a soft note, with the bears trying to pull the price below the $107,000 level. Bitcoin remains on track for a positive monthly close in June as long as it stays above $104,600. If that happens, it will only be the second occasion since 2020 that Bitcoin has closed June in the green, per CoinGlass data.

Bitcoin’s failure to break out of the all-time high at $111,980 has not deterred investors from buying more. CoinShares data shows $2.2 billion in inflows into Bitcoin exchange-traded products last week.

In addition to steady ETF inflows, Bitcoin treasury companies continued their purchases. Michael Saylor’s Strategy revealed the acquisition of 4,980 Bitcoin at an average price of $106,801, its 11th successive week of Bitcoin purchases. Similarly, Metaplanet CEO Simon Gerovich said in a post on X that the firm bought 1,005 Bitcoin at an average price of $107,601.

Could Bitcoin stay above $106,000, or will bears pull the price below the level? How are altcoins likely to behave? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

S&P 500 Index price prediction

The S&P 500 Index bounced off the 20-day exponential moving average (6,029) on June 23, indicating a positive sentiment.

The bulls continued to buy at higher levels, pushing the price above the all-time high of 6,147 on Friday. If the price maintains above 6,147, the index could rally toward 6,500.

Sellers are likely to have other plans. They will try to pull the price back below 6,147, trapping the aggressive bulls. The index may then slide to the 20-day EMA. A strong bounce off the 20-day EMA enhances the prospects of the continuation of the uptrend. 

Conversely, a break and close below the 20-day EMA suggests profit-booking by the bulls. That may pull the price down to the 50-day simple moving average (5,827).

US Dollar Index price prediction

The US Dollar Index (DXY) broke and closed below the 97.92 support on Wednesday, indicating that the bears have overpowered the bulls.

Both moving averages are sloping down, and the RSI is near the oversold territory, indicating that bears are in control. The bulls are unlikely to give up easily and will try to push the price back above the breakdown level of 97.92. If they manage to do that, the index could rally to the 50-day SMA (99.28).

Alternatively, if the price turns down from 97.92, it suggests that the bears have flipped the level into resistance. That could resume the downtrend, pulling the price toward the 95 level.

Bitcoin price prediction

Bitcoin is facing selling at the downtrend line, but a positive sign is that the bulls have not allowed the price to skid below the moving averages.

That suggests the bulls are not hurrying to book profits as they anticipate another leg higher. The upsloping moving averages and the RSI in the positive territory indicate the path of least resistance is to the upside.

If the price breaks above the downtrend line, the BTC/USDT pair could soar to the neckline of the inverted head-and-shoulders pattern. This is a vital level for the bears to defend because a break above it signals the resumption of the uptrend.

The first sign of weakness will be a break below the moving averages. If that happens, the pair risks falling to $104,500 and then to the $100,000 support.

Ether price prediction

Ether’s (ETH) recovery is facing selling near the 50-day SMA ($2,534), indicating that the bears are active at higher levels.

Both moving averages have flattened out, and the RSI is near the midpoint, signaling a possible range-bound action in the near term. If the price skids below $2,376, the ETH/USDT pair could fall to $2,323. Buyers are expected to vigorously defend the $2,323 level because a break below it may sink the pair to $2,111. 

On the upside, a break above the 50-day SMA opens the doors for a rally to $2,738 and then to $2,879. The next trending move may begin on a break above $2,879 or below $2,111.

XRP price prediction

XRP (XRP) has been stuck inside the $2 to $2.65 range for the past several days, indicating buying near the support and selling close to the resistance.

The bulls are trying to push the price above the 50-day SMA ($2.25). If they do that, the XRP/USDT pair could attempt a rally to the top of the range at $2.65. Sellers will try to keep the price inside the range by fiercely defending the $2.65 level.

If the price turns down from the current level, it suggests that the bears are selling on every minor rally. Sellers will try to strengthen their position by pulling the price below the $2 support. If they can pull it off, the pair may fall to $1.61.

BNB price prediction

BNB (BNB) broke above the resistance line of the descending channel pattern on Sunday, suggesting that the correction may be over.

There is minor resistance at the 50-day SMA ($654), but if buyers do not allow the price to dip back into the channel, the BNB/USDT pair could surge to $675 and subsequently to $698. 

This positive view will be invalidated in the near term if the price turns down sharply and breaks below $636. That suggests the markets have rejected the break above the channel. The pair may then decline to $625.

Solana price prediction

Solana (SOL) turned up from the $140 support on Friday and rose above the 20-day EMA ($148) on Saturday.

Buyers are trying to extend the relief rally above the 50-day SMA ($158). If they manage to do that, the SOL/USDT pair could attempt a rally to the overhead resistance of $185. Sellers are expected to aggressively defend the $185 level because a break above it clears the path for a rally to $220.

The advantage will tilt in favor of the bears if they sink the price below the $!40 support. The pair may then descend to $126 and, after that, to $110.

Related: Ethereum risks 25% price drop as ‘massive whale’ moves $237M in ETH to exchanges

Dogecoin price prediction

Dogecoin (DOGE) has recovered to the 20-day EMA ($0.17), which is the first obstacle to watch out for. 

If the price turns down sharply from the 20-day EMA, the DOGE/USDT pair risks a break below the $0.14 support. If that happens, the selling could accelerate, and the pair may tumble to $0.10.

On the contrary, a break and close above the 20-day EMA suggests the pair may swing between $0.14 and $0.21 for some time. Buyers will gain strength after they propel the pair above the $0.21 overhead resistance.

Cardano price prediction

Cardano (ADA) has risen close to the 20-day EMA ($0.59), which is likely to act as a stiff resistance.

If the price turns down and breaks below $0.54, the ADA/USDT pair could tumble to the crucial support at $0.50. Buyers are expected to defend the $0.50 level with all their might because a break below it will complete a descending triangle pattern. That may start a downward move to $0.40.

On the upside, if buyers push the price above the 20-day EMA, the pair could reach the 50-day SMA ($0.67). A trend change will be signaled after buyers drive the pair above the downtrend line.

Hyperliquid price prediction

Hyperliquid (HYPE) broke above the $39.12 resistance on Sunday, indicating that the bulls are back in the game.

The HYPE/USDT pair could climb to $42.50 and then to $45.80. Sellers are expected to fiercely defend the $45.80 level, but if the bulls prevail, the pair could skyrocket to the psychological level of $50.

The first support on the downside is the 20-day EMA ($37.55) and then the 50-day SMA ($34.76). Sellers will have to pull the price below the 50-day SMA to weaken the bulls. The pair may then slump to $30.69.

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.