Bitcoin, Altcoin Relief Rally Aim To Restore Pre-crash Range Highs

Key points:

• Bitcoin is attempting a comeback, which is expected to face stiff resistance at the breakdown level of $74,508.

• Several major altcoins are attempting a recovery, signaling that lower levels are attracting buyers.

Bitcoin (BTC) has risen above $68,500, as buyers attempt to form a higher low near $65,000. According to Glassnode, BTC is stuck between the true market mean at $79,200 and the realized price near $55,000. The onchain data provider expects the range-bound action to continue until a major catalyst pushes the price either above or below the range.

Standard Chartered also had a muted forecast for BTC. It lowered BTC’s target to $100,000 from $150,000 for 2026. The bank expects BTC to fall to $50,000 over the next few months, followed by a recovery for the remainder of the year.

Several analysts also say that BTC has not yet bottomed out. Crypto analyst Tony Research said in a post on X that BTC will bottom in the $40,000 to $50,000 zone, possibly “between mid-September and late November 2026.”

Could BTC and the major altcoins start a recovery? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price prediction

BTC turned up from $65,118 on Thursday, indicating demand at lower levels. The bulls will try to push the price to the breakdown level of $74,508.

If the Bitcoin price turns down sharply from the $74,508 level, it suggests that the bears remain active at higher levels. That may keep the BTC/USDT pair between $74,508 and $60,000 for a few days. On the downside, a break below the $60,000 support may sink the pair to $52,500.

Alternatively, if buyers thrust the price above $74,508, it suggests that the selling pressure is reducing. The pair may then rally to the 50-day simple moving average (SMA) ($85,046).

Ether price prediction

Buyers are attempting to push and maintain Ether (ETH) above the $2,000 level, but the bears have kept up the pressure.

If the price turns down from the current level or the $2,111 resistance, it suggests that the bears are aggressively defending the level. The Ether price may then retest the critical support at $1,750. If the level cracks, the ETH/USDT pair may extend the decline to the next major support at $1,537.

On the upside, buyers will have to swiftly push the price above the 20-day exponential moving average (EMA) ($2,297) to signal a comeback. If they manage to do that, the pair may ascend to the 50-day SMA ($2,800).

BNB price prediction

BNB (BNB) continues to gradually slide toward the strong support at $570, which is a vital level to watch out for.

If the BNB price plunges below the $570 support, it signals the start of the next leg of the downtrend toward the psychological level of $500. 

However, the relative strength index (RSI) is in oversold territory, indicating that a relief rally is possible in the near term. If the price turns up from the current level, the bulls will attempt to push the BNB/USDT pair above the $669 level. If they can pull it off, the pair may march toward the 20-day EMA ($710).

XRP price prediction

XRP (XRP) has been clinging to the support line of the descending channel pattern, increasing the risk of a breakdown.

If that happens, the XRP price may drop to the $1.11 level. This is a critical level for the bulls to defend, as a break below it may resume the downtrend. The XRP/USDT pair may then fall to $1 and subsequently to $0.75.

Contrarily, if the price turns up from the current level and breaks above the20-day EMA ($1.55), it suggests that the pair may remain inside the channel for some more time. Buyers will have to achieve a close above the downtrend line to signal a potential trend change.

Solana price prediction

Solana (SOL) is trying to find support at the $77 level, but the bears are likely to sell on rallies.

The SOL/USDT pair may reach the breakdown level of $95, where the bears are expected to pose a strong challenge. If the price turns down sharply from the $95 level, it suggests that the bears have flipped the level into resistance. The Solana price may then plummet to the $67 level.

Conversely, if buyers push the price above the $95 level, the pair may rally to the 50-day SMA ($119). That suggests the break below the $95 level may have been a bear trap.

Dogecoin price prediction

Dogecoin (DOGE) is attempting to bounce off the $0.09 level, but the bears continue to sell on minor rallies.

If the Dogecoin price turns down and breaks below $0.09, the DOGE/USDT pair may drop to the $0.08 level. This is a crucial level for the bulls to defend, as a break below it may extend the downtrend to $0.06.

The first sign of strength will be a break and close above the 20-day EMA ($0.10). The pair may then rally to the breakdown level of $0.12, which is likely to act as stiff resistance. A break above the $0.12 level opens the doors for a rally to $0.16.

Bitcoin Cash price prediction

Bitcoin Cash (BCH) broke below the $497 support on Thursday, but the bulls failed to sustain the lower levels.

The bulls are attempting to push the price above the 20-day EMA ($536) but are expected to face significant resistance from the bears. If the price turns down from the 20-day EMA and breaks below $493, the BCH/USDT pair may plunge toward the $443 level.

On the contrary, if the price breaks and closes above the 20-day EMA, it suggests demand at lower levels. The Bitcoin Cash price may then rally to the 50-day SMA ($581), where the bears are again expected to mount a strong defense.

Related: Bitcoin open interest hits lows not seen since 2024: Is TradFi abandoning BTC?

Hyperliquid price prediction

Hyperliquid (HYPE) has risen back above the 20-day EMA ($30.18) on Thursday, indicating buying on dips.

The flattish 20-day EMA and the RSI just above the midpoint suggest a balance between supply and demand. Buyers will have to propel the Hyperliquid price above the $35.50 level to indicate that the corrective phase may have ended. The HYPE/USDT pair may then ascend to $44.

Contrary to this assumption, if the price turns down and breaks below the 50-day SMA ($27.25), it signals that the bears have an edge. The pair may then slump to the $20.82 support.

Cardano price prediction

Cardano (ADA) remains inside the descending channel pattern, indicating that the bears remain in charge.

The bears will attempt to strengthen their position by pulling the price below the support line and the $0.22 level. If they manage to do that, the ADA/USDT pair may descend to $0.20 and later to $0.15.

Instead, if the Cardano price turns up from the current level and breaks above the 20-day EMA ($0.29), it signals that the pair may remain inside the channel for some more time. Buyers will seize control on a close above the channel.

Monero price prediction

Monero (XMR) is facing resistance at the breakdown level of $360, but the bulls have not ceded much ground to the bears.

That increases the likelihood of a break above $360. If that happens, the bears will again try to halt the recovery at the 20-day EMA ($385). However, buyers are likely to have other plans. They will try to pierce the 20-day EMA, clearing the path for a rally toward the 50-day SMA ($460).

This positive view will be negated in the near term if the Monero price continues lower and breaks below $309. The XMR/USDT pair may then plummet to $276, which is likely to attract buyers.