#squarecreator - Price Predictions for May 7: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX

The rebound of Bitcoin from the lows increases the possibility of a rally towards 100,000 dollars.

BNB Price Prediction

The failure of bears to keep BNB below the moving averages indicates demand at lower levels.

Bulls will need to try to overcome the barrier at 620 dollars to clear the way for a rally to the strong upper resistance at 644 dollars. Sellers will attempt to halt the recovery at 644 dollars, but if bulls prevail, the next target could be 680 dollars.

This positive outlook will be invalidated in the short term if the BNB/USDT pair turns downwards and breaks below the support at 576 dollars. That increases the risk of a drop to 520 dollars. Buyers are expected to aggressively defend the 500 to 520 dollar zone.

XRP Price Prediction.

It fell below the moving averages on May 4, but bears could not push the price down to the 2 dollar support.

The flat moving averages and the RSI just below the midpoint suggest that the XRP/USDT pair may remain trapped between the resistance line and the 2 dollar support for some time.

A breakout and close above the resistance line signals a potential trend change. The pair could then rise towards 3 dollars. Conversely, a breakout and close below 2 dollars opens the doors for a collapse to the support zone of 1.72 to 1.61 dollars.