Market Highlights
Bitcoin faces resistance near $107,000 but finds strong buyer interest at lower levels.
Institutional accumulation continues as Strategy (formerly MicroStrategy) and Metaplanet add to their BTC holdings.
Several altcoins are consolidating, with no clear breakdowns yet, indicating cautious optimism.
S&P 500 Index (SPX)
The S&P 500 extended its gains last week, reflecting persistent bullish sentiment. The uptrend remains intact, supported by a rising 20-day EMA (5,712) and an RSI near overbought territory.
Key resistance lies between 6,000 and 6,147. A pullback may find support at 5,800, and then at the 20-day EMA. A close below the EMA could weaken bullish momentum.
US Dollar Index (DXY)
The relief rally stalled at the 50-day SMA (101.67) on May 12, suggesting sellers are active on rallies.
Support sits at 100.27—a rebound from here could reignite bullish efforts toward 103.54. A close below 100.27 may expose the 99.00 level.
Bitcoin (BTC)
Bitcoin broke above $105,820 on May 18 but was met with heavy selling near $107,000–$109,588.
However, long-tail candlesticks indicate strong buying on dips. The 20-day EMA ($100,787) remains a critical support level.
Bullish scenario: A rebound off support could launch BTC toward $130,000.
Bearish risk: A sustained drop below $100,000 may drag the price to the 50-day SMA ($91,916).
Strategy added 7,390 BTC, and Metaplanet acquired 1,004 BTC, bolstering long-term demand.
Ethereum (ETH)
ETH bounced off the 20-day EMA ($2,288) but failed to break past $2,600.
Bulls aim to breach $2,738, which could pave the way to $3,000, with minor resistance at $2,850.
A close below the 20-day EMA may shift control back to sellers, possibly leading to $2,111.
XRP
XRP remains in a sideways range between $2.00 and $2.65, with buying near support and selling at resistance.
Bulls need a close above $2.65 to target $3.00. A drop below the 20-day EMA ($2.34) could prolong the choppy consolidation.
BNB
BNB rebounded from the 20-day EMA ($635) but faced selling pressure at higher levels.
Sustaining above $644 may spark a rally toward $680 and then $745.
If the price dips below the 20-day EMA, a decline to the 50-day SMA ($606) and $580 is likely.
Solana (SOL)
SOL bounced from the 20-day EMA ($163) but couldn’t surpass $180.
A drop below the 20-day EMA may send it to $153, then $143, suggesting a possible range between $180 and $120.
To regain control, bulls must push SOL above $185, targeting $210–$220.
Dogecoin (DOGE)
DOGE found support at $0.21 but lacks follow-through.
Bearish break: Below $0.21 could test the 50-day SMA ($0.18) and signal a range between $0.14–$0.26.
Bullish move: Above $0.26 opens potential for a run to $0.30, and possibly $0.35.
Sui (SUI)
SUI’s bounce off the 20-day EMA ($3.67) was capped by resistance at $3.90–$4.25.
A breakdown below the 20-day EMA may trigger a slide to $3.12 and the 50-day SMA ($2.97).
A strong bounce above $4.25 would set the stage for a rally to $5.00, with resistance looming at $5.37 (ATH).
