The Cointelegraph article titled "Price Predictions 6/6: $BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, SUI, LINK" provides a technical analysis of major cryptocurrencies as of June 6, 2025. Here's a concise summary of the key insights:
Bitcoin (BTC)
Current Trend: After dipping to $100,000, BTC rebounded above $105,000, indicating strong buying interest at lower levels.
Resistance Levels: Facing resistance at the 20-day EMA (~$104,934) and a significant zone between $109,588 and $111,980.
Support Levels: If the price falls below $100,000, it could decline further to around $93,000.
Investor Sentiment: Positive indicators like the Hash Ribbons metric suggest potential for long-term gains.
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Ethereum (ETH)
Current Trend: ETH slipped below the 20-day EMA ($2,515), indicating short-term profit-taking.
Trading Range: Likely to oscillate between $2,323 and $2,738 in the near term.
Breakout Potential: A close above $2,738 could pave the way to $3,000 and possibly $3,153.
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Ripple (XRP)
Current Trend: XRP is approaching key support at $2 after declining from recent highs.
Support Levels: A break below $2 could lead to further drops to $1.61 or even $1.27.
Resistance Levels: To regain momentum, XRP needs to surpass $2.65.
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Binance Coin (BNB)
Current Trend: BNB fell below the 20-day EMA ($657) and is testing the 50-day SMA ($636).
Support Levels: A drop below the 50-day SMA could see prices decline to $580.
Resistance Levels: Reclaiming the 20-day EMA is crucial for bullish momentum.
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Solana (SOL)
Current Trend: SOL dipped below the 20-day EMA ($165) but found support at the 50-day SMA ($157).
Resistance Levels: A move above the 20-day EMA could lead to a rally towards $188.
Support Levels: If the 50-day SMA fails, SOL might drop to $140.
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Dogecoin (DOGE)
Current Trend: DOGE is trading below the 20-day EMA ($0.18), indicating bearish pressure.
Support Levels: Key support lies at $0.16; a break below could lead to $0.14.
Resistance Levels: A close above the 20-day EMA may signal a potential uptrend.
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Cardano (ADA)
Current Trend: ADA is attempting to rise above the 50-day SMA ($0.66).
Resistance Levels: A successful breakout could target $0.74 and then $0.90.
Support Levels: Failure to maintain above the 20-day EMA ($0.56) might see a decline to $0.44.
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HYPE, SUI, and LINK
HYPE: No specific analysis provided in the article.
SUI: Details are limited; however, it's implied that SUI is experiencing similar market dynamics as other altcoins.
Chainlink (LINK): While not detailed in this article, previous analyses suggest LINK is poised for significant growth, with some community members expressing strong bullish sentiments for 2025.
June 6, 2025.
