Crypto Market Analysis 1/28: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, BCH, HYPE, XMR Price Forecasts
As the US dollar index declined and gold reached record levels, Bitcoin surged past $90,000 with traders preparing for the FOMC announcement. Could the anticipated rate decision fuel further gains in BTC and altcoin markets?
Key points:
- The $90,500 level presents resistance for Bitcoin, though bulls continue maintaining upward momentum.
- Multiple leading altcoins are showing signs of recovery attempts, though resistance at elevated levels remains anticipated.
Bears are working to keep Bitcoin (BTC) trading beneath the $90,500 threshold, yet bullish forces remain persistent. In a CNBC appearance, Fundstrat managing partner Tom Lee indicated that a weakening dollar should support cryptocurrency prices, though market participants have instead been accumulating gold and silver positions. According to Lee, crypto assets are positioned to gain momentum once the precious metals rally experiences a pause.
In a post shared on X, market intelligence platform Santiment noted that social media conversations throughout most of this month have favored silver and gold over cryptocurrencies. Platform analysts observed that retail market participants appear willing to shift between sectors "based on wherever the latest pumps appear."
Nevertheless, bulls have reason for optimism given that February has recorded only three negative monthly performances since 2013, with a median increase of 12.21%, based on Coinglass data. Should historical trends continue, BTC could experience gains throughout February.
Will buying pressure drive BTC and leading altcoins beyond their current resistance thresholds? Let's examine the technical charts of the top 10 cryptocurrencies for insight.
Bitcoin price prediction
The relief rally in BTC has advanced to the moving averages, a level where bears are anticipated to mount significant resistance.
Should the price reject the moving averages and turn downward, the BTC/USDT pair could decline toward the $84,000 support level. Bulls are likely to mount a vigorous defense of the $84,000 level, given that a closing price beneath it could push the Bitcoin price down to $80,600 and potentially to the substantial support located at $74,508.
Regarding upside potential, a decisive break and close above the moving averages would pave the way for an advance to the $94,789 to $97,924 resistance zone. A close above this resistance area would indicate that the corrective phase could be complete.
Ether price prediction
On Tuesday, Ether (ETH) moved back inside the symmetrical triangle pattern, though the upward movement is encountering resistance near the moving averages.
Should the price experience a sharp reversal from the moving averages, bears will make efforts to drive the ETH/USDT pair beneath the $2,787 level. Success in this endeavor could send the Ether price tumbling to $2,623.
On the other hand, a close above the moving averages would indicate market rejection of the breakdown below the support line. This development would enhance the likelihood of a break above the resistance line. The pair could subsequently advance toward $3,659.
BNB price prediction
BNB (BNB) is making an effort to climb above the 20-day exponential moving average ($897), signaling buying interest at lower price levels.
The BNB/USDT pair could advance to the $928 to $959 overhead resistance zone, a level where bears are expected to establish strong defense. Should buyers successfully breach this zone, the BNB price could initiate a rally toward $1,020.
For sellers to take control, they must drive the price beneath the uptrend line. Achieving this objective could result in the pair sliding to the $790 support. Bulls are expected to defend the $790 level aggressively, as a close below this point could trigger a resumption of the downtrend.
XRP price prediction
Market participants on the buy side are working to drive XRP (XRP) above the moving averages, though bears have maintained their defensive position.
Bears will make an effort to drag the XRP price below the $1.77 level. If successful, the XRP/USDT pair could descend to the critical support at $1.61. Buyers are anticipated to mount a fierce defense of the zone between the support line of the descending channel pattern and the $1.61 level.
Should buyers succeed in pushing the price above the moving averages, the pair could reach the downtrend line. Bulls will need to secure a close above the downtrend line to signal the beginning of a fresh upward move.
Solana price prediction
On Monday, Solana (SOL) reversed direction from the $117 support, though the relief rally will likely encounter selling pressure at the moving averages.
Should the price reverse from the moving averages, bears will once again try to push the SOL/USDT pair below $117. Success in this effort could cause the Solana price to plunge to strong support at $95.
In contrast, a break above the moving averages creates an opportunity for a rally to the $147 overhead resistance. Buyers must overcome the $147 level barrier to suggest that the corrective phase could be concluding.
Dogecoin price prediction
Following a rebound from the $0.12 support, Dogecoin (DOGE) is experiencing a relief rally that will likely encounter selling at the moving averages.
A sharp reversal from the moving averages would increase the probability of a breakdown below the $0.12 support. The DOGE/USDT pair could then plummet to the Oct. 10, 2025, low of $0.10.
On the flip side, a break and close above the moving averages suggests potential range-bound action in the near term. The Dogecoin price could oscillate between $0.12 and $0.16 for a period. A short-term trend reversal will be confirmed on a close above $0.16.
Cardano price prediction
The rebound in Cardano's (ADA) price from the $0.33 level has arrived at the moving averages, a point where bears are anticipated to intervene.
A sharp downward turn from the moving averages would raise the probability of a break below the $0.33 level. The ADA/USDT pair could then drop to the support line of the descending channel pattern.
This bearish outlook will be negated in the near term should the Cardano price advance higher and break above the downtrend line. The pair could then climb to the breakdown level of $0.50, where bears are expected to establish strong resistance.
Bitcoin Cash price prediction
On Sunday, Bitcoin Cash (BCH) once again bounced from the $563 support, suggesting that bulls are mounting an aggressive defense of this level.
The moving averages are showing signs of flattening, and the RSI is positioned near the midpoint, indicating equilibrium between supply and demand. A price break above the moving averages would shift the advantage toward the bulls. The BCH/USDT pair could then climb to $631 and potentially advance to $670.
For sellers to complete a bearish head-and-shoulders pattern, they must pull the Bitcoin Cash price below the $563 level. The pair could then decline to $518 and subsequently reach the pattern target of $456.
Hyperliquid price prediction
On Jan. 21, Hyperliquid (HYPE) reversed from the $20.82 support and on Tuesday surged above the 50-day SMA ($25.50), demonstrating strong buying interest at lower price levels.
The moving averages are approaching a bullish crossover, and the RSI has climbed into the overbought territory, indicating that bulls have regained control. Resistance exists at the breakdown level of $35.50, but should buyers overcome this obstacle, the HYPE/USDT pair could climb to $44.
To weaken the bullish momentum, sellers must defend the $35.50 level and pull the Hyperliquid price below the moving averages.
Monero price prediction
The pullback in Monero's (XMR) price is encountering resistance at the 50-day SMA ($480), suggesting that bears are executing sales on minor upward movements.
The downward-sloping 20-day EMA ($512) and the RSI positioned near the 46-level indicate that the path of least resistance points downward. Should the price fall below $445, the XMR/USDT pair could complete a 100% retracement of the latest rally leg and decline to the $417 level.
To demonstrate strength, buyers must push the Monero price above the 20-day EMA. The pair could then advance to $546. Bullish momentum is expected to accelerate on a close above the $546 resistance.