Cryptocurrency Forecast 2/6: Analysis of BTC, ETH, BNB, XRP, SOL, DOGE, ADA, BCH, HYPE, XMR
Following this week's severe market downturn, Bitcoin and alternative cryptocurrencies experienced substantial double-digit recoveries, raising questions about whether technical indicators point to sustained growth or merely a temporary bounce.
Key points:
- Bitcoin has bounced sharply upward from the $60,000 mark, creating potential for a challenge of the breakdown threshold at $74,508.
- Numerous prominent altcoins have initiated a relief rally, anticipated to encounter resistance at the moving averages.
Bitcoin (BTC) staged a robust recovery surging past $69,000 following a sharp decline to $60,000 on Friday, demonstrating substantial demand at reduced price levels. The decline in BTC has negatively impacted market sentiment, driving the Crypto Fear & Greed Index down to a reading of 9 out of 100, marking the lowest point since June 2022.
Traders are now focused on determining when a sustainable recovery might commence. Experienced trader Peter Brandt remarked in a post on X that the characteristics of the downturn showed "all the finger prints of campaign selling, not retail liquidation." Brandt further noted that predicting when the pattern would conclude was challenging.
Nevertheless, there exists a positive indication for bullish investors. Market analyst Subu Trade mentioned in a post on X that the relative strength index on the weekly chart has dropped beneath the 30 threshold. This occurrence has only taken place four times historically, and BTC has generated a 23.34% average return after a month.
Will BTC and the leading altcoins initiate a sustained relief rally? Let's examine the charts of the top 10 cryptocurrencies to determine the answer.
Bitcoin price prediction
BTC finished below the critical $74,508 threshold on Wednesday and descended to the next significant support level at $60,000 on Friday.
The dramatic decline over recent days had driven the relative strength index deeply into oversold territory. This indicates that the selloff may have become excessive in the short term, making a relief rally probable.
Looking at the upside, bears will likely try to protect the $74,508 threshold and convert it into resistance. Should they achieve this, the BTC/USDT pair could once again decline toward $60,000. The initial indication of strength would be a close above $74,508. The Bitcoin price could then rise to the 20-day exponential moving average ($80,899).
Ether price prediction
Ether (ETH) dropped below the crucial $2,111 threshold on Thursday and descended to the $1,750 support level on Friday.
Bulls are working to initiate a recovery from the $1,750 threshold, which is likely to encounter considerable selling pressure at the breakdown threshold of $2,111. Should the Ether price reverse sharply downward from $2,111, it indicates that bears have successfully converted the level into resistance. This increases the probability of a breakdown below the $1,750 threshold. The subsequent support on the downside sits at $1,537.
Conversely, if buyers drive the ETH/USDT pair above $2,111, it indicates that bears are weakening their control. The pair could then advance to the 20-day EMA ($2,569).
BNB price prediction
BNB (BNB) finished below the $730 threshold on Wednesday and continued its descent to $570 on Friday.
The RSI plunged deeply into oversold territory, suggesting a potential rebound in the near term. A modest bounce will indicate insufficient aggressive purchasing by bulls. This elevates the probability of a breakdown below $570. The BNB/USDT pair could then drop to $500.
Buyers face a challenging path ahead. They must quickly drive the BNB price above the $730 threshold to demonstrate strength. If they accomplish this, the pair could rally to the 20-day EMA ($798).
XRP price prediction
XRP (XRP) reversed sharply downward on Thursday, dropping below the support line of the descending channel pattern and the Oct. 10, 2025, low of $1.25.
Bulls vigorously bought the decline and have driven the XRP price back within the channel. The XRP/USDT pair could rally to the 20-day EMA ($1.71), which is anticipated to draw sellers. Nevertheless, if buyers force their way above the 20-day EMA, the pair might climb to the downtrend line.
Conversely, if the price reverses sharply downward from the 20-day EMA, it indicates that sentiment continues to be negative. Bears will then make another attempt to drive the pair below the support line.
Solana price prediction
Solana (SOL) continued its decline below the $95 support on Wednesday and dropped to the $67.50 threshold on Friday.
The decline drove the RSI deeply into oversold territory, enhancing the likelihood of a short-term recovery. The SOL/USDT pair could advance to the $95 threshold, where sellers are anticipated to intervene. If the price reverses sharply downward from $95, the probability of a breakdown below the $67.50 threshold rises.
Conversely, if buyers secure a close above $95, the Solana price is expected to rally to the 20-day EMA ($110).
Dogecoin price prediction
Dogecoin (DOGE) continues to face pressure, with bears driving the price below the psychological support of $0.10 on Thursday.
The DOGE/USDT pair is working to rebound from the $0.08 threshold, but bears are anticipated to stop the relief rally at the 20-day EMA ($0.11). Should the Dogecoin price reverse sharply downward from the 20-day EMA, the pair could plunge to $0.07.
In contrast to this scenario, if the price moves upward and breaks above the moving averages, it indicates that bulls have returned to action. The pair could then climb toward the substantial overhead resistance at $0.16.
Cardano price prediction
Sellers drove Cardano (ADA) below the support line of the descending channel pattern on Friday, but the extended tail on the candlestick reveals purchasing at reduced levels.
Should the price maintain above the support line, bulls will work to drive the ADA/USDT pair to the 20-day EMA ($0.32). Sellers will attempt to protect the 20-day EMA and once more drive the price below the support line. If they accomplish this, the Cardano price could fall to $0.20 and subsequently to $0.15.
Alternatively, a close above the 20-day EMA indicates that the breakdown below the support line could have been a bear trap. The pair could then challenge the downtrend line.
Bitcoin Cash price prediction
Bitcoin Cash (BCH) reversed downward from the 20-day EMA ($547) on Thursday, signaling negative sentiment.
Sellers drove the Bitcoin Cash price below the $443 support on Friday, but the extended tail on the candlestick demonstrates strong purchasing at reduced levels. Should the price maintain above $443, the BCH/USDT pair could rise to the 20-day EMA.
Bears are anticipated to aggressively protect the 20-day EMA, as a breakthrough above it indicates that the downtrend could be ending. Looking downward, a close below the $443 threshold signals the beginning of the next phase of the downtrend toward $380.
Hyperliquid price prediction
Hyperliquid (HYPE) is encountering selling pressure at the $35.50 threshold, but an encouraging sign is that bulls have not surrendered significant ground to bears.
The ascending 20-day EMA ($29.78) and the RSI positioned in positive territory suggest an advantage for buyers. Should the price move upward from the current level or the 20-day EMA, bulls will make another attempt to overcome the overhead obstacle at $35.50. If they succeed in this endeavor, the HYPE/USDT pair is expected to climb to $44.
On the other hand, a breakdown below the 20-day EMA indicates that bulls have surrendered. The Hyperliquid price could then trade within a range between $35.50 and $20.82 for a period.
Monero price prediction
Monero (XMR) maintained its downward trajectory and fell below the $360 support on Thursday.
Bulls are working to initiate a relief rally, but the upward movement is anticipated to encounter selling at the 38.2% Fibonacci retracement level of $361. Should the price reverse downward from the overhead resistance, bears will make another attempt to continue the downtrend. If the $276 threshold fails to hold, the XMR/USDT pair could drop to $231.
In contrast, a climb above $361 creates opportunities for a rally to the 50% retracement level of $388 and subsequently to the 20-day EMA ($432).