The crypto market experienced a sharp jolt on June 14 as news of Israeli airstrikes on Iran triggered a sudden sell-off. Bitcoin (BTC), the market leader, dropped below $103,000 before swiftly rebounding toward $106,000. While geopolitical tensions often spark volatility, history suggests digital assets like BTC tend to recover within weeks—even outperforming pre-crisis levels.
Market sentiment remains cautious. Although demand reappeared quickly at lower price points, signaling strong support, analysts are divided on whether a sustained rally is imminent. Material Indicators noted on X (formerly Twitter) that new lows for BTC seem unlikely, but a confirmed bullish trend may only emerge after the Federal Reserve’s next policy meeting.
Adding to the optimism, Andre Dragosch, Research Director at ETC Group, highlighted historical patterns: in the 50 days following major geopolitical events, Bitcoin has consistently rebounded and often surpassed its previous highs. Still, legendary technical analyst John Bollinger—creator of the Bollinger Bands—warns of a potential reversal. He observed that BTC completed a classic three-wave rally after forming a "W" bottom near $75,000. According to Bollinger, such patterns typically mark the end of an uptrend and the beginning of consolidation or distribution.
With uncertainty looming, let’s dive into the technical charts of the top 10 cryptocurrencies to assess their near-term outlook.
Bitcoin (BTC) Technical Analysis
Bitcoin dipped to the 50-day simple moving average (SMA) at $103,159 before finding support. Bulls are now attempting to stabilize the price and push higher toward $106,000.
On the daily chart, the 20-day exponential moving average (EMA) has flattened at $106,097, while the Relative Strength Index (RSI) hovers near the neutral 50 level—signaling a likely consolidation phase in the short term.
Key Levels to Watch:
- Support: $100,000 – A decisive break below could open the door to $92,000.
- Resistance: $111,980 – A close above this all-time high level would confirm renewed bullish momentum and potentially target $130,000.
Until one side gains clear control, expect BTC to trade in a tight range with volatility driven by macro headlines.
Ethereum (ETH) Technical Analysis
Ethereum declined from $2,879 on Wednesday and broke below the 20-day EMA ($2,580) on Friday, indicating rejection at resistance.
The flat 20-day EMA and RSI retracing to the midpoint suggest balanced supply and demand. For now, the critical support sits at $2,323. A bounce from this zone could lead to another test of resistance between $2,738 and $2,879.
However, if bears defend this range successfully and push prices lower, extended consolidation is likely. A move below $2,323 might accelerate selling toward $2,111.
On the upside, clearing $2,879 is essential for bulls to resume the rally toward $3,153.
XRP Technical Analysis
XRP briefly broke above its moving averages on Monday but failed to sustain momentum. Prices reversed on Wednesday and are now approaching a major support zone near $2.00.
This level is critical—historically strong and likely defended by long-term holders. A close below $2.00 could trigger further downside toward $1.61 or even sub-$1.28.
Conversely, a strong rebound from $2.00 combined with a move back above the moving averages would signal that sideways action continues within a broader accumulation phase.
BNB Technical Analysis
BNB has been trading between $634 and $693 in recent days—a clear consolidation range reflecting market equilibrium.
The flat 20-day EMA at $658 and neutral RSI show neither bulls nor bears have control. A bounce from $634 with a move above the EMA could keep price action confined to this range.
But if sellers break below $634 and close under it, bearish pressure may intensify. Next support lies between $580 and $600—a zone where bulls are expected to mount a strong defense.
👉 See how leading altcoins are shaping up before the next market breakout.
Solana (SOL) Technical Analysis
Solana broke above its moving averages on Monday but lost traction by Wednesday’s reversal from $168. The price then dropped below the moving averages on June 12.
Now approaching the $140 support zone—a key level for bulls—SOL must hold here to prevent deeper losses. A successful rebound could allow another attempt at reclaiming the moving averages.
Failure to hold $140 may lead to a drop toward $123 or even $110. Bulls need a decisive move above the moving averages to regain control and target higher resistance.
Dogecoin (DOGE) Technical Analysis
Dogecoin pulled back from $0.21 on Wednesday, remaining in the lower half of its $0.14–$0.26 trading range.
Immediate support is at $0.16, though it may not hold. The more significant level is $0.14—expected to attract strong buying interest. A bounce from here could result in prolonged sideways movement.
A break above $0.26 or below $0.14 will determine the next major trend. A drop under $0.14 could send DOGE toward $0.10; a breakout above $0.26 might fuel momentum toward $0.38.
Cardano (ADA) Technical Analysis
ADA fell from the 50-day SMA at $0.72 on Wednesday as bears continued to sell rallies.
With the 20-day EMA sloping downward at $0.69 and RSI in negative territory, sellers remain in control. A break below $0.60 could extend losses toward strong support at $0.50—a level bulls are likely to defend aggressively.
The first sign of strength would be a close above the 50-day SMA—opening the path toward the descending trendline resistance. A breakout above that line would suggest a potential trend reversal.
Hyperliquid (HYPE) Technical Analysis
Bulls pushed HYPE above resistance at $42.25 on Wednesday and again on Thursday but failed to maintain gains.
This rejection pulled price back into a symmetric triangle pattern near the breakout zone—potentially due to short-term profit-taking. The upward-sloping 20-day EMA ($35.93) suggests underlying bullish bias, but a bearish divergence forming on the RSI warns of weakening momentum.
To resume the uptrend toward $50, buyers must push prices above $44.
Conversely, a close below the 20-day EMA could increase selling pressure and drag HYPE down to $30.50.
Sui (SUI) Technical Analysis
SUI dropped from the 50-day SMA ($3.55) on Wednesday as bears actively defended that zone.
The pair has now reached strong support at $2.86—an area worth watching closely. If bears push below this level, further declines toward $2.50 are likely.
Bulls aim to hold $2.86 and spark a rebound toward the moving averages. However, any sharp rejection from those averages would increase the risk of breaking down through support.
To target resistance at $4.25, buyers must first lift price above the moving averages and sustain momentum.
Frequently Asked Questions (FAQ)
Q: What does a “three-wave rally” mean in technical analysis?
A: A three-wave rally refers to an upward price movement composed of three distinct advances (labeled Wave 1, 2, 3). According to Elliott Wave theory and Bollinger's observations, completing three waves often signals exhaustion and a potential reversal or consolidation phase.
Q: Why is the $100,000 level so important for Bitcoin?
A: Psychologically and technically significant, $100,000 acts as both a milestone and strong support/resistance zone. Breaking below it could trigger algorithmic selling; holding it reinforces market confidence.
Q: How do geopolitical events affect cryptocurrency prices?
A: Short-term panic often causes sell-offs, but crypto historically rebounds as investors seek decentralized alternatives during instability—especially when traditional markets waver.
Q: What does RSI neutrality indicate?
A: When RSI approaches 50, it reflects balanced momentum—neither overbought nor oversold—often preceding consolidation or a breakout once direction is chosen.
Q: Can altcoins outperform Bitcoin after a correction?
A: Yes—once macro fears ease, capital often rotates into high-potential altcoins like SOL, ADA, or SUI that have strong fundamentals or upcoming network upgrades.
Q: What is a “symmetric triangle” pattern?
A: It’s a continuation pattern where price converges between two converging trendlines. A breakout in either direction typically follows—often leading to a move equal to the pattern’s height.
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Bitcoin technical analysis, Ethereum price prediction, XRP support level, BNB consolidation pattern, Solana resistance zone, Dogecoin breakout signal, Cardano trend reversal, Sui cryptocurrency analysis