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Price Predictions 5/2: A Comprehensive Outlook for Top Cryptocurrencies
As the cryptocurrency market continues to navigate through its latest trends, it’s essential to keep an eye on the short-term outlook for the top cryptocurrencies. In this article, we’ll provide a comprehensive price prediction for Bitcoin, Ethereum, Ripple, Binance Coin, Solana, Dogecoin, Cardano, Sui, Chainlink, and Avalanche.
BTC Price Prediction
Bitcoin (BTC) has been trading in a tight consolidation range between $90,000 and $95,000. The latest break above this level has sparked hopes of a potential rally towards $100,000. While bulls have regained control, bears are not giving up easily. According to veteran trader Peter Brandt, Bitcoin could rally to $125,000 to $150,000 by August or September 2025 if it manages to regain its broken parabolic slope.
However, the rally could be followed by a sharp correction of more than 50%. If the price turns down from the current level or the 100,000 mark, it would be a strong indication that bears are taking control. A break below the 20-day EMA ($91,391) could lead to a test of the 50-day SMA ($86,236).
ETH Price Prediction
Ethereum (ETH) has been recovering from its recent dip to the 20-day EMA ($1,757). The gradually upsloping 20-day EMA and the RSI in the positive zone suggest that the bulls are gaining strength. If the price maintains above $1,857, ETH/USDT could climb to the breakdown level of $2,111. The pair could then rise to $2,211, which is likely to act as a strong resistance.
However, a break and close below the moving averages would suggest that the bulls are losing momentum. The pair could then slump to $1,537, which is expected to attract buyers.
XRP Price Prediction
Ripple (XRP) is facing a strong selling wick at the $0.55 level, indicating that bears are aggressively defending this level. If the price turns down from the current level, XRP/USDT could slump to $0.47. Buyers are expected to vigorously defend this level, as a break below it could pull the pair down to $0.40.
On the other hand, if the price breaks above the overhead resistance at $0.58, XRP/USDT could rally to $0.65 and subsequently to $0.73. The bulls are expected to face strong resistance at $0.73, as a break above this level could trigger a gap-up move towards $0.85.
BNB Price Prediction
Binance Coin (BNB) has been trading in a tight range between $550 and $620. The bulls are trying to push the price above the overhead resistance at $620, while the bears are fiercely defending this level. If the price turns down from the current level, BNB/USDT could slump to $566, which is a crucial support to watch out for.
On the other hand, if the price breaks above the overhead resistance at $620, BNB/USDT could rally to $644 and subsequently to $680. The bulls are expected to face strong resistance at $680, as a break above this level could trigger a gap-up move towards $750.
SOL Price Prediction
Solana (SOL) is trying to break above the overhead resistance at $153, but the long wick on the candlestick shows that bears are aggressively defending this level. If the price turns down from the current level, SOL/USDT could slump to $130. Buyers are expected to vigorously defend this level, as a break below it could pull the pair down to $115.
On the other hand, if the price breaks above the overhead resistance at $153, SOL/USDT could rally to $200 and subsequently to $250. The bulls are expected to face strong resistance at $200, as a break above this level could trigger a gap-up move towards $250.
DOGE Price Prediction
Dogecoin (DOGE) has been recovering from its recent dip to the moving averages. The bulls are trying to push the price above the overhead resistance at $0.21, while the bears are fiercely defending this level. If the price turns down from the current level, DOGE/USDT could slump to $0.17. Buyers are expected to vigorously defend this level, as a break below it could pull the pair down to $0.15.
On the other hand, if the price breaks above the overhead resistance at $0.21, DOGE/USDT could rally to $0.25 and subsequently to $0.28. The bulls are expected to face strong resistance at $0.28, as a break above this level could trigger a gap-up move towards $0.35.
ADA Price Prediction
Cardano (ADA) bounced off the 20-day EMA ($0.75) on May 1, indicating that the bulls are buying on dips. The moving averages are the crucial support to watch out for. If the price turns down from the current level or the overhead resistance at $0.85, ADA/USDT could slump to $0.68. Buyers are expected to vigorously defend this level, as a break below it could pull the pair down to $0.62.
On the other hand, if the price breaks above the overhead resistance at $0.85, ADA/USDT could rally to $1 and subsequently to $1.15. The bulls are expected to face strong resistance at $1.15, as a break above this level could trigger a gap-up move towards $1.30.
SUI Price Prediction
Sui (SUI) bounced off the 20-day EMA ($3.01) on May 1, indicating that the bulls are buying on dips. The moving averages are the crucial support to watch out for. If the price turns down from the current level or the overhead resistance at $3.90, SUI/USDT could slump to $3.27. Buyers are expected to vigorously defend this level, as a break below it could pull the pair down to $2.86.
On the other hand, if the price breaks above the overhead resistance at $3.90, SUI/USDT could rally to $4.25 and subsequently to $5. The bulls are expected to face strong resistance at $5, as a break above this level could trigger a gap-up move towards $6.
LINK Price Prediction
Chainlink (LINK) turned up from the 20-day EMA ($16) on May 1, indicating that the bulls are buying on dips. The moving averages are the crucial support to watch out for. If the price turns down from the current level or the overhead resistance at $18, LINK/USDT could slump to $15. Buyers are expected to vigorously defend this level, as a break below it could pull the pair down to $12.
On the other hand, if the price breaks above the overhead resistance at $18, LINK/USDT could rally to $20 and subsequently to $22. The bulls are expected to face strong resistance at $22, as a break above this level could trigger a gap-up move towards $25.
AVAX Price Prediction
Avalanche (AVAX) bounced off the 20-day EMA ($20.89) on May 1, indicating that the bulls are buying on dips. If the price turns down from the current level, AVAX/USDT could slump to $19. Buyers are expected to vigorously defend this level, as a break below it could pull the pair down to $16.50.
On the other hand, if the price breaks above the overhead resistance at $23.50, AVAX/USDT could rally to $28.78 and subsequently to $31.73. The bulls are expected to face strong resistance at $31.73, as a break above this level could trigger a gap-up move towards $35.
