Price predictions 5/2: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX

Fri, 02 May 2025 17:54:06 +0000
Markets

*Key points:*

· Bitcoin trends toward $100,000. Will bears sell at this level?

· Altcoins are trading above their respective support levels, suggesting that an altcoin rally is brewing.

Bitcoin’s (BTC) tight consolidation resolved in favor of the bulls with a break above the $95,000 barrier on May 1. The bulls are trying to push the price to the psychologically crucial level at $100,000, which may again witness a tough battle between the bulls and the bears.

Veteran trader Peter Brandt sounded positive when he said in a post on X that Bitcoin could rally to the $125,000 to $150,000 range by August or September 2025 if it manages to regain its broken parabolic slope. However, Brandt cautioned that the rally could be followed by a sharp correction of more than 50%.

Crypto market data daily view. Source: Coin360

As Bitcoin nears the 100,000 mark, onchain analytics firm Glassnode cautions that the long-term holders (LTHs) may be tempted to book profits. The firm said in its newsletter that the LTHs tend to book profits when their profit margin reaches 350%, and that level will be hit at $99,900. A significant amount of buy-side pressure is needed to overcome the selling to continue the up move.

Could Bitcoin break above $100,000, pulling select altcoins higher? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

*Bitcoin price prediction*

Bitcoin’s break above $95,000 signals an advantage to buyers, but the bears are unlikely to give up easily.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

Sellers will try to pull the price back below $95,000, trapping the aggressive bulls. If they can pull it off, the BTC/USDT pair could test the 20-day exponential moving average ($91,391). This is a necessary support to watch out for as a solid bounce off the 20-day EMA suggests the bullish sentiment remains intact. That increases the likelihood of a break above $100,000. The pair may then reach $107,000.

This optimistic view will be invalidated in the short term if the price turns down and breaks below the 20-day EMA. The pair may then tumble to the 50-day simple moving average ($86,236).

*Ether price prediction*

Buyers successfully defended Ether’s (ETH) drop to the 20-day EMA ($1,757) on April 30, signaling demand at lower levels.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

The gradually upsloping 20-day EMA and the RSI in the positive territory indicate a slight edge to the bulls. If the price maintains above $1,857, the ETH/USDT pair could climb to the breakdown level of $2,111. There is minor resistance at $1,957, but that is likely to be crossed.

This positive view will be invalidated in the near term if the price turns down and plunges below the moving averages. That could pull the pair down to $1,537, which is expected to attract buyers.

*XRP price prediction*

The bulls have managed to keep XRP (XRP) above the moving averages, but the bounce lacks strength.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

The flattening 20-day EMA ($2.17) and the RSI just above the midpoint do not give a clear advantage either to the bulls or the bears. Buyers will seize control on a break and close above the resistance line. That clears the path for a rally to $3.

On the contrary, a break and close below the moving averages could sink the XRP/USDT pair to the solid support at $2. This is a critical level to keep an eye on because a break below $2 could pull the pair to $1.61.

*BNB price prediction*

BNB (BNB) is witnessing a seesaw battle between the bulls and the bears at the moving averages.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

If the price maintains below the moving averages, the BNB/USDT pair could slump to $576 and later to $566. Buyers are expected to vigorously defend the $566 level because a break below it may sink the pair to $520.

The bulls will have to push the price above $620 to signal strength. The pair could then rise to $644, which is likely to act as a strong resistance. If buyers bulldoze their way through, the pair could surge to $680.

*Solana price prediction*

Solana (SOL) continues to face selling at the $153 level, but a positive sign is that the bulls have not ceded much ground to the bears.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

The upsloping 20-day EMA ($142) and the RSI in the positive zone suggest that the path of least resistance is to the upside. If buyers push and maintain the price above $153, the SOL/USDT pair could rally to $180.

Contrary to this assumption, if the price turns down sharply and breaks below the 20-day EMA, it suggests profit booking by the short-term bulls. The pair could then slump to the 50-day SMA ($132).

*Dogecoin price prediction*

Dogecoin (DOGE) rebounded off the moving averages on May 1, indicating that the bulls are trying to keep the price inside the upper half of the range.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

The bulls will attempt to push the price to the top of the range at $0.21, which is a critical near-term resistance level to watch out for. If buyers pierce the $0.21 level, the DOGE/USDT pair will complete a double-bottom pattern. That could start a move to $0.25 and then to the pattern target of $0.28.

Contrarily, a break and close below the moving averages opens the doors for a fall to the support of the range at $0.14. Buyers are expected to defend the $0.14 level with all their might because a break below it may sink the pair to $0.10.

*Cardano price prediction*

Buyers bought the dip to the moving averages in Cardano (ADA), but the failure to build upon the rebound suggests a lack of demand at higher levels.

ADA/USDT daily chart. Source: Cointelegraph/TradingView

Buyers will have to drive the price above the $0.75 resistance to gain the upper hand. If they do that, the ADA/USDT pair could rally to $0.83. Sellers will try to halt the up move at $0.83, but if the bulls prevail, the pair could reach $1.

On the downside, a break and close below the moving averages tilts the short-term advantage in favor of the bears. The pair could slide to $0.58, where the buyers are expected to step in.

*Related: **Moon soon? XRP's strongest spot premium aligns with 70% rally setup*

*Sui price prediction*

Buyers pushed Sui (SUI) toward the $3.90 overhead resistance on May 1, but the long wick on the candlestick shows that bears are aggressively defending the level.

SUI/USDT daily chart. Source: Cointelegraph/TradingView

The first support on the downside is $3.27, and then the 20-day EMA ($3.01). If the price rebounds off the 20-day EMA with strength, the bulls will again try to drive the SUI/USDT pair above $3.90. If they manage to do that, the pair could rally to $4.25 and subsequently to $5.

Instead, if the price breaks below the 20-day EMA, it suggests that the bulls have given up. The pair may slump to the solid support at $2.86. If the price rebounds off the $2.86 support, the pair may form a range.

*Chainlink price prediction*

Chainlink (LINK) turned up from the moving averages on May 1, indicating that the sentiment remains positive.

LINK/USDT daily chart. Source: Cointelegraph/TradingView

Buyers will try to push the price above the $16 overhead resistance and challenge the resistance line of the descending channel pattern. Sellers are expected to fiercely defend the resistance line because a break and close above it signals a potential trend change.

If the price turns down from the overhead resistance and breaks below the moving averages, it suggests selling on rallies. The LINK/USDT pair may drop to $11.68, extending its stay inside the channel for some more time.

*Avalanche price prediction*

Avalanche (AVAX) bounced off the 20-day EMA ($20.89) on May 1, indicating that the bulls are buying on dips.

AVAX/USDT daily chart. Source: Cointelegraph/TradingView

Buyers will try to propel the price above the $23.50 overhead resistance. If they manage to do that, the AVAX/USDT pair will complete a double-bottom pattern. That may start an up move to $28.78 and later to the pattern target of $31.73.

The moving averages are the crucial support to watch out for. If the price turns down from the current level or the overhead resistance and breaks below the 50-day SMA ($19.79), it suggests that the range-bound action may continue for a few more days.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.