Price predictions 6/2: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE
Bitcoin is facing a potential correction towards $100,000, with significant whale activity suggesting profit-taking. Despite failing to maintain levels above $105,000, long-term holders like Strategy and Metaplanet are still accumulating. The S&P 500 Index (SPX) showed buying interest at the 20-day EMA, aiming to push back above 5,970 to reach new highs. In contrast, the US Dollar Index (DXY) struggles to sustain above key moving averages, indicating bearish momentum. Predictions for Bitcoin indicate crucial support at $103,000, with a bearish target of $90,000 should this fail. Ether is hovering around the 20-day EMA, with upside potential to $3,000 if it breaks resistance at $2,738. XRP remains trapped in a range between $2 and $2.65, while BNB shows signs of consolidation. Solana is testing support at $153, whereas Dogecoin risks a drop below $0.18. Cardano shows a bearish outlook below $0.71. Hyperliquid managed a bounce but faces resistance at $35.73, with potential targets identified if key levels are breached.
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