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Price predictions 8/6: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, XLM, SUI

2025-08-06 16:29:09

Main Idea

The article analyzes the current price trends and potential future movements of top cryptocurrencies like BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, XLM, and SUI, highlighting key support and resistance levels.

Key Points

1. Bitcoin (BTC) is consolidating between $112,000 and $115,720, with analysts divided on its near-term direction; some remain bullish, predicting a surge to $200,000-$250,000 by year-end.

2. Ether (ETH) faces resistance at $3,745; a break above could lead to $3,941-$4,094, while a drop below $3,300 may push it to the 50-day SMA ($3,058).

3. XRP is stuck between the 50-day SMA ($2.69) and 20-day SMA ($3.16); a break above the 20-day SMA could signal the end of its corrective phase.

4. BNB shows resilience near the 20-day SMA ($774); a breakout could push it to $794-$861, while a drop below $732 may lead to a sharp decline.

5. Solana (SOL) is testing the 50-day SMA ($162); a break above $185 could retest $209, but a drop below $155 may sink it to $144-$137.

Description

Bitcoin’s tight consolidation and Ether’s shallow pullback suggest a directional move could be around the corner.

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