Technical Analysis June 14: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, SUI, LINK

Bitcoin (BTC) has unexpectedly dropped below the $103,000 mark following news that Israel launched airstrikes against Iran. However, the positive point is that demand quickly emerged in the low price zone, helping the largest coin in the market to bounce back and approach the $106,000 threshold.

The analysis platform Material Indicators shared on social media X that the likelihood of Bitcoin dropping to a new low is not high, but a sustainable upward trend may not be established until the Federal Reserve (Fed) holds its next policy meeting.

From a more optimistic perspective, Mr. Andre Dragosch – Head of Research at ETC Group – cites historical data showing that Bitcoin typically recovers and even exceeds its price before volatility within 50 days following tense geopolitical events.

However, veteran expert John Bollinger – the inventor of the Bollinger Bands technical indicator – has expressed caution. In a post on X, he stated that Bitcoin has completed three consecutive upward waves after forming a double bottom pattern shaped like a "W" near the zone of $75,000. According to Bollinger, the three-wave upward pattern is often a sign of the end of the current trend, and the market may soon enter a reversal or accumulation phase.

Can Bitcoin and the top altcoins maintain their upward momentum amidst a market still fraught with instability? Let's analyze the charts of the 10 largest cryptocurrencies to find the answer.

Technical Analysis of BTC

Bitcoin has dropped to the (SMA) 50-day simple moving average at $103,159 on Friday, where the bulls are trying to stop the downward trend.

Daily BTC/USDT Chart | Source: TradingViewThe 20-day Exponential Moving Average EMA( at $106,097 is showing signs of moving sideways, and the Relative Strength Index RSI) is also approaching the average – indicating that the market may enter a short-term accumulation phase. Important levels to watch are $100,000 on the downside and the historical peak of $111,980 on the upside.

If the level of $100,000 is breached, the BTC/USDT pair could plunge down to the zone of $92,000. Conversely, if the price breaks and closes above $111,980, the uptrend will be confirmed again, opening the possibility of a breakout to the zone of $130,000.

Technical Analysis of ETH

Ether (ETH) reversed its decline from the $2,879 level on Wednesday and plunged below the 20-day EMA ($2,580) on Friday – indicating that the market has rejected the breakout above the $2,738 threshold.

ETH/USDT daily chart | Source: TradingViewThe 20-day EMA line is currently moving sideways, while the RSI is retreating to the average level, reflecting a balanced state between supply and demand. If the price bounces from the current zone or from the support level of $2,323, the bears will try to prevent the recovery in the resistance zone of $2,738 – $$2,879. If the price cannot break through this resistance zone, ETH/USDT may continue to oscillate and accumulate for a while longer.

The bulls need to push the price above $2.879 to trigger the next upward move to the zone of $3.153. On the other hand, if it breaks below $2.323, this pair could plunge towards the zone of $2.111.

Technical Analysis of XRP

XRP has surpassed the moving averages on Monday, but the bulls could not maintain the upward momentum.

XRP/USDT Daily Chart | Source: TradingViewThe price reversed on Wednesday and is currently approaching a strong support zone at $2. Bulls are expected to defend this level vigorously, as a break and close below $2 could signal the start of a new downtrend. The XRP/USDT pair could slide to the $1.61 zone, or even deeper to $1.28.

On the contrary, if the price rises sharply from $2 and exceeds the moving averages, it indicates that the sideways trend may continue for a while longer.

Technical Analysis of BNB

BNB has been accumulating in the range from $634 to $693 over the past few days – reflecting a balance between supply and demand.

BNB/USDT daily chart | Source: TradingViewThe 20-day EMA ($658) is moving sideways along with the RSI at a neutral level, not providing a clear advantage to either the bulls or bears. If the price bounces from the zone $634 and moves above the 20-day EMA, the BNB/USDT pair is likely to continue oscillating within the accumulation zone for some time.

On the contrary, if it breaks down and closes below $634, it indicates that the bears have gained the upper hand. At that point, selling pressure may increase significantly, pulling the price down to the zone of $600. The support zone from $580 to $600 is seen as the area where the bulls will attempt to defend.

Technical Analysis of SOL

Solana (SOL) has surpassed the moving averages on Monday, but the bulls could not maintain the upward momentum.

Daily chart of SOL/USDT | Source: TradingViewThe price reversed and decreased from the zone $168 on Wednesday and broke below the moving averages on 12/6. Currently, the SOL/USDT pair has approached the support zone $140 – this is a crucial level that the bulls need to maintain.

If the price bounces up from the level of $140, the bulls will once again try to push the price above the moving averages. Conversely, if it breaks and closes below $140, this coin pair may continue to decline towards the zone of $123, and even further down to $110.

Technical Analysis of DOGE

Dogecoin (DOGE) has reversed from the $0.21 threshold on Wednesday, indicating that the price remains stuck in the lower half of the zone ranging from $0.14 to $0.26.

Daily DOGE/USDT Chart | Source: TradingViewThe nearest support level is $0.16, but it is unlikely to hold. The DOGE/USDT pair may continue to plunge towards the important support zone at $0.14 – where buying pressure is expected to emerge. A strong bounce from $0.14 could cause the price to continue to move sideways in this zone for some time.

The next strong trend will be established if the price breaks above the zone $0.26 or falls below $0.14. If it breaks $0.14, DOGE could drop to the level of $0.10. Conversely, if it surpasses $0.26, this pair may target the mark of $0.38.

Technical Analysis of ADA

Cardano (ADA) has reversed and decreased from the 50-day moving average (SMA) at $0.72 on Wednesday, indicating that bears continue to take advantage of rebounds to lock in profits.

Daily chart of ADA/USDT | Source: TradingViewThe 20-day EMA line ($0.69 is sloping down along with the RSI indicator being in the negative zone indicates that the bears are gaining the upper hand. If the support level of $0.60 is breached, the ADA/USDT pair could plunge towards the strong support zone at $0.50. The bulls are expected to make every effort to defend the $0.50 level.

The first signal indicating a return of strength will be a breakout and a close above the 50-day SMA line. At that point, the door to an increase towards the downtrend line will be opened — this is an important resistance zone to watch. If the price breaks and closes above the downtrend line, it will indicate that the trend may be changing.

Technical Analysis of HYPE

The bulls pushed the price of Hyperliquid )HYPE( above the resistance level of $42.25 on Wednesday and repeated that on Thursday, however, they were unable to maintain the high price.

![])https://img.gateio.im/social/moments-d7638d5becd817efb0394f2412be4ff8(HYPE/USDT daily chart | Source: TradingViewThis may have caused short-term investors to take profits, pulling the price back to the breakthrough zone from the symmetrical triangle pattern. The 20-day EMA )$35,93( sloping up indicates an advantage for the bulls, but the negative divergence forming on the RSI indicator suggests that the uptrend is weakening. To continue the upward trend towards the $50 mark, the bulls need to push the price above the $44 barrier.

On the contrary, if the price breaks and closes below the 20-day EMA, selling pressure may increase, pulling the price down to the level of $30.50.

Technical Analysis of SUI

Sui )SUI( has reversed and decreased from the 50-day SMA )$3,55( on Wednesday, indicating that the bears are fiercely defending this zone.

![])https://img.gateio.im/social/moments-dcf3c77ee1cf932346bc3601e1c688bf(Daily chart of SUI/USDT | Source: TradingViewThe SUI/USDT pair has now reached a strong support zone at $2.86 — an important level to watch. Bears will seek to gain dominance by pulling the price below the $2.86 mark. If successful, the price may continue to drop further to $2.50.

However, the bulls may have other plans. They will try to defend at the $2.86 threshold. If the price bounces up from this support zone, the currency pair may head towards the moving averages. But if the price reverses strongly from the moving averages, the risk of breaking the $2.86 level will increase. To pave the way for a price increase to the resistance zone of $4.25, the bulls need to push the price above the moving averages.

Technical Analysis of LINK

Chainlink )LINK( has reversed and returned inside the descending price channel on Thursday, indicating that selling pressure is still present as the price rises.

![])https://img.gateio.im/social/moments-6687da9d06f00e43bf6c96a160e58c40(Daily LINK/USDT Chart | Source: TradingViewThe bears are currently trying to pull the price below the support zone $12.64. If that happens, the LINK/USDT pair risks dropping to the $10 level, while extending the trading duration within the descending channel.

To prevent a negative trend, the bulls need to quickly push the price above the $16 threshold, showing strong buying activity at the low price zone. At that point, the currency pair could advance to the $18 mark, even $20, signaling the potential for a trend reversal.

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