SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE

·

The financial and cryptocurrency markets are showing critical momentum shifts as key assets test pivotal support and resistance levels. From Bitcoin’s resilience near $107,000 to emerging strength in BNB and Hyperliquid (HYPE), investors are closely watching technical indicators across both traditional and digital assets. With the S&P 500 pushing past all-time highs and the US Dollar Index (DXY) slipping into bearish territory, macro trends are also influencing crypto sentiment. Let’s dive into a detailed analysis of the top cryptocurrencies and major market indices to uncover potential next moves.

Market Overview: Bitcoin Holds Key Support

Bitcoin has begun the week under selling pressure, with bears attempting to push the price below the $107,000 level. However, the shallow pullback suggests strong underlying demand. As long as Bitcoin remains above **$104,600**, it is on track for a positive monthly close in June — only the second time since 2020 that this has occurred, according to CoinGlass data.

Despite failing to break past its all-time high of $111,980**, investor confidence remains strong. Last week alone, **$2.2 billion flowed into Bitcoin exchange-traded products (ETPs), as reported by CoinShares — a clear sign of sustained institutional interest.

Corporate treasuries continue to accumulate. Michael Saylor’s Strategy acquired 4,980 BTC at an average price of $106,801, marking its 11th consecutive week of purchases. Similarly, Metaplanet added **1,005 BTC** at $107,601 per coin, signaling strong conviction among public firms.

👉 Discover how market leaders are positioning for long-term growth in volatile conditions.

With moving averages trending upward and the RSI in positive territory, the path of least resistance for Bitcoin remains upward. A break above the current downtrend line could trigger a move toward the inverted head-and-shoulders neckline, a bullish pattern that would confirm resumption of the uptrend.

A breakdown below the moving averages, however, could expose support at $104,500** and eventually **$100,000.

S&P 500 Index: Bulls Push Past All-Time High

The S&P 500 (SPX) bounced off its 20-day exponential moving average at 6,029 on June 23, reflecting strong investor sentiment. Bulls then pushed the index above its previous all-time high of 6,147, closing firmly above that level.

If the price sustains above 6,147, the next target could be 6,500. However, sellers are expected to challenge this momentum by attempting to pull the price back below 6,147 — a move that would trap aggressive longs and potentially trigger short-term profit-taking.

A strong rebound from the 20-day EMA would reinforce bullish momentum. Conversely, a break and close below this average could signal a broader correction toward the 50-day simple moving average at 5,827.

US Dollar Index: DXY Breaks Key Support

The US Dollar Index (DXY) broke and closed below the critical 97.92 support level — a bearish signal indicating that selling pressure has overwhelmed buyers.

Both moving averages are now sloping downward, and the RSI is nearing oversold conditions, suggesting continued downside momentum. Still, bulls may attempt a recovery. A successful push back above 97.92 could open the door to a rally toward the 50-day SMA at 99.28.

If resistance holds at 97.92 and price turns lower again, the downtrend may resume with a target near 95.00.

Ether (ETH): Testing Resistance at 50-Day SMA

Ether’s recovery has stalled near the 50-day SMA ($2,534), where bears have stepped in aggressively. The flattening of both moving averages and an RSI near the midpoint suggest a potential range-bound phase in the near term.

A drop below $2,376** could accelerate losses toward **$2,323, a key support level. A break below that may extend the decline to $2,111.

On the upside, clearing $2,534 could open a path toward **$2,738, followed by $2,879**. A breakout above $2,879 would signal a resumption of the bullish trend.

XRP: Trapped in Range Between $2 and $2.65

XRP continues to trade within a well-defined range of $2.00 to $2.65, with buyers stepping in near support and sellers capping rallies near resistance.

The immediate focus is on whether bulls can push the price above the **50-day SMA ($2.25)**. Success could lead to a retest of the $2.65 resistance — a level sellers are expected to defend fiercely.

A rejection from current levels may lead to renewed selling pressure. A break below $2.00** could send XRP down to **$1.61, completing a bearish breakdown.

BNB: Breakout Above Descending Channel

BNB has shown strong momentum after breaking above the resistance line of its descending channel pattern — a sign that the correction phase may be over.

With minor resistance at the 50-day SMA ($654)**, buyers aim to push BNB toward **$675, then $698**. The key is holding above recent breakout levels; failure could invalidate the bullish setup and trigger a drop to **$636, then potentially $625.

👉 See how breakout patterns are creating new opportunities in real time.

Solana (SOL): Recovery Gains Momentum

Solana bounced from the $140** support and reclaimed the **20-day EMA ($148) — positive signs for bulls.

The next target is the 50-day SMA ($158)**. A break above this level could propel SOL toward **$185, where strong resistance is expected. A breakout beyond $185 would open the path to **$220**.

On the downside, losing $140 could shift advantage to bears and lead to declines toward **$126, then $110**.

Dogecoin (DOGE): Testing Key Moving Average

Dogecoin has recovered to test the 20-day EMA ($0.17) — a critical hurdle.

A sharp rejection from this level could lead to a breakdown below $0.14**, potentially accelerating toward **$0.10.

Conversely, a confirmed close above $0.17 could stabilize price action within a range of **$0.14–$0.21**. A breakout above **$0.21** would signal renewed bullish strength.

Cardano (ADA): Resistance at 20-Day EMA

Cardano has approached the 20-day EMA ($0.59) but faces stiff resistance.

A reversal and drop below $0.54** could push ADA toward the crucial support at **$0.50. A breakdown below this level would complete a descending triangle — a bearish pattern that could trigger a move to $0.40.

Bulls need to push ADA above $0.59 to target the **50-day SMA ($0.67)**. A breakout beyond the downtrend line would confirm a trend reversal.

Hyperliquid (HYPE): Bullish Breakout Underway

Hyperliquid (HYPE) broke above the $39.12 resistance level — a strong signal that bulls have regained control.

The pair could now climb toward $42.50**, then **$45.80. If buyers overcome resistance at $45.80, a surge toward the psychological **$50** level becomes possible.

Support lies at the 20-day EMA ($37.55)** and further down at the **50-day SMA ($34.76). A drop below $34.76 would weaken the bullish outlook and potentially send HYPE to **$30.69**.

👉 Stay ahead of breakout moves with real-time market insights and tools.

Frequently Asked Questions (FAQ)

Q: Is Bitcoin likely to drop below $100,000?
A: Not immediately. As long as Bitcoin holds above $104,600 and maintains its moving averages, the uptrend remains intact. A breakdown below key supports would be required for such a drop.

Q: What does BNB’s breakout mean for its price?
A: The breakout above the descending channel suggests short-term bullish momentum. If BNB holds above $636, it could rise toward $675–$698.

Q: Why is DXY falling?
A: The DXY’s drop below 97.92 signals weakening dollar sentiment, possibly due to expectations of rate cuts or stronger foreign currencies.

Q: Can XRP break out of its range?
A: Yes — if bulls push XRP above $2.25 (50-day SMA) and then $2.65 resistance. Until then, range-bound trading is likely.

Q: What’s driving HYPE’s recent surge?
A: HYPE’s breakout above $39.12 shows renewed buying interest, possibly fueled by platform developments or increased trading volume.

Q: How important is SPX holding above 6,147?
A: Extremely important — it confirms continuation of the uptrend and opens room for further gains toward 6,500.

Core Keywords

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.