According to weekly and daily candle structures, several top tokens including XLM, FIL, ATOM, FET, AAVE and HBAR are moving settings for major directions. This is a breakdown of their current technological prospects.
Bitcoin price forecast
Bitcoin’s range is limited to $106,920 to $103,150. These are the key levels to watch. A breakthrough in either direction may determine the next big move.
It is worth noting that the nearest long position has opened in the lower range at $103,150, which has reached the $106,800 target. Range levels, such as $104,100, $104,855 and $105,850, provide opportunities for skinning.
From a macro perspective, the market’s risk appetite is weakening. Advantage indicators and RSI differences indicate caution, especially for altcoins. A total of 3 have been supported in support of about 794.23b.
If it holds and recoups $933.22B on daily close, Altcoin Rally may recover. Otherwise, the difference between BTC.D and bearish suggests that Altcoins’ chances are short.
Source: TradingView
XLM Price Forecast
XLM appears to be entering a correction phase, heading towards the main support zone of 0.2411 – $0.2260. If the weekly candles are closed below the area, it may indicate a deeper shift to the next support range of 0.1505–$0.1150.
Conversely, a strong rebound from $0.2411–$0.2260 to $0.2916–$0.3231 could put the target resistance level at $0.2916–$0.3231. A daily candle closing of $0.3231 daily will confirm a bullish reversal, opening the road to $0.3520, $0.3908 or even $0.4296.
Filecoin price forecast
FIL is still in a sustained downward trend, with potential potential further downward towards a price of $2.38-2.26. The $2.26 level is crucial; the daily close below may lead to a new cycle low.
On the plus side, the rebound in the region could test resistance at $2.777, $3.085 and $3.254. If the price closes above $3.254 in the daily timeframe, the bullishness can be confirmed to extend to $3.561 or higher.
Cosmic price forecast
Atom has been on a downtrend for the lower time frame and can be revisited at $4.108 – $3.98 or $3.786 deep. It is worth noting that $3.786 is the weekly support level. Any weekly candles below increase the likelihood of a larger collapse to previous lows.
A reversal from the support frame may restore the price to the test resistance zone, at $4.63-4.70. The closing price of $4.70 per day may mark a bullish turnaround, followed by a target of $4.98 and $5.227.
Get AI price forecast
FETs continue to trade in the range of $1.13 to $0.566 with several secondary resistance and support levels at $1.065, $0.918, $0.746 and $0.658. These areas provide opportunities for short-term scalping strategies.
A weekly closing of $1.13 weekly candles will mark a clear breakthrough with potential to send FETs to $1.346, $1.583, or even $2.058. On the downside, breaks below $0.566 may cause the token to revisit previous lows and consolidate $0.566 to $0.257 in the new range.
AAVE price forecast
AAVE shows signs of a sustainability uptrend, with current prices targeting the previous high range of $331.9 to $369.07. The $369.07 level is a key breakout point; closing the candle at this level every week may activate the bullish “cups and handles” pattern. If confirmed, the upside target could be extended to $423.17, $527.80 or could be a new all-time high.
Failure to clear $369.07 may prompt support for $282.09, $219.00, $190.34, $169.12 and $129.20. Of these, $129.20 is considered the last line of defense. The weekly closure below will invalidate the bullish structure and propose a move towards a cyclical low.
HBAR price forecast
After an impressive 8x rally from the low, HBAR is taking corrective measures to approach strong support at $0.13926. The bounce here may reignite bullish momentum with an upside target of $0.26425. Weekly candles that turn off this resistor will strengthen to the $0.33274 and $0.37477.
However, seals near below $0.13926 will increase the possibility of extending the consolidation phase around the previous bottom layer.
in conclusion
AltCoins has reached a critical technological connection, with several signs of a major crash or potential reversal. While Bitcoin merges, traders should closely monitor the candles to close around determined support and resistance levels. In the short term, the downside risk of AltCoins remains elevated given current market sentiment and inter-market signals (such as Total 3 and BTC.D).
Maintain disciplinary action and always confirm through multi-time frame analysis before positioning.
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Post price forecast 6/06: BTC, HBAR, AAVE, FET, ATOM, FIL and XLM first appeared on NFT night.
