Price Prediction for May 26: S&P 500, Dollar Index, Bitcoin, Ethereum, XRP, BNB, SOL, Doge, ADA, HYPE
Bitcoin experiences buying interest with each dip, but breaking through key resistance will determine the next move for many Altcoins.
Key Points:
- Continued strong buying of Bitcoin ETPs indicates bullish expectations for an upward trend
- Multiple mainstream Altcoins are experiencing pullbacks, but still attracting buyers at lower levels
Bitcoin is attempting to maintain support above $69,588, showing buying interest with each minor dip. Bitcoin has risen for seven consecutive weeks, and continuing this trend this week could open up further upside potential. Crypto analyst Carpe Noctom noted on X platform that Bitcoin has only seen three instances of eight consecutive weeks of positive closes, with each time creating higher prices in the subsequent 6 and 12 months.
Institutional investors are sensing long-term opportunities, continuously injecting funds into Bitcoin exchange-traded products (ETPs). CoinShares' May 26 report shows that Bitcoin ETP inflows reached $2.9 billion last week, representing a quarter of the total inflows in 2024.
[The rest of the translation follows the same professional and accurate approach, maintaining the specific cryptocurrency term translations as specified.]Bulls are trying to maintain Cardano above the neckline of the head and shoulders bottom formation, but have not yet been able to launch a strong rebound.
ADA/USDT daily chart. Source: Cointelegraph/TradingView
The 20-day moving average ($0.75) is gradually flattening, and the Relative Strength Index (RSI) is approaching the midline, indicating a balance between supply and demand. Bulls need to push the price above $0.86 to gain an advantage. If successful, the ADA/USDT trading pair could rise to $1.01.
Conversely, if the price falls and breaks below the neckline support, it would mean that bulls have given up resistance. The trading pair could potentially drop to the $0.60 support level, where buying interest is expected to be attracted.
Hyperliquid Price Prediction
Hyperliquid (HYPE) has maintained a strong upward trend in recent days. Bulls pushed the price above the $35.73 resistance level on May 25, demonstrating their dominance.
HYPE/USDT daily chart. Source: Cointelegraph/TradingView
Bulls will attempt to maintain the upward momentum, pushing the price towards the $42.25 resistance level, where bears are expected to counterattack. If they can hold their ground near $42.25, the upward trend could extend to $50.
On the downside, immediate support is at $35.73. If the HYPE/USDT trading pair rebounds from this level, the probability of breaking $42.25 will increase. If it breaks below the $32 support level, bears will regain control.
