June 26 Technical Analysis: BTC, ETH, XRP, SOL, DOGE, ADA, HYPE, BCH, SUI

According to Gate news from CoinTelegraph, after U.S. President Donald Trump announced a "full ceasefire" between Israel and Iran, Bitcoin (BTC) began to rebound on Monday, surpassing $108,000, indicating sustained long positions demand.

Despite the escalating geopolitical tensions, the inflow of funds from institutional investors has not slowed down. According to data from Farside Investors, the U.S. spot Bitcoin ETF has recorded net inflows for 11 consecutive trading days since June 9, with a total inflow of $3.35 billion.

Given the current momentum, Bitcoin is approaching the historical high of $111,980. However, a true breakout may require a strong catalyst. Without this momentum, the price may continue to consolidate until the next trend is determined.

Can Bitcoin successfully set a new high and pave the way for the resurgence of altcoins? Let's analyze the charts of nine major cryptocurrencies to find out the answer.

BTC Technical Analysis

Bitcoin surged significantly from the $100,000 mark on Monday, breaking through moving averages, indicating robust buying at lower price levels.

The 20-day Exponential Moving Average (EMA) is at $105,154 and has started to rise, while the Relative Strength Index (RSI) has jumped into positive territory—indicating that long positions have returned to the market. It is expected that the bears will defend the area from the downward trend line to the historical high of $111,980.

If the price falls back from the upper resistance zone but finds support at the 20-day moving average, it indicates that long positions are using the pullback to accumulate. The long positions will continue to strive to break through that resistance zone.

On the contrary, if the price falls below the moving average line, it indicates that the BTC/USDT pair may continue to consolidate within a range of $98,200 to $111,980 for a period of time.

(Source: Trading View)

ETH Technical Analysis

Ethereum (ETH) rose from $2111 on Sunday and reached the 20-day EMA of $2473 on Tuesday.

The 20-day moving average is flattening, and the RSI is slightly below the midpoint, indicating a balance between supply and demand. If the price breaks above the moving average, the ETH/USDT trading pair may rise to $2738, and then further increase to $2879.

Conversely, if the price falls below the 20-day moving average and breaks below $2323, it indicates that short positions are taking profits. The currency pair may subsequently retest the strong support level at $2111.

(Source: Trading View)

XRP Technical Analysis

XRP rebounded strongly from the $2 support level on Monday, indicating that long positions are actively defending this price range.

Both moving averages are flattening, and the RSI is close to the midpoint - this suggests that the sideways trend in the range of $2 to $2.65 may continue for several days.

If buyers push the price above $2.65, or shorts pull the XRP/USDT pair below $2, the next trend will be established. If the support level of $2 is broken, the price could fall to $1.61. On the other hand, if $2.65 is breached, the rebound may continue until $3, and then $3.40.

(Source: Trading View)

SOL Technical Analysis

Solana (SOL) fell from $126 on Sunday and broke through the $140 breakout zone on Monday.

The rebound is facing selling pressure at the 20-day moving average (147 USD), but a positive sign is that long positions have not allowed the price to fall below the 140 USD level. This shallow pullback increases the likelihood of breaking through the 20-day moving average. If it breaks through, the SOL/USDT coin pair may rise to the 50-day moving average (160 USD).

To prevent further increases, short positions need to pull the price down to the support level of $140 and maintain that level. At that time, the currency pair may drop to $123, or even $110.

(Source: Trading View)

DOGE Technical Analysis

Dogecoin (DOGE) rebounded from the support level of $0.14 on Sunday, but the recovery may face selling pressure at the 20-day EMA ($0.17).

If the price falls significantly below the 20-day moving average, the bears will once again attempt to pull the DOGE/USDT currency pair below $0.14. If successful, the price may further drop towards the strong support area of $0.10.

On the contrary, if the long positions push the price above the 20-day exponential moving average (EMA), the next target will be the 50-day simple moving average (SMA) of $0.20. However, the bears will try to prevent the rebound at that SMA, keeping the currency pair fluctuating between $0.14 and $0.21 for some time.

(Source: Trading View)

ADA Technical Analysis

Cardano (ADA) rebounded from the support level of $0.50 on Sunday; however, the recovery may face selling pressure from the moving averages.

If the price falls from the 20-day moving average ($0.61), it indicates that bears are selling at every slight Rebound. This increases the risk of breaking below the $0.50 support level. In this case, the ADA/USDT pair may further drop to the $0.40 region.

On the contrary, if the long positions can break below the 20-day moving average, the currency pair may drop towards the 50-day moving average (0.69 USD). It is expected that the bears will form a strong defense between the 50-day moving average and the downward trend line. However, if the long positions gain the upper hand, it may indicate a trend reversal.

(Source: Trading View)

HYPE Technical Analysis

Hyperliquid (HYPE) rebounded from the 50-day SMA ($33.37) on Monday and broke through the 20-day EMA ($37.13).

If long positions keep the price above the 20-day moving average, the HYPE/USDT currency pair could spike to $42.50. However, long positions may struggle to reach the resistance zone between $42.50 and $45.80.

On the other hand, if the price breaks below the 20-day moving average, it reflects a lack of buying power at higher levels. This will open the door for the price to drop back to the 50-day moving average, and subsequently fall to the important support level of $30.50.

(Source: Trading View)

BCH Technical Analysis

Bitcoin Cash (BCH) rose from the 20-day EMA ($450) on Wednesday, indicating that lower levels are still attracting buying.

The current price has reached a strong resistance level of 500 USD, and it is expected that short positions will launch a fierce counterattack here. However, if long positions do not lose too much momentum due to selling pressure, the possibility of breaking through 500 USD will increase.

In this case, the BCH/USDT pair may soar to $550. If the price reverses and falls below the 50-day moving average ($424), this bullish view will become invalid in the short term.

In this case, the currency pair may drop to the $375 area.

(Source: Trading View)

SUI Technical Analysis

Sui (SUI) rebounded significantly on Monday, reaching the 20-day EMA ($2.94) on Tuesday, with bears exerting huge pressure on the stock.

The 20-day moving average is sloping downwards, and the RSI indicator is in the negative territory, indicating that the bears have the upper hand. The bears will attempt to pull the price down towards the support level of $2.29 to $2.00, but the long positions will certainly have countermeasures.

Long positions will attempt to halt the downtrend and push the price above the 20-day moving average. If successful, the SUI/USDT currency pair may move towards the 50-day moving average ($3.39). This move could indicate that the pullback may have ended.

(Source: Trading View)