Swedish tech firm H100 Group rallied almost 40% on news of its $490,000 Bitcoin purchase aimed at diversifying company reserves. As more tech firms turn to Bitcoin as a treasury asset, Sweden&#8217;s health tech company H100 Group AB has followed…

Swedish tech firm H100 Group gains nearly 40% on first Bitcoin treasury buy

Solana (SOL) is beginning to show signs of renewed strength as technical 
indicators hint at a potential breakout. On the weekly chart, the MACD is 
curling up and has recently crossed above the signal line, a bullish signal 
that often precedes major price movements. With momentum slowly building, 
traders are now watching closely to see if this shift marks the beginning of a 
larger rally. Momentum Builds For A Possible Solana Breakout In a recent X 
post, market analyst Willjayducks drew attention to a significant bearish 
divergence that unfolded on the Solana weekly chart. He pointed out that as 
the price surged into its blow-off top, the RSI and MACD indicators showed 
weakening momentum. This divergence between price action and momentum 
indicators is a classic technical pattern that typically precedes sharp 
corrections. Related Reading: Solana Flips Bullish: Price Climbs Above 
Ichimoku Cloud With Strong Momentum Following this setup, Solana experienced a 
steep decline, shedding approximately 67% of its value in just 84 days. 
According to Willjayducks, this dramatic drop suggests the bearish divergence 
has “arguably played out,” implying that the correction phase may be nearing 
its end. He further elaborated that the MACD is now curling upward and has 
recently crossed above the signal line. This crossover suggests that the 
recent downward pressure may be easing, setting the stage for a potential 
recovery. According to his analysis, if SOL can gather enough strength and 
sustain its current upward momentum, the MACD line could eventually cross 
above the zero line, a more definitive bullish signal that typically confirms 
a shift in trend. Should this scenario unfold, the analyst believes Solana may 
be poised to push toward new highs, reigniting interest among traders and 
investors. However, he also noted a word of caution: if or when this bullish 
breakout occurs, he’ll be closely monitoring the chart for any emerging signs 
of bearish divergence, which could once again hint at an overheated market. 
Bearish Outcome Still On The Table In the climax, the analyst mentioned that 
there is still a chance things just fizzle out here and continue into a bear 
trend. Despite recent bullish signals and technical improvements, he cautioned 
that the current momentum might not be strong enough to sustain a full 
reversal. Related Reading: Solana Short-Term Indicator Signals Potential Risk 
– Reversal Or Pause? While price action may stall, leading the market back 
into a prolonged period of downside movement, Willjayducks emphasized that all 
we can do for now is watch price action closely and plan for all scenarios. 
Whether the market pushes higher or fades into weakness, he advised staying 
alert and adaptable. Featured image from Adobe Stock, chart from 
Tradingview.com

Solana MACD Curling Up – Is This The Prelude To A Breakout?

Kalshi, a prediction marketplace based in the United States, has expanded its 
crypto support with the addition of Solana deposits. The marketplace announced 
it had enabled Solana (SOL) as a new account funding option on Friday, May 23, 
with this…

Kalshi adds support for Solana deposits

The U.S. Securities and Exchange Commission (SEC) has charged Alexandre 
Konanykhin with securities fraud after he allegedly swindled more than 5,000 
unsuspecting investors by inflating the value of his company’s Unicoin tokens. 
SEC Accuses Unicoin Leadership of $110M Investor Scam “Wanted dead or alive, 
Vladmir Putin, for mass murder,” the February 2022 Facebook post reads. […]

Unicoin Executive Who Put Bounty on Vladimir Putin’s Head Charged With $110M Fraud

PEPE has recently rejected a key resistance level, prompting a pullback in the 
current uptrend. However, technical indicators and market structure continue 
to signal strength, with a higher low likely forming. PEPE’s (PEPE) price 
action has cooled off after hitting…

PEPE price prediction: +10% pullback signals bullish trend continuation

**Key points:**
 * Bitcoin slipped below $109,588, but technical charts suggest traders are buying each dip.
 * Excessive leverage in Bitcoin futures increases the risk of a quick correction.
 * Select altcoins have turned down from their respective overhead resistance levels, signaling that the bears remain sellers on rallies.
Sellers have pulled Bitcoin (BTC) back below the breakout level of $109,588, 
but lower levels are likely to attract buyers. Investor interest remains 
strong, with the US spot Bitcoin exchange-traded funds witnessing inflows of 
$934 million on May 22 and $608 million on May 21, according to SoSoValue 
data.
Glassnode noted that the all-time high above $109,588 led to a total profit- 
taking volume of roughly $1 billion, far more muted than the $2 billion when 
the price rose above $100,000 in December. That shows the investors expect the 
up move to continue.
Veteran trader Peter Brandt said in a post on X that Bitcoin was on target to 
hit between $125,000 and $150,000 by the end of August.
_Crypto market data daily view. Source:__Coin360_
A strong rally attracts speculators who load up on leverage. CoinGlass data 
shows that Bitcoin futures open interest rose to just over $80 billion on May 
23. Excessive leverage increases the risk of forced liquidation when prices 
witness a sharp pullback. Therefore, traders should exercise caution.
What are the critical support levels for Bitcoin and altcoins? Let&#8217;s analyze 
the charts of the top 10 cryptocurrencies to find out.
## Bitcoin price prediction
Sellers are trying to sustain the price below the breakout level of $109,588, 
which may trap the aggressive bulls. That could pull the price to the 20-day 
exponential moving average ($103,652).
_BTC/USDT daily chart. Source: Cointelegraph/TradingView_
A solid bounce off the 20-day EMA suggests that the sentiment remains positive 
and traders are buying on dips. The bulls will then again attempt to resume 
the uptrend by pushing the price above $111,980. If they can pull it off, the 
BTC/USDT pair could dash toward the target objective of $130,000.
The first sign of weakness will be a break below the 20-day EMA. That clears 
the path for a drop to the psychologically crucial level of $100,000. Buyers 
are expected to fiercely defend the $100,000 level because a break below it 
could sink the pair to the 50-day simple moving average ($94,001).
## Ether price prediction
Ether (ETH) turned down from the $2,738 resistance, indicating that the bears 
are vigorously defending the level.
_ETH/USDT daily chart. Source: Cointelegraph/TradingView_
The ETH/USDT pair could drop to the 20-day EMA ($2,388), which is a vital 
support to keep an eye on. If the price rebounds off the 20-day EMA with 
strength, the bulls will again try to clear the $2,738 hurdle. If they do 
that, the pair could soar to $3,000. There is resistance at $2,850, but it is 
likely to be crossed.
This positive view will be invalidated in the near term if the price continues 
to fall and breaks below the 20-day EMA. The pair could plunge to $2,323 and 
then to $2,111.
## XRP price prediction
XRP (XRP) remains stuck inside the $2.65 to $2 range, indicating a balance 
between supply and demand.
_XRP/USDT daily chart. Source: Cointelegraph/TradingView_
The 20-day EMA ($2.35) is flattening out, and the RSI is near the midpoint, 
suggesting that the XRP/USDT pair may extend its stay inside the range for a 
few more days.
A break and close above $2.65 will complete a bullish inverse head-and- 
shoulders pattern, which has a target objective of $3.70. Alternatively, a 
break below the $2 level suggests that the bears have overpowered the bulls. 
That increases the likelihood of a drop to $1.60 and subsequently to $1.27.
## BNB price prediction
BNB (BNB) turned down sharply from the $693 resistance on May 23, signaling 
aggressive selling by the bears.
_BNB/USDT daily chart. Source: Cointelegraph/TradingView_
The BNB/USDT pair bounced off the 20-day EMA ($647), as seen from the long 
tail on the candlestick. That shows solid buying at lower levels. The bulls 
will again try to thrust the price above $693. If they manage to do that, the 
pair could skyrocket to the $732 to $761 resistance zone.
Instead, if the price turns down and breaks below the 20-day EMA, it suggests 
that the bulls are booking profits. The pair may then plummet to the 50-day 
SMA ($612).
## Solana price prediction
Solana (SOL) climbed above the $180 resistance on May 23, but the bears are 
posing a strong challenge at $185.
_SOL/USDT daily chart. Source: Cointelegraph/TradingView_
The upsloping 20-day EMA ($167) and the RSI in the positive zone indicate the 
path of least resistance is to the upside. If buyers sustain the price above 
$185, the SOL/USDT pair could rally to $210 and later to $220.
Contrary to this assumption, if the price turns down and breaks below the 
20-day EMA, it suggests that the bulls are rushing to the exit. That heightens 
the risk of a drop to the 50-day SMA ($147).
## Dogecoin price prediction
Dogecoin (DOGE) turned down from the $0.26 overhead resistance on May 23, 
indicating that the bears are fiercely defending the level.
_DOGE/USDT daily chart. Source: Cointelegraph/TradingView_
The DOGE/USDT pair could descend to the 20-day EMA ($0.21), which is an 
important support to watch out for. A solid bounce off the 20-day EMA signals 
a positive sentiment, improving the prospect of a break above $0.26. If that 
happens, the pair could rally to $0.35. There is resistance at $0.29, but it 
is likely to be crossed.
This optimistic view will be invalidated in the near term if the price turns 
down and breaks below $0.21. That suggests a possible range-bound action 
between $0.14 and $0.26.
## Cardano price prediction
Cardano (ADA) bounced off the neckline of the inverse H&amp;S pattern, but the 
bulls could not clear the overhead obstacle at $0.86.
_ADA/USDT daily chart. Source: Cointelegraph/TradingView_
If the price continues lower and breaks below the neckline, it shows that the 
bears are active at higher levels. The ADA/USDT pair could drop to the 50-day 
SMA ($0.69) and later to the solid support at $0.60.
Contrarily, a solid bounce off the 20-day EMA ($0.75) shows demand at lower 
levels. The bulls will then again attempt to kick the price above $0.86. If 
they succeed, the pair could ascend to $1.01.
_**Related:**__**Bitcoin&#8217;s new all-time high has traders asking: Is BTC price 
overheating at $111K?**_
## Sui price prediction
Buyers failed to push Sui (SUI) above the overhead resistance of $4.25 on May 
22, indicating that the bears are aggressively defending the level.
_SUI/USDT daily chart. Source: Cointelegraph/TradingView_
Repeated failure to cross the $4.25 level may have tempted short-term buyers 
to book profits. That pulled the price below the 20-day EMA ($3.73). If the 
price sustains below the 20-day EMA, the SUI/USDT pair could plummet to the 
50-day SMA ($3.09).
On the contrary, if the price turns up from the 20-day EMA and breaks above 
$4.25, it indicates the resumption of the up move. The pair could climb to $5 
and eventually to $5.37, where the bears are expected to step in.
## Hyperliquid price prediction
Hyperliquid (HYPE) soared above the stiff overhead resistance of $28.50 on May 
22, indicating the start of the next leg of the up move.
_HYPE/USDT daily chart. Source: Cointelegraph/TradingView_
The bulls pushed the price above the $35.73 resistance on May 23, but the long 
wick on the candlestick shows the bears are trying to defend the level. If 
buyers do not cede much ground to the bears, the HYPE/USDT pair could surge to 
$42.25.
Time is running out for the bears. If they want to make a comeback, they will 
have to swiftly drag the price back below the 20-day EMA ($26.32). That 
signals the pair has formed a local top near $37.59.
## Chainlink price prediction
Chainlink (LINK) closed above the resistance line of the descending channel 
pattern on May 22, but the bulls are finding it difficult to maintain the 
momentum.
_LINK/USDT daily chart. Source: Cointelegraph/TradingView_
The bears are trying to pull the price back into the descending channel. If 
the price skids below the neckline, it suggests that the breakout above the 
resistance line may have been a bull trap. The LINK/USDT pair could sink to 
$13.20, keeping the price stuck inside the channel for some more time.
Conversely, a solid bounce off the resistance line indicates that the bulls 
are trying to flip the level into support. The pair could rise to $18 and 
thereafter to $19.80.
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.