Price predictions 6/23: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE
Bitcoin is showing resilience above the $100,000 support level despite some altcoins breaking through key support levels, indicating potential further weakness for mid-caps. Notably, Bitcoin's steady performance during geopolitical tension is viewed positively by institutional investors, who continued to accumulate Bitcoin. The S&P 500 Index is facing selling pressure around the 20-day EMA, with a potential drop to the 50-day SMA if it fails to rebound. The US Dollar Index exhibits signs of a possible upward move if it breaks above key resistance. In the cryptocurrency market, Bitcoin's price is under pressure but could bounce back, while Ether shows resistance at $2,323. XRP, BNB, and Solana are also at critical support levels, reflecting market competitiveness, with specific resistance and support predictions for each asset. Dogecoin is trading within a defined range, and Cardano risks breaking below $0.50, which could signal a bearish outlook. Lastly, Hyperliquid shows signs of solid demand, with buyers potentially defending key support levels.
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