Bitcoin price analysis
The failure of the bears to tug the price below the immediate support at $25,811 attracted solid buying by the bulls. They pushed Bitcoin back into the symmetrical triangle pattern on May 28, but higher levels are attracting selling.
The bears are attempting to stop the recovery at the resistance line of the triangle. If the bulls do not allow the price to slide below the 20-day EMA ($27,255), it will enhance the prospects of a break above the resistance line. If that happens, the BTC/USDT pair could rally to $30,000 and then to $31,000.
On the way down, the first support to watch out for is the 20-day EMA. If this level gives way, it will suggest that the bears are selling on rallies. The pair may then plunge to the vital support zone between $25,811 and $25,250.
Ether price analysis
The RSI has jumped into positive territory and the 20-day EMA ($1,841) has started to turn up, indicating that bulls have the upper hand. If bulls flip the resistance line into support, the ETH/USDT pair could rally to $2,000 and subsequently to $2,141. The pattern target of the bullish setup is $2,259.
Contrary to this assumption, if the price turns down sharply and tumbles below the 20-day EMA, it will suggest that the breakout may have been a bull trap. The pair may then crumble to the support line.
BNB price analysis
The bulls pushed BNB above the immediate resistance of the 20-day EMA ($311) on May 28, indicating that the $300 level is acting as a strong floor.
Buyers will try to push the price to the resistance line of the descending channel pattern. The bears are expected to defend this level aggressively because if they fail to do that, the BNB/USDT pair could surge to the overhead resistance of $350.
Contrarily, if the price turns down from the resistance line, it will suggest that the pair may spend some more time inside the descending channel. The $300 level remains the key level to watch on the downside because a break below it could sink the pair to $280.
XRP price analysis
XRP climbed above the neckline of the inverse head-and-shoulders pattern on May 28, which completed the bullish setup.
Usually, after the breakout from a pattern, the price returns to retest the breakout level. In this case, the price may drop to the neckline. If the price rebounds off this level with strength, it will suggest that the bulls have flipped the neckline into support. That will enhance the prospects of a rally to the pattern target of $0.55.
Contrarily, if the price turns down and breaks below the 20-day EMA ($0.46), it may trap several aggressive bulls. The XRP/USDT pair may then slump to $0.44 and subsequently to the crucial support at $0.40.
