Price Prediction 2/14: BTC, ETH, XRP, BNB, SOL, DOGE, BCH

BCH recently displaced ADA from the top 10, becoming the 10th-largest cryptocurrency. It has seen notable increases over the last seven days, which have facilitated its climb.

One significant event happened on Friday when it surged by over 12%. BCH peaked at $570 but ended the day slightly lower. Nonetheless, it resumes the uptick on Saturday and edges closer to the previous high.

Aside from the altcoin, the global cryptocurrency market cap saw its largest single-day spike of the week. It gained over 3% during the previous intraday session, erasing the losses it incurred two days earlier.

While the recent surge is widely celebrated as the first green since the week started, the 4-hour chart shows some concerning indicators. For example, the market is at bollinger’s upper band, which means the uptick may be nearing its end.

Nonetheless, aside from the BB, other metrics such as MACD and RSI remain positive, suggesting a higher chance of further increases.

The weekend is gearing up to be a volatile one as several cryptocurrencies are seeing notable increases at the time of writing. For example, TAO and ZEC retested new highs a few hours ago and are up by 10% and 5%, respectively.

Let’s see how assets in the top 10 will perform in the coming days.

BTC/USD

Following a 4-day decline, BTC is on the path to recovery. It had such a massive increase on Friday that it erased the losses it incurred two days earlier. As it stands, it has pulled back almost all of its losses.

The uptrend continues into Saturday. The buyers continue to push for more following the almsot 4% gain during the previous intraday session. Currently up by nearly 2%, it reclaimed $70k a few minutes ago.

If current trading conditions remain the same, the apex coin will surge even higher. Indicators on the 4-hour chart support this assertion, with one, MACD flipping positive and printing the same buy signal. Additionally, the relative strength index is at 60, a normal level indicating room for further upside.

Previous price movement points to a possible retest of $72k in the coming hours. If it breaks, BTC may attempt $75k by Monday. Nonetheless, the asset is currently trading above the bollinger bands.

ETH/USD

Ethereum broke above $2k on Friday, surging from a low of $1,923 to $2,073. Although it lost momentum towards the end, it gained over 5%. A closer look at the 1-day chart shows that the bulls attempted a buyback on Thursday but failed.

The latest increase marked a final breakout from the bearish dominance. Continuing the uptrend, ETH is currently up over 2%. It is edging closer to retesting Tuesday’s high and decisively flipping $2,100 at the time of writing.

Indicators on the 4-hour chart suggest an increased likelihood that the upward momentum will extend into Monday. One such is RSI, which is at 63. It indicates that the altcoin is currently experiencing healthy buying. Its readings align with those from MACD, which displayed a positive crossover on Thursday.

After decisively flipping $2,100, previous price action suggests ETH may struggle to break $2,150. However, surging above it may guarantee an attempt at $2,300.

XRP/USD

XRP had another massive hike a few hours ago. It kicked off at $1.40 on Saturday and peaked at $1.47. The 1-day chart shows a massive single-day surge, one that eclipses Friday’s.

Nonetheless, the 4-hour chart shows that upward momentum is slowing. The altcoin is trading slightly lower than its high. It remains to be seen if this is the start of a reversal or just another correction. However, the bollinger bands are currently negative.

The BB’s reading differs from those of RSI and MACD, which favor further upside. In the event of further increases, XRP will break above $1.50 before Monday.

BNB/USD

The moving average convergence divergence on the 4-hour chart flipped positive on Wednesday.  However, BNB failed to surge as expected. This time may be different as the coin averted another bearish divergence on the metric.

Aside from indicators, BNB is trading above its 4-day high as of writing. Like BCH, it had significant increases on Friday, which resulted in its retesting $625. The breakout happened a few hours ago as the uptrend resumed on Saturday.

Since the coin reclaimed $630, the bulls will look to continue the uptrend. The next price target will be $670.

SOL/USD

Solana kicked off Saturday with notable increases, surging above Tuesday’s high. It is also trading almost 3% above its opening price.

Like BCH, it continues the Friday’s hike, which saw it gain over 7%. Nonetheless, the 4-hour chart shows the first sign of trouble. SOL is printing its first red candle of the day following a slight pullback during the previous session.

The bollinger bands suggest that the decline may worsen in the coming hours. If this happens, the asset risks losing all of its gains. However, RSI and MACD suggest a reduced chance of this playing out: both are currently positive. Solana will surge above $90 if the uptick resumes.

DOGE/USD

Like BCH, DOGE is experiencing notable increases at the time of writing. Following its 6% surge on Friday, it has since maintained the upward momentum. It surged by 3% earlier but saw slight corrections due to rejections at $0.10.

Nonetheless, the asset is trading above its seven-day high. It remains to be seen if the resistance will break over the weekend, as the 1-day chart shows several failed retests.

However, the 4-hour chart shows that the coin may surge slightly higher before a significant retracement. It means the current correction may fade in the coming hours, and DOGE will break above $0.10.

BCH/USD

The relative strength index on the 4-hour chart shows that BCH was overbought a few hours ago. It surged to 72 but is back below 70 at the time of writing.

Based on RSI, it will retrace even lower in the coming hours. In response to being overbought, the chart shows that the upward momentum slowed. Its latest red candle may signal a larger decline unfolding over the weekend.

Aside from RSI, BCH broke above the bollinger bands on Friday. The metric suggests that correction is long overdue. If the downward momentum continues, the asset will slip below $540 in the coming days.

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