 Price analysis 1/15: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, AVAX, XLM, SUI 
2025-01-16
Category: None

Bitcoin BTCUSD extended its recovery on Jan. 13, with the bulls challenging the crucial overhead resistance at $100,000. Risk assets received a boost following the latest Consumer Price Index report, which was lower than economists’ expectations.
ARK Invest said in “The Bitcoin Monthly” report that Bitcoin’s monthly volatility in December was relatively low compared to its yearly volatility, suggesting that Bitcoin has not reached the mania phase yet. That signals a further upside in 2025.
Another bullish projection was from CryptoQuant, which said in its latest weekly report that “favorable regulatory, monetary and cyclical conditions” could keep the capital flowing into Bitcoin, pushing its price to at least $145,000 in 2025.
Fundstrat Capital chief investment officer Tom Lee said in a CNBC interview on Jan. 13 that investors will not lose money buying near $90,000. He added that Bitcoin is poised to be “one of the best-performing assets of the year.” However, Lee did not rule out Bitcoin dropping to $70,000 or even to the $50,000 range.
Could Bitcoin surge above $100,000, pulling select altcoins higher? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price analysis
Bitcoin bounced off sharply from the $90,000 support on Jan. 13, indicating that the traders are buying the dips.
The BTCUSDT pair has reached the downtrend line, which is expected to pose a substantial challenge. If the price turns down from the downtrend line, the bears will again attempt to sink the pair to $90,000. 
Conversely, if the price breaks above the downtrend line, it will signal an advantage to buyers. The pair could rise to $102,724 and subsequently to $108,353. A break above this resistance could propel the pair to $126,706.
Ether price analysis
The failure of the bears to sustain Ether (ETH) below the neckline of the head-and-shoulders pattern suggests that the breakdown on Jan. 13 may have been a bear trap.
The ETHUSDT pair started a relief rally, which has reached the 20-day exponential moving average ($3,374). If buyers drive the price above the 20-day EMA, the next stop is likely to be the 50-day simple moving average ($3,566) and later $3,745.
Time is running out for the bears. If they want to make a comeback, they will have to pull the price back below the neckline. If they manage to do that, the pair could plunge to $2,850. Buyers are expected to vigorously defend the $2,850 level.
XRP price analysis
XRP (XRP) successfully held the retest of the breakout level from the triangle on Jan. 13, indicating that bulls remain in control.
The up move continued and has risen above the overhead resistance of $2.91. If the price maintains above $2.91, it will signal the start of the next leg of the uptrend. The XRPUSDT pair could then travel toward the target objective of $4.84.
Instead, if the price fails to sustain above $2.91, it will indicate that the bears are active at higher levels. That could tempt the short-term buyers to book profits, pulling the pair to the 20-day EMA ($2.44).
BNB price analysis
BNB (BNB) rebounded off the uptrend line on Jan. 13, indicating that the bulls are fiercely defending the level.
The 20-day EMA ($698) is flattening out, and the relative strength index (RSI) is near the midpoint, indicating a balance between supply and demand. If the price sustains above the moving averages, the likelihood of a rally to $745 increases.
On the other hand, if the price fails to maintain above the moving averages, it suggests selling on rallies. The BTCUSDT pair could then fall to the uptrend line. A break and close below the uptrend line opens the doors for a fall to $635.
Solana price analysis
Solana (SOL) fell below the uptrend line on Jan. 13, but the long tail on the candlestick suggests solid buying at lower levels.
The SOLUSDT pair has risen to the 20-day EMA ($196), which is an important level to watch out for. If the price turns down from the 20-day EMA with strength, it suggests that bears remain in control. The pair may then retest the support at $170.
Contrarily, a rise above the 20-day EMA will suggest that the bears may be booking profits. The pair could then climb to the 50-day SMA ($209). A break and close above this resistance could drive the pair to $223.
Dogecoin price analysis
Buyers successfully held the $0.30 level in Dogecoin (DOGE), indicating demand at lower levels.
The bulls pushed the price above the 20-day EMA ($0.35) on Jan. 14, signaling that the DOGEUSDT pair may swing inside the $0.30 to $0.40 range for a few more days. If buyers propel the price above $0.40, the pair could surge toward $0.48.
On the contrary, if the price turns down from the current level and breaks below the 20-day EMA, it will suggest that the bears are trying to take charge. A break and close below $0.30 could open the doors for a fall to $0.23.
Cardano price analysis
Cardano (ADA) dipped below the uptrend line on Jan. 13, but the bears could not sustain the lower levels.
The ADAUSDT pair started a recovery that has risen above the 50-day SMA ($1.01). Both moving averages have flattened out, and the RSI is just above the midpoint, suggesting that the pair may reach the resistance line.
Buyers will gain the upper hand on a break and close above the triangle. If that happens, the pair may rise to $1.33. Alternatively, if the price turns down sharply from the resistance line, it will suggest that the pair may remain inside the triangle for a while.
Avalanche price analysis
Avalanche (AVAX) plunged below the strong support at $35 on Jan. 13 but found support near $32.31.
The recovery gained momentum and rose above the 20-day EMA ($38.70), signaling that the bears are losing their grip. The AVAXUSDT pair could rally to $45, which is likely to act as a stiff hurdle.
Sellers will have to quickly pull the price back below the 20-day EMA if they want to retain the advantage. The pair could retest the critical support zone between $35 and $32.31. If this zone gives way, the pair could drop to $30 and then $27.
Stellar price analysis
Stellar (XLM) has formed an inverted H&S pattern, which will complete on a break and close above the neckline.
If that happens, the XLMUSDT pair is likely to pick up momentum and rally toward the overhead resistance at $0.64. The bears are expected to defend the level aggressively, but if the bulls prevail, the pair could rally toward $0.86.
Contrary to this assumption, if the price turns down from the neckline, it will signal that the bears are fiercely defending the level. The pair could then drop to the $0.37 level, signaling a possible consolidation in the near term.
Sui price analysis
Sui (SUI) bounced off the 50-day SMA ($4.35) on Jan. 15, and the bulls are trying to maintain the price above the 20-day EMA ($4.70).
If they succeed, it will signal that the sentiment remains positive and traders are buying at lower levels. That will improve the prospects of a rally to the overhead resistance at $5.37. If this level is taken out, the SUIUSDT pair may ascend to $5.82.
This optimistic view will be negated in the near term if the price turns down and breaks below the 50-day SMA. That signals the start of a deeper correction to $3.94 and later to $3.50.
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.