{"id":428095,"date":"2026-05-23T04:14:12","date_gmt":"2026-05-22T22:44:12","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-sell-off-poses-risk-to-nascent-altcoin-season-crypto-news\/"},"modified":"2026-05-23T05:39:19","modified_gmt":"2026-05-23T00:09:19","slug":"bitcoin-sell-off-poses-risk-to-nascent-altcoin-season-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-sell-off-poses-risk-to-nascent-altcoin-season-crypto-news\/","title":{"rendered":"Bitcoin Sell Off Poses Risk To Nascent Altcoin Season &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div data-testid=\"post__body\">\n<p><strong>Key points:<\/strong><\/p>\n<ul class=\"list-bullet\">\n<li class=\"\" style=\"\" value=\"1\">Bitcoin has dipped below $77,000, signaling that the bears are poised to seize control.<\/li>\n<li class=\"\" style=\"\" value=\"2\">Altcoins are a mixed bag, with some attempting to push through the overhead resistance while others struggle to hold on to the support.<\/li>\n<\/ul>\n<p>Bitcoin (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/bitcoin-price\"><span style=\"text-decoration: underline;\">BTC<\/span><\/a>) has dipped below $77,000, indicating that the bears are attempting to seize control. Glassnode said the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/markets\/bitcoins-less-aggressive-demand-may-lead-to-months-of-consolidation-analysis\"><span style=\"text-decoration: underline;\">true market mean at $78,300<\/span><\/a> has historically acted as a dividing line between bear and bull market regimes. If the price breaks sharply below the level, it suggests that the recent rally may have been a \u201clocal top within the ongoing bear market.\u201d<\/p>\n<p>Institutional investors seem to be selling, as evidenced by the sharp decline in the Coinbase premium over the past few days. LVRG research director Nick Ruck told Cointelegraph that the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/coinbase-premium-hits-monthly-low-as-institutional-selling-pressure-mounts\"><span style=\"text-decoration: underline;\">decline of the Coinbase premium signals selling<\/span><\/a> from large holders, which \u201ccould weigh on near-term price momentum across major crypto assets.\u201d<\/p>\n<p><figure><\/figure>\n<\/p>\n<p style=\"text-align: center;\"><em>Crypto market data daily view. Source: <\/em><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/heatmap\/crypto\/#%7B%22dataSource%22%3A%22Crypto%22%2C%22blockColor%22%3A%2224h_close_change%7C5%22%2C%22blockSize%22%3A%22market_cap_calc%22%2C%22grouping%22%3A%22no_group%22%7D\" rel=\"nofollow noopener\"><span style=\"text-decoration: underline;\"><em>TradingView<\/em><\/span><\/a><\/p>\n<p>What is the crucial level that suggests the bulls are back in command? Independent analyst Filbfilb said in a post on X that the previous two bear markets had ended after \u201ca >+20% weekly candle and a break of the weekly super trend.\u201d If the current bear trend has to fail, BTC has to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/markets\/bitcoin-price-record-90-day-uptrend-resembles-bull-market-rally-new-analysis?utm_campaign=rss_partner_inbound&#038;utm_medium=rss&#038;utm_source=rss_feed\"><span style=\"text-decoration: underline;\">rise above the super trend level at $88,000<\/span><\/a>.<\/p>\n<p>Could BTC and select major altcoins hold on to their strong support levels? Let\u2019s analyze the charts of the top 10 cryptocurrencies to find out.<\/p>\n<h2>Bitcoin price prediction<\/h2>\n<p>BTC turned down at the 20-day exponential moving average ($78,280), suggesting the bears are attempting to take charge.<\/p>\n<p><figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-937.png\" width=\"896\" height=\"608\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-937.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<\/p>\n<p style=\"text-align: center;\"><em>BTC\/USDT daily chart. Source: Cointelegraph\/<\/em><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" rel=\"nofollow noopener\"><span style=\"text-decoration: underline;\"><em>TradingView<\/em><\/span><\/a><\/p>\n<p>The $76,000 level is the critical support to watch on the downside, as a close below it would signal an advantage to the bears. That increases the risk of a drop to the support line, which is likely to attract buyers.<\/p>\n<p>Time is running out for the bulls. They will have to push and maintain the BTC price above the 20-day EMA to gain the upper hand. If they do that, the BTC\/USDT pair may begin its journey toward $82,000 and eventually reach the crucial $84,000 level.<\/p>\n<h2>Ether price prediction<\/h2>\n<p>Sellers are attempting to retain Ether (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/ethereum-price\"><span style=\"text-decoration: underline;\">ETH<\/span><\/a>) below the support line, but the bulls have kept up the pressure.<\/p>\n<p><figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-938.png\" width=\"896\" height=\"608\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-938.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<\/p>\n<p style=\"text-align: center;\"><em>ETH\/USDT daily chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<p>The bulls will have to drive the ETH price above the moving averages to signal a comeback. If they do that, it suggests that the break below the support line may have been a bear trap. The ETH\/USDT pair may climb to $2,465 and then to the resistance line of the ascending channel pattern.<\/p>\n<p>Contrary to this assumption, if the price declines from the current level or the 20-day EMA and breaks below $2,077, it would signal that the bears remain in control. That may sink the pair to the $1,916 support.<\/p>\n<h2>BNB price prediction<\/h2>\n<p>BNB (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/binance-coin-price-index\"><span style=\"text-decoration: underline;\">BNB<\/span><\/a>) rose above the 20-day EMA ($650) on Wednesday, and the bulls are attempting to push the price to $687.<\/p>\n<p><figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-939.png\" width=\"896\" height=\"608\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-939.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<\/p>\n<p style=\"text-align: center;\"><em>BNB\/USDT daily chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<p>Sellers will attempt to defend the $687 resistance, but if the bulls prevail, the BNB\/USDT pair may march toward $730 and then $790. Such a move suggests that the pair may have bottomed out at $570.<\/p>\n<p>The bears are likely to have other plans. They will attempt to defend the overhead resistance and pull the BNB price below the 50-day simple moving average ($631). If they succeed, the pair may extend its stay within the $570 to $687 range for a while longer.<\/p>\n<h2>XRP price prediction<\/h2>\n<p>XRP (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/xrp-price-index\"><span style=\"text-decoration: underline;\">XRP<\/span><\/a>) remains below the moving averages, indicating that the bears are in no mood to let go of their advantage.\u00a0<\/p>\n<p><figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-940.png\" width=\"896\" height=\"608\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-940.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<\/p>\n<p style=\"text-align: center;\"><em>XRP\/USDT daily chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<p>Sellers will attempt to strengthen their position by pushing the XRP price below the $1.27 support level. If they manage to do so, the XRP\/USDT pair may plummet to $1.11, where buyers are expected to step in.<\/p>\n<p>The first sign of strength will be a close above the downtrend line. The pair may then ascend to $1.61, a crucial level to watch. If buyers overcome the barrier, the pair may surge toward $2.40.<\/p>\n<h2>Solana price prediction<\/h2>\n<p>Solana\u2019s (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/solana-price-index\"><span style=\"text-decoration: underline;\">SOL<\/span><\/a>) relief rally reached the 20-day EMA ($87.83), where the bears are expected to pose a strong challenge.<\/p>\n<p><figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-941.png\" width=\"896\" height=\"608\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-941.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<\/p>\n<p style=\"text-align: center;\"><em>SOL\/USDT daily chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<p>If buyers propel the SOL price above the 20-day EMA, it suggests demand at lower levels. The SOL\/USDT pair may then climb to the $98 overhead resistance. A close above $98 signals the start of a new up move toward $117.<\/p>\n<p>On the contrary, if the price declines sharply from the 20-day EMA and breaks below $82.65, it suggests the bears remain in control. The pair may then tumble to the $76 support.<\/p>\n<h2>Dogecoin price prediction<\/h2>\n<p>Dogecoin (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/doge-price-index\"><span style=\"text-decoration: underline;\">DOGE<\/span><\/a>) turned up from the 50-day SMA ($0.10) on Wednesday, but the relief rally is facing resistance at the 20-day EMA ($0.11).<\/p>\n<p><figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-942.png\" width=\"896\" height=\"608\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-942.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<\/p>\n<p style=\"text-align: center;\"><em>DOGE\/USDT daily chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<p>If buyers pierce the 20-day EMA, the DOGE\/USDT pair may rise to the $0.12 overhead resistance. Sellers are expected to defend the $0.12 level, as a close above it would signal a short-term trend change. The DOGE price may then soar to $0.14 and later to $0.16.<\/p>\n<p>The 50-day SMA is the critical support to watch on the downside, as a break below it could sink the pair to the $0.09 level.<\/p>\n<h2>Hyperliquid price prediction<\/h2>\n<p>Hyperliquid (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/hyperliquid-price-index\"><span style=\"text-decoration: underline;\">HYPE<\/span><\/a>) continued its uptrend, skyrocketing to a new all-time high of $62.65 on Thursday.<\/p>\n<p><figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-943.png\" width=\"896\" height=\"608\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-943.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<\/p>\n<p style=\"text-align: center;\"><em>HYPE\/USDT daily chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<p>Sellers are fiercely defending the $59.41 level, as they have not allowed the bulls to close above it. The first support on the downside is the 38.2% Fibonacci retracement level of $53.29. If the HYPE price rebounds off the $53.29 level with strength, the bulls will again attempt to resume the uptrend. A close above $62.65 opens the door to a rally toward $77.<\/p>\n<p>Alternatively, a close below the $53.29 level suggests that the short-term traders are booking profits. The HYPE\/USDT pair may then tumble to the 50% retracement level of $50.41 and then the 20-day EMA ($46.97). The deeper the fall, the longer the time needed for the resumption of the uptrend.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/markets\/xrp-adds-4300-new-wallets-in-24-hours-but-why-is-price-stuck\"><span style=\"text-decoration: underline;\"><em><strong>XRP adds 4,300 new wallets in 24 hours, but why is price stuck?<\/strong><\/em><\/span><\/a><\/p>\n<h2>Cardano price prediction<\/h2>\n<p>Cardano (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/ada-price-index\"><span style=\"text-decoration: underline;\">ADA<\/span><\/a>) has been trading just below its moving averages, suggesting the bulls have not given up.<\/p>\n<p><figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-944.png\" width=\"896\" height=\"608\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-944.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<\/p>\n<p style=\"text-align: center;\"><em>ADA\/USDT daily chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<p>A break and close above the 20-day EMA ($0.25) opens the doors for a recovery to $0.29 and, after that, to $0.31. Buyers will have to clear the $0.31 hurdle to signal the start of a new up move.<\/p>\n<p>Instead, if the ADA price turns down from the moving averages, it suggests that the bears remain in control. There is support at $0.24, but if the level breaks down, the ADA\/USDT pair may slump to the bottom of the $0.22 to $0.31 range.<\/p>\n<h2>Zcash price prediction<\/h2>\n<p>Zcash (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/tags\/zcash\"><span style=\"text-decoration: underline;\">ZEC<\/span><\/a>) pole vaulted above the $643 resistance on Wednesday, but the bulls are struggling to sustain the higher levels.<\/p>\n<p><figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-945.png\" width=\"896\" height=\"608\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-945.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<\/p>\n<p style=\"text-align: center;\"><em>ZEC\/USDT daily chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<p>The relative strength index is forming a negative divergence, indicating that the bullish momentum is weakening. If the ZEC price closes below the $643 level, it signals the possibility of a deeper correction toward the 20-day EMA ($547).<\/p>\n<p>If the ZEC\/USDT pair turns up from the current level or the 20-day EMA, it indicates that the uptrend remains intact. The bulls will then make one more attempt to clear the $690 level, clearing the path for a rally to the $750 resistance.<\/p>\n<p>Bitcoin Cash price prediction<\/p>\n<p>Bitcoin Cash (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/bitcoin-cash-price-index\"><span style=\"text-decoration: underline;\">BCH<\/span><\/a>) has risen above the breakdown level of $375, but the rebound lacks strength.\u00a0<\/p>\n<p><figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-946.png\" width=\"896\" height=\"608\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/pasted-image-946.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<\/p>\n<p style=\"text-align: center;\"><em>BCH\/USDT daily chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<p>The relief rally is expected to face selling at the 38.2% Fibonacci retracement level of $393 and then at the 20-day EMA ($414). If BCH price declines from $393, the risk of a break below $348 increases. The BCH\/USDT pair may then resume the downtrend and plunge to $300.<\/p>\n<p>This negative view will be invalidated in the near term if buyers drive and maintain the price above the 20-day EMA.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Key points: Bitcoin has dipped below $77,000, signaling that the bears are poised to seize control. Altcoins are a mixed bag, with some attempting to push through the overhead resistance while others struggle to hold on to the support. Bitcoin (BTC) has dipped below $77,000, indicating that the bears are attempting to seize control. Glassnode [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":428098,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-428095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/428095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=428095"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/428095\/revisions"}],"predecessor-version":[{"id":428099,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/428095\/revisions\/428099"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/428098"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=428095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=428095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=428095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}