BTC, UNI, ETH, ADA and DOGE Price Analysis! Crypto Expert Comments!

What kind of market will cryptocurrency traders face this weekend? We take a look at the current outlook for the most popular altcoins and, of course, Bitcoin.

Cryptocurrency traders saw declines this afternoon on data from the US. However, the weekend holds surprises, with Bitcoin's dominance weakening somewhat. XRP and several cryptocurrencies have already started to recover. We look at possible levels to visit in BTC, UNI, ETH, ADA and DOGE over the next two days. Will traders be smiling this week?

Bitcoin (BTC)

The cumulative value of cryptocurrencies continues to struggle around the 200-week MA. Even though today's unemployment and Non-Farm Payrolls data were negative, we could see a local top before the November meeting. Amid frequent fluctuations in Bitcoin price, the current market cycle has yet to reach its delta range. In recent weeks, the Bitcoin price has crossed the $20,000 threshold multiple times. In terms of investor psychology, the $20,000 zone is an important factor. A closer look at the recent Bitcoin price pattern shows that there is a possibility of further price declines. According to Crypto Quant data, BTC is currently forming a descending triangle pattern. This pattern is usually followed by a price breakout and loss of the current support level.

The technical outlook points to a delta price range of $17,000. However, several popular cryptocurrency analysts such as Capo and Poppe say the price will look for new highs above $20,000 for some time.

UNI, ETH, ADA and DOGE Price Analysis!

Let's take a look at the general outlook for altcoins. Of course, the direction of Bitcoin will be largely decisive for these altcoins. We should also keep in mind that the US September inflation data on Thursday, October 13 may also affect prices.

UniSwap (UNI) Comment

On October 5, UniSwap (UNI) price was bullish from the resistance at $5.7. A break of resistance could encourage buyers to complete a bull cycle within a symmetrical triangle pattern. A break of the UNI price at $6.75 signals further upside. Although it has fallen to $6.71 at the time of writing, buyers are still holding close to the critical zone. The $7.6 and $9.6 resistances at the end of the week can be targeted in the best case scenario. The loss of the current support may push the price to $5.68 support depending on the general market conditions.

Ethereum (ETH) Comment

Ethereum price has been trading near the 20-day EMA ($1,364) since October 4. Although the bears are defending this area, the bulls haven't given up yet. This suggests that buyers expect the rebound to extend further. The resistance line of the descending channel can be targeted if buyers can push the price above the 20-day EMA and the horizontal resistance at $1,410. If the price turns sharply down from the resistance line, ETH price will spend a few more days inside this channel. However, if the bears are able to close below the support zone, we could see a sharp drop for ETH to $1,220 and beyond with bigger selling.

Cardano (ADA) Comment

Cardano (ADA) broke below the uptrend line on September 30 and the bears successfully defended the level during the retest from October 4-6. This suggests that the bears have turned the uptrend line into resistance. With the Vasil hard fork euphoria over, this was hardly surprising. The bears will try to pierce the 0.40 support. If this support is broken, the sell-off may gain momentum. In the downside scenario, ADA traders could see a drop to $0.35. If the bulls want to avoid another decline, they will need to quickly push the price above the moving averages.

Dogecoin (DOGE) Comment

Dogecoin (DOGE) is in critical territory, news about the Twitter sale is more important for DOGE than technical analysis. Elon Musk has offered to return to the deal, but there are complications in securing financing. If this is not a tactic to avoid a lawsuit close to trial, the Twitter sale could send the DOGE price skyrocketing. Dogecoin broke above the moving averages on October 4 but the bulls were unable to sustain the momentum.

Buyers will take advantage if they can push the price above $0.07. After that, we could witness a rapid rise as there is no strong resistance between $0.07 and $0.09. In contrast, if the price falls below the moving averages, the bears will again try to push the pair below the support near $0.06. Afterwards, the June low of $0.05 could be targeted by the bears.

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