Home

News

Video

In-Short
June 9th Price Forecast: Analyzing SPX, DXY, and Top Crypto Assets (BTC, ETH, XRP, BNB, SOL, DOGE, ADA) & Hype.
  • 477 views
  • 3 min read

The financial markets are currently exhibiting a mix of optimism and caution as analysts provide their latest price predictions for a range of assets, including cryptocurrencies, the dollar index, and the S&P 500. Several factors, including technical indicators, market sentiment, and macroeconomic events, are influencing these forecasts.

S&P 500 (SPX)

The S&P 500 Index is displaying bullish momentum. The index extended its recovery last week, and buyers are trying to build upon the momentum on June 9. The upsloping 20-day exponential moving average (5,883) and the relative strength index (RSI) in positive territory indicate that bulls are in command. Buyers will attempt to push the price to the 6,147 overhead resistance. The move higher may not be easy, as sellers are expected to defend this level.

Dollar Index (DXY)

The dollar remains under pressure on the higher timeframes. The monthly chart confirms a bearish structure, with MACD momentum fading and price targeting a magnet zone between 96.30 to 96.68. While the weekly shows rangebound behavior since mid-April, the daily confirms sellers are in control, failing to break above 101.16 - 101.62. However, the 4H chart tells a short-term story: bullish divergence has triggered a breakout structure, and price is now holding above a fib support zone at 98.67. That opens the door for a short-term push to 100.21, especially ahead of the CPI release, before momentum resumes to the downside. Trading Economics' global macro models and analysts expect the United States Dollar to trade at 99.49 by the end of this quarter and estimate it to trade at 100.39 in 12 months.

Bitcoin (BTC)

Bitcoin is showing potential for further gains. Bitcoin has gained over $2,000, climbing from a low of $105,400.23 to over $107,500. A deep dive into the daily chart shows that the Bitcoin price is moving within an ascending channel, suggesting a continuation of the bullish momentum. The next resistance lies within the $108 and $109k range. A breakout above this level could set the stage for a new all-time high in the coming days. PlanB suggests that Bitcoin could soar as high as $130,000 before the end of June 2025 if its RSI retests 75. Changelly's most recent price forecast indicates that its value will increase by 12.73% and reach $118930.66 by June 09, 2025.

Ethereum (ETH)

Ethereum's price is at a critical point, defending an important support zone between $2,400 and $2,550. If ETH bounces off this support, the first resistance it needs to break is the 200-day SMA level of $2,669. Breaking above this level will confirm the long-term bullish outlook and favor a strong uptrend, potentially pushing ETH prices to the resistance zone between $3,800 and $3,900 and initiating a bull run above $4,000. However, Ethereum ends the trading week with a rise to 2505 and continues to move within the growth and downward channel.

XRP

XRP is exhibiting renewed momentum. As of June 9, 2025, the digital asset is trading around $2.26, after surging by more than 10% over the weekend. A top crypto analyst has now set a short-term price target of $3.87, citing technical breakouts and increasing market confidence. Breaking past $2.30 could lead to a mid-term target of $3.30 based on a bullish flag pattern.

Binance Coin (BNB)

Binance Coin (BNB) is within a defined range, with technical indicators suggesting early signs of a potential trend shift. The recent price action reflects consolidation behavior following a sharp correction earlier in June. Despite lower-than-average trading volume, the broader outlook indicates bullish momentum could build if BNB breaks through resistance near the $670 zone. If BNB breaks above the $670–$680 resistance with supporting metrics, it could initiate a mid-term rally targeting higher zones such as $700 or $740.

Solana (SOL)

Solana is showing neutral-to-bullish momentum as it consolidates near key EMAs. Solana price prediction for June 2025 suggests a potential move toward $179–$195 if resistance at $165 is broken. The rising optimism in the crypto market is due to the second round of US-China trade talks later in the day. The technical outlook projects an uptrend to $180 if bulls hold the fort above the $150 psychological level.

Dogecoin (DOGE)

Dogecoin started 2025 with high hopes, fueled by speculative bets, celebrity endorsements, and a broader memecoin resurgence. As a result, many investors are looking beyond nostalgia plays and shifting capital into more utility-driven opportunities. Some bulls believe it could hit $0.50 by the end of 2025, but others argue that without strong fundamentals or a new narrative, DOGE may struggle to outperform more dynamic projects.

Cardano (ADA)

Cardano (ADA) is trading at approximately $0.6631. If ADA can break above the $0.70 resistance level with substantial volume and hold it during a retest, the next logical target would be $1.60. The successful defense of this support sets the stage for a target of $0.8264, contingent on overcoming interim resistance levels at $0.6955 and $0.7452.

Hyperliquid (HYPE)

As of 9 June 2025, the Hyperliquid price is trading at $37.23. The technical chart on the weekly time frame shows a bullish engulfing pattern which suggests a strong momentum favoring buyers. Under the influence of this pattern, investors can expect HYPE to revisit the recently set up all-time high of $40. According to our Hyperliquid price prediction, HYPE could reach $38.97 in the next 10 days, what's about the long-term forecast price for 2025 will be $41.25, and the prediction for 2030 is $94.26.


Writer - Priya Joshi
Driven by social justice, a commitment to advocacy, and a passion for sports, Priya is focusing her early journalistic efforts on highlighting inequality and marginalization in her community. She's learning to report on sensitive topics with empathy and accuracy, ensuring vulnerable voices are heard. Her dedication to sports also fuels her understanding of fair play and collective effort, principles she brings to her reporting.
Advertisement

Latest Post


Sports  |  Jun 20, 2025
Quincy Promes, the Dutch soccer player, has been extradited from Dubai to the Netherlands on Friday, June 20, 2025, where he is expected to serve jail time for drug trafficking and assault convictions. The Dutch Public Prosecution Service has confirm...

Sports  |  Jun 20, 2025
The highly anticipated Test series between India and England has begun, and all eyes are on the new-look Indian team under the leadership of Shubman Gill. With the recent retirements of stalwarts Virat Kohli and Rohit Sharma, a significant void has b...

Technology  |  Jun 20, 2025
Bitcoin's price is showing signs of a potential rebound, but analysts suggest that reaching new all-time highs before July is unlikely. As of June 20, 2025, Bitcoin is trading near $106,000, reflecting a market in consolidation after experiencing a n...

World  |  Jun 20, 2025
On International Yoga Day, Indian Army soldiers showcased their dedication to fitness and well-being by practicing yoga at the Siachen Glacier, one of the world's highest and most challenging battlefields. This event highlights the army's commitment ...

Advertisement
Sports  |  Jun 20, 2025
As the NHL offseason heats up, one potential free agent destination for Claude Giroux is generating considerable buzz: the Montreal Canadiens. While the 37-year-old forward is reportedly focused on re-signing with the Ottawa Senators, the possibility...

Sports  |  Jun 20, 2025
During the first Test match between India and England at Headingley, Leeds, on June 20, 2025, former Indian cricketer Sanjay Manjrekar ignited a debate with a seemingly subtle jab at Virat Kohli during his commentary. Manjrekar's remarks came while h...

Sports  |  Jun 20, 2025
Yashasvi Jaiswal has etched his name in the record books with a magnificent century in the first Test against England at Headingley, Leeds. This remarkable feat not only marks his fifth Test century but also places him alongside the legendary Sourav ...

Sports  |  Jun 20, 2025
Mansher Khera, the Indian-origin MMA fighter making waves in the US, embodies a unique blend of discipline, toughness, and unwavering dedication. Known as the "Punjabi Prince," Khera's journey to becoming a rising star in the world of mixed martial a...

Advertisement
About   •   Terms   •   Privacy
© 2025 DailyDigest360