The Bitcoin (BTC) price dropped to $ 85,000 on February 26, and a clear signal that the encryption market has not yet escaped from the forest. On February 25th, a break of $ 90,000 was less advantageous to Bears. This resulted in a $ 999 million leak from the US branch Bitcoin exchange trading funds.
Is Bitcoin boarding, or is it just a full back in a solid upward trend? That is a big problem in the heart of the merchant. Binance’s CEO Richard Teng said in X’s post that the current fullback is “tactical retreat” and “not reversal.” He added that the encryption market has stepped back after such a revision.
Encryption market data every day. source: Coin 360
Analysts maintain strength in the long run, but traders should be careful in the short term. If $ 85,000 is supported, Bitcoin will be in danger of liquidation of $ 1 billion in the long position on all exchanges, depending on the CoingLass data.
Can Bitcoin recover from $ 85,000 or will the level collapse? How is Altcoins placed? Let’s analyze the charts of the top 10 cryptocurrencies.
Bitcoin price analysis
Bitcoin collapsed on February 25 under the support of $ 90,000 to complete the weak tower pattern. The goal of this setting is $ 70,412.
BTC/USDT daily chart. Source: COINTELEGRAPH/TradingView
But the bull will not give up easily. The overall acid level of the relative strength index (RSI) represents a short -term relief rally. All bounces are likely to face a solid sales of $ 90,000. If the price drops sharply from $ 90,000, it suggests that bears have supported the level. This increases the risk of falling to $ 73,777.
The time for the bull is coming. If they want to return, they must quickly push the BTC/USDT pairs to more than $ 90,000. The 20 -day index moving average ($ 95,194) can be challenged again, but it can be seen that if the bull prevail, the correction may end.
Ether price analysis
Ether (ETH) is rapidly lowered from $ 2,850 overhead resistance on February 24, indicating that bears are strongly defending their level.
ETH/USDT daily chart. Source: COINTELEGRAPH/TradingView
After the price slipped below $ 2,520, the sale was $ 2,300 and the ETH/USDT pairs were raised to the next strong support. The buyer is trying to start recovery, which is expected to be sold for $ 2,520 and then sold on the 20th EMA ($ 2,700).
The buyer will take advantage of the 50 -day SMA price and maintain the price ($ 2,974). On the contrary, relaxation of less than $ 2,300 can remove the path that can fall to important support at $ 2,111.
XRP price analysis
XRP (XRP) was divided under the support of the symmetrical triangle pattern on February 24, suggesting that the bear overwhelmed the bull.
XRP/USDT daily chart. Source: COINTELEGRAPH/TradingView
Bulls tried to return to the triangle on February 25, but bears are defending their level. If the price drops sharply in the support line, you can see that the bear has turned the level with resistance. The XRP/USDT pairs can be lowered to $ 1.80.
Instead, if the buyer drives the price as a triangle, the pair can reach the 20 -day EMA ($ 2.54). This remains the main short -term level to note because the market has been reduced to rest under the support line with the recovery of the 20 -day EMA.
BNB price analysis
BNB (BNB) was lower than the $ 635 support on February 24, gaining $ 460 to $ 745 more.
BNB/USDT daily chart. Source: COINTELEGRAPH/TradingView
The bull is trying to start a relief rally, which is expected to be sold on the 20th EMA ($ 644). If the price drops sharply on the 20 -day EMA, the risk of breaks of less than $ 586 will increase. The BNB/USDT pairs can drop to $ 557.
If the price is higher than the 50 -day SMA ($ 660), the weak view is in the short term. This pair can be rallyed at $ 686, which is expected to attract Bears’ sales.
Solana price analysis
SOLANA (SOL) showed a strong decline, but as seen in the long tail of the candlestick on February 25, Bulls tries to arrest a $ 133 reduction.
SOL/USDT daily chart. Source: COINTELEGRAPH/TradingView
RSI of overburdened territory suggests that recovery is likely to be in the short term. The SOL/USDT pairs can be returned to the level after 38.2% fibonacci of $ 150, and it can rise to $ 156 by 50%. If the price drops from overhead resistance, the risk of rest is less than $ 133.
Conversely, rest and over $ 156 rest suggests that sales pressure is decreasing. Then the bull pushes the pair to EMA ($ 175) on the 20th.
Dogecoin price analysis
Dogecoin (DOGE) indicates that the bear is being controlled by closed under the support of the channel pattern on February 24.
Doge/USDT Daily Chart. Source: COINTELEGRAPH/TradingView
The bull is trying to push the price back to the channel, but it is expected to face a significant resistance of the bear. If the price is rejected in the support line or on the 20th EMA ($ 0.25), the Doge/USDT pairs can extend the drop to $ 0.15.
The buyer must push and keep the price of EMA more than 20 days to suggest that the bear is losing the grip. Then the pair can be gathered by 50 days SMA ($ 0.30) to attract the seller.
Cardano price analysis
Cardano (ADA) protrudes the support of the channel pattern on February 25, indicating that the bull is actively defending the level.
ADA/USDT daily chart. Source: COINTELEGRAPH/TradingView
Bulls will try to start a remedy rally, which is expected to be sold in EMA ($ 0.76) on the 20th. If the price drops sharply in the EMA on the 20th, Bears will try to calm down the ADA/USDT pairs under the support line. If they do so, the pair can fall to $ 0.50.
Or the EMA, which is close to 20 days of rest, suggests that pairs may remain inside the channel for more time.
relevant: What happened in Crypto today is:
Chain Link price analysis
ChainLink (link) fell below the support line of the lower channel pattern on February 25, but the long tail of the candlestick shows that it is purchased at a low level.
Link/USDT daily chart. Source: COINTELEGRAPH/TradingView
RSI in the downward moving average and the radiation area is likely to sell for every mild upward rise. If the price falls below the support line and maintains, the link/USDT pair can be reduced to $ 12.71.
This negative view rises in the short term when the price rises and the 20 -day EMA is invalidated. Then this pair was able to go up to SMA ($ 20.78) on the 50th and to extend to stay inside the channel for several days.
SUI price analysis
SUI (SUI) slipped under the support of $ 2.86 on February 24 on February 24, but as shown in the long tail of the candle stick on February 25, the lower level attracted the buyer.
SUI/USDT Maeil Chart. Source: COINTELEGRAPH/TradingView
Recovery is likely to be sold in EMA ($ 3.28) on the 20th. If the price drops sharply on the 20 -day EMA, the likelihood of falling less than $ 2.86. SUI/USDT pairs can be $ 2.39, then down to $ 1.77.
To prevent the disadvantages, the buyer must push the price faster than the EMA for 20 days. If you do so, the pair can go up to $ 3.74, where the bear is expected to show strong defense.
Snowfall price analysis
Avalanche (Avax) plunged below $ 22.35 on February 24, but Bears struggled to build this.
Avax/USDT daily chart. Source: COINTELEGRAPH/TradingView
The bull is trying to push back to a failure level of $ 22.35. If they succeed, the Avax/USDT pairs can be climbed to EMA ($ 25.13) on the 20th. If the price falls from the current level or on the 20th EMA, the bear will be controlled. Then the pair was able to sink at $ 17.50.
The first sign of the power is rest and more than 20 days EMA. It suggests that the market has refused to rest for less than $ 22.35. The pair was able to go up to $ 27.50.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.