BTC, ETH, XRP, BNB, Sol, Doge, ADA, LTC, Link, Avax
Bitcoin (BTC) fell approximately $ 78,000 on February 28, but low levels attracted solid purchase by bulls. The founder and CEO of Cryptoquant Ki Young JU said in a post on X that the sale after a 30 % correction could be a “NOOB” error as Bitcoin rose to the highest new level ever after a decrease of 53 % in 2021.
The specified whales seem to adopt a location while declining. Bitcoin, known as “Spoofy”, bought 4000 bitcoin for approximately $ 344 million when the price was between $ 82,000 and $ 85,000. The X Saint -Pump analyst said that Spoofy builds its site “very slowly” and may buy more if the markets decrease.
Daily encryption market data. source: Coin360
The current long -term correction of Standard Charted. In an interview with CNBC, Standard Digital Asset Research, Jeffrey Kendrick, said that Bitcoin could recover to $ 200,000 this year and rise to $ 500,000 before President Trump ended his second term.
Can Bitcoin begin to heal, and the higher altcoins withdraw? Let’s analyze the plans from the 10 best encrypted currencies to discover this.
Bitcoin price analysis
Bitcoin closed less support of $ 85,000 on February 26, and the bears successfully defended the level on February 27.
BTC/USDT Daily Chart. Source: CointeleGRAPH/TradingView
Sellers tried to sink BTC/USDT’s husband to $ 73,777, but Bulls bought the decrease to $ 78258 on February 28. Buyers will try to pay the price to more than $ 85,000 to $ 90,000. If they can do this, this will indicate a short -term bottom in place.
On the contrary, if the price decreases sharply from the public resistance area, it indicates the sale in every simple gathering. The couple can go down to biological support at $ 73777, where buyers are expected to intervene.
Ether price analysis
ETHER (ETH) has recovered from $ 2,111, indicating that the bulls are trying to maintain the price within the large range.
Eth/USDT Daily Chart. Source: CointeleGRAPH/TradingView
The bulls will try to extend the recovery to the EMA for 20 days ($ 2,611) and then to the landline line. Sellers are expected to defend strongly from the landline line. If the price decreases from public resistance, the ETH/USDT husband can re -test the level of $ 2,111. If this support is cracking, the husband may drown to $ 2000 and then to $ 1900.
Unlike this assumption, a break and closure indicates above the landline line indicates that the bears lose its grip. The pair can rise to SMA for 50 days ($ 2,932).
XRP price analysis
XRP (XRP) was deported from the support line of the similar triangle style on February 26, indicating that the bears have turned the level into resistance.
XRP/USDT Daily Chart. Source: CointeleGRAPH/TradingView
The XRP/USDT pair decreased without support for $ 2.06 on February 28, but the bears could not maintain low levels. Buyers will try to pay the price over EMA for 20 days. If they can withdraw it, it will indicate that the bulls returned to the game.
On the contrary, if the price decreases from the EMA for 20 days, it will indicate that the bears remain active at higher levels. This increases the possibility of declining support at $ 1.77.
BNB price analysis
BNB (BNB) has recovered from support near $ 557, indicating that the bulls are trying to defend the level.
BNB/USDT Daily Chart. Source: CointeleGRAPH/TradingView
BNB/USDT will try to collect relief, which is expected to face a strong sale in EMA for 20 days ($ 634). If the price decreases sharply from EMA for 20 days, it increases the possibility of a break less than $ 557. If this happens, the husband may collapse to $ 500. Buyers are expected to defend the region between $ 460 and $ 500.
On the upper side, a 20 -day break and closure indicates a decrease in sales pressure. The husband can then reach SMA for 50 days ($ 656).
Solana price analysis
Solana fell below subsidies $ 133 on February 28, but the long -leach tail shows a strong purchase at lower levels.
Sol/USDT Daily Chart. Source: CointeleGRAPH/TradingView
There is a simple resistance at $ 147, but it is likely to be crossed. If the price exceeds $ 147, the Sol/USDT husband may reach EMA for 20 days ($ 169). Sellers are expected to constitute a strong challenge in EMA for 20 days, but if bulls prevail, the husband can extend to SMA for 50 days (201).
This optimistic offer will be canceled if the price decreases and less than $ 125 collapses. The husband can decrease to $ 110.
Dogecoin price analysis
Buyers failed to push Dogecoin (Doge) over the support line, indicating that the bears have turned the level into resistance.
Doge/USDT Daily Chart. Source: CointeleGRAPH/TradingView
The sale was resumed on February 28, and the bears will try to sink the price to $ 0.15. However, the relative power index has slipped into the sale area, indicating that the relief pool could be just around the corner. Buyers will have to pay and maintain a DOGE/USDT pair over EMA for 20 days ($ 0.24) to start a continuous recovery.
Failure to pay the price over EMA for 20 days increases the risk of a decrease to $ 0.13 and then to $ 0.10.
Cardano prices analysis
Cardano (ADA) is witnessing a difficult battle between bulls and bears in the support line of the descending channel.
ADA/USDT Daily Chart. Source: CointeleGRAPH/TradingView
If the price is less than the support line, the sale may lead to capture, and the ADA/USDT pair may decrease to $ 0.50. Buyers are expected to defend a level of $ 0.50 with all his strength because the closure below may drown the husband to $ 0.33.
If the price appears from the support line, the pair may reach EMA for 20 days (0.73). This is a vital general resistance to watch it because a break on it indicates that the husband may remain inside the channel for some time.
Related to: The Bitcoin price scale in the “optimum” DCA area has not seen since BTC was trading at $ 50,000 to $ 70,000
Litecoin price analysis
Litecoin (LTC) has been fluctuated within a similar triangle style, indicating the frequency between bulls and bears.
LTC/USDT Daily Chart. Source: CointeleGRAPH/TradingView
The EMA for 20 days ($ 122) may vibrate, and RSI is slightly higher than the center point, indicating a balance between supply and demand. If the price exceeds EMA for 20 days, the bulls will try to push the LTC/USDT pair over the resistance line. If it succeeds, the husband can gather to $ 147.
On the contrary, the SMA break for 50 days (117 dollars) opens the gates for a decrease in the support line. If this level gives way, the husband may drown to $ 80.
ChainLink price analysis
The failure of the bulls to start a strong recovery from the support line led to another round of sale by the bears in Chainlink (Link).
Link/USDT Daily Chart. Source: CointeleGRAPH/TradingView
If the price is less than the support line, the sale may accelerate, and the USDT/USDT may decrease to $ 12.71, and then, to 10 dollars.
If buyers want to prevent the downside, they will have to pay the price quickly over $ 16. The husband can then rise to EMA for 20 days ($ 17.42), which is likely to serve as severe resistance. Buyers will have to pay the price over EMA for 20 days to suggest that the rest at the bottom of the support line may be a beir trap.
Delivery price analysis
Avalanche (Avax) tried to rise above the collapse of $ 22.35 on February 27, but the bears held floor.
Avax/USDT Daily Chart. Source: CointeleGRAPH/TradingView
The Bears resumed the sale on February 28. If the price breaks and maintains less than 20 dollars, the AVAX/USDT pair can return strong support at $ 17.29. This is an important level to see it because a break below may flood the husband to $ 15.
Time runs out for bulls. They will have to pay and keep the price over EMA for 20 days ($ 24.55) to start recovering. The husband may rise to $ 27.50, which is expected to be resistance again.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.