BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, SUI, AVAX

BitcoinBTC( price) fell into the $85,000 area on February 26. It was a clear sign that the crypto-market is still not in the clear. Breaking below $90,000. support on February 25 shifted the balance in favour of the bears. This triggered $937.9 million in outflows Bitcoin ETFs in the US are spot Bitcoin-based.

Bitcoin has reached its top, but is this current drop just a reversal of a steady uptrend or not? Traders are asking themselves this question. Binance CEO Richard Teng wrote in a blog post for X that this current pullback is a “tactical retreat” You can also find out more about the following: “not a reversal.” Then he added, crypto markets bounce back sharply These corrections are made.

While analysts are bullish on the long-term, traders should be cautious in the short-term. Bitcoin is at risk if the support of $85,000 cracks. $1 billion worth of liquidations CoinGlass has data on leveraged positions in all markets.

Can Bitcoin reach $85,000 or will it fall? Where are altcoins placed? We’ll analyze the charts to see how the altcoins are positioned.

Bitcoin Price Analysis

Bitcoin fell below $90,000. This completed a double-top bearish pattern. This set-up has an objective of $71,412.

The bulls will not give up so easily. Oversold levels on the relative Strength Index (RSI), indicate a potential relief rally within the next few months. At $90,000 any bounce would likely face strong selling. It is possible that the price has dropped sharply since $90,000. If so, this could indicate the bears’ turn of the level. This increases the likelihood of a drop to $73,777.

The bulls are running out of time. The bulls will have to push BTC/USDT above $90,000 if they wish to stage a successful comeback. It may prove difficult to overcome the 20-day moving average (95,194), but the bulls will have a chance if they prevail.

Analysis of the price of Ether

EtherETHOn February 24, the price of the, a sharp descent from its overhead resistance at $2.850 signaled that the bears were defending it fiercely.

After the pair slipped under the support of $2,520, the selling picked up, pushing the ETH/USDT towards the next solid support level at $2300. Buyers try to initiate a rally, but are expected to be met with selling at $2.520. Then, the pair will move to the 20-day EMA, or $ 2,700.

If buyers can push and keep the price higher than the SMA 50 days ($2,974), they will have the advantage. A break below 2,300 may open the door for a fall to $2,111, the crucial support. 

Price analysis of XRP

It is a cryptocurrency that allows you to buy and sell XRP.XRPOn Feb. 24, the bears took over the market.

Bears are protecting the current level. The bulls made a bid to make up for their losses by pushing price back in the triangle. When the price falls sharply below the line of support, this will indicate that the bears are now in control. XRP/USDT may fall as low as $1.80.

The pair may reach the 20 day EMA by driving the price into the triangle. It is important to keep an eye on this short-term target because a break above the 20 day EMA indicates that the market has rejected the move below the resistance line.

BNB Price Analysis

BNBBNB() fell below the $635 resistance on February 24th, bringing into play the much larger range of $460 to 745.

Bulls try to initiate a rally of relief, but they will be met with selling pressure at the 20 day EMA (644). Risk of a breakdown below $586 will increase if price moves sharply down from 20-day EMA. BNB/USDT may then plunge to $557.

The bearishness of this view is negated within the next few days if prices rise and break above the 50 day SMA ($660). It is possible that the pair will rally towards $686. The bears are expected to sell at this price.

Solana price analysis

Solana (SOLAs can be seen by the tail at the 25th of February,, has been on a downtrend.

The RSI is in oversold territory, which indicates that a near-term recovery will be likely. SOL/USDT could reach the Fibonacci 38.2% retracement of $150, and the Fibonacci 50% retracement of $156, if it continues to rise. The risk of breaking below $133 is increased if the price reverses from overhead resistance.

In contrast, the break-out and closing above $156 suggest that the pressure to sell is decreasing. Bulls then will try to push this pair up to the 20 day EMA (175).

Dogecoin Price Analysis

DogecoinDOGEOn February 24, the support line for the pattern of the downward channel was closed, indicating the control by the bears.

Bulls trying to push price back in channel, but will face strong resistance from bears. If price moves down below support ($0.25) or the 20 day EMA ($0.25) the DOGE/USDT may extend its fall to $0.15.

To indicate the loss of control by the bears, buyers will need to maintain the price at or above the 20-day EMA. If the price rises to $0.30, it is likely that sellers will come out.

Cardano price analysis

Cardano (ADA() bounced of the support line in the pattern of descending channels on February 25, showing that bulls were aggressively defending this level.

Bulls are expected to try and start a rally to relieve the pressure, but they will be met with selling near the 20-day EMA (0.76). The bears are likely to try again to push the ADA/USDT down below the line of support if price falls sharply. The pair may fall to $0.50 if they succeed.

Alternatively, if the pair closes above and breaks the 20-day EMA then it is likely that they will stay in the channel.

Related: Here’s what happened in crypto today

Price analysis of Chainlink

ChainlinkLINK) dropped below the support line of the descending channel pattern on Feb. 25, but the long tail on the candlestick shows buying at lower levels.

The RSI is in oversold territory and indicates that bears will likely sell at every small rise. The LINK/USDT could fall to $12.71, and then to $10 if the price continues to dip below the line of support.

The negative outlook will become invalid in the short term if price breaks through the 20-day EMA. The pair might then reach the 50-day SMA, which is $20.78. It would extend the stay within the channel by a couple of days.

Sui price analysis

Sui (SUIAs can be seen by the large tail of the February 25 candlestick, the price fell below $2.86 on 24th Feb.

It is possible that the recovery effort will be met with selling near the 20-day EMA (3,28). The possibility that the price will drop to below $2.86 is increased if the price drops sharply off the 20-day EMA. SUI/USDT could drop as low as $2.39 before descending to $1.77.

Buyers who want to avoid the downside will need to push the price quickly back over the 20-day EMA. The pair could climb as high as $3.74 where bears will likely mount a fierce defense.

Analysis of the Avalanche Price

Avalanche (AVAXThe bears have struggled to maintain their advantage since the plunge below $22.35 on February 24. 

Bulls trying to drive price up above breakdown level $22.35. If the bulls succeed in pushing the price back above the breakdown level of $22.35, the pair AVAX/USDT could climb up to the 20 day EMA ($25.13). Price movement below the current price or 20-day EMA will indicate that bears are still in control. It is possible that the pair will fall to $17.50.

First, a break-out and close above 20-day EMA is a sign of strength. This suggests that the market rejected the breakdown below $22.35. This pair may climb as high as $27.50.

The article is not intended to provide investment advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making any kind of a trading or investing decisions.