Bitcoin (BTCAnd most major altcoins have witnessed profits on July 25 as the Bulls shrink their positions before the Federal Open Market Committee from July 26th to July 27th. Position to the event.
Some analysts have remained bearish after Bitcoin broke above the 200-week moving average of $ 22,780. Venturefounder, a contributor to CryptoQuant, Sell to resume and Bitcoin falls At least $ 14,000 before the bottom of the macro is confirmed.
Institutional investors appear to be absent from the market and recovery is being driven by individual investors.Data from on-chain analytics firm Glassnode is provided by investors 1 bitcoin or less is accumulated actively “More than ever”
Can individual investors continue their desperate buying pace and put the floor under Bitcoin and Altcoin? Take a look at the top 10 cryptocurrency charts.
BTC / USDT
Bitcoin rebounded from the 20-day Moving Average (EMA) ($ 21,857) on July 23, but the Bulls failed to clear the hurdle at $ 23,363 on July 24. This shows that bears are actively defending overhead resistance.
The price has returned to the 20-day EMA. This is an important level for monitoring. If this level cracks, the BTC / USDT pair can drop to $ 20,750. Such movements negate breakouts from symmetric triangles.
The 20-day EMA has been flat and the Relative Strength Index (RSI) has fallen to the midpoint, indicating a balance between supply and demand.
At prices above $ 23,363, this advantage can be in favor of the buyer. If that happens, the pair can rise to $ 28,171 and then to $ 30,000. Bears need to lower their prices below the support line to gain an edge.
ETH / USDT
The bear has successfully defended overhead resistance for $ 1,700 over the past few days. However, the minor positive is that the Bulls do not allow ether (ETH) Below $ 1,464, indicating a lower level purchase.
If the price bounces back from $ 1,464, the ETH / USDT pair may continue its tight rangebound action for a few more days. The rising 20-day EMA ($ 1,397) and the RSI in the positive zone show that the path with the least resistance is up.
Breaks and closes above $ 1,700 could indicate a resumption of the rise. After that, the pair can rise to $ 2,000.
This positive view can be invalidated if prices fall below the 20-day EMA. In that case, the pair could go down to $ 1,280. With a strong rebound from this level, the pair could fall in the range of $ 1,280 to $ 1,700 for several days.
BNB / USDT
BNB It has fallen from the downtrend line on July 23, indicating that bears continue to maintain their levels vigorously. Bears try to lower prices below the moving average.
If they succeed, the BNB / USDT pair can test the support line for the ascending channel. If the price bounces off this level, the Bulls will again push the pair above the downtrend line and try to challenge the channel’s resistance line.
Another possibility is for bears to sink prices below the channel’s support line. If that happens, the advantage will lean in favor of the bear, and the pair can drop to strong support at $ 211.
XRP / USDT
Ripple (XRP) Over the past few days, it has been integrated between $ 0.30 and $ 0.39. Prices bounced off the moving average on July 23, but the rally failed to reach overhead resistance at $ 0.39. This suggests that demand will be depleted at higher levels.
Bears are trying to lower prices below the moving average. If they can manage it, the XRP / USDT pair could gradually fall towards $ 0.30. If the support is cracked, the pair may resume the downtrend and buyers may defend this level with all their might.
Alternatively, if the price bounces off its current level, the Bulls will once again clear the overhead hurdle at $ 0.39 and try to start a new rise. After that, the pair can rise to $ 0.50.
ADA / USDT
Cardano (ADA) On July 24th, he tried to break the overhead resistance at $ 0.55, but the bear successfully defended the level. It may have attracted profits from short-term traders.
Bears are trying to lower prices below the moving average. If they can manage it, the ADA / USDT pair could go down to $ 0.44. If the price bounces off this level, the pair can fluctuate between $ 0.44 and $ 0.55 for several days.
Another possibility is that prices will bounce off the moving average. If that happens, the Bulls will again try to push the pair above the overhead resistance. If they succeed, the pair could gain momentum, rising to $ 0.63 and then $ 0.70.
SOL / USDT
Solana’s (SolThe failure to rebound from the 20-day EMA ($ 39) indicates that the bulls may be weakening. The bear tries to sink the price into the support line. This is an important level for monitoring.
If the price bounces off the support line, the buyer makes another attempt to push the SOL / USDT pair towards the $ 48 overhead resistance. The bull must clear this hurdle to signal the completion of the rising triangular pattern. This bullish setup has a $ 71 target.
Conversely, if the bear falls below the support line, the bullish pattern will be counteracted. After that, the pair can drop to $ 30. Below this level indicates that the bear has regained control.
DOGE / USDT
The bear pulled Dogecoin (Doge) Below the July 25 moving average, opening the door to a downtrend. The Bulls may actively defend this level.
If the price rebounds from the trendline, the bulls will try to push the DOGE / USDT pair above the moving average. If that happens, the pair can rise to $ 0.08 overhead resistance. Breaking and closing beyond this level completes a rising triangle pattern with a goal of $ 0.11.
Conversely, if the price falls below the trend line, the bullish setting will be disabled. It could sink the pair to $ 0.06 and later to the critical support of $ 0.05.
Related: Ethereum’s bearish U-turn? ETH price momentum declines after $ 1.6K refusal
DOT / USDT
The Bulls couldn’t press Polkadot repeatedly (Dot) Above the 50-day simple moving average (SMA) ($ 7.47) over the last few days, indicating that bears are actively defending their levels.
The DOT / USDT pair fell below the 20-day EMA ($ 7.23) on July 25th. If the bear keeps prices below this level, the pair could slide towards strong support for $ 6. This is an important level to pay attention to, as breaks and closes below them can indicate a resumption of the downtrend.
Another possibility is that prices have risen from current levels, surpassing the 50-day SMA. If that happens, it suggests demand at a lower level. The pair then rises to $ 8.79 and can then rise to a psychological level of $ 10.
MATIC / USDT
polygon(MATIC) Rejected from the resistance line on July 25, indicating that bears are being sold in minor rallies. The bear tries to sink the price to the next support for $ 0.75.
The 20-day rise in the EMA ($ 0.75) and the RSI in the positive territory show that the buyer has a slight advantage. If the price bounces off $ 0.75, the Bulls will try to push the MATIC / USDT pair above the resistance line again.
If they succeed, the pair can recover to a psychological level of $ 1. The Bulls need to clear this hurdle to start rising to $ 1.26.
Conversely, a price below $ 0.75 indicates that the bulls are weakening. The pair can then slide up to $ 0.63.
AVAX / USDT
Avalanche (AVAX) The same candlestick pattern was formed on July 23, and the daytime candlestick pattern was formed on July 24. This shows the indecision between the bull and the bear.
This uncertainty turned to a decline on July 25, with the AVAX / USDT pair declining to a breakout level of $ 21.35. If the price bounces strongly from this level, it suggests that the bull is buying in a dip.
This could increase the chances of a retest at $ 26.50. A break that exceeds this resistance could pave the way for a rally to $ 29 and then to $ 33.
Contrary to this assumption, if the price falls below $ 21.35, the pair may fall to the support line. The Bulls may actively defend this level.
The views and opinions expressed here are those of the author and do not necessarily reflect the views of Cointelegraph. All investment and trading movements carry risks. When making a decision, you need to do your own research.
Market data provided by HitBTC Currency exchange.
