Key points:
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The drop in Bitcoin resulted in net outings of BTC ETF on Tuesday, but buyers are likely to intervene and stop the decrease of almost $ 110,530.
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The ether bulls try to switch the level of $ 4,094 in support, indicating a positive feeling.
Bitcoin (BTC) tries to bounce back on immediate support nearly $ 112,000, but higher levels are likely to attract sellers. The weakness of the BTC sparked net outings of $ 523.3 million compared to the funds negotiated in exchange for the BTC, among investor data. This suggests that institutional investors are becoming careful in the short term.
The blockchain analysis company, Santiment, said in an article on X that the drop in BTC below $ 113,000 had resulted in the most lower feeling on social networks since June 22. The firm said that the retail cryptocurrency merchants overthrew lower lowering drops, but that it is a good sign for patient traders while the markets move in the “opposite direction of the expectations of the crowd”.
The fall of the BTC lowered several altcoins, harming the feeling of investors. Google Trends The data show that the world interest in research for the term “Alt season” fell on Tuesday, down compared to the summit of 100 on August 13.
What are the important levels of resistance and support to monitor in BTC and the main Altcoins? Let’s analyze the graphics of the 10 best cryptocurrencies to discover it.
Bitcoin price prediction
BTC fell below the reverse pattern neck and shoulder neckline on Tuesday and reached solid support of $ 112,000.
The Bulls will try to defend the area from $ 110,530 to $ 110,530 aggressively. If the price bounces from the support area, the BTC / USDT pair could reach the 20 -day exponential mobile average ($ 116,687). A fence above the 20-day EMA indicates an action linked to the beach between $ 110,530 and $ 124,474.
Alternatively, if the price drops from the EMA by 20 days and is broken down below $ 110,530, this indicates that bears sell rallies. The Bitcoin price could take place at $ 105,000 and possibly in psychological support at $ 100,000.
Ether price prediction
Ether (ETH) rebounded the $ 4,094 escape level, noting that the bulls are trying to switch the level of support.
The ETH / USDT pair could reach $ 4,576 then at $ 4,788. Sellers will set up a vigorous defense in zone from $ 4,788 to $ 4,868, but if buyers have their way, the price of ether could rise to $ 5,000 and, after that, to $ 5,662.
Unlike this hypothesis, if the price of the ether drops sharply and decomposes below $ 4,094, this indicates that the bulls rush to the exit. This could run the pair on the 50 -day simple mobile average ($ 3,593).
XRP price prediction
XRP (XRP) fell 20 -day EMA ($ 3.07) and broke below 50 days SMA ($ 2.97) on Tuesday.
The Bears will try to strengthen their position by pulling the price with a solid support at $ 2.73. Buyers should defend the level of $ 2.73 with all their forces, because a fence below could open the doors for a fall at $ 2.20.
The first sign of force will be a break and close above the 20-day EMA. This suggests that the sales pressure could be reduced. The XRP / USDT pair can then climb to the downward trend line, which is likely to act like a rigid barrier. Buyers will have to unravel the downward trend line to suggest that the correction can be completed.
Price prediction BNB
BNB (BNB) fell for the resistance of $ 861 but supports the EMA of 20 days ($ 813).
Bulls will try to push the price above the resistance area from $ 861 to $ 869. If they can do it, the BNB / USDT pair could recover at the psychological level of $ 1,000.
This positive point of view will be invalidated in the short term if the price drops and breaks below the 20 -day EMA. The BNB price could then increase to $ 794 and later at SMA of 50 days ($ 757). This suggests that the pair could consolidate inside the wide range between $ 732 and $ 861 for a while.
Solana price prediction
Solana (soil) fell below the 20 -day EMA ($ 181) and reached the 50 -day SMA ($ 173) on Tuesday.
Bulls try to keep the price above the 20-day EMA. If they manage to do so, the ground / USDT pair could again try a gathering at the resistance of general costs at $ 210. Sellers should defend the level of $ 210, but if the Bulls prevail, Solana’s price could reach $ 240.
On the other hand, a break and a closure below the 50 -day SMA could run the pair with a solid support at $ 155.
Dogecoin price prediction
Dogecoin (DOGE) refused solid support at $ 0.21, where buyers should intervene.
If the price bounces from $ 0.21 level with strength and moved above the 20-day EMA ($ 0.22), it suggests a short-term beach training. The Doge / USDT pair could oscillate between $ 0.21 and $ 0.26 for a while.
Instead, if the price drops and breaks below $ 0.21, it suggests that bears are trying to take care of. The Dogecoin price could drop to $ 0.19 then to $ 0.16. This brings the large beach into play from $ 0.14 to $ 0.29.
Cardano price prediction
Cardano (ADA) fell strongly on Tuesday and fell into EMA 20 days ($ 0.84), indicating that the Bulls lose their grip.
The 20 -day EMA is the critical short -term support to monitor because a fence below could flow the ADA / USDT pair in SMA of 50 days ($ 0.77). A deeper correction could delay the start of the next step in the UP movement.
On the contrary, a solid rebound in the 20 -day EMA indicates a positive feeling. The Bulls will then try to generate the price of Cardano to the resistance to the general costs of 1.02. A fence greater than $ 1.02 opens the doors of a rally at $ 1.17.
In relation: Bitcoin analysts indicate that “manipulation” as the price of the BTC falls at 17 low days
Online price prediction
ChainLink (Link) withdrew from resistance to general costs of $ 27, but the Bulls did not give in a lot of soil to the bears.
The Bulls try again to generate the price above the $ 27 resistance. If they manage to do so, the Link / USDT pair could start the next step in the trend at $ 31 and thereafter at $ 36.
Unlike, if the price of the chain link drops sharply by $ 27 and breaks down below $ 23.36, this suggests that the Bulls reserve inherent profits. The pair could then reach the EMA of 20 days ($ 21.86), which is likely to attract solid purchases by the Bulls.
Hyperliquid price prediction
The hyperliquid (hype) plunged below the mobile averages on Tuesday, indicating that the bears maintained the pressure.
The bulls will try to push the price above the mobile average, but should face a rigid resistance of the bears. If the price decreases mobile averages, the media / USDT threshing pair could drop to $ 36.
Buyers will have to push and maintain the price above mobile averages to report the force. The hyperliquid price could then climb to resistance to general costs at $ 50.
Stellar price prediction
Stellar (XLM) attends a difficult battle between the Bulls and the Bears in SMA of 50 days ($ 0.39).
The 20 -day EMA ($ 0.41) began to gradually refuse, and the relative resistance index (RSI) is on the negative territory, indicating a slight advantage for bears. If the price keeps below the 50 -day SMA, the XLM / USDT pair could dive at $ 0.36. This is an important level for Bulls to be defended because a rupture less than 0.36 could flow the stellar price at $ 0.29.
The first sign of force will be a break and close above the 20-day EMA. If they manage to do so, the pair could climb $ 0.47 and later to $ 0.52.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
