The Bitcoin Prix (BTC) fell into the region of $ 85,000 on February 26, displaying a clear signal that the cryptography market is not yet out of wood. The break below the support of $ 90,000 on February 25 inclined the advantage in favor of the Bears. This sparked $ 937.9 million in outings of the negotiated funds in exchange for Bitcoin US Spot.
Has Bitcoin exceeded, or is the current fall only a decline in a solid rise? This is the big question in the spirit of trader. The CEO of Binance, Richard Teng, said in an article on X that the current decline was a “tactical retreat” and “not a reversal”. He added that cryptographic markets rebound strongly after such corrections.
Crypto Market Data Daily View. Source: Corner360
Although analysts remain optimistic in the long term, traders must be careful in the short term. If the $ 85,000 supports cracks, Bitcoin risks $ 1 billion in long -speaking position liquidations in all exchanges, according to Corglass data.
Could Bitcoin recover from $ 85,000, or will the level decompose? How are Altcoins positioned? Let’s analyze the graphics of the 10 best cryptocurrencies to discover it.
Bitcoin price analysis
Bitcoin collapsed below the support of $ 90,000 on February 25, finishing a dual down -down model. This configuration has a target target of $ 70,412.
BTC / USDT daily graphics. Source: Cointelegraph / TradingView
However, it is unlikely that the Bulls easily abandon. The level of occurrence on the relative resistance index (RSI) indicates a possible short -term rescue rally. Any rebound is likely to deal with a solid sale at $ 90,000. If the price drops sharply by $ 90,000, this suggests that the Bears have overturned the level of support. This increases the risk of falling to $ 73,777.
Time is exhausted for Bulls. If they want to make a comeback, they will have to quickly postpone the BTC / USDT pair over $ 90,000. The 20 -day exponential mobile average ($ 95,194) can again challenge, but if the bulls prevail, this will indicate that the correction can be completed.
Ether price analysis
The ether (ETH) fell sharply from the resistance to the general costs of $ 2,850 on February 24, indicating that the bears fiercely defend the level.
Daily eth / USDT table. Source: Cointelegraph / TradingView
The sale resumed after the price slipped below the support of $ 2,520, pulling the ETH / USDT pair to the next solid support at $ 2,300. Buyers are trying to start a recovery, which should face the sale at $ 2,520, then the 20 -day EMA ($ 2,700).
Buyers will gain the upper hand if they push and maintain the price above the SMA of 50 days ($ 2,974). Conversely, a break less than $ 2,300 could erase the path for a drop in critical support at $ 2,111.
XRP price analysis
XRP (XRP) broke under the support line of the symmetrical triangle motif on February 24, suggesting that bears mastered the bulls.
XRP / USDT daily table. Source: Cointelegraph / TradingView
The Bulls tried to return by pushing the price in the triangle on February 25, but the Bears defend the level. If the price drops sharply from the support line, this will indicate that bears have overturned the level in the resistance. The XRP / USDT pair could drop to $ 1.80.
Instead, if buyers refer the price to the triangle, the pair could reach the EMA of 20 days ($ 2.54). This remains the short -term key level to monitor because a recovery greater than the 20 -day EMA suggests that the markets have rejected the rupture below the support line.
BNB price analysis
BNB (BNB) broke below the support of $ 635 on February 24, involving the largest range of $ 460 to $ 745.
BNB / USDT Daily Chart. Source: Cointelegraph / TradingView
The Bulls are trying to start a rescue rally, which should face the 20 -day EMA sale ($ 644). If the price decreases sharply compared to the 20 -day EMA, the risk of rupture less than $ 586 increases. The BNB / USDT pair could then fall to $ 557.
This lower view will be canceled in the short term if the price increases and exceeds the SMA of 50 days ($ 660). The pair could come together at $ 686, which should attract the sale by the Bears.
Solana price analysis
Solana (soil) was in a strong downward trend, but the Bulls try to stop the decline at $ 133, as we see from the long tail on the candlestick of February 25.
SOL / USDT DAILY that. Source: Cointelegraph / TradingView
The RSI in the territory of occurrence suggests that a recovery is probably in the short term. The soil / USDT pair could reach the level of fibonacci retracement of 38.2% of $ 150 and the level of trace of 50% of $ 156. If the price decreases resistance to general costs, the risk of rupture less than $ 133 increases.
On the contrary, a break and a closure above $ 156 suggest that the reduced sales pressure. The Bulls will then try to push the pair towards the 20 -day EMA ($ 175).
Dogecoin price analysis
Dogecoin (DOGE) closed under the support line of the descending channel model on February 24, indicating that the bears are in control.
DAGE / USDT daily table. Source: Cointelegraph / TradingView
The Bulls try to push the price in the channel, but should face a significant resistance of bears. If the price drop in the support line or the 20 -day EMA ($ 0.25), the DOGE / USDT pair could extend its drop to $ 0.15.
Buyers will have to push and maintain the price above the 20-day EMA to suggest that the Bears lose their grip. The pair can then come together in SMA of 50 days ($ 0.30), which is likely to attract sellers.
Cardano price analysis
Cardano (ADA) rebounded on the support line of the canal model descending on February 25, indicating that the bulls aggressively defend the level.
ADA / USDT Daily Chart. Source: Cointelegraph / TradingView
The Bulls will try to start a rescue rally, which should face the 20 -day EMA sale ($ 0.76). If the price drops sharply from the 20 -day EMA, the Bears will try again to pour the ADA / USDT pair under the support line. If they manage to do so, the pair could drop to $ 0.50.
Alternatively, a break and close above the 20-day EMA suggests that the pair can remain inside the channel for a while.
In relation: Here is what happened in the crypto today
Channel price analysis
ChainLink (Link) fell under the support line of the descending channel model on February 25, but the long tail on the candlestick shows purchases at lower levels.
Link / USDT daily chart. Source: Cointelegraph / TradingView
The moving averages broken down and the RSI on the territory of occurrence suggest that the bears are likely to sell for each minor increase. If the price drops and keeps below the support line, the Link / USDT pair could drop to $ 12.71 and later at $ 10.
This negative vision will be invalidated in the short term if the price is presented and exceeds above the 20-day EMA. The pair could then reach the 50 -day SMA ($ 20.78), extending its stay inside the canal for a few more days.
SU PRICE Analysis
Su (Suis) slipped below $ 2.86 support on February 24, but the lower levels attracted buyers, as shown in the long tail on the candlestick on February 25.
SUI / USDT Daily Chart. Source: Cointelegraph / TradingView
The recovery attempt is likely to cope with the 20 -day EMA sale ($ 3.28). If the price decreases sharply compared to the 20 -day EMA, the possibility of a drop of less than $ 2.86 increases. The SUI / USDT pair can drop to $ 2.39 and then $ 1.77.
If buyers want to avoid the drawbacks, they will have to quickly postpone the price above the 20-day EMA. If they do this, the pair can increase to $ 3.74, where bears should set up a solid defense.
Avalanche price analysis
Avalanche (Avx) plunged below the support of $ 22.35 on February 24, but the Bears are struggling to rely on the advantage.
Avx / USDT Daily Chart. Source: Cointelegraph / TradingView
Bulls try to push the price above the level of breakdown of $ 22.35. If they succeed, the AVAX / USDT pair can climb to the 20 -day EMA ($ 25.13). If the price decreases from the current level or the 20 -day EMA, this will point out that bears remain in control. The pair could then flow to $ 17.50.
The first sign of force will be a break and close above the 20-day EMA. This suggests that the markets rejected the break below $ 22.35. The pair could climb $ 27.50.
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.