Crypto price Analyze; BTC, ETH, BNB, ADA, DOGE, XRP, DOT, ICP, UNI, BCH;
Firstly, each fall from Bitcoin and altcoins is happening by selling near the 20 days of average moving . So, this signal shows us that the market of Bitcoin and other Altcoins could be on a falling roller coaster more and more. Crypto price Analyze helps you in a better way to know the market. The crypto price analysts will do it by Fibonacci retracement.
At the beginning of this week billionaire investor Carl Icahn’s mentioned this to Bloomberg. He said that he is thinking setting foot to crypto in a huge way. But this barely make any difference to crypto prices. This is just another signal that the underlying point of view is harsh. And also that crypto markets are not acting fair in a positive way to approving news. Crypto price analyze shows you a clear point of view in continue.
On the other hand, this won’t tell us that the bulls have stopped buying. S2F Capital managing partner mentioned something to Cointelegraph by the time he was speaking to them. He said that on chain of data displays Bitcoin whales, owning between 1,000 and 10,000 (BTC). And on the other hand, retail traders holding between 0.1 and 1 Bitcoin, are collecting at lower levels. In addition, it is good to know that he is the chief investment officer Micah Spruill, too.
Collection by large investors close the lows is a useful signal that it shows they are so tough for the long term. crypto prices are changing a lot, so you should be prepared. We will give you crypto price analyze on top-10 cryptocurrencies in this piece.
Cathie Wood was speaking at Consensus 2021. She said that appearing market central banks may buy Bitcoin to save their balance sheets. For the reason that not only they know their currencies are going down. but also that they will be under attack as stocks go down.
Traders should hold a close eye on the essentials of Bitcoin. In addition to, it the crypto segment because that will drive long-term price function. In the short lived, traders’ point of view act a major role in deciding the trend.
Now, finally let’s analyze the charts of the top-10 cryptocurrencies.
Bitcoin’s fall could not even reach the 38.2% Fibonacci retracement level at $41,269. which this recommends that traders are closing their status on small round ups.
The fall 20-day exponential moving mean ($42,780) and the comparative power index (RSI) in the negative domain advice that bears are in control.
If the BTC/USDT pair plummets under $34,000, the reduction could expand to the tense support at $30,000. The bulls are probably to protect this support offensively.
If the price goes up again from the present level, the users will again try to push the price above the neckline of the head and shoulders pattern.
If they make out, the pair could reassemble to the 61.8% Fibonacci retracement level at $48,231. This move will offer that the pair may have bottomed at $30,000.
Conversely, if the bears drop the price beneath $30,000, the selling could amplify as the stops of the dip buyers are likely to get strike. There is a lesser back up at $28,000 but if that splits, the next stop could be $20,000.
Bitcoin price is 34,043.90$ as we are writing this news.
Ether (ETH) cracked above the 38.2% Fibonacci retracement level at $2,738.74 on May 26. But the bulls could not send the price above the 20-day EMA ($2,888). This recommends traders are selling on rallies to the 20-day EMA.
The moving standards are on the edge of a bearish intersecting and the RSI is in the negative domain, offering the way of minimum opposition is to the trouble.
If bears sink the price below $2,378.54, the ETH/USDT pair could reject to $2,079.94. A break below this support could have outcome in a retest of the May 23 low at $1,728.74.
This negative view will undo if the price turns up from the current level or the support and breaks above the 20-day EMA. Such a move will offer a shift in point of view and the pair could then rally to the 61.8% retracement level at $3,362.72.
The price of Ethereum is 2,230.53$ by the time of this news.
Binance Coin’s (BNB) comfort rally strike a wall at the 38.2% Fibonacci retracement level at $395.09. A skin deep pullback after a keen reject offers the bears are unremitting and they are shorting even on lesser rallies.
The bears are currently trying to pull the price beneath the $306.61 support. If they make it out, the BNB/USDT pair could fall to $257.40 and then to $211.70. A powerful bounce off this support may keep the pair range-bound between $211.70 and $395.09 for a few days.
In opposite to this hypothesis,, if the price go back up and breaks above the 20-day EMA ($427), the relief rally could develop to the 50-day SMA ($521). This level can act as a resistance but if the bulls get the next reduce above $428, it will offer the decrease could be over.
BNB price is 229.85$ by the time of this report.
Cardano (ADA) ascented above the 20-day EMA ($1.63) on May 26 but the bulls could not hold the higher levels. The price fell down from $1.83 and the bears have pulled the altcoin below the $1.55 support today.
If the bears maintain the price under $1.43, the ADA/USDT pair may fall to $1.24 and then to the critical support at $1. If the price returns off $1 once again, the pair could stay range-bound for a few days.
On the other hand crypto price analyze shows, if the price goes back up and rises above $1.58, it will offer solid buying at lower levels. The bulls will then make one more try to push the price above $2. If they lead to do that, the pair could compete the all-time high at $2.47.
The price of ADA is 1.34$ at the time of this report.
The setback of the bulls to make the breakout from the downtrend line proposes a lack of request at higher levels. The bears resumed their selling on May 27 and have pulled Dogecoin (DOGE) below the 50-day SMA ($0.35). Doge is one of the famous one of top-10 cryptocurrencies that crypto price analyze is showing you the signals about it.
If the price shatters below $0.29, the DOT/USDT pair could fall to $0.25 and then to $0.21. This is a significant back up to look after it. Because if it splits, the selling could amplify and the pair may drop to $0.15 and then $0.10.
The moving averages are on the edge of a bearish crossover, showing the bears are in control. This negative view will undo it if the price turns upside down direction and breaks above the $0.43 to $0.47 overhead resistance.
Doge price is 0.3039$ at the time of this news.
XRP’s relief rally impact a wall at the 38.2% Fibonacci retracement level at $1.05. This proposes the sentiment is negative and traders are in a haste to close their long status on a shallow pullback.
If the price shatters and holds under $0.88, the bears will try to pull the price down to $0.65. The downsloping 20-day EMA ($1.14) and the RSI below 40 suggest the path of least resistance is to the downside.
A break below $0.65 could open some opportunities for a further sink to $0.56. On the contrary. But on the other hand, if the bulls guard the $0.88 support. The XRP/USDT pair may rise to the 20-day EMA. A breakout of this resistance could result in a rally to the 50-day SMA ($1.34) and the downtrend line.
By the time of this report, XRP price is 0.8046$.
Polkadot (DOT) got the critical overhead resistance at $26.50 today but the bulls could not drive the price above it. This shows the bears are defending this level aggressively. If bears pull the price under $19.65, the altcoin could drop to $15.
The downsloping moving averages and the RSI beneath 39 show the bears are in command. A break under $15 will shows the start of a new downtrend. Conversely, if the bulls defend the $15 level, the DOT/USDT pair may consolidate in a range for a few days.
This negative view will invalidate if the price goes up from the current level or $15 and breaks above $26.50. Such a move could shove the pair to $31.28. A breakout of this resistance will suggest the bulls are back in the game.
The price of DOT is 19.74 at the time of this news.
Internet Computer (ICP) has been trading inside the close range of $120 and $168 for the past few days. Today, the bears are trying to drop the price below the support of the range at $120.
If they do it , the ICP/USDT pair could fall to the all-time low at $86.01. If this support also breaks, the pair could reject to the next target objective at $60.
On the other hand, if the bulls guard the $120 support, the pair may expand its stay inside the range for a few more days. A breakout and close above $168 will be the first sign that the bulls are back in the game.
On a breakout and close above $168, the pair could rally to the 38.2% Fibonacci retracement level at $243.08.
The price of ICP is 112.94$ by the time of this report.
Uniswap (UNI) made to the 20-day EMA ($29.58) on May 26 but the bulls could not lead the price above it. This shows the sentiment has turned negative and traders are selling on rallies to the 20-day EMA.
But, the long tail on today’s candlestick shows the bulls have not given up yet. They will try one more time to push the price above the 20-day EMA. If they lead to do that, the UNI/USDT pair could rally to the 50-day SMA ($34.27).
And on the other hand, if the price falls from the overhead resistance, the bears will try one more time to pull the price down. If the sellers sink the price under $24.40, the pair could fall to $21.50 and then to $18.
By the time of this news, the crypto price of UNI is 23.18$.
Bitcoin Cash (BCH) was trading above the $685.36 support for the past three days. But as you know the bulls could not send the price to the 20-day EMA ($876). This shows a lack of demand at higher levels.
If the price remains under $685.36, the bears will try to drop the price to the May 23 low at $468.13. The downsloping 20-day EMA and the RSI in the negative domain show benefit to the bears.
On the other hand, if the price goes up from the current level and rises above $802, the bulls will try to lead the price to the 20-day EMA. A breakout and close above the moving averages will show the downtrend could be over.
The crypto price of Bitcoin Cash is 675.93$ by the time of this news.
In conclusion, we provided you the information you need to know about all of these top-10 cryptocurrencies. We hope these information about top-10 cryptocurrencies can help you to make a better investment.