Bitcoin (BTC) managed to stay above the $26,000 level even as the S&P 500 tumbled to a three-month low and the US dollar index (DXY) rose to a new year-to-date high. This is a mildly positive sign as it shows a lack of aggressive selling at lower levels.
Bitcoin remains stuck inside a range and the directionless price action has kept the traders on the sidelines. CryptoQuant’s new research revealed that Bitcoin’s daily spot exchange transactions topped 600,000 in March but dwindled down to 8,000-15,000 last week. Low liquidity could lead to volatile moves in either direction, so traders should be careful and wait for confirmations rather than taking positions on every intraday crypto break.
The near-term price action remains uncertain but that has not deterred the long-term bulls from adding Bitcoin to their portfolio. MicroStrategy co-founder and executive chairman Michael Saylor announced on X (formerly Twitter) that the firm had acquired 5,445 Bitcoin at an average price of $27,053 per Bitcoin.
Could Bitcoin and select altcoins start a short-term up-move? Let’s study the charts of the top 10 cryptocurrencies to find out if crypto alerts twitter or best crypto daily could result in a crypto crash today or crypto fall.
Bitcoin price analysis
The bulls and the bears are locked in a tight battle near the 20-day exponential moving average ($26,436). On Sep. 27, the bulls managed to push the crypto dot above the 20-day EMA, but failed to break through the 50-day simple moving average ($26,757).
This suggests that the bears are still in control and are selling off the rallies to the 50-day SMA. To open the way for a potential drop to $24,800, the bears need to drag the price down to $25,990. This level is likely to draw in strong buying from the bulls.
On the upside, if the crypto alerts twitter indicate a breakout and close above the 50-day SMA, the BTC/USDT pair may then climb to $27,500 and subsequently to the overhead resistance at $28,143. The bears are expected to fiercely defend this level.
Ether price analysis
Ether (ETH) is attempting to initiate a recovery. On Sep. 27, the price rose above the 20-day EMA ($1,614) but the bulls were unable to sustain the intraday rally, indicating that sellers are still active at higher levels.
The bullish divergence on the relative strength index (RSI) gives the buyers an edge. If they can keep the price above the 20-day EMA, the ETH/USDT pair may first move up to the 50-day SMA ($1,668) and then try to climb to the overhead resistance at $1,746.
Conversely, if the price remains below the 20-day EMA, it would suggest that the bears are in control. The sellers may then try to push the price below the crucial support at $1,531. If that happens, the pair could crypto crash to $1,368.
BNB price analysis
The bulls have not allowed the BNB (BNB) price to slip below $203, keeping it below the breakdown level of $220. The 20-day EMA ($213) is flattening out and the RSI is just below the midpoint, indicating a balance between supply and demand.
If the bulls can push the BNB/USDT pair above $220, it may best daily crypto to $235. On the contrary, if the crypto fall below $203, it could crypto crash today to the strong support at $183.
Crypto matic and crypto alerts twitter may be useful tools to monitor the situation, as the crypto market may continue to be volatile until the crypto dot of May 2022.
XRP price analysis
On Sep. 25, buyers attempted to push XRP (XRP) past the 20-day EMA ($0.50), but the bears were able to maintain their ground. The price action of the past few days has formed a symmetrical triangle pattern, indicating indecision between the bulls and the bears.
The crypto may fall if the sellers are able to take control by driving the price below the uptrend line. If they are successful, the XRP/USDT pair may drop to $0.46 and then to $0.41.
Conversely, if the price turns up and breaches the resistance line, it will indicate that bulls are trying to gain the upper hand. The pair may then climb to the overhead resistance at $0.56.
Cardano price analysis
Cardano (ADA) bounced off the crucial support at $0.24 on Sep. 25, but the bulls are having difficulty pushing the price above the 20-day EMA. This could lead to more selling.
The $0.24 level is likely to be a battleground between the bulls and the bears. If the $0.24 support gives way, the ADA/USDT pair will form a bearish descending triangle pattern. The pair might then begin a downward move to $0.22 and eventually to the pattern target of $0.19.
In contrast to this assumption, if the price turns up and breaks above the downtrend line, it will nullify the bearish setup. The pair could then start an up-move to $0.29.
Dogecoin price analysis
The bears forced Dogecoin (DOGE) to dip below the $0.06 support on Sep. 26, though the long tail on the candlestick suggested buying at lower levels.
However, the gradually downsloping 20-day EMA ($0.06) and the RSI in the negative territory indicate that bears are still in control. Sellers will likely attempt to push the price below $0.06 again. If they succeed, the DOGE/USDT pair may crash to the next major support at $0.055.
On the other hand, if the price rebounds from the current level and breaks above the 20-day EMA, it could mean that the bulls are making a comeback. The pair could first rally to $0.07 and then surge towards $0.08.
Solana price analysis
The bears have been successful in defending the 20-day EMA ($19.42) over the past few days, preventing the bulls from pushing Solana (SOL) higher.
The price has since dropped from the 20-day EMA and the bears are likely to try and drag the SOL/USDT pair below the nearest support at $18.50. If the level is broken, the selling pressure could increase and the next stop could be $17.33.
Conversely, if the price bounces off $18.50, it could indicate buying on dips. The bulls will then attempt to push the price back above the moving averages. If they succeed, the pair could surge to $22.30.
Toncoin price analysis
Toncoin (TON) has dropped to the 20-day EMA ($2.11), which is an important level to watch for crypto alerts twitter. On Sep. 27, the bulls bought the dip to the 20-day EMA, but the long wick on the candlestick shows that the bears are selling at higher levels. If buyers can keep the price above the 20-day EMA, the TON/USDT pair could attempt a rally to the 61.8% Fibonacci retracement level of $2.40.
However, sellers might have other plans. They will try to push the price below $2.07 and extend the crypto fall to the next major support at the 50-day SMA ($1.76).
Polkadot price analysis
The bears are fiercely defending the 20-day EMA ($4.10) for Polkadot (DOT), as the crypto has remained below this level for the past several days.
The RSI is indicating the possibility of a bullish divergence, but the buyers will need to break through the resistance at $4.22 in order to reduce the selling pressure. If that does not happen, the risk of a further fall remains.
If the DOT/USDT pair continues to slide below the immediate support at $3.91, it will signify the start of the next leg of the downtrend. The next support on the downside is at $3.58.
Polygon price analysis
The crypto matic (MATIC) price bounced off the crucial support at $0.51 on Sep 25 but the bulls failed to push the price above the 20-day EMA ($0.53). This implies that the sentiment remains bearish and traders are selling on rallies. The bears are likely to try and drive the price below the Sep. 11 intraday low of $0.49. A breakdown of this support will point to the continuation of the bearish trend.
The bulls have a minor glimmer of hope as the RSI is forming a bullish divergence. Buyers will have to push and maintain the price above the 20-day EMA to indicate the beginning of a sustained recovery. The MATIC/USDT pair could then rise to the 50-day SMA ($0.56).
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