Coinbry

  • Market Cap: $2,525,757,360,422.89
  • 24h Vol: $71,756,938,760.27
  • BTC Dominance: 50.92%
September 22 Price Analysis: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC

September 22 Price Analysis: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC

Bitcoin and major altcoins are experiencing a dip from their weekly highs, but there are signs of buying on dips as bulls attempt to form a higher bottom. The sell-off in the US equities markets and cryptocurrency space may be triggered by the Federal Reserve’s decision to not hike interest rates. Bitcoin has remained flat while altcoins struggle to hold onto their intra-week gains. The next few days will be critical as it will determine whether the bears will drag prices lower or if buyers will push prices higher.

– Bitcoin is trading between moving averages, indicating indecision between bulls and bears.

– Ether turned down from the 20-day EMA, suggesting continued selling on rallies.

– BNB may consolidate between $203 and $220, with bears attempting to push below crucial support.

– XRP struggles to sustain recovery above the 20-day EMA, with important support at this level.

– Cardano forms a descending triangle pattern, with a potential break below $0.24.

– Dogecoin sees aggressive defense by bears at the 20-day EMA, but bulls are buying on dips.

– Solana faces resistance from bears at the 20-day EMA, with potential support at $18.50.

– Toncoin fails to rise above $2.59, with immediate support at $2.25.

– Polkadot sees every minor relief rally being sold into, with a possible downtrend toward $3.58.

– Polygon closes above the 20-day EMA but fails to build momentum, with potential support at $0.49.

In summary, Bitcoin and major altcoins are experiencing a dip, but there are signs of buying on dips. The next few days will determine whether the bulls or bears will take control of the market.

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