Coinbry

  • Market Cap: $2,478,717,025,599.34
  • 24h Vol: $143,714,208,035.14
  • BTC Dominance: 51.80%
September 29th Price Analysis: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), Solana (SOL), TON Crystal (TON), Polkadot (DOT), and Polygon (MATIC)

September 29th Price Analysis: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), Solana (SOL), TON Crystal (TON), Polkadot (DOT), and Polygon (MATIC)

Crypto bulls are making a valiant attempt at a comeback, my friends. They’re eyeing the altcoins that could potentially lead the charge. It’s a wild ride in the world of cryptocurrencies, and we’re here to break it down for you.

Bitcoin, the king of cryptos, is showing some positive signs as it tries to trade above $27,000. Despite adverse conditions, with the US dollar index rising and the S&P 500 plunging, Bitcoin managed to hold its ground above $26,000. This suggests that selling pressure is drying up at lower levels. Even the delay of the spot Bitcoin exchange-traded fund (ETFs) by the SEC didn’t dent prices, indicating that market participants are taking a longer-term view on Bitcoin.

The resilience of Bitcoin has boosted trader sentiment and sparked a recovery in major altcoins. But can Bitcoin extend its upward move and revive the crypto space? Let’s dive into the charts of the top 10 cryptocurrencies to find out.

Bitcoin: The bulls have finally propelled Bitcoin above the moving averages, and the path of least resistance seems to be to the upside. There is minor resistance at $27,500, but it is likely to be crossed, leading to a potential rally to the overhead resistance at $28,143.

Ether: Ether has climbed above key moving averages, indicating reduced selling pressure. If buyers overcome the resistance at $1,746, it could complete a double bottom pattern and target $1,961. However, if the price turns down from $1,746, it will indicate continued bearish sentiment.

BNB: BNB has been trading within a range, but the bulls are gaining momentum. If they can break above the resistance at $220, we could see a surge to $235. On the other hand, a sharp downturn from $220 would suggest continued range-bound action.

XRP: XRP has broken above key resistance levels, signaling a resolution in favor of the buyers. If it sustains above the resistance at $0.56, we could see a potential rally to $0.64. However, a re-entry into the triangle would indicate rejection of higher levels.

Cardano: Cardano is showing signs of a potential trend reversal, with the bulls trying to sustain above key moving averages. A break and close above the downtrend line could invalidate the bearish pattern and lead to a sharp up-move.

Dogecoin: Dogecoin’s range has narrowed, increasing the likelihood of a range expansion. If buyers can push the price above the 20-day EMA, we could see a recovery to $0.07 and $0.08. However, a swift downturn below $0.06 would favor the bears.

Solana: Solana remains stuck in a large range, with bulls buying at support and selling near resistance. A break above the 50-day SMA could signal a relief rally to $22.30, while a downturn from this level would indicate continued bearish sentiment.

Toncoin: Toncoin rebounded off key support levels, indicating positive sentiment among traders. Buyers will need to push the price above key resistance levels to open the doors for further gains. However, a downturn below $2.07 would invalidate the positive view.

Polkadot: Polkadot’s range-bound action remains intact, with buyers attempting to drive the price above key moving averages. A break above the 50-day SMA could signal a potential trend change, while a break below $3.91 would suggest a resumption of the downtrend.

Polygon: Polygon has shown solid buying at lower levels, with the potential for a break above key moving averages. A retest of the overhead resistance at $0.60 is possible, but bears are expected to defend this level.

In summary:

– Bitcoin is attempting to trade above $27,000, showing resilience in adverse conditions.

– Ether is climbing above key moving averages, with a potential double bottom pattern.

– BNB is trading within a range, but bulls are gaining momentum.

– XRP has broken above key resistance levels, signaling a resolution in favor of buyers.

– Cardano is showing signs of a potential trend reversal.

– Dogecoin’s range has narrowed, increasing the likelihood of a range expansion.

– Solana remains stuck in a large range, with bulls attempting a relief rally.

– Toncoin rebounded off key support levels, indicating positive sentiment.

– Polkadot’s range-bound action remains intact, with potential for a trend change.

– Polygon has shown solid buying at lower levels, with the potential for a break above key moving averages.

That’s the latest from the crypto world, my friends. Buckle up and enjoy the ride!

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