Price analysis 9/27: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, AVAX, LUNA

Bitcoin (BTC) and Ether (ETH) recovered a large part of the losses that happened due to the knee-wiggle reaction to China's regulatory crackdown on Sept. 24. This suggests that crypto markets have captivated the news-based selling, with long-term investors likely using the dip to accumulate.

Nevertheless, a rally may take to wait as market participants watch the result of the infrastructure neb this week, which could see the argue start on Sept. 27 and the final vote on Sept. 30. The wide definition of a "banker" may cause some volatility in crypto markets but HODLers are unlikely to be shaken.

*Daily cryptocurrency market place performance. Source:* *Coin360*

Analyst Willy Woo said that "Bitcoin has entered the Never Gonna Give You lot Upwardly phase of the Astley Cycle," which could be followed by a rally.

On i side are the "Rick Astley" investors and on the other end of the spectrum is JPMorgan CEO Jamie Dimon who remains steadfast in his criticism of Bitcoin. In an interview with The Times of India, Dimon said that he won't buy Bitcoin even if it rises "10 times in price in the next five years."

Could Bitcoin extend its recovery in the adjacent few days or is a range-jump action likely? Let'south analyze the charts of the height 10 cryptocurrencies to detect out.

BTC/USDT

Bitcoin has been aquiver between the 100-day simple moving average (SMA) ($41,078) and the 20-day exponential moving boilerplate (EMA) ($44,982) for the past few days, indicating that bulls are buying on dips while bears are selling on rallies.

The downsloping twenty-day EMA and the relative strength index (RSI) but below the midpoint suggest that the path of least resistance is to the downside. If bears sink and sustain the cost beneath the 100-24-hour interval SMA, the selling could intensify.

The BTC/USDT pair could then drop to $37,332.70 and if this level likewise gives style, the decline may extend to $30,000.

This bearish view volition invalidate if the price turns up from the electric current level and breaks above the moving averages. Such a motility will suggest that the bulls are dorsum in the game. The pair could then rally to $48,843.xx and later to $52,920.

ETH/USDT

The long tail on Ether's candlesticks of the by three days shows that bulls are ownership aggressively virtually the 100-day SMA ($2,756). Hence, this becomes an of import level to watch out for.

The 20-mean solar day EMA ($iii,193) is sloping downward and the RSI is merely below the midpoint, indicating that bears have a slight edge. If the cost turns downward from the current level, the ETH/USDT pair could consolidate between the moving averages for a few more days.

A break and close below the 100-24-hour interval SMA could intensify selling and the pair may drop to $two,400 followed by a drop to $1,972.12. On the other hand, a pause and close above the 20-twenty-four hours EMA will be the first sign of forcefulness. The pair could and then rise to $three,600.

ADA/USDT

The bulls pushed Cardano (ADA) higher up the moving averages on Sept. 25 but they could not clear the hurdle at $2.47. This suggests that bears have not given up and are selling on rallies to overhead resistance levels.

The ADA/USDT pair has turned downwardly and the bears will at present attempt to sink the cost to the disquisitional back up at $1.94. This is an important level for the bulls to defend because if information technology cracks, the pair could commencement a downtrend.

On the contrary, if the cost turns up from the current level or rebounds off $1.94, the bulls will again attempt to propel the pair above $2.47. If they manage to do that, it will indicate that the correction could exist over. The pair could and then rally to $ii.97.

BNB/USDT

Binance Coin (BNB) dipped below the support at $340 on Sept. 26, only the bulls bought the dip and held the level on a closing basis. The buyers are currently struggling to sustain the price higher up $340, indicating selling on minor rallies.

If the price turns down and breaks beneath the $340 to $320 support zone, the BNB/USDT pair could extend the decline to $300 and later to $250. The 20-day EMA ($388) is sloping down and the RSI is below 37, suggesting that bears are in command.

The outset sign of strength will be a break and close above the 20-day EMA. Such a motility will propose that the selling pressure is reducing. The pair could then rally to the overhead resistance at $433.

XRP/USDT

Ripple (XRP) has repeatedly bounced off the 100-24-hour interval SMA ($0.88) in the past few days, indicating that bulls are aggressively defending the support. The bulls will at present try to push the cost above the overhead resistance zone betwixt the xx-solar day EMA ($ane.02) and the 50-day SMA ($1.10).

If they manage to do that, it will propose that the correction could be over. The XRP/USDT pair could and so rise to $1.41 where bears may again mount a potent resistance.

The downsloping 20-twenty-four hour period EMA and the RSI in the negative zone betoken that bears are in control. If the cost turns down from the 20-24-hour interval EMA, the pair could drop to the 100-day SMA. If this level holds, the pair may remain stuck between the moving averages for a few days.

The side by side leg of the down move could begin if bears sink and sustain the price below the 100-day SMA. That could clear the path for a possible drop to $0.69.

SOL/USDT

Solana (SOL) broke out of the downtrend line and the 20-day EMA ($143) today, which suggests that the bears may exist losing their grip. The twenty-day EMA has flattened out and the RSI is but higher up the midpoint, indicating a rest between supply and demand.

The short-term advantage could tilt in favor of the bulls if they push and sustain the price higher up $152.50. The SOL/USDT pair could then rally to $171.47 where the bears may again mount a stiff resistance.

If the price turns downwardly from the electric current level or the overhead resistance, the bears volition try to pull the cost down to the 50-twenty-four hours SMA ($114). A break and close beneath this support could propose a change in trend. On the other paw, a suspension and shut above $171.47 could button the pair to $200.

DOT/USDT

Polkadot (DOT) broke below the l-day SMA ($28.76) on Sept. 26, but the long tail on the day'due south candlestick suggests that bulls are attempting to defend the neckline of the caput and shoulders pattern.

The buyers attempted to push the price higher up the overhead resistance at the 20-day EMA ($30.91) today but the long wick on the twenty-four hour period'south candlestick indicates that bears are selling on rallies.

If bears pull the DOT/USDT pair below the 50-day SMA, a retest of the neckline is possible. A break and close below this support will complete the bearish H&Southward pattern, which has a pattern target at $12.23.

On the contrary, if bulls drive the cost above the downtrend line, the pair could rise to $33.60 and later to $38.77.

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DOGE/USDT

Dogecoin (DOGE) plummeted and closed beneath the $0.21 support on Sept. 24. Sustained selling pulled the price to $0.xix on Sept. 26 but the positive sign is that bulls defended this level aggressively as seen from the long tail on the day'south candlestick.

The bulls are attempting to push the price above the overhead resistance at $0.21. If they succeed, the DOGE/USDT pair could rise to the 20-day EMA ($0.23), which is likely to act as a strong resistance.

If the cost turns downward from the 20-day EMA, the bears may pull the pair to $0.19. A break and close below this support could sink the pair to $0.15. Conversely, a break and close to a higher place the 20-twenty-four hours EMA could result in an upward-move to the 50-day SMA ($0.26).

AVAX/USDT

The long tail on Avalanche'southward (AVAX) Sept. 26 candlestick suggests strong demand at lower levels. The bulls will at present try to push button the cost to the all-time high at $79.80.

A breakout and close above the all-fourth dimension high will signal the resumption of the uptrend. The bears may effort to stall the up-move at the resistance line of the channel simply if bulls overcome this hurdle, the AVAX/USDT pair could selection upwards momentum and rally to $100.

Alternatively, if the price turns downward from the current level and breaks below the support line of the channel, the pair could commencement a deeper correction. A intermission below the breakout level at $threescore.04 could open up the gates for a refuse to the 50-day SMA ($46.23).

LUNA/USDT

Terra protocol's LUNA token turned downwardly from $41.28 on Sept. 24 just the positive sign is that bulls did non let the toll to intermission below the 20-day EMA ($34.51). This suggests that bears are selling on rallies and bulls are ownership on dips.

The indicators are giving conflicting signals with the upsloping moving averages indicating advantage to buyers while the negative divergence on the RSI warns that the bullish momentum may be weakening.

If bulls drive the cost in a higher place the downtrend line, the LUNA/USDT pair could retest the all-time high at $45.01. A intermission and shut to a higher place this resistance will propose the resumption of the uptrend.

Alternatively, if the toll turns downwardly from the current level or the downtrend line and breaks below the 20-twenty-four hours EMA, the decline could extend to the fifty-day SMA ($30.43).

The views and opinions expressed here are solely those of the author and practice not necessarily reflect the views of Cointelegraph. Every investment and trading motility involves risk. Yous should conduct your ain enquiry when making a decision.

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