Price analysis 10/13: BTC. ETH. BNB. ADA. XRP. SOL. DOGE. DOT. LUNA. UNI

Bitcoin is still strong above its breakout level, but many major altcoins will be under threat until BTC announces its next move.
Bitcoin (BTC), which has been holding above $54,000 for the last few days, has not caused euphoria among investors. Google Trends data indicates that Bitcoin search interest is at its lowest point in one year and has not increased in recent days. Analysts believe this is a sign of stronger hands accumulating. CoinShares data also shows that institutional investors invested more than $226 million in Bitcoin products during the week ending October 8. The analysis firm estimates that institutional crypto products’ total assets have risen to $66.7 billion. This is just 5% less than the May record. Source: Coin360Data from Glassnode. It also shows that long-term holders hold 13.3 million Bitcoin in their wallets, accounting for 70%. Long-term holders have not sold any of their holdings, and have added more than 2.37million Bitcoin to their wallets in the past seven months. The report stated that long-term holders of Bitcoin have not sold their holdings and have added more than 2.37 million Bitcoin to their wallets over the past seven months. Let’s look at the charts of the top 10 cryptocurrency coins to see how they compare. Bitcoin/USDTBitcoin fell from $57,680 Oct. 12, but the candlestick’s long tail suggests that buyers should buy on dips. BTC/USDT daily chart. Source: TradingViewThe 20-day exponential moving mean (EMA) is rising ($51,338) and relative strength index (RSI), in the positive zone indicate a buyer advantage. The BTC/USDT pair could rise to $60,000. If bulls push the price higher than $57,839.04, however, it could act as a strong resistance. However, if bulls push the price higher, the pair could retest its all-time high of $64,854. Bullish momentum could pick up if bulls overcome the obstacle. However, if bulls push the price above $57,839.04, the BTC/USDT pair could rally to $60,000. Breaking below this level and the 20 day EMA will be the first sign bulls may be losing control. ETH/USDTEther has bounced off the $20-day EMA ($3,390), which indicates that bulls are accumulating on dips. The bulls will now push the price to the neckline for the inverse head-and-shoulders (H&S), pattern.ETH/USDT daily charts. Source: TradingViewA breakout or close above the neckline will complete bullish setup. The target objective is $4,657. The steadily rising 20-day EMA, RSI above 55 and the RSI below 55 indicate a slight advantage for the bulls. However, the ETH/USDT pairing could face stiff resistance at $4.027.88 and then at $4.372.72. BNB/USDTBinance Coin(BNB) broke below the 20-day EMA (417) on October 10. However, the bears were unable to capitalize on this advantage. The bulls defended the psychological support of $400 and pushed it back above the 20 day EMA on October 11.BNB/USDT daily charts. Source: TradingView. Although bears pulled the price below $400 Oct. 12, it appears that the move was a bear trap as the BNB/USDT exchange pair quickly recovered and rebounded to its neckline. If the pair closes above its neckline, the bullish inverse H&S pattern (bullish inverse H&S) will be completed. This setup could lead to a move up to $519.90, where there is likely to be heavy opposition. A break or close above this level could propel it to the pattern target of $554. To gain the upper hand, the bears will need to get the price below $392.20. The daily chart for ADA/USDT. Source: TradingView. The bulls will attempt to push the price above the 20-day EMA ($2.21), but if they fail, then the ADA/USDT pairing could drop to $1.87. This is a crucial level to monitor as if it fails, the ADA/USDT pair could drop to $1.87. This negative perspective will be invalidated if bulls push and sustain the pair above the resistance line of the triangle.XRP/USDTRipple (XRP) bounced off the 20-day EMA ($1.06) on Oct. 12 but the bulls are finding it difficult to sustain the price above the 50-day simple moving average ($1.08). This indicates that there are not many buyers at higher levels. XRP/USDT daily charts. Source: TradingView. If bears continue to sink below the 20-day EMA, then the XRP/USDT price pair could fall to $1. A break below the level could increase selling and bring the pair down to $0.85. Conversely, if the price is higher than the current level, bulls will attempt to push it above the overhead resistance of $1.24. The pair could rally to $1.41 if they succeed. SOL/USDTSolana broke below the 50-day moving average ($144) on October 12, but the bears were unable to capitalize on this weakness. The bulls bought the dip aggressively, pushing the price back up to the 20-day EMA ($151). Daily chart of SOL/USDT Source: TradingViewThe SOL/USDT price pair rose modestly above today’s 20-day EMA, but bears have been selling hard and the price has fallen back to the 50 day SMA. If bears continue to sink below the 50-day SMA, then the decline could reach $116. This negative view will be invalidated if the price rises from the current level and breaks the downtrend line. The pair could then reach the $177.80 Fibonacci Retracement level at 61.8%. A break and close above this level could pave the way for a rally to $200.DOGE/USDTDogecoin (DOGE) broke below the 20-day EMA ($0.23) on Oct. 10 and the bulls have not been able to reclaim the level since then. This indicates that bears are defending the 20-day EMA. DOGE/USDT daily chart. Source: TradingViewThe DOGE/USDT currency pair could fall to $0.21. If this support breaks, the next stop could become $0.19. This level has acted in the past as a strong support. Bulls may defend it again. If the current price drops to $0.21, the next stop could be $0.19. A break and close above this resistance will indicate the possible end of the down move.Related: Crypto scoring big with European footballDOT/USDTPolkadot (DOT) bounced off the 20-day EMA ($33.02) on Oct. 12, indicating that the sentiment remains positive and traders are buying on dips. Daily chart of DOT/USDT. Source: TradingView. If the price drops below $38.77, then the DOT/USDT exchange rate could drop to the moving averages. This is an important support for bulls to defend because a break below the 50-day SMA ($31.37) could open the doors for a decline to $25.50.Alternatively, if the price continues to rise from the current level and breaks above $38.77, the uptrend could resume. The first target on the upside is the all-time high at $49.78 and then the pattern target at $52.04.LUNA/USDTTerra protocol’s LUNA token dropped to the 50-day SMA ($35.87) on Oct. 12 but the bulls bought this dip as seen from the long tail on the day’s candlestick. The daily chart of LUNA/USDT shows how the buyers attempted to push the price above the 20-day EMA (39.15 on Oct. 13), but failed. Source: TradingViewThe 20 day EMA has begun to decline and the RSI has fallen below the midpoint, indicating that the bulls may be losing control. The LUNA/USDT price could fall to $32.50 if bears pull the price below the 50 day SMA. However, if this level is broken, selling could intensify and the pair could plummet to $25. Alternatively, if the price rebounds off the current level and rises above the 20-day EMA, the bulls may push the pair to $45.01.UNI/USDTUniswap (UNI) bounced off the strong support at $22 on Oct. 12 and bulls pushed the price above the moving averages on Oct. 13. The long wick on the daily candlestick for UNI/USDT indicates that the price is selling at higher levels. Source: TradingViewThe 20 day EMA ($24.29), is flat, and the RSI is just above the midpoint. This indicates a balance between supply/demand. Bears could win if the price breaks below $22 or closes below it. The UNI/USDT currency pair could drop to $18. Conversely, if the price rises above the neckline and breaks above the inverted H&S pattern’s neckline, bullish momentum could increase. The pair could rally to $31.41 before moving toward the pattern target of $36.98. Risk is inherent in every investment or trading move. HitBTC exchange provides market data.

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