Bitcoin (BTC) und Äther (ETH) are attempting to bounce off their critical support levels as bulls try to thwart attempts by the bears to deepen the correction.

Tesla CEO Elon Musk said at the Code Conference in California recently that governments cannot “destroy crypto,” due to its decentralized nature but can “slow down its advancement.”

Data shows that whales have been moving record amounts of Bitcoin in the past two weeks. The total transfer volume of transactions worth $10 million and higher have surpassed levels seen when Bitcoin’s price was near $60,000.

According to on-chain analytics resource Material Indicators, “smaller” whales sold and mega whales added to their holdings.

Tägliche Marktleistung bei Kryptowährungen. Quelle: Coin360

Bobby Lee, the former CEO of BTCC exchange, said in an interview with Bloomberg on Sept. 29 that Bitcoin’s rally is expected to begin in 2021, which will not only push the price to an all-time high but also clear the psychological mark at $100,000 and possibly reach $200,000.

Are Bitcoin and altcoins getting ready for a relief rally or will bears pull the price below the respective support levels? Lassen Sie uns die Diagramme der Top-10-Kryptowährungen analysieren, um dies herauszufinden.

BTC / USDT

Bitcoin continues to trade between the 100-day simple moving average ($41,221) und der exponentielle gleitende 20-Tage-Durchschnitt ($44,229). The price has rebounded off the 100-day SMA today, indicating that bulls continue to defend this support aggressively.

BTC / USDT-Tages-Chart. Quelle: TradingView

The 20-day EMA is sloping down and the relative strength index (RSI) ist im negativen Bereich, indicating that the sentiment remains negative and bears may sell on rallies. Wenn der Preis von der 20-Tage-EMA abweicht, the tight range action may continue for a few more days.

A break and close below the 100-day SMA could result in panic selling and pull the price down to $37,332.70. If this level also cracks, the BTC/USDT pair could plummet to $30,000.

Alternative, a break and close above the 20-day EMA will be the first sign that the selling pressure could be reducing. The pair may then rise to the 50-day SMA ($46,580), followed by a move to $48,843.20.

ETH / USDT

Ether turned down from the 20-day EMA ($3,118) am September. 27 and dropped to the 100-day SMA ($2,771) am September. 28. The bulls have once again held the support and are attempting to push the price toward the 20-day EMA.

ETH / USDT Tages-Chart. Quelle: TradingView

The downsloping 20-day EMA and the RSI in the negative territory suggest that bears remain in control. If the price turns down from the current level or the 20-day EMA, the bears will make one more attempt to break the 100-day SMA support.

Falls das passiert, the ETH/USDT pair could slide to $2,400 and if this support also gives way, Der Rückgang könnte sich auf erstrecken $1,972.12. The bulls will have to push and sustain the price above $3,174.50 to signal that the correction may be over. The pair could then rise to the 50-day SMA ($3,291) und dann zu $3,676.28.

ADA / USDT

Cardano (ES GIBT) has been trading between the 20-day EMA ($2.27) und die $1.94 support for the past few days. The long wick on today’s candlestick suggests that bears are selling on relief rallies.

ADA / USDT-Tages-Chart. Quelle: TradingView

The downsloping 20-day EMA and the RSI below 40 indicate that bears have the upper hand. The sellers may make one more attempt to sink and sustain the price below the zone between $1.94 and the 100-day SMA ($1.87).

If the price slips below this support zone, the selling could pick up momentum and the ADA/USDT pair could decline to $1.60 und später zu $1.40. This negative view will invalidate if bulls drive and sustain the price above $2.47.

BNB / USDT

Binance-Münze (BNB) closed below the $340 Unterstützung im September. 27 but the bears could not capitalize on this move and sink the price below $320. This shows that selling dries up at lower levels.

BNB / USDT-Tages-Chart. Quelle: TradingView

The RSI has formed a positive divergence, indicating that the bearish momentum could be weakening. The strong rally today indicates aggressive buying at lower levels and possible short-covering by the bears.

If bulls drive the price above the 20-day EMA ($381), Dies deutet darauf hin, dass die Korrektur möglicherweise abgeschlossen ist. Das BNB/USDT-Paar könnte sich dann zu erholen $433.

Andererseits, wenn der Preis erneut von der 20-Tage-EMA abweicht, Es wird darauf hindeuten, dass Händler Rallyes verkaufen. The bears will then make one more attempt to pull the price below $320.

XRP / USDT

XRP again dropped to the 100-day SMA ($0.88) am September. 28. Repeated retests of a support level tend to weaken it but a minor positive sign is that the bulls have successfully defended the level on several occasions in the past few days.

XRP / USDT-Tages-Chart. Quelle: TradingView

The bulls pushed the price to the 20-day EMA ($1.00) today but the long wick on the day’s candlestick suggests that bears are in no mood to relent.

Wenn der Preis vom aktuellen Niveau abfällt, the bears will make one more attempt to sink and sustain the price below the 100-day SMA. Wenn sie erfolgreich sind, the XRP/USDT pair could decline to $0.69.

Entgegen dieser Annahme, wenn Bullen den Kurs über den 20-Tage-EMA treiben, das Paar könnte sich zum 50-Tage-SMA erholen ($1.11).

SOL / USDT

Although Solana (SOL) has broken out of the downtrend line, the bulls are struggling to sustain the price above the 20-day EMA ($141). This suggests that sentiment remains negative and bears are selling on rallies.

SOL / USDT-Tages-Chart. Quelle: TradingView

A break and close above the 20-day EMA will be the first indication that the selling pressure could be reducing. The SOL/USDT pair may then rise to the 38.2% Fibonacci Retracement Level bei $154.20 und dann zum 50% Retracement-Level bei $166.

Alternative, if the price turns down from the 20-day EMA or the overhead resistance, the bears will try to pull the pair below the 50-day SMA ($118). Eine Pause und unten schließen $116 could result in panic selling.

DOT / USDT

Tupfen (PUNKT) is attempting to rebound off the neckline of the developing head and shoulders pattern. This is an important level for the bulls to defend because a break and close below it will complete the bearish setup.

DOT / USDT-Tages-Chart. Quelle: TradingView

The selling could pick up momentum below the neckline, pulling the price to the 100-day SMA ($22.28) and then toward the pattern target at $12.23. Die abfallende 20-Tage-EMA ($30.12) and the RSI just below the midpoint suggest a slight advantage to bears.

Umgekehrt, if bulls thrust the price above the 20-day EMA and the downtrend line, it will indicate that bears may be losing their grip. Das Paar konnte sich dann versammeln $33.60 where bears may again pose a stiff challenge. A break and close above this resistance could clear the path for a retest at $38.77.

verbunden: VORTECS™ Bericht: This key trading algo spotted bullish altcoin setups even as BTC price fell

DOGE / USDT

Dogecoin (Hund) is sandwiched between $0.19 und $0.21 für die letzten drei Tage. This tight-range trading suggests indecision among the bulls and the bears about the next directional move.

DOGE / USDT-Tages-Chart. Quelle: TradingView

The RSI is attempting to form a positive divergence, suggesting that the selling pressure could be reducing. If bulls thrust the price above $0.21, das DOGE/USDT-Paar könnte auf den 20-Tage-EMA steigen ($0.22) was wiederum als steifer Widerstand wirken könnte.

A break and close above the 20-day EMA will be the first indication of strength and could open the gates for a possible up-move to the downtrend line.

Alternative, wenn der Preis vom aktuellen Niveau oder vom Overhead-Widerstand abweicht und darunter bricht $0.19, the pair could plummet to $0.15.

AVAX / USDT

The long wick on Avalanche’s (AVAX) September. 27 candlestick shows that bears aggressively sold on rallies. The selling continued and bears pulled the price below the support line of the ascending channel on Sept. 28.

AVAX / USDT-Tages-Chart. Quelle: TradingView

Although bulls have pushed the price back into the channel today, the long wick on the day’s candlestick suggests that bears are selling on every minor recovery. Die 20-Tage-EMA ($62.12) has flattened out and the RSI is just above the midpoint, indicating that bulls may be losing their grip.

If the price fails to sustain inside the channel, the AVAX/USDT pair could slide to the next support at $52. Umgekehrt, if bulls sustain the price inside the channel, das Paar kann aufsteigen $72 und wenn diese Ebene überschritten wird, ein erneuter Test des Allzeithochs bei $79.80 ist möglich.

UNI / USDT

The bulls pushed Uniswap (UNI) above the downtrend line of the descending channel in the past two days but they could not sustain the higher levels. jedoch, a minor positive is that bulls have not given up much ground and are again trying to scale the overhead resistance today.

UNI / USDT-Tages-Chart. Quelle: TradingView

The flattish 20-day EMA ($23) and the RSI near the midpoint suggest that bears are losing their grip. If the price sustains above the channel, the UNI/USDT pair could rise to the 50-day SMA ($25.88) und später zu $27.62.

A break and close above $27.62 may result in a retest of the stiff overhead hurdle at $31.41. Umgekehrt, wenn der Preis vom aktuellen Niveau abweicht, it will suggest that bears are aggressively defending the resistance. If the pair slips below $21.84, Die nächste Station könnte sein $17.73.

Die hier geäußerten Ansichten und Meinungen sind ausschließlich die des Autors und spiegeln nicht unbedingt die Ansichten von Cointelegraph wider. Jeder Investitions- und Handelsschritt ist mit Risiken verbunden. Sie sollten Ihre eigenen Untersuchungen durchführen, wenn Sie eine Entscheidung treffen.

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