China has attempted to stifle the crypto sector’s growth on several occasions in the past 12 years but barring a minor blip, the blanket bans on crypto-commerce have not altered the long-term growth of cryptocurrencies. This shows that no one country, even if it is the second-largest economy in the world, can halt the emergence and growth of cryptocurrencies.

Deutsche Bank analyst Marion Laboure said in an update on the bank’s website that Bitcoin (BTC) is likely to “remain ultra-volatile in the foreseeable future” as most people buy it either for investment or for speculation rather than using it as a medium of exchange.

하나, Laboure believes that Bitcoin could become “the 21st century’s digital gold” and the trend could continue for centuries with no major control by the government.

암호 화폐 시장 데이터 일별보기. 원천: 코인 360

At Morningstar’s yearly investment conference, Dennis Lynch, the head of asset management at Counterpoint, likened Bitcoin to the South Park cartoon character Kenny. Lynch said: “I like to say that bitcoin’s kind of like Kenny from South Park — he dies every episode, and is back again.”

As the effect of the China FUD diminishes, let’s study the charts of the top-5 cryptocurrencies that may remain strong in the short term.

BTC / USDT

Bitcoin has once again bounced off the 100-day simple moving average ($41,002), suggesting that bulls are attempting to defend this level aggressively. The bulls will now try to push the price above the 20-day exponential moving average ($45,178).

BTC / USDT 일일 차트. 원천: 트레이딩뷰

The downsloping 20-day EMA and the relative strength index (RSI) in the negative zone suggest that bears have the upper hand. 가격이 20 일 EMA에서 하락하는 경우, the possibility of a break below the 100-day SMA will increase.

Such a move will complete the bearish head and shoulders pattern, 대상 목표가있는 $32,423.05.

The bulls will have to push and sustain the price above the overhead resistance at $48,843 to open the doors for a possible rally to $52,920. A break and close above this level could signal the resumption of the uptrend.

BTC / USDT 4 시간 차트. 원천: 트레이딩뷰

The BTC/USDT pair is witnessing a tough tussle between the bulls and the bears near the neckline. The bulls have pushed the price above the 20-EMA and will next try to clear the overhead hurdle at $45,200.

그들이 그것을 뽑을 수 있다면, the pair could climb to $49,000. 거꾸로, 가격이 현재 수준에서 하락하면, the bears will try to pull the price below the critical support zone at $41,000 ...에 $39,600. A violation of this zone may indicate the start of a downtrend.

AVAX / USDT

눈사태 (AVAX) is trading inside an ascending channel pattern. The long tail on today’s candlestick suggests that bulls are aggressively buying on dips to the 20-day EMA ($61).

AVAX / USDT 일일 차트. 원천: 트레이딩뷰

The rising moving averages and the RSI in the positive zone indicate advantage to buyers. The AVAX/USDT pair could now try to retest the all-time high at $79.80. This is an important level to watch out for because a break above it could signal the resumption of the uptrend.

The pair could then rally to the resistance line of the channel and the bullish momentum may pick up if this hurdle is crossed.

거꾸로, 가격이 현재 수준 또는 오버 헤드 저항에서 하락하여 아래로 하락하는 경우 $60.04, it will suggest the start of a deeper correction to the 50-day SMA ($45).

AVAX/USDT 4시간 차트. 원천: 트레이딩뷰

The pair has bounced off the 100-SMA and the bulls are attempting to sustain the price above the 20-EMA. 그들이 그렇게 할 수 있다면, the pair could start its northward march to $79.80 곰이 다시 딱딱한 저항을 할 수있는 곳.

하락세로, the critical level to watch is the support line of the channel. A break and close below this support will be the first indication that the bulls may be losing their grip. 가격이 아래로 떨어지면 $60.04, 감소는 $55.

ALGO/USDT

알고 랜드 (어떤 것) is trading below the 20-day EMA ($1.77) but the long tail on today’s candlestick suggests that bulls are attempting to defend the support at $1.51.

ALGO/USDT 일간 차트. 원천: 트레이딩뷰

If bulls drive and sustain the price above the downtrend line, it will suggest that the short-term correction could be over. The ALGO/USDT pair could then rise to $2.15 그리고 $2.55.

대안으로, 가격이 하락하면 $1.84, 쌍은 다시 떨어질 수 있습니다 $1.51. 황소가이 지원을 방어한다면, 쌍은 사이에 범위 한정으로 남아있을 수 있습니다 $1.84 과 $1.51 며칠 동안.

휴식 및 종료 아래 $1.51 추세의 가능한 변화를 알릴 것입니다.. The pair could then slide to the next support at $1.15.

ALGO/USDT 4-hour chart. 원천: 트레이딩뷰

The pair is trying to rebound off the strong support at $1.51 but the recovery may hit a barrier at the moving averages and then again at the downtrend line.

가격이 오버 헤드 저항에서 하락하면, it will indicate that sentiment remains negative and traders are selling on relief rallies. That will increase the likelihood of a break below $1.51.

This negative view will be negated if the price rises and sustains above the downtrend line. The bulls will then make one more attempt to resume the up-move.

관련된: 파생 상품 데이터는 Solana가 단기 최고에 도달했음을 시사합니다.

XTZ/USDT

테 조스 (XTZ) rebounded sharply from the breakout level at $4.47 on Sept.22, indicating aggressive buying on dips. The bulls pushed the price back above the 20-day EMA ($6.10) 9 월. 23 and have held the level since then.

XTZ / USDT 일일 차트. 원천: 트레이딩뷰

이동 평균이 경사지고 RSI가 플러스 영역에 있습니다., suggesting that bulls have the upper hand. The buyers are likely to challenge the overhead resistance zone at $8.03 ...에 $8.42.

A breakout and close above this zone will signal the start of the next leg of the uptrend. The pair could then rally to the psychological mark at $10.

이 가정과는 반대로, 가격이 현재 수준 또는 간접 저항에서 하락하고 20일 EMA 아래로 떨어지면, 쌍은 떨어질 수 있습니다 $4.47.

XTZ / USDT 4 시간 차트. 원천: 트레이딩뷰

The pair is attempting to rebound off the 20-EMA, indicating that sentiment has turned positive and traders are buying on dips. The bulls will now try to push the price to the overhead resistance at $7.50.

If this level is scaled, 쌍은 집회 할 수 있습니다 $8.03 곰이 뻣뻣한 저항을 할 가능성이있는 곳. If bulls do not give up much ground from this resistance, the possibility of a break above it will increase.

이 낙관적 견해는 가격이 하락하고 이동 평균 아래로 떨어지면 무효화됩니다.. Such a move could result in a drop to $5.50 그리고 $4.47.

EGLD/USDT

엘론드 (EGLD) bounced off the 50-day SMA ($181) but could not clear the overhead hurdle at $245.80. This suggests that bulls are buying on dips while bears are selling on rallies.

EGLD / USDT 일일 차트. 원천: 트레이딩뷰

20 일 EMA ($220) has flattened out and the RSI is just above the midpoint, 공급과 수요 사이의 균형을 나타냄.

The buyers are attempting to sustain the EGLD/USDT pair above the 20-day EMA. 그들이 그렇게 할 수 있다면, the bulls will again try to push the pair above $245.80. 그들이 그렇게 할 수 있다면, 쌍은 집회 할 수 있었다 $303.03.

반대로, if bears pull the price down from the current level, a retest of the 50-day SMA is possible. A break and close below this support could open the doors for a further decline to the 100-day SMA ($132).

EGLD/USDT 4-hour chart. 원천: 트레이딩뷰

The pair has bounced off the uptrend line, which suggests that traders are buying on dips. The bulls will now try to propel and sustain the price above the downtrend line. 그들이 성공한다면, the pair may resume its up-move and rally to $277.88 그리고 $303.03.

이 가정과는 반대로, 가격이 하락 추세선에서 하락하면, the bears will try to gain an advantage by pulling the price below the uptrend line. Such a move could clear the path for a deeper correction.

여기에 표현 된 견해와 의견은 전적으로 저자의 견해이며 반드시 Cointelegraph의 견해를 반영하는 것은 아닙니다.. 모든 투자 및 거래에는 위험이 수반됩니다, 결정을 내릴 때 스스로 조사해야합니다..