Market Overview
CryptoQuant analyst Avocado_onchain noted that the short-term holder (STH) realized price—reflecting the average buy price of short-term investors who have held their coins for less than 155 days—is around $62,000. This level acts as crucial support during uptrends. If buyers can defend this level during dips, Bitcoin could see further upward movement.
Additionally, institutional investors have reduced their Bitcoin shorting, and spot Bitcoin ETFs recorded inflows of $158 million on Sept. 19, according to Farside Investors data. The key questions remain: Can Bitcoin extend its rise by overcoming the $65,000 resistance? Will altcoins gain momentum?
Bitcoin Price Analysis
On Sept. 18, Bitcoin broke out of a symmetrical triangle pattern, signaling bullish momentum. The 20-day exponential moving average (EMA) at $59,629 is trending upward, and the relative strength index (RSI) is positive, indicating bullish dominance. Resistance is stiff at $65,000; however, a successful breakthrough could propel BTC to $70,000.
The 20-day EMA is also a key support level to monitor. If this support level fails, it may suggest that bulls are losing control.
Ether Price Analysis
The inability of bears to push Ether (ETH) below the uptrend line indicates a lack of selling pressure at lower levels. On Sept. 19, bulls drove the price above the 20-day EMA ($2,424) and the 50-day SMA ($2,527) on Sept. 20. This opens the potential for a rally to the breakdown level of $2,850, where sellers may step in.
If buyers manage to push above $2,850, it could signal rejection of lower levels, with a potential rise to $3,400. Conversely, a drop below the 20-day EMA would indicate bearish control, possibly leading to a decline to the uptrend line.
BNB Price Analysis
BNB (BNB) showed positive sentiment by bouncing off moving averages on Sept. 17. The BNB/USDT pair is likely to target the $600 to $635 resistance zone. If bulls succeed, a new uptrend may begin toward $722.
If the price reverses from the overhead zone and drops below the 20-day EMA ($542), it would indicate ongoing bearish pressure, potentially prolonging range-bound action.
Solana Price Analysis
Solana (SOL) surged above the 50-day SMA ($141) on Sept. 19, maintaining the range between $116 and $210. The SOL/USDT pair could rise to $164, where bears will likely attempt to halt the uptrend. A decline below the moving averages would suggest a continued stay in the lower half of this range.
If buyers push above $164, a rally to $190 and then $210 could follow, although bears are expected to defend the $190 to $210 area vigorously.
XRP Price Analysis
XRP (XRP) has been trading within a tight range of $0.56 to $0.60, reflecting a battle between bulls and bears. The rising 20-day EMA ($0.57) and positive RSI indicate bullish momentum. If buyers break through the $0.60 barrier, XRP/USDT could rally to $0.64.
This optimistic scenario would be negated if the price drops below the moving averages, potentially dragging it to the uptrend line, which could attract buyers.
Dogecoin Price Analysis
The bulls are striving to push Dogecoin (DOGE) above the downtrend line of a falling wedge pattern. Success would indicate a potential end to the downtrend. Bears will try to stall the move at $0.12, but a breakout could lead the DOGE/USDT pair to $0.14.
If the price sharply declines from current levels and breaks below the moving averages, bears may take control, retesting the $0.09 support.
Toncoin Price Analysis
Toncoin (TON) rebounded from the 20-day EMA ($5.50) on Sept. 17, facing resistance at the 50-day SMA ($5.78). If bulls manage to push above this level, the pair may climb to $7, indicating continued range-bound action between $4.72 and $8.29.
Bears must pull the price below the 20-day EMA to open the door for a possible fall to the $4.72 to $4.44 support zone.
Cardano Price Analysis
Cardano (ADA) has approached the downtrend line of a descending triangle, a critical level for bears to defend. A push above the triangle would invalidate the bearish setup, potentially leading the ADA/USDT pair to rally to $0.40 and then $0.45.
Conversely, if the price drops from the downtrend line and falls below the moving averages, it may indicate further consolidation within the triangle.
Avalanche Price Analysis
Avalanche (AVAX) broke above the resistance line of a descending channel on Sept. 19, suggesting a potential trend change. The long wick on the Sept. 20 candlestick indicates selling pressure near $29. If the price holds above this level, the AVAX/USDT pair may rally to $33, facing strong bearish resistance.
However, a sharp drop below the moving averages would suggest continued selling pressure, potentially keeping the pair range-bound between $19.50 and $29.
Shiba Inu Price Analysis
Shiba Inu (SHIB) rebounded from the $0.000013 support on Sept. 18 and climbed above the moving averages on Sept. 19, signaling a possible recovery. The SHIB/USDT pair could rise to $0.000016, where bears may again try to halt the rally.
If the price sharply declines from $0.000016, it may enter a range-bound phase. The first support level lies at the moving averages, followed by $0.000013. Sustaining below $0.000013 would indicate a resumption of the downtrend.
Conclusion
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research before making decisions.
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