BTC, DOGE, AVAX, ETH, ADA and 5 Altcoins

Bitcoin (BTC) technical analysis

BTC and Ethereum bulls target critical resistances

Ethereum dropped below $3,000 on September 20 and completed a bearish head and shoulders pattern. Usually the break of the neckline is retested and this was observed on September 22. Of the technical indicators, the MAs are completing the downtrend and the RSI is in the negative territory, which shows the advantage for the bears. If the price drops from the current level, the bears’ first target would be $1,972.12. This level, which is the formation target, could take the first stop where the bears will aim lower. Conversely, if the bulls can stay above $3,000, it will indicate a buildup on the dips. ETH could later rise towards $3,303, which could act as a stiff resistance again. A break and close above this level could indicate that the bulls are back in the game.

Altcoin ADA bulls launch second exit at $1.94

Cardano (ADA) is experiencing a strong correction, but the bulls are trying to stop the rally that hit the wall at $2.38 to the strong support at $1.94. On the technical side, the MAs are close to completing the downtrend and the RSI is in the negative territory, suggesting that the bears have prevailed. If the price drops from the 20-day EMA, the bears could challenge the $1.94 support again. A break and close below this level could open the doors for more declines to $1.60. The bulls will need to push and sustain the price above the 20-day EMA to signal the start of a sustained recovery. Afterwards, ADA could rally to $2.60 and later to $2.80.

Binance Coin (BNB) technical analysis

Binance Coin (BNB) broke below the September 7 low of $369 on September 20 and hit strong support at $340 on September 21. The bulls are now trying to defend this level. On the technical side, the MAs have completed the downtrend and the RSI is below 41, which indicates that the bears are taking advantage. Any pullback could be met with strong selling near $410. On the other hand, if the bears sink the price below $340, BNB could drop to psychological support at $300 and then to $250. This downside view will be rejected if the bulls propel and sustain the price above the overhead resistance at $433.

Ripple (XRP) technical analysis

Ripple (XRP) broke and closed below the September 7 intraday low of $0.95 on September 20, suggesting that supply has outstripped demand. The MAs have completed the downtrend and the RSI is in the negative territory, indicating that the bears have prevailed. The current relief rally is likely to face a hurdle at $1.06. If the price drops from this resistance, it will indicate that traders continue to sell in the rallies. The bears will then try to continue the downward move. If the price dips below $0.85, XRP price could drop to the next support at $0.75. The bulls will have to reach between $1.07 and $1.13 to make a move again.

Solana bulls weaken at $144

Solana (SOL) broke and closed below $144 on Sept. 20; this was the first sign that the uptrend might weaken. The bulls tried to push the price above the 20-day EMA on Sept. 21 but failed, indicating that the bears are attempting a reversal. The SOL then rebounded from the 61.8% Fibonacci retracement level at $123.42 and reached the 20-day EMA. If the bulls push the price above the 20-day EMA and the downtrend line, SOL price could rally to $171.47. This level could act as a resistance again, but a break above it could result in a move to $200 and then $216. Conversely, if the price turns down from the current level or downtrend line, it will suggest selling at higher levels. The bears will then attempt to push the price below $123.42 and extend the decline to the 50-day simple moving average ($104).

DOT bulls should watch out for these 2 critical supports

Polkadot (DOT) dropped below $27.71 on Sept. 21, but the bulls continued to buy on the decline and regained the area on Sept. 22. This suggests that the bulls are trapping the bears and causing a short squeeze. According to the analyst, the important level to watch out for in the DOT is $31.42. If buyers push the price above this resistance, it could retest $35 and then $38.77. Conversely, if the price drops from the 20-day EMA, it indicates that traders are selling in rallies. The bears will then make an attempt to push the price to the intraday low of September 7 at $22.66.

Dogecoin remains stagnant

Dogecoin (DOGE) broke the $0.21 support on September 20 and closed below it, but the bears failed to break the $0.19 support. This indicates that demand is strong at lower levels. Now, the bulls are trying to keep the price above this level. If successful, DOGE could rally to $0.24. Bears are likely to defend this level aggressively. If the price breaks from the 20-day EMA, the bears will make another attempt to push the price below the $0.21 to $0.19 support zone. If they succeed, the next target will be the $0.15 critical support zone. Later, the bulls will have to push and sustain the price above the downtrend line to indicate that the correction may be over.

What awaits BTC and AVAX bulls?

Avalanche (AVAX) sharply bounced back at $56.34 on Sept. 22, indicating that traders are buying on the dips. Buyers pushed the price above the overhead resistance at $66.24, raising the possibility of retesting the ATH level at $76.27. A break and close above this resistance will signal the resumption of the uptrend. Contrary to this assumption, if the price drops from the current level or overhead resistance, it will indicate that higher levels are pulling profit booking. The bears will then make an attempt to push the price below the 20-day EMA. If they are successful, AVAX price could start a deeper correction to $48 and then to $40.49.

Uniswap (UNI) technical analysis

cryptocoin.com Uniswap (UNI), which we quoted as , closed below $21, the intraday low of September 7, showing that these investments quickly left positions. The price is also currently correcting inside a descending channel formation. Of the technical indicators, the 20-day EMA ($24.10) is sloping down and the RSI is below 41, suggesting that the bears have prevailed. Any rebound from the current level could face stiff resistance at the daily EMA. If the price drops from this resistance, UNI price could drop to the support line of the channel. A break and close below $18 will give the bears strength for a possible drop to $13. However, this negative view will be invalidated if the price breaks and closes above the falling channel. It can gradually rise as high as $27.62 later on.