Autor Cointelegraph By Rakesh Upadhyay

The geopolitical tension between Russia and Ukraine has resulted in investors seeking safe-haven assets. Contrary to expectations by crypto investors, Bitcoin (BTC) has failed to rise along with gold and it remains closely correlated with the U.S. stock markets.Lloyd Blankfein, the former CEO of Goldman Sachs, said that the actions of governments freezing accounts, blocking payments and inflating the U.S. dollar should all be positive for crypto but the price action suggests a lack of large inflows.Daily cryptocurrency market performance. Source: Coin360On-chain data suggests that investors may be accumulating Bitcoin for the long term. Data from Santiment shows that 21 out of the past 26 weeks have seen Bitcoin move off the exchanges. Could Bitcoin climb back above $40,000 and pull altcoins higher? Let’s analyze the charts of the top-10 cryptocurrencies to find out.BTC/USDTBitcoin has been attempting to form a base for the past few weeks. The price has been stuck inside an ascending channel with bulls buying on dips to the support line and bears selling on rallies to the resistance line.BTC/USDT daily chart. Source: TradingViewThe crisscrossing moving averages and the relative strength index (RSI) near 45, indicate a minor advantage to bears. If the immediate support at $37,000 fails to hold, the BTC/USDT pair could decline to the support line of the channel.A strong rebound off this level will suggest that bulls are accumulating at lower levels. The bulls will then attempt to push the price above the moving averages. If they do that, the pair could rise to the resistance line of the channel.The traders should keep a close watch on a break above or below the channel as that could start a strong trending move. ETH/USDTEther (ETH) broke and closed below the support line of the symmetrical triangle pattern on March 6, indicating that the continuation pattern has resolved in favor of the bears.ETH/USDT daily chart. Source: TradingViewThe bulls purchased the dip and are attempting to push the price back into the triangle. If they manage to do that, it will suggest that the current breakdown may have been a bear trap. A break and close above the moving averages could push the ETH/USDT pair to the psychological level at $3,000 and later to the resistance line of the symmetrical triangle.Conversely, if the price turns down and breaks below $2,491, the prospects of a decline to the support zone between $2,300 and $2,159 increase. This is an important zone for the bulls to defend because if it cracks, the selling could intensify and the downtrend may resume. The pair could then drop toward the next strong support at $1,700.BNB/USDTBNB broke below the 20-day exponential moving average (EMA) ($387) on March 4. The bulls tried to push the price back above the level on March 5 and 6 but failed.BNB/USDT daily chart. Source: TradingViewIf the price sustains below the 20-day EMA, the BNB/USDT pair could drop to the strong support at $350. This is an important level to watch out for because if this level cracks, the decline could extend to the strong support zone at $330 to $320.Conversely, if the price turns up and breaks above the moving averages, the bulls will attempt to push the pair to $425 and later to $445. This level could attract strong selling but if bulls overcome this resistance, the up-move could reach $500.XRP/USDTRipple (XRP) has again bounced off the 50-day simple moving average (SMA) ($0.72), indicating that bulls continue to defend the level with all their might. The buyers will now try to push and sustain the price above the downtrend line. XRP/USDT daily chart. Source: TradingViewIf they succeed, the momentum could pick up and the XRP/USDT pair could rise to $0.85 and then to $0.91. The bears are likely to mount a stiff resistance in the zone between $0.91 and $1. A break and close above $1 could bring the large range between $1.41 and $0.50 into play.This positive view will invalidate in the short term if the price turns down from the downtrend line and plummets below $0.62. That could open the doors for a possible drop to the strong support at $0.50.LUNA/USDTTerra’s LUNA token turned down from the overhead resistance at $94 and could now drop to the 20-day EMA ($74). During uptrends, the bulls buy the dips to the 20-day EMA; hence, this becomes an important level to watch out for.LUNA/USDT daily chart. Source: TradingViewIf the price rebounds off the 20-day EMA, the buyers will again try to drive and sustain the LUNA/USDT pair above $94. The gradually upsloping 20-day EMA and the RSI in the positive zone indicate advantage to buyers. A break and close above $94 could push the pair to the all-time high at $103. The bulls will have to clear this hurdle to signal the resumption of the uptrend.Alternatively, if the price breaks below the 20-day EMA, the pair could drop to the breakout level at $70. A break below this support could suggest that the advantage may be shifting in favor of the bears.SOL/USDTSolana (SOL) broke below the 20-day EMA on March 4 and dropped close to the strong support at $81 on March 7. This is an important level to keep an eye on. SOL/USDT daily chart. Source: TradingViewIf the price breaks and sustains below $81, the SOL/USDT pair could complete a descending triangle pattern. Such a move could suggest the resumption of the downtrend. The pair could then drop to $66 and then extend its slide to the pattern target at $40.The downsloping moving averages and the RSI in the negative territory indicate advantage to bears. Contrary to this assumption, if the price rises and breaks above the downtrend line, it will suggest that bears may be losing their grip. The pair could then rally to $122.ADA/USDT Cardano (ADA) bounced off the immediate support at $0.82 on March 5 but the bulls could not push the price toward the 20-day EMA ($0.92).ADA/USDT daily chart. Source: TradingViewThe downsloping moving averages and the RSI in the negative territory indicate that bears have the upper hand. If the price breaks and sustains below $0.82, the ADA/USDT pair could drop to the strong support at $0.74. If this support also cracks, the decline could extend to the next support at $0.68.Alternatively, if the price rises from the current level, the bulls will again try to propel the pair above the 20-day EMA. If they manage to do that, the pair could retest the breakdown level at $1. A break and close above this level could be the first sign that the bulls are on a comeback.Related: 3 reasons why Bitcoin can rally back to $60K despite erasing last week’s gainsAVAX/USDTAvalanche (AVAX) slipped below the moving averages on March 4 and the bears thwarted attempts by the bulls to push the price back above the 20-day EMA ($78) on March 5.AVAX/USDT daily chart. Source: TradingViewThe selling resumed on March 6 and the price reached close to the uptrend line. The bulls bought this dip and are again trying to push the price above the moving averages. If they succeed, the AVAX/USDT pair could reach the downtrend line of the descending channel. The bulls will have to clear this barrier to signal a possible change in trend.On the contrary, if the price turns down from the current level and breaks below the uptrend line, the selling could accelerate and the pair could slide toward the strong support at $51.DOT/USDTPolkadot (DOT) bounced off the strong support at $16 on March 5 but the bulls could not push the price above the 20-day EMA ($17). This suggests that bears are selling on rallies to this level.DOT/USDT daily chart. Source: TradingViewThe selling resumed on March 6 and the DOT/USDT pair dropped to the strong support at $16 where buyers stepped in. This suggests that the pair is stuck between the 20-day EMA and $16. If bears pull the price below $16, the pair could drop to the intraday low made on Feb. 24. A break and close below this support could open the doors for a further decline to $10.Alternatively, if the price rises off the current level or rebounds off the $16 to $14 zone, the bulls will try to push the pair above the 50-day SMA ($17). If they succeed, it will suggest that the bears may be losing their grip. The pair could then rally to $23.DOGE/USDTThe bulls are attempting to defend the strong support at $0.12 but the failure to achieve a strong rebound off it indicates a lack of demand at lower levels. This heightens the risk of a break below the support. If that happens, Dogecoin (DOGE) could drop to $0.10.DOGE/USDT daily chart. Source: TradingViewBoth moving averages are sloping down and the RSI is in the negative territory, indicating that the path of least resistance is to the downside. However, the buyers are likely to defend the zone between $0.12 and $0.10 with vigor.If the price rebounds off this zone, the bulls will again try to clear the hurdle at the moving averages. A break and close above the 50-day SMA ($0.14) will be the first sign that the downtrend could be coming to an end.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.Market data is provided by HitBTC exchange.

The equity markets in Europe and the United States are seeing a sea of red as traders continue to sell risky assets due to the geopolitical situation. Bitcoin (BTC) and several major cryptocurrencies are also witnessing profit-booking after the recent rise. Another reason that could be keeping investors on the edge is the upcoming Federal Open Market Committee (FOMC) meeting on March 16. A statement from Fed Chair Jerome Powell on March 2 highlighted that the central bank is likely to hike rates this month.Fitch Ratings chief economist Brian Coulton expects core inflation to remain high in 2022 and the Fed to boost the “Fed fund rate to 3% by the end of 2022.”Daily cryptocurrency market performance. Source: Coin360ExoAlpha managing partner and chief investment officer David Lifchitz said that Bitcoin may remain soft in the short term because a rate hike by the Fed technically “strengthens” the U.S. dollar, and hence “weakens” Bitcoin. However, he does not expect a drastic impact on Bitcoin.Several uncertainties could cap the rallies to the upside in the short term. Let’s analyze the charts of the top-10 cryptocurrencies to spot the critical support and resistance levels.BTC/USDTBitcoin turned down from $45,400 on March 2, indicating that bears are defending the overhead resistance at $45,821. The price has dropped to the moving averages, which is an important support to watch out for.BTC/USDT daily chart. Source: TradingViewIf the price rebounds off the moving averages, it will suggest that bulls are buying on dips. The bulls will then try to push the price above the overhead resistance zone at $45,821 and the resistance line of the ascending channel. If they succeed, the BTC/USDT pair could rally toward the next major resistance at $52,088.Contrary to this assumption, if the price slips below the moving averages, it will suggest that traders are selling at higher levels. That could open the doors for a possible drop to $37,000 and then to the support line of the channel.The flattish 20-day exponential moving average ($40,899) and the relative strength index (RSI) near the midpoint suggest a few days of range-bound action.ETH/USDTEther (ETH) broke and closed above the 50-day simple moving average ($2,838) on Feb. 28, but the bears successfully defended the psychological level at $3,000. This may have led to selling by short-term traders, which has pulled the price below the moving averages.ETH/USDT daily chart. Source: TradingViewThe ETH/USDT pair could now drop to the support line of the symmetrical triangle. This is an important support for the bulls to defend because if this level cracks, the selling could intensify. If the price sustains below the triangle, the downtrend may resume. The pair could then drop to $2,300 where the bulls are expected to provide support.Alternatively, if the price turns up from the support line, the bulls will try to push the pair above the overhead resistance at $3,000 and challenge the resistance line of the triangle.BNB/USDTAlthough bulls pushed Binance Coin (BNB) above the 50-day SMA ($403), they could not sustain the higher levels. This suggests that bears are defending the level with all their might.BNB/USDT daily chart. Source: TradingViewThe sellers are trying to sink and sustain the price below the 20-day EMA ($391). If they do that, the BNB/USDT pair could drop toward the strong support at $350. Alternatively, if the price rebounds off the current level, the possibility of a break and close above the 50-day SMA increase. That could open the doors for a possible rally to the overhead resistance at $445.The flattish 20-day EMA and the RSI near the midpoint suggest a range-bound action in the near term.XRP/USDTRipple (XRP) turned down from the downtrend line and dropped to the 50-day SMA ($0.73) indicating that bears have not yet thrown in the towel. XRP/USDT daily chart. Source: TradingViewIf the price rebounds off the 50-day SMA, the buyers will again try to push and sustain the XRP/USDT pair above the downtrend line. If they manage to do that, the buying momentum could pick up and the pair may rally toward $0.91.On the other hand, if the price sustains below the 50-day SMA, the bears will attempt to pull the pair to $0.62. The flattish moving averages and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears.LUNA/USDTTerra’s LUNA token has failed to sustain above $94 but the positive sign is that the buyers have not given up much ground. The bulls have repeatedly bought the dip to $86 in the past three days.LUNA/USDT daily chart. Source: TradingViewUsually, a tight consolidation near an overhead resistance is a sign of strength, which resolves to the upside during an uptrend. If bulls push and sustain the price above $94, the LUNA/USDT pair could challenge the all-time high at $103. A break and close above this level will indicate the resumption of the uptrend. The pair could then rally toward $110. The rising 20-day EMA ($72) and the RSI near the overbought zone indicate advantage to buyers.This positive view will invalidate in the short term if the price turns down and slips below $86. That could pull the price to $80.SOL/USDTSolana (SOL) rose above the resistance line of the descending channel on March 2 but the bulls could not overcome the barrier at the 50-day SMA ($103). The failure to do so could have attracted profit-booking by short-term traders. This pulled the price back inside the channel.SOL/USDT daily chart. Source: TradingViewIf bears pull and sustain the price below the 20-day EMA ($95), the SOL/USDT pair could drop to the strong support at $81. This is an important level to keep an eye on because the bulls have successfully defended it twice in the past few days.If the price again rebounds off $81, the pair could rise to the 50-day SMA and then stay range-bound between these two levels for a few days.A break and close above the 50-day SMA will be the first sign that the downtrend may be ending. The pair could then rise to $122. Alternatively, if bears pull and sustain the pair below $81, the decline could extend to $66.ADA/USDT During strong downtrends, when strong supports are broken, they usually flip to resistance and that is what happened with Cardano (ADA). The relief rally stalled at the breakdown level at $1, indicating that bears are defending this level. ADA/USDT daily chart. Source: TradingViewThe bears will now make an effort to pull the price below the immediate support at $0.82 and challenge the Feb. 24 intraday low at $0.74. If this level also cracks, the ADA/USDT pair could extend its downtrend to $0.68.Contrary to this assumption, if the price rebounds off $0.82, the bulls will again try to clear the hurdle at $1. If they succeed, it will be the first sign that the sellers may be losing their grip. The bulls will have to push and sustain the pair above the channel to indicate a possible trend change.Related: WAVES risks ‘death cross’ plunge after price rallies 88% in six daysAVAX/USDTAvalanche (AVAX) has turned down from the downtrend line of the descending channel for the fourth time. This suggests that traders are selling the rallies to this level.AVAX/USDT daily chart. Source: TradingViewThe bears are attempting to sustain the price below the moving averages while the bulls are buying the dips and trying to maintain the AVAX/USDT pair above the 20-day EMA ($80). The flattish 20-day EMA and the RSI near the midpoint indicate a balance between supply and demand.If bulls push the price above the 20-day EMA, the pair could again rise to the downtrend line. The bulls will have to clear this hurdle to signal a possible change in trend. Alternatively, if the price breaks below $71, the pair could drop to $64.DOT/USDTPolkadot’s (DOT) failure to break above the 50-day SMA (19) indicates that the sentiment remains negative and traders are selling on rallies to stiff resistance levels.DOT/USDT daily chart. Source: TradingViewThe bears have pulled the price below the 20-day EMA ($18) and will now seek to challenge the strong support zone at $16 to $14. This zone has held successfully on two previous occasions, hence the bulls will again try to defend it with vigor. If the price rebounds off the zone, the DOT/USDT pair could rise to the moving averages. A break and close above the 50-day SMA will be the first indication that the downtrend could be coming to an end.Conversely, a break and close below the zone will resume the downtrend. The pair could then drop to psychological support at $10. DOGE/USDTDogecoin’s (DOGE) relief rally stalled at the 20-day EMA ($0.13), indicating that bears are unwilling to let go of their advantage. The bears are trying to pull the price to the strong support at $0.12.DOGE/USDT daily chart. Source: TradingViewRepeated retests of a support level tend to weaken it and it suggests that bulls are unable to sustain the higher levels. If the price breaks and sustains below $0.12, the DOGE/USDT pair could plummet to the psychological level at $0.10.The downsloping moving averages and the RSI in the negative territory indicate the path of least resistance is to the downside. This negative view will invalidate in the short term if bulls push and sustain the pair above the 50-day SMA ($0.14).The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.Market data is provided by HitBTC exchange.

The speculation regarding the U.S. Federal Reserve’s tightening cycle and recent geopolitical developments may have resulted in panic selling by short-term traders. Analysis from Glassnode suggested that traders who had purchased Bitcoin (BTC) near the November 2021 high liquidated their positions in the past two and half months. This supply was absorbed by high conviction investors, which resulted in a redistribution from weak hands to strong hands.The crypto market, due to its resilience, continues to attract erstwhile naysayers to its fold. The latest popular figure to have a change of heart is Ken Griffin, founder of American multinational hedge fund and financial services company Citadel. In an interview with Bloomberg, Griffin said that Citadel will “engage in making markets in cryptocurrencies” over the next few months. Daily cryptocurrency market performance. Source: Coin360Voyager Digital co-founder and CEO Stephen Ehrlich told Cointelegraph that the firm’s recent quarter was its “best ever, so I certainly feel it’s a great time to be in crypto.” Along with businesses, Ehrlich believes that crypto investors are likely to be rewarded in the long term. Will the demand remain intact at higher levels and could the recovery extend further in the next few days? Let’s analyze the charts of the top-10 cryptocurrencies to find out.BTC/USDTBitcoin’s recovery has reached the overhead resistance zone between $45,821 and the resistance line of the ascending channel. The bears are expected to defend the zone with vigor. BTC/USDT daily chart. Source: TradingViewThe 20-day exponential moving average ($40,797) (EMA) has started to turn up and the relative strength index (RSI) is in the positive territory, indicating an advantage to buyers. If the bulls arrest the next dip at the 20-day EMA, it will increase the possibility of a break above the channel. If that happens, the BTC/USDT pair could rally to $52,088.Contrary to this assumption, if the price turns down and breaks below the moving averages, it will suggest that the pair could remain stuck inside the channel for a few more days. The pair may then drop toward the support line of the channel.ETH/USDTEther (ETH) broke and closed above the 50-day simple moving average (SMA) ($2,860) on Feb. 28, indicating that bulls are attempting a comeback. The moving averages are close to completing a bullish crossover and the RSI is in the positive territory, indicating that the path of least resistance is to the upside.ETH/USDT daily chart. Source: TradingViewIf the price rebounds off the 20-day EMA ($2,824), it will suggest that the bulls are buying on every minor dip. The ETH/USDT pair could then rise to the resistance line of the symmetrical triangle pattern. The bears are likely to defend this level aggressively but if bulls surpass this barrier, the pair could start a new uptrend. Alternatively, if the price slips below the 20-day EMA, the pair could drop to the support line of the triangle. A break and close below the triangle could suggest the resumption of the downtrend. The price action inside the triangle is likely to remain volatile. BNB/USDTBNB broke above the 50-day SMA ($406) on March 1 but the long wick on the candlestick indicates selling at higher levels. The bulls again pushed the price above the 50-day SMA on March 2 but are struggling to sustain the higher levels. BNB/USDT daily chart. Source: TradingViewThis indicates that the bears are trying to defend the 50-day SMA. If the price turns down from the current level but does not break below the 20-day EMA ($391), it will suggest that bulls are buying on dips. That will improve the prospects of a break and close above the 50-day SMA. If that happens, the BNB/USDT pair could rally to the overhead resistance at $445. This positive view will invalidate in the short term if the price breaks and sustains below the 20-day EMA. XRP/USDTRipple (XRP) rose to the downtrend line on Feb. 28 where the bears are mounting a strong defense. The price has turned down from the downtrend line and could now drop to the 50-day SMA ($0.72).XRP/USDT daily chart. Source: TradingViewThe flattish moving averages and the RSI near the midpoint suggest a balance between supply and demand. This balance will shift in favor of the buyers if the XRP/USDT pair rises and sustains above the downtrend line. The pair could then rally to $0.85 and later to $0.91.Conversely, if the price slips below the 50-day SMA, it will suggest that higher levels continue to witness strong selling. The pair could then drop to $0.68 and if this level also cracks, the next stop may be the Feb. 24 intraday low at $0.62.LUNA/USDTThe bulls have been trying to sustain Terra’s LUNA token above the overhead resistance at $94 for the past two days but the bears have not allowed that to happen.LUNA/USDT daily chart. Source: TradingViewThe moving averages have completed a bullish crossover, indicating advantage to buyers. However, the RSI in the overbought territory suggests that the rally may be extended in the short term. The failure to push and sustain the price above $94 could attract profit-booking from short-term traders.That could pull the price toward $80. If the price rebounds off this level, it will suggest that sentiment remains positive and traders are buying on dips. The bulls will then again attempt to clear the overhead hurdle at $94. If they succeed, the LUNA/USDT pair could retest the all-time high at $103.Alternatively, a break and close below $80 could suggest a deeper correction to the 20-day EMA ($68).SOL/USDTSolana (SOL) broke above the 20-day EMA ($95) on Feb. 28 and successfully held the retest on March 1. The bulls are striving to push the price above the 50-day SMA ($106). If they succeed, the rally could extend to $122.SOL/USDT daily chart. Source: TradingViewThe 20-day EMA has flattened out and the RSI has risen into the positive zone, indicating that bulls are on a comeback. If bulls push and sustain the price above $122, the SOL/USDT pair will complete a double bottom pattern. The pair could then rally to $163.This bullish view will invalidate in the short term if the price turns down and breaks below the 20-day EMA. Such a move will suggest that demand dries up at higher levels. That could keep the pair range-bound between $81 and $122 for a few days.ADA/USDT Cardano (ADA) has reached the breakdown level at $1. This is an important level for the bears to defend because a break and close above it will suggest that the markets have rejected the lower levels.ADA/USDT daily chart. Source: TradingViewThe flattish moving averages and the RSI just below the midpoint suggest that the bears may be losing their grip. If bulls push and sustain the price above $1, the ADA/USDT pair could rally to the resistance line of the channel.A break and close above the channel will suggest a possible change in trend. The pair could then rise to the overhead resistance at $1.60. This bullish view will invalidate if the price turns down sharply from the current level. In that case, the pair may retest the support at $0.82.Related: Solana price eyes $150 as SOL’s 25% jump this week puts ‘double-bottom’ in playAVAX/USDTAvalanche (AVAX) broke above the moving averages on Feb. 28 and reached the downtrend line of the descending channel on March 1. The bears are attempting to defend this level as they have done on three previous occasions. AVAX/USDT daily chart. Source: TradingViewIf the price dips from the current level but does not break below the moving averages, it will suggest that the sentiment may have changed from sell on rallies to buy on dips. The bulls will then make one more attempt to push and sustain the price above the channel. If they succeed, it will signal a possible change in trend. The AVAX/USDT pair could then rally to $100.On the contrary, if the price breaks and slips below the moving averages, it will suggest that bears continue to sell aggressively. The pair could then drop to $64.DOT/USDTPolkadot (DOT) broke and closed above the 20-day EMA ($18) on Feb. 28 but the bulls have not been able to clear the overhead hurdle at the 50-day SMA ($20). This indicates that bears continue to sell at higher levels.DOT/USDT daily chart. Source: TradingViewThe 20-day EMA has flattened out and the RSI is just above the midpoint, indicating a possible range-bound action in the near term. If buyers push the price above the 50-day SMA, the DOT/USDT pair could rally to $23.Contrary to this assumption, if the price turns down from the current level and breaks below the 20-day EMA, the pair could retest the strong support zone at $16 to $14. The bears will have to pull the price below this zone to resume the downtrend.DOGE/USDTDogecoin (DOGE) sharply rebounded off the $0.12 support on Feb. 28, indicating that the bulls are aggressively defending the level.DOGE/USDT daily chart. Source: TradingViewThe relief rally is facing resistance at the 20-day EMA ($0.13), suggesting that the bears have not yet given up and they continue to sell on rallies.If the price turns down from the moving averages, the DOGE/USDT pair could drop to $0.12. This is an important level for the bulls to defend because a break below it could pull the pair to the psychological support at $0.10.Conversely, if the price breaks above the moving averages, the pair could rally to the overhead resistance at $0.17. The bullish momentum could pick up above this level.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.Market data is provided by HitBTC exchange.

Bitcoin (BTC) soared above $40,000 on Feb. 28 even though the S&P 500 remained soft. This suggests that the correlation between Bitcoin and the U.S. equity markets may be showing the first signs of decoupling. If bulls sustain the price above $38,500 till the end of the day, Bitcoin would avoid four successive months of decline.The volatility of the past few days does not seem to have shaken the resolve of the long-term investors planning to stick with their positions. Data from on-chain analytics firm Glassnode showed that the amount of Bitcoin supply that last moved between three to five years ago soared to more than 2.8 million Bitcoin, which is a four-year high.Daily cryptocurrency market performance. Source: Coin360Interestingly, an experiment by Portuguese software developer Tiago Vasconcelos to develop an artificial intelligence trading bot for Bitcoin resulted in the bot concluding that “the best move is to buy as soon as possible and never sell!”Could bulls sustain the momentum and push Bitcoin toward the next overhead resistance? Will altcoins also join the party? Let’s analyze the charts of the top-10 cryptocurrencies to find out.BTC/USDTBitcoin turned down from the 50-day simple moving average (SMA) ($40,261) on Feb. 26 but the bears could not pull the price below $37,000. The price rebounded sharply on Feb. 28 and the bulls have cleared the overhead hurdle at the 50-day SMA.BTC/USDT daily chart. Source: TradingViewIf bulls sustain the price above the 50-day SMA, the BTC/USDT pair could start its northward journey toward the resistance line of the channel. The bears are expected to mount a strong defense at this level. The bulls will have to push the pair above the channel to indicate that the correction may be over.The 20-day exponential moving average (EMA) ($39,813) is flattening out and the relative strength index (RSI) has risen to just above the midpoint. This indicates that the bulls are attempting a strong comeback.This positive view will invalidate in the short term if the price fails to sustain above the moving averages. The pair could then again drop to the support line of the channel.ETH/USDTEther (ETH) turned down from the 50-day SMA ($2,865) and dropped to the support line of the triangle indicating that higher levels continue to attract selling by the bears. ETH/USDT daily chart. Source: TradingViewThe price has rebounded off the support line of the triangle but the bulls will have to push and sustain the ETH/USDT pair above the 50-day SMA to signal a possible change in the short-term trend. If that happens, the pair could rally to the resistance line of the triangle.Conversely, if the price turns down from the moving averages, it will suggest that the bears continue to sell at higher levels. That will increase the possibility of a break below the triangle. A close below the triangle could open the doors for a possible retest at $2,300.BNB/USDTBNB turned down from the 20-day EMA ($385) on Feb. 26 but the price has rebounded sharply off the strong support at $350 on Feb. 28. This indicates that the price is stuck between these two levels. BNB/USDT daily chart. Source: TradingViewBoth moving averages are sloping down and the RSI is just below the midpoint, indicating that bears have a slight edge. If the price turns down from the 20-day EMA, the possibility of a break below $350 increases. If that happens, the BNB/USDT pair could drop to the $330 to $320 support zone.Conversely, if the price rises from the current level and breaks above the moving averages, it will indicate that the bulls are attempting a comeback. The pair could then rally to $445.XRP/USDTRipple (XRP) turned down from the downtrend line on Feb. 26, indicating that bears are defending this resistance with vigor. A minor positive is that the bulls are defending the support at the 50-day SMA ($0.72).XRP/USDT daily chart. Source: TradingViewIf the price maintains above $0.75, the bulls will again attempt to push and sustain the XRP/USDT pair above the downtrend line. If they succeed, it could clear the path for a possible rally to $0.91.Alternatively, if the price turns down from the current level, the bears will try to pull the pair below $0.68. If that happens, the pair could retest the Feb. 24 intraday low at $0.62. The flattish moving averages and the RSI just above the midpoint do not give a clear advantage either to the bulls or the bears. ADA/USDT The bulls have sustained Cardano (ADA) above $0.82 in the past few days but are struggling to push the price to the breakdown level at $1. This indicates that demand dries up at higher levels. ADA/USDT daily chart. Source: TradingViewThe longer the price sustains below the moving averages, the greater the possibility of a retest of the recent intraday low at $0.74. If this support cracks, the downtrend could resume and the ADA/USDT pair could plunge to $0.68.Contrary to this assumption, if the price rises and breaks above $1, it will suggest that the markets have rejected the lower levels. The pair could then rise to the resistance line of the descending channel. The bulls will have to push and sustain the price above the channel to indicate that the downtrend may have ended.SOL/USDTSolana (SOL) has been sandwiched between the 20-day EMA ($94) and the strong support at $81 but this tight range trading is unlikely to continue for long.SOL/USDT daily chart. Source: TradingViewThe RSI is showing signs of forming a positive divergence, signaling that the bearish momentum may be slowing. If bulls push and sustain the price above the 20-day EMA, the SOL/USDT pair could rise to the resistance line of the descending channel. A break and close above the channel will be the first indication that the bears may be losing their grip. The pair could then rise to the overhead resistance at $122. This positive view will invalidate on a break and close below $81.AVAX/USDTAvalanche (AVAX) has been oscillating near the moving averages for the past three days. Although bulls pushed the price above the moving averages on Feb. 25, they could not sustain the higher levels. Strong selling pulled the price back below the moving averages on Feb. 27.AVAX/USDT daily chart. Source: TradingViewThe bulls are currently attempting to sustain the price above the moving averages. If they manage to do that, the AVAX/USDT pair could rally to the downtrend line of the descending channel. This level could act as a stiff resistance but if bulls overcome it, the pair will indicate that the downtrend may have ended.Contrary to this assumption, if the price turns down from the current level or the overhead resistance, it will suggest that bears continue to sell on rallies. The bears could gain strength if the price slips below $64.Related: eBay to add crypto payment options soon, says CEOLUNA/USDTTerra’s LUNA token turned down from $80 but the bulls successfully defended the immediate support at $70. This indicates that traders are accumulating on every minor dip.LUNA/USDT daily chart. Source: TradingViewThe buying picked up momentum on Feb. 28 and the bulls pushed the price above the overhead resistance at $70. The upsloping 20-day EMA ($62) and the RSI in the overbought territory indicate that bulls are in control.The LUNA/USDT pair could now rise to $90 where the bears may again mount a strong resistance. A break and close above this level could propel the pair to the all-time high at $103.Conversely, if the price turns down from $90, the pair could again drop to $70 and consolidate between these two levels for a few days.DOGE/USDTDogecoin (DOGE) has been struggling to bounce off the strong support at $0.12, indicating a lack of urgency among bulls to buy at higher levels.DOGE/USDT daily chart. Source: TradingViewThe longer the price clings to the strong support at $0.12 without a strong bounce, the greater the possibility of a breakdown. If the bears pull the price below $0.12, the DOGE/USDT pair could retest the psychological support at $0.10.This is an important level for the bulls to defend because if it cracks, the selling could intensify further and the pair could slide to $0.06. The first sign of strength will be a break and close above the 50-day SMA ($0.14). That could result in a rally to $0.17.DOT/USDTPolkadot’s (DOT) recovery stalled at the downtrend line, indicating that the sentiment remains negative and traders are selling on rallies to strong resistance levels.DOT/USDT daily chart. Source: TradingViewThe price could remain stuck between the downtrend line and $14 for the next few days. If bears pull the price below $14, the DOT/USDT pair could resume its downtrend and decline to the strong support at $10.The buyers will have to push and sustain the price above the downtrend line to signal that the bears may be losing their grip. The pair could then rally to the overhead resistance at $23 where the bears may mount a strong defense.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.