Značka: UNUS SED LEO

The United States Consumer Price Index soared to 9.1% in June, exceeding expectations of an 8.8% rise year-on-year. Currently, the Fed funds futures point to an 81 basis points rate hike for July, suggesting that some participants anticipate a 100 basis points hike.Several on-chain indicators have been pointing to a likely bottom in Bitcoin (BTC) but the analysts from market intelligence firm Glassnode are not convinced that the low has been made. In “The Week On-Chain” report on July 11, the analysts said that the market may have to fall further “to fully test investor resolve, and enable the market to establish a resilient bottom.”Daily cryptocurrency market performance. Source: Coin360While the short term remains bearish, strategists are confident about its long-term prospects. CoinShares chief strategy officer Meltem Demirors said on CNBC that Bitcoin may extend its “downward correction” in the near term but it is likely to make a new all-time high “in the next 24 months.”What are the important levels on Bitcoin and the major altcoins that could arrest the decline? Let’s study the charts of the top-10 cryptocurrencies to find out.BTC/USDTBitcoin dropped back to the support line of the symmetrical triangle on July 12, indicating that the break above the triangle on July 7 may have been a bull trap.BTC/USDT daily chart. Source: TradingViewThe buyers are trying to defend the level but the long wick on the July 13 candlestick shows that the bears are selling near the 20-day exponential moving average (EMA) ($20,796). Both moving averages are sloping down and the relative strength index (RSI) is in the negative zone, indicating that bears are in command.If the price breaks below the support line, the BTC/USDT pair could drop to the $18,626 to $17,622 support zone. This is an important zone for the bulls to defend because if it gives way, the pair could decline to $15,000.The first sign of strength will be a break and close above the 20-day EMA. Such a move will suggest strong buying at lower levels. That could increase the possibility of a rally to the 50-day simple moving average (SMA)($24,084).ETH/USDTEther (ETH) broke below the support line of the ascending triangle pattern on July 12, which invalidated the bullish setup. A minor positive is that the bulls are trying to push the price back into the triangle.ETH/USDT daily chart. Source: TradingViewIf they manage to do that, it will suggest that the break below the triangle may have been a bear trap. The bulls will then strive to push the price back above the overhead resistance at $1,280. A break and close above the 50-day SMA ($1,383) could enhance the prospects of the start of a new up-move.Contrary to this assumption, if the price turns down from the support line, it will suggest that bears have flipped the level into resistance. The sellers will then try to sink the ETH/USDT pair below $998 and challenge the pivotal support at $881. If this support cracks, the pair could start the next leg of the downtrend.BNB/USDTThe bulls could not capitalize on BNB’s break above the 20-day EMA ($231). This failure was exploited by the bears who sold aggressively at higher levels and pulled the price back below the 20-day EMA on July 11.BNB/USDT daily chart. Source: TradingViewThe BNB/USDT pair attempted a rebound off the strong support at $211 on July 13 but the long wick on the candlestick shows that the bears are selling near the 20-day EMA. If the price breaks below $211, the selling could intensify and the pair may slide to the vital support at $183. Conversely, if the price rebounds off $211 and rises above the 20-day EMA, it will suggest strong demand at lower levels. The buyers will then make another attempt to clear the overhead hurdle at the 50-day SMA ($253).XRP/USDTRipple (XRP) plunged below the support line of the symmetrical triangle on July 11. This indicates that the uncertainty among the bulls and the bears resolved to the downside.XRP/USDT daily chart. Source: TradingViewThe bulls tried to push the price back into the triangle on July 13 but the long wick on the candlestick suggests that bears are selling on minor intraday rallies. If the price breaks below $0.30, the XRP/USDT pair could drop to the crucial support at $0.28. A break and close below this level could signal the start of the next leg of the downtrend.The first sign of strength will be a break and close above the 20-day EMA ($0.33). Such a move will suggest that the slide below the triangle may have been a bear trap. The pair may signal a potential trend change on a break above the resistance line of the triangle. ADA/USDT Cardano (ADA) slipped below the immediate support at $0.44 on July 11, indicating that bears are in command. The selling continued and the bears pulled the price to the important support at $0.40.ADA/USDT daily chart. Source: TradingViewThe buyers attempted to start a recovery on July 13 but the long wick on the day’s candlestick shows that bears are trying to flip the $0.44 level into resistance. If the price breaks below $0.40, the selling could pick up momentum and the ADA/USDT pair could resume the downtrend. The pair could then decline to $0.33.To invalidate this negative view, buyers will have to push and sustain the price above the moving averages. If that happens, the pair could attempt a rally to $0.60.SOL/USDTSolana (SOL) broke below the support line of the symmetrical triangle on July 11 and attempts by the bulls to push the price back into the triangle failed on July 12.SOL/USDT daily chart. Source: TradingViewHowever, the bulls have not given up and are again trying to push the price back into the triangle on July 13. If they succeed, it will suggest that the breakdown on July 11 may have been a bear trap. The buyers will then try to overcome the barrier at the resistance line and start a new up-move toward $50.Contrary to this assumption, if the price turns down from the current level or the overhead resistance and breaks below $31, the selling could intensify and the SOL/USDT pair could drop to $26.DOGE/USDTDogecoin (DOGE) slipped below the 20-day EMA ($0.07) on July 10. The bears made use of this opportunity and pulled the price below the strong support at $0.06 on July 12.DOGE/USDT daily chart. Source: TradingViewIf the price sustains below $0.06, the selling could pick up momentum and the DOGE/USDT pair could retest the critical support at $0.05. This is an important level to keep an eye on because a break below it could signal the resumption of the downtrend. The pair could then drop to $0.04.Alternatively, if the price rises from the current level, the buyers will try to push the pair above the moving averages. If they succeed, the pair could rise to $0.08 and next to $0.10.Related: Dogecoin misses bullish target after Elon Musk snubs Twitter — what’s next for DOGE price?DOT/USDTPolkadot (DOT) broke and closed below the crucial support of $6.36 on July 12, indicating aggressive selling by the bears. A minor positive is that the RSI has maintained the positive divergence, indicating that the bearish momentum may be ending.DOT/USDT daily chart. Source: TradingViewThe buyers are trying to push the price back above $6.36 and trap the aggressive bears. If that happens, the DOT/USDT pair could rally to the overhead resistance at $7.30. The buyers will have to clear this hurdle and the 50-day SMA ($8.04) to indicate that the downtrend may be over.Conversely, if the price fails to sustain above $6.36, it will suggest that bears remain in control. The sellers will then try to resume the downtrend and sink the pair to $5.SHIB/USDTShiba Inu (SHIB) dropped below the psychological level at $0.000010 on July 12, indicating strong selling by the bears. A minor positive is that the bulls purchased the dip and are attempting to sustain the price back above $0.000010.SHIB/USDT daily chart. Source: TradingViewBoth moving averages have flattened out and the RSI is just below the midpoint, indicating a balance between supply and demand. In a range, traders generally buy near the support and sell close to the resistance.If buyers drive the price above the moving averages, the SHIB/USDT pair could attempt a rally to $0.000012. The bulls will have to clear this resistance to open the doors for a possible rally to $0.000014. This view could invalidate on a break below $0.000009.LEO/USDThe repeated failure of the buyers to sustain UNUS SED LEO (LEO) above $6 suggests a lack of demand at higher levels. That may have attracted selling from the aggressive bears.LEO/USD daily chart. Source: TradingViewThe price turned down from $5.91 on July 10 and plunged below the 20-day EMA ($5.60). This was followed by further selling, which pulled the price below the 50-day SMA ($5.42) on July 12. If bears sustain the price below the 50-day SMA, the LEO/USD pair could drop toward the support line of the descending channel.Conversely, if the price rebounds off the current level, the bulls will make another attempt to clear the overhead hurdle at the resistance line and challenge the crucial level at $6. A break and close above this level could signal the start of a new up-move.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) is attempting to rise above the psychological level of $20,000 on July 6, a sign that bulls are trying to stall the brutal bear market. The retail traders are making the most of the current fall and are on a buying spree. Proof of this comes from Glassnode data showing that wallets holding less than one Bitcoin scooped up 60,460 Bitcoin in June, at “the most aggressive rate in history.”In a recent report, Glassnode analysts said that the activity on the Bitcoin network shows that “all speculative entities, and market tourists have been completely purged from the asset.” This means that mostly long-term investors are left holding Bitcoin. Daily cryptocurrency market performance. Source: Coin360However, not everyone is bullish about Bitcoin’s prospects in the short term. According to Arcane Research, the ProShares Short Bitcoin Strategy ETF (BITI), the first exchange-traded fund (ETF) to be “short” Bitcoin, has increased its short exposure “by more than 300% last week.”Could the rush into the first inverse Bitcoin ETF act as a contrarian signal that indicates a possible bottom formation? Let’s study the charts of the top-10 cryptocurrencies to find out.BTC/USDTBitcoin is trading inside a symmetrical triangle pattern. The buyers tried to push the price above the resistance line of the triangle on July 5 but the bears held their ground.BTC/USDT daily chart. Source: TradingViewThe Doji candlestick pattern on July 5 shows indecision among the buyers and sellers. This uncertainty could tilt in favor of the bulls if the price breaks above the triangle. If that happens, it will suggest that the triangle may have acted as a reversal pattern. The BTC/USDT pair could then rally toward the 50-day simple moving average ($25,324) and then to the pattern target of $26,490.This hypothesis could prove to be incorrect if the price turns down from the current level and plummets below the support line of the triangle. That could pull the price to the critical support at $17,622. If this support collapses, the next stop could be $15,000.ETH/USDTEther (ETH) attempted a rally above the 20-day exponential moving average ($1,186) on July 5 but the bears had other plans. The price action of the past few days has formed an ascending triangle pattern which will complete on a break and close above $1,280.ETH/USDT daily chart. Source: TradingViewIf buyers push the price above the 20-day EMA, the possibility of a break above $1,280 increases. If that happens, the ETH/USDT pair could rally to the 50-day SMA ($1,500) and then to the pattern target of $1,679.Conversely, if the price turns down from the 20-day EMA and breaks below the support line, it will suggest that bears remain in command. That could pull the pair to the crucial support at $881. A break and close below this support could signal the start of the next leg of the downtrend.BNB/USDTThe bulls pushed Binance Coin (BNB) above the 20-day EMA ($232) on July 5 but the bears posed a strong challenge at higher levels. A positive sign is that the bulls did not give up much ground and have again propelled the price above the 20-day EMA on July 6.BNB/USDT daily chart. Source: TradingViewThe 20-day EMA has flattened out and the relative strength index (RSI) is near the midpoint, indicating that bears may be losing their grip.If buyers sustain the price above the 20-day EMA, the BNB/USDT pair could start its rally to the 50-day SMA ($264). This level may again act as a resistance but if bulls overcome this barrier, it will suggest that the pair may have bottomed out at $183.Contrary to this assumption, if the price turns down from the current level or the 50-day SMA, it will indicate that bears continue to sell at higher levels. The bears will then try to pull the price to $211.XRP/USDTRipple (XRP) has been stuck between the 20-day EMA ($0.33) and the support line of the symmetrical triangle pattern. Although the price rebounded off the support line on July 5, the bulls are struggling to clear the overhead resistance at the 20-day EMA. XRP/USDT daily chart. Source: TradingViewThe 20-day EMA continues to slope down gradually and the RSI is in the negative zone, indicating that bears have the upper hand. The sellers will attempt to sink the price below the support line. If they manage to do that, the XRP/USDT pair could slide to the critical support at $0.28. Contrary to this assumption, if the price rises off the current level or the support line and breaks above the 20-day EMA, the pair could rally to the resistance line of the triangle. A break and close above this level could signal the start of a rally to $0.48.ADA/USDT Cardano (ADA) remains sandwiched between the 20-day EMA ($0.47) and $0.44 but this tight range trading is unlikely to continue for long. Usually, tight ranges lead to range expansions.ADA/USDT daily chart. Source: TradingViewThe first sign of strength will be a break and close above the 20-day EMA. That could open the doors for a break above the important resistance at the 50-day SMA ($0.51). If that happens, the ADA/USDT pair could rally to $0.60.Another possibility is that the price turns down and plummets below $0.44. That will indicate an advantage to bears. The pair could then slide to the critical support at $0.40. If this level gives way, the pair could resume its downtrend.SOL/USDTSolana (SOL) climbed above the 20-day EMA ($36) on July 4 but the bulls could not sustain the momentum. The bears pulled the price back below the 20-day EMA on July 5.SOL/USDT daily chart. Source: TradingViewThe long tail on the July 5 candlestick shows strong buying at lower levels. This increases the likelihood of a break above the moving averages. If that happens, the SOL/USDT pair could rise to $43. A break and close above this level could clear the path for a possible rally to the psychological resistance at $50.This positive view could be negated in the short term if the price turns down from the current level or the 50-day SMA ($39) and breaks below $30. That could pull the pair down to $26.DOGE/USDTDogecoin (DOGE) has been oscillating near the 20-day EMA ($0.07) for the past few days. This indicates uncertainty among the buyers and sellers.DOGE/USDT daily chart. Source: TradingViewThe flat 20-day EMA and the RSI just below the midpoint do not give a clear advantage either to the bulls or the bears. A break and close above the 50-day SMA ($0.07) could be the first indication that buyers have the upper hand. The bullish momentum could pick up on a break above $0.08. The DOGE/USDT pair could then rally toward the psychological level of $0.10.Another possibility is that the price turns down from the current level and breaks below $0.06. That will indicate advantage to bears and the pair may slide to $0.05.Related: Bitcoin mining stocks rebound sharply despite a 70% drop in BTC miners’ revenueDOT/USDTThe bulls could not push Polkadot (DOT) above the immediate resistance at $7.30 on July 4. This suggests that the price remains stuck inside the range between $7.30 and $6.36.DOT/USDT daily chart. Source: TradingViewThe failure of the bears to pull the price down to the support of the range at $6.36 shows that bulls are not waiting for a deeper fall to buy. This increases the possibility of a break above the overhead resistance. If that happens, the DOT/USDT pair could rally to the 50-day SMA ($8.48). The bears are likely to defend this level aggressively.Alternatively, if the price turns down and breaks below $6.36, it will signal the resumption of the downtrend. The pair could then slide to the psychological support at $5.SHIB/USDTShiba Inu (SHIB) broke above the 50-day SMA ($0.000010) on July 5 but the long wick on the candlestick shows that bears are selling at higher levels. A minor positive is that the bulls are not allowing the price to dip back below $0.000010.SHIB/USDT daily chart. Source: TradingViewBoth moving averages have flattened out and the RSI is near the midpoint. This does not give a clear advantage either to the bulls or the bears.If the price rises and breaks above $0.000011, the SHIB/USDT pair could rally to $0.000012 where the bears may again mount a strong defense. The bulls will have to clear this hurdle to open the doors for a possible rally to $0.000014.Alternatively, if the price turns down and breaks below $0.000009, it will suggest that the bears are back in control. That could enhance the prospects of a retest of the critical support at $0.000007.LEO/USDUNUS SED LEO (LEO) continues to oscillate near the resistance line of the descending channel as both the bulls and the bears try to gain the upper hand.LEO/USD daily chart. Source: TradingViewThe price once again rebounded off the 20-day EMA ($5.66) on July 5, indicating that the bulls continue to defend the level aggressively. The bullish momentum could pick up if bulls push and close the LEO/USD pair above $6. If that happens, the pair could rally to $6.50 and then to the pattern target of $6.90.On the contrary, if the price turns down and closes below the 20-day EMA, it will indicate that the bears have overpowered the buyers. That could pull the pair down to the 50-day SMA ($5.33).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 crypto markets have remained relatively stable over the weekend and on July 4, which is a holiday for the United States financial markets due to Independence Day. Although Arthur Hayes, former CEO of derivatives platform BitMEX, was expecting a “mega crypto dump” around July 4, it has not materialized.The drop in Bitcoin’s (BTC) volatility in the past few days has resulted in the squeezing of the Bollinger Band’s width. This indicates a possible increase in volatility in the next few days, according to popular analyst Matthew Hyland. Daily cryptocurrency market performance. Source: Coin360Meanwhile, crypto investors seem to be waiting for clues from the U.S. equities markets and the U.S. dollar. Bitcoin’s correlation coefficient with the dollar in the week ending July 3 slumped to 0.77 below zero, the lowest level in seventeen months. The majority of the analysts surveyed by JP Morgan expect the dollar to end at or below the current price levels of about 105. Any weakness in the dollar could be beneficial for Bitcoin.Could bulls start a recovery in the short term? Let’s study the charts of the top-10 cryptocurrencies to find out.BTC/USDTThe failure of the bears to extend Bitcoin’s decline below $19,637 suggests a lack of sellers at lower levels. The bulls will now attempt to push the price back above the resistance at $19,637.BTC/USDT daily chart. Source: TradingViewIf that happens, the BTC/USDT pair could rise to the 20-day exponential moving average (EMA) ($21,255). This level could again act as a stiff resistance but if bulls clear this hurdle, the pair may rise to the overhead zone between $22,000 and $23,362. A break above this zone could open the doors for a possible rally to the 50-day simple moving average (SMA) ($25,710). The bulls will have to overcome this barrier to signal a potential trend change.On the contrary, if the price turns down from the 20-day EMA, it will suggest that the sentiment remains bearish and traders are selling on rallies. That could increase the possibility of a retest of the critical support at $17,622. If this support cracks, the decline could extend to $15,000.ETH/USDTEther (ETH) slipped below the psychological level at $1,000 on June 30 but the bears could not capitalize on this weakness. This suggests that bulls are buying on dips.ETH/USDT daily chart. Source: TradingViewThe bulls will now try to push the price above the 20-day EMA ($1,192) and gain the upper hand. If they do that, the ETH/USDT pair could rise to $1,280 and then to the 50-day SMA ($1,535). This level could again act as a strong resistance. The bulls will have to propel the price above $1,700 to signal the start of a new up-move.Conversely, if the price turns down from the 20-day EMA, it will suggest that the sentiment remains negative and bears are selling on rallies. The bears will then try to sink the price below $998 and challenge the critical support at $881.BNB/USDTThe buyers have successfully defended the support at $211 since June 29, indicating strong demand at lower levels. The bulls are presently attempting to push BNB above the 20-day EMA ($231). BNB/USDT daily chart. Source: TradingViewIf they succeed, it will suggest that the BNB/USDT pair may have bottomed out at $183. The buyers will then attempt to drive the pair to the 50-day SMA ($266). A break and close above this resistance could signal a potential change in trend.Contrary to this assumption, if the price turns down from the 20-day EMA, it will suggest that bears are selling on every minor rally. The bears will then again try to sink the price below $211 and gain the upper hand.XRP/USDTXRP has been trading inside a symmetrical triangle pattern, indicating indecision among the bulls and the bears. The symmetrical triangle usually acts as a continuation pattern but on some occasions, it also behaves as a reversal pattern.XRP/USDT daily chart. Source: TradingViewThe price has rebounded off the support line of the triangle and the bulls will attempt to push the XRP/USDT pair above the 20-day EMA ($0.33). If they succeed, the pair could rise to the resistance line of the triangle. A break and close above this level could suggest the start of a new up-move. The pair could then rally to $0.48.Another possibility is that the price turns down sharply from the 20-day EMA and breaks below the support line of the triangle. That could pull the pair down to the critical support at $0.28. If this level cracks, the next stop could be $0.23.ADA/USDT Although Cardano (ADA) has been trading near the $0.44 level since June 30, the bears have not been able to pull and sustain the price below the support. This suggests that bulls are buying the dips toward $0.44.ADA/USDT daily chart. Source: TradingViewThe buyers are currently attempting to push the price above the 20-day EMA ($0.48). If they accomplish this task, the ADA/USDT pair could rise to the 50-day SMA ($0.51). This is an important level to keep an eye on because a break and close above it could suggest that the bears may be losing their grip.Alternatively, if the price turns down from the moving averages, it will suggest that bears are active at higher levels. The sellers will then try to sink the pair below $0.44 and challenge the critical level at $0.40.SOL/USDTSolana (SOL) has been trading just below the 20-day EMA ($35) for the past few days but the bears have not been able to capitalize on this weakness. This suggests a lack of sellers at lower levels.SOL/USDT daily chart. Source: TradingViewThe buyers will now attempt to push the price above the 20-day EMA. If they can pull it off, the SOL/USDT pair could rise to the 50-day SMA ($40). A break and close above this resistance could open the doors for a possible rally to the psychological level at $50.On the other hand, if the price turns down from the moving averages, it will suggest that the sentiment remains negative and traders are selling on minor rallies. The bears will then try to pull the pair below $30. If they do that, the pair could decline to $27 and then to $25.DOGE/USDTDogecoin (DOGE) has been clinging to the 20-day EMA ($0.07) for the past few days. This suggests that the bulls are buying the intraday dips as they expect a move higher.DOGE/USDT daily chart. Source: TradingViewThe 20-day EMA has flattened out and the relative strength index (RSI) is near the midpoint, indicating that the selling pressure may be reducing. The bulls will attempt to push the price above the 50-day SMA ($0.07) and challenge the immediate resistance at $0.08. If this level is crossed, the DOGE/USDT pair could rise to $0.10.On the contrary, if the price turns down from the current level or the 50-day SMA, it will suggest that the bears are defending the moving averages with vigor. The sellers will then try to sink the pair below $0.06 and gain the upper hand.Related: Hodlers and whales: Who owns the most Bitcoin in 2022?DOT/USDTPolkadot (DOT) has been trading between $7.30 and $6.36 since June 30. This suggests that bulls are buying at lower levels but the bears have not allowed the price to rise above the range.DOT/USDT daily chart. Source: TradingViewAlthough the downsloping 20-day EMA ($7.52) indicates advantage to sellers, the positive divergence on the RSI indicates that the bearish momentum could be weakening. If buyers drive the price above the 20-day EMA, the DOT/USDT pair could rally to the 50-day SMA ($8.63). This bullish view could be invalidated if the price turns down and plummets below the crucial support at $6.36. If that happens, the pair could resume its downtrend toward the next support at $5.LEO/USDThe bulls and the bears are battling it out for supremacy near the resistance line of the descending channel. UNUS SED LEO (LEO) dipped to the 20-day EMA ($5.65) on July 2 but the bulls successfully defended the level.LEO/USD daily chart. Source: TradingViewThe buyers are again attempting to clear the resistance line of the channel. The rising 20-day EMA and the RSI in the positive territory indicate that the path of least resistance is to the upside. If the price sustains above $6, the LEO/USD pair could pick up momentum and rally to $6.50. Above this level, the rally could extend to the pattern target at $6.90.Contrary to this assumption, if the price once again turns down from $6, it will suggest that bears are aggressively defending this level. The bears will then attempt to sink the pair below the 20-day EMA. If they manage to do that, the pair could slide to the 50-day SMA ($5.30).SHIB/USDTShiba Inu (SHIB) has been trading close to the psychological level at $0.000010. This suggests that the bulls are attempting to form a higher low near this support.SHIB/USDT daily chart. Source: TradingViewThe 20-day EMA ($0.000010) is flat and the RSI is near the midpoint, indicating a balance between supply and demand. If the price breaks above the 50-day SMA ($0.000010), the SHIB/USDT pair could rally to $0.000012. This level could again act as a stiff barrier but if cleared, the pair could rise to $0.000014.Conversely, if the price turns down from the moving averages, the bears will try to pull the pair below $0.000009. If they succeed, the pair could retest the critical support at $0.000007.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Bitcoin dropped 56.2% in the second quarter of 2022, according to crypto analytics platform Coinglass. That makes it Bitcoin’s worst quarter since the third quarter of 2011 when BTC price fell by 67%. A large part of the damage was done in the month of June when Bitcoin plunged 37%, the worst monthly drawdown since September 2011.It is not all gloom and doom for crypto investors. On June 29, JPMorgan strategist Nikolaos Panigirtzoglou said that the “Net Leverage metric” suggests that crypto’s deleveraging may be on its last legs. The eagerness of crypto companies with stronger balance sheets to bail out crypto firms in distress is also a positive sign.Daily cryptocurrency market performance. Source: Coin360Another positive view on Bitcoin came from Deutsche Bank analysts. In a recent report, the strategists said that the S&P 500 could recover lost ground and rally to the levels seen in January. This could benefit Bitcoin due to its close correlation with the S&P 500.Could the downtrend resume or will lower levels attract buyers? Let’s study the charts of the top-10 cryptocurrencies to find out.BTC/USDTBitcoin plummeted below the immediate support at $19,637 on June 30 but the long tail on the candlestick indicates strong buying at lower levels. The bulls tried to build upon the momentum on July 1 and push the price toward the overhead resistance at $22,000 but the long wick on the candlestick shows that bears are active at higher levels.BTC/USDT daily chart. Source: TradingViewIf the price sustains below $19,637, the likelihood of a retest of the critical support at $17,622 increases. The downsloping moving averages and the relative strength index in the oversold zone indicate that bears are in control.A break and close below $17,622 could signal the resumption of the downtrend. The next support is at $15,000.This negative view could invalidate in the short term if the price rises above the 20-day exponential moving average (EMA) ($21,907). Such a move could clear the path for a possible rally to the 50-day simple moving average (S($26,361).ETH/USDTEther (ETH) dipped below the immediate support of $1,050 on June 30 but the bulls purchased the dip. The buyers tried to extend the recovery on July 1 but the long wick on the candlestick shows that bears are selling on minor rallies.ETH/USDT daily chart. Source: TradingViewThe bears will try to pull the price below the psychological level of $1,000. If they succeed, the selling could pick up momentum and the ETH/USDT pair could drop to the important support at $881. If this level gives way, the pair could resume the downtrend. The next support is at $681.Contrary to this assumption, if the price rebounds off the current level or $1,000, the bulls will attempt to push the pair above the 20-day EMA. If they can pull it off, it will suggest that bears may be losing their grip. The bullish momentum could pick up on a break above $1,280.BNB/USDTBNB dipped below the strong support at $211 on June 30 but the lower levels attracted strong buying as seen from the long tail on the day’s candlestick.BNB/USDT daily chart. Source: TradingViewThe buyers tried to extend the recovery on July 1 but the long wick on the candlestick shows that bears are defending the 20-day EMA ($234) aggressively. The downsloping 20-day EMA and the RSI in the negative territory indicate advantage to sellers.If the price sustains below $211, the BNB/USDT pair could retest the crucial support at $183. If this support cracks, the downtrend could resume. The next support is at $150.This negative view could invalidate in the short term if the price turns up and breaks above the 20-day EMA. That could clear the path for a possible rally to the 50-day SMA ($271).XRP/USDTRipple (XRP) attempted a recovery on June 30 but the bulls could not push the price above the overhead resistance at $0.35. This suggests that bears are not willing to let go of their advantage.XRP/USDT daily chart. Source: TradingViewThe XRP/USDT pair could drop to the strong support at $0.28 where the bulls are likely to mount a strong defense. If the price rebounds off $0.28, it will suggest that bulls continue to buy at lower levels. The bulls will then make one more attempt to push the price above the 50-day SMA ($0.37).Conversely, if bears sink the price below $0.28, the next leg of the downtrend could begin. The pair could then decline to $0.23.ADA/USDT Cardano (ADA) bounced off $0.44 on June 30 but the bulls could not clear the 20-day EMA ($0.49) on July 1. This suggests that bears continue to defend the moving averages with vigor.ADA/USDT daily chart. Source: TradingViewThe downsloping 20-day EMA and the RSI in the negative zone indicate that the path of least resistance is to the downside. If the price slips below $0.44, the ADA/USDT pair could drop to the critical support of $0.40. The bulls are expected to defend this level with all their might because if the support cracks, the pair could resume its downtrend. The next support is at $0.33.Alternatively, if the price rebounds off $0.44 or $0.40, the buyers will again try to clear the overhead resistance at the moving averages. If they succeed, the pair could start a relief rally toward $0.70.SOL/USDTSolana (SOL) dipped below the immediate support at $33 on June 30 but the long tail on the candlestick shows strong buying at lower levels. The buyers tried to push the price above the 20-day EMA ($36) on July 1 but the bears did not relent. SOL/USDT daily chart. Source: TradingViewThe sellers will try to gain the upper hand by pulling the price below $30. If they manage to do that, the SOL/USDT pair could drop to $27 and later to the crucial support at $25.86. A break and close below this level could signal the resumption of the downtrend.Another possibility is that the price rebounds off $30. That will indicate accumulation at lower levels. The bulls will then try to clear the overhead hurdle at the moving averages and push the price to $50.DOGE/USDTDogecoin (DOGE) is witnessing a tough battle between the bulls and the bears near the 20-day EMA ($0.07). The RSI is just below the midpoint and the 20-day EMA has flattened out, indicating a minor advantage to sellers.DOGE/USDT daily chart. Source: TradingViewIf the price slips below $0.06, it will suggest that bears are back in the driver’s seat. The sellers will then attempt to sink the DOGE/USDT pair below the important support at $0.05 and resume the downtrend. The next support is at $0.04.On the contrary, if the price rises from the current level, the buyers will again attempt to clear the overhead hurdle at the 50-day SMA ($0.08). If they succeed, it will suggest that the bears may be losing their grip. The pair could then rally to the strong overhead resistance at $0.10.Related: What bear market? This token is quietly making new highs, up 300% against Bitcoin in 2022DOT/USDTPolkadot (DOT) broke and closed below the strong support at $7.30 on June 29. The buyers tried to push the price back above the level on June 30 but failed. This suggests that bears are selling on every minor rally.DOT/USDT daily chart. Source: TradingViewThe 20-day EMA ($7.74) has started to turn down and the RSI is in the negative territory, indicating that bears are in command. If the price breaks below $6.36, the DOT/USDT pair could start the next leg of the downtrend. The next support is at $5.Contrary to this assumption, if the price rebounds off the current level, the bulls will again attempt to clear the overhead resistance at the 20-day EMA. If they succeed, the pair could rally to the 50-day SMA ($8.89).LEO/USDUNUS SED LEO (LEO) turned down on June 30 but the bulls did not allow the price to slip back into the descending channel. This indicates that buyers are trying to flip the resistance line into support. LEO/USD daily chart. Source: TradingViewThe breakout from the channel indicates the start of a new up-move. The buyers pushed the price to $6.50 on July 1 but the long wick on the candlestick shows that bears are selling on rallies. If bulls sustain the price above $6, the LEO/USD pair may again rise to $6.50. If this level is cleared, the rally could extend to the pattern target of $6.90.To invalidate this bullish view, the bears will have to pull the price below the 20-day EMA ($5.63). If that happens, the pair may drop to the 50-day SMA ($5.27).SHIB/USDTShiba Inu (SHIB) closed below $0.000010 on June 28 but the bears could sustain the lower levels. The bulls bought the dip but are struggling to push the price above the 50-day SMA ($0.000010) SHIB/USDT daily chart. Source: TradingViewBoth moving averages have flattened out and the RSI is just below the midpoint. This suggests a status of equilibrium between the buyers and sellers. If the price breaks below $0.000009, it will suggest an advantage to bears. The SHIB/USDT pair could then decline to the crucial support of $0.000007. Alternatively, if bulls drive the price above the 50-day SMA, the pair could rise to $0.000012. This level may again act as a resistance but if crossed, the rally may reach $0.000014.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 United States equities markets have given back some of the gains made last week and that has pulled Bitcoin to the psychological support at $20,000. This suggests that investors are nervous to buy risky assets at higher levels.Meanwhile, while speaking to the hosts of the Bankless podcast on June 23, Mark Cuban said that the crypto bear market could end after the price gets so cheap that investors go and start buying or an application with utility is launched that attracts users.Daily cryptocurrency market performance. Source: Coin360Several analysts expect Bitcoin to continue falling and eventually bottom out between $10,000 and $12,000. However, John Bollinger, the creator of the popular Bollinger Bands trading indicator, said that the monthly charts suggest that Bitcoin’s price has reached “a logical place to put in a bottom.”Could bears maintain the selling pressure and pull cryptocurrency prices lower? Let’s study the charts of the top 10 cryptocurrencies to find out.BTC/USDTBitcoin turned down from $22,000 on June 26 and has gradually slipped to the immediate support at $19,637. This suggests that the bears remain in command and every rally is being sold into.BTC/USDT daily chart. Source: TradingViewIf the price breaks below $19,637, the BTC/USDT pair could be at risk of dropping to the crucial support at $17,622. This is an important level to watch out for because a break and close below it could start the next leg of the downtrend. The pair could then decline to $15,000.On the other hand, if the price rebounds off $19,637, it will suggest demand at lower levels. The buyers will then try to push the price above the 20-day exponential moving average (EMA) ($22,393). If they succeed, the pair could rally to the 50-day simple moving average (SMA) ($26,735).ETH/USDTEther (ETH) turned down from the 20-day EMA ($1,268) on June 26, suggesting that the sentiment remains negative and traders are selling on rallies.ETH/USDT daily chart. Source: TradingViewThe downsloping moving averages and the RSI in the negative zone indicate that bears are in control. The sellers will attempt to pull the price below the immediate support at $1,050. If they succeed, the ETH/USDT pair could plunge to the June 18 intraday low of $881. A break below this support could signal the resumption of the downtrend. The next support on the downside is at $681.Contrary to this assumption, if the price rebounds off $1,050, it will suggest demand at lower levels. The buyers will then make another attempt to push the price above the 20-day EMA and start the journey toward $1,500 and later $1,700.BNB/USDTThe buyers failed to push and sustain BNB above the 20-day EMA ($238) between June 24 to 28. This resulted in profit-booking, which has pulled the price to the strong support of $211.BNB/USDT daily chart. Source: TradingViewThe 20-day EMA has started to turn down once again and the RSI has dipped into the negative territory. This suggests that bears have the upper hand. If the price slides below $211, the BNB/USDT pair could drop to the critical support of $183. If this support collapses, the pair could resume its downtrend and plummet toward $150.Conversely, if the price rebounds off $211, it will suggest that bulls are attempting to form a higher low. A strong bounce could increase the prospects of a break above $250. The pair could then rally to the 50-day SMA ($273).XRP/USDTRipple (XRP) slipped below the breakout level of $0.35 on June 28, which suggests that bears continue to sell aggressively at higher levels.XRP/USDT daily chart. Source: TradingViewThe 20-day EMA ($0.35) is flattish but the RSI has dropped below 40, suggesting that the bears have a slight edge. The sellers will attempt to pull the price to the vital support at $0.28. This is an important level to keep an eye on because if it gives way, the XRP/USDT pair could start the next leg of the downtrend.On the contrary, if the price turns up from the current level or $0.28, it will suggest that bulls are buying at lower levels. That could keep the pair range-bound between $0.28 and the 50-day SMA ($0.38) for a few days. ADA/USDT The bears thwarted repeated attempts by the bulls to push Cardano (ADA) above the 20-day EMA ($0.50) in the past few days. This suggests that the bears are defending the level aggressively.ADA/USDT daily chart. Source: TradingViewThe price could drop to the strong support zone at $0.44 to $0.40. If the price rebounds off this zone with strength, it will suggest that bulls are accumulating on dips. The buyers will then again try to propel the price above the moving averages. If they can pull it off, the ADA/USDT pair could start an up-move toward $0.70.This positive view could invalidate in the short term if bears sink the pair below the support zone. If that happens, the pair could indicate the resumption of the downtrend. The next support is at $0.33.SOL/USDTThe tight range trading in Solana (SOL) resolved to the downside with a break below the 20-day EMA ($37). The bears are attempting to pull the price below the immediate support at $33.SOL/USDT daily chart. Source: TradingViewIf they succeed, the SOL/USDT pair could decline to $27 and then retest the June 14 intraday low of $25.86. Contrary to this assumption, if the price rebounds off $33, it will suggest that the bulls are attempting to form a higher low. The buyers will then try to clear the overhead hurdle at $43. If that happens, the pair could signal a potential change in trend. The pair may then rise to $60 where the bears may again mount a strong defense.DOGE/USDTDogecoin (DOGE) turned down from the 50-day SMA ($0.08) on June 27 and broke below the 20-day EMA ($0.07) on June 28. This suggests that bears have not given up and they continue to sell on rallies.DOGE/USDT daily chart. Source: TradingViewThe bears will try to sink the price to $0.06. If this level cracks, the next stop could be a retest of the critical level at $0.05. Alternatively, if the price turns up from the current level or the support at $0.06 and rises back above the 20-day EMA, it will suggest that bulls are attempting to form a higher low. The bullish momentum could pick up on a break above $0.08. The DOGE/USDT pair could then attempt a rally to the psychological level of $0.10.Related: Double bubble? Terra’s defunct ‘unstablecoin’ suddenly climbs 800% in one weekDOT/USDTRepeated failures to push and sustain the price above the 20-day EMA ($7.93) may have tempted short-term traders to book profits in Polkadot (DOT). The price turned down from the 20-day EMA and slipped to $7.30 on June 28.DOT/USDT daily chart. Source: TradingViewBoth the bulls and the bears are battling it out for supremacy near the $7.30 level. If the bears come out on top, the DOT/USDT pair could drop to the crucial level of $6.36. The bulls are expected to defend this level aggressively because a break below it could signal the resumption of the downtrend. Conversely, if the price rebounds off the current level, the buyers will again try to achieve a close above the 20-day EMA. If they manage to do that, the pair could rise to the 50-day SMA ($8.97). SHIB/USDTShiba Inu (SHIB) slipped back below the 50-day SMA ($0.000011) on June 28, suggesting that the bears are active at higher levels. Although the price dipped below $0.000010, the bears have not been able to build upon this advantage. SHIB/USDT daily chart. Source: TradingViewThis suggests that selling dries up at lower levels. The bulls will again try to push the price above the 50-day SMA and challenge the resistance at $0.000012. A break and close above this level could open the doors for a possible rally to $0.000014. The 20-day EMA ($0.000010) has flattened out and the RSI is just below the midpoint, indicating a balance between supply and demand. If the price slips below $0.000009, the advantage could tilt in favor of the sellers. The pair may then drop to $0.000007.LEO/USDUNUS SED LEO (LEO) broke and closed above the resistance line of the descending channel on June 25 but the bulls could not push the price above $6. That may have attracted profit-booking from short-term traders, which pulled the price back into the channel on June 27. LEO/USD daily chart. Source: TradingViewThe 20-day EMA ($5.57) is sloping up and the RSI is in the positive territory, suggesting that bulls have the upper hand. The buyers are again attempting to clear the overhead hurdle at $6. If they succeed, the LEO/USD pair could rally to $6.50 and then to the pattern target at $6.90. Contrary to this assumption, if the price once again turns down from $6, it will suggest that bears are defending this level with vigor. The sellers will then attempt to sink the price below the 20-day EMA and challenge the 50-day SMA ($5.24).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 United States equity markets and the cryptocurrency space are witnessing a relief rally this week. Supporting the rise in risky assets is the U.S. dollar index (DXY), which retreated from its multi-year high. Generally, cryptocurrencies move inverse to the price of the U.S. dollar, but this week’s bounce does not necessarily mean that bulls’ grip over the market has come to an end.Citing on-chain data, CryptoQuant senior analyst Julio Moreno, said that Bitcoin (BTC) miners may have already capitulated. Historical data suggests that miner capitulation usually precedes market bottoms. Daily cryptocurrency market performance. Source: Coin360Another on-chain metric that indicates that Bitcoin’s price may have reached an attractive level is the Mayer Multiple. The metric is calculated by dividing the price of Bitcoin by the 200-day moving average value. It points to whether Bitcoin is overbought, undervalued or fairly priced. On June 22, the indicator’s reading was 0.5 and according to crypto entrepreneur Kyle Chasse, Bitcoin’s price has dipped below this reading only on 3% of all trading days.Several on-chain indicators are suggesting that Bitcoin may be close to a bottom. Let’s study the charts of the top-10 cryptocurrencies to find out what the technicals suggest!BTC/USDTBitcoin is attempting a recovery in a downtrend but the bulls are struggling to push the price to the 38.2% Fibonacci retracement level of $23,024. This suggests that demand dries up at higher levels. BTC/USDT daily chart. Source: TradingViewThe first hurdle for the bulls is likely to be $21,723 and then the 20-day exponential moving average (EMA ($23,529). During strong downtrends, bears sell on rallies to this level. Hence, it becomes an important level to keep an eye on. If the price turns down sharply from the 20-day EMA, it will suggest that the bears are in command. The sellers will then make another attempt to sink the BTC/USDT pair to the crucial level at $17,622. Conversely, if buyers propel the price above the 20-day EMA, it will suggest that the bears may be losing their grip. That could open the doors for a possible rally to the 50-day simple moving average (SMA) ($27,995).ETH/USDTEther (ETH) had been trading between $1,200 and $1,050 since June 20. This tight range trading resolved to the upside on June 24 as bulls attempt to push the price to the 20-day EMA ($1,332). ETH/USDT daily chart. Source: TradingViewThis level is likely to attract strong resistance from the bears. If the price turns down sharply from the 20-day EMA, it will suggest that the sentiment remains negative and traders are selling on rallies. The bears will then try to pull the price to $1,050. A break and close below this support could retest the vital support at $881.Alternatively, if bulls drive the price above the 20-day EMA, the likelihood of a rally to the breakdown level of $1,700 increases.BNB/USDTThe bears tried to pull BNB below $211 on June 22 but the bulls held their ground. This started a relief rally that hareached the 20-day EMA ($243).BNB/USDT daily chart. Source: TradingViewIf bulls push the price above the 20-day EMA, it will increase the possibility that the break below $211 may have been a bear trap. The BNB/USDT pair could then rally to the 50-day SMA ($284) where the bears may again mount a strong resistance.Another possibility is that the price turns down sharply from the 20-day EMA. If that happens, the bears will try to pull the pair below $211 and challenge the June 18 intraday low of $183. A break below this support could indicate the start of a downtrend to $150.XRP/USDTThe tight range trading in Ripple (XRP) resolved to the upside with a break above the 20-day EMA ($0.35) on June 24. This suggests that the bears may be losing their grip.XRP/USDT daily chart. Source: TradingViewThe buyers tried to propel the price above the 50-day SMA ($0.40) on June 24 but the long wick on the day’s candlestick suggests that bears continue to defend the level aggressively. If the price turns down and breaks below the 20-day EMA, the XRP/USDT pair could drop to $0.35.Contrary to this assumption, if the price turns up and breaks above the 50-day SMA, it will suggest the start of a new up-move. The pair could first rally to $0.46 and then make a dash toward $0.56.ADA/USDT Cardano (ADA) has been oscillating between the 20-day EMA ($0.50) and the strong support of $0.44 for the past few days but this tight range trading is unlikely to continue for long.ADA/USDT daily chart. Source: TradingViewThe RSI has been gradually climbing higher, suggesting that the bearish momentum could be weakening. That enhances the prospects of a break above the moving averages. If that happens, the ADA/USDT pair could climb toward $0.70.Contrary to this assumption, if the price turns down from the 20-day EMA, it will suggest that bears are defending the level aggressively. The sellers will then try to pull the pair below the strong support zone of $0.44 to $0.40 and resume the downtrend.SOL/USDTSolana (SOL) turned down from the 20-day EMA ($36) on June 22 but the bears could not sustain the lower levels. The bulls purchased the dip and pushed the price back above the 20-day EMA on June 23.SOL/USDT daily chart. Source: TradingViewIf bulls sustain the price above the 20-day EMA, the SOL/USDT pair could rise to the 50-day SMA ($45). The flattish 20-day EMA and the RSI near the midpoint suggest that the bears may be losing their grip. A break and close above the 50-day SMA will indicate that the downtrend could be over.Contrary to this assumption, if the price fails to sustain above the 20-day EMA, it will suggest that bears are active at higher levels. If sellers pull the price below $33, the pair could slide to $27.DOGE/USDTDogecoin (DOGE) has been trading near the 20-day EMA ($0.06) since June 21. This suggests that the bulls are not closing their positions as they anticipate a break above the 20-day EMA. DOGE/USDT daily chart. Source: TradingViewThe RSI has been gradually rising toward the midpoint and the 20-day EMA is flattening out, which suggests that the bulls are attempting a comeback.If bulls thrust the price above the 20-day EMA, the DOGE/USDT pair could rally to the 50-day SMA ($0.08) where the bears may again pose a strong challenge. The bulls will have to clear this hurdle to open the doors for a possible up-move to $0.10.Alternatively, if the price turns down from the 20-day EMA, the bears will try to pull the pair below $0.06 and challenge the psychological support at $0.05.Related: Bitcoin gives ‘encouraging signs’ — Watch these BTC price levels nextDOT/USDTPolkadot (DOT) bounced off the $7.30 support on June 23, indicating that bulls are attempting to form a higher low. The price has reached the 20-day EMA ($8.15), which is an important barrier for the bulls to overcome.DOT/USDT daily chart. Source: TradingViewThe RSI has risen above 45 and the 20-day EMA is flattening out. This suggests that the bearish momentum could be weakening. If bulls push the price above the moving averages, the DOT/USDT pair could attempt a rally to the overhead resistance at $12.44. This level may again act as a strong resistance and if the price turns down from it, the pair could remain stuck between $12.44 and $7.30 for a few days. The bears will have to sink the price below the $7.30 to $6.36 support zone to indicate the start of the next leg of the downtrend.SHIB/USDTThe bears tried to pull the price below the 20-day EMA ($0.000009) on June 22 but the bulls held their ground. Shiba Inu (SHIB) rebounded off the 20-day EMA on June 23 but the buyers could not push the price above the 50-day SMA ($0.000011).SHIB/USDT daily chart. Source: TradingViewThe 20-day EMA has flattened out and the RSI is just above the midpoint, indicating equilibrium between buyers and sellers. This balance could tilt in favor of the bulls if they propel the price above the 50-day SMA. The SHIB/USDT pair could then rally to the overhead resistance at $0.000014.Conversely, if the price turns down and plummets below the 20-day EMA, it will suggest that bears have gained the upper hand. The pair could then slide to $0.000008.LEO/USDUNUS SED LEO (LEO) repeatedly rose above the resistance line of the descending channel between June 22 and 24 but the bulls could not sustain the higher levels.LEO/USD daily chart. Source: TradingViewThis suggests that the bears are aggressively defending the resistance line of the channel. The failure to sustain the price above the channel may tempt short-term traders to book profits.That could pull the price to the 20-day EMA ($5.39). If the price rebounds off this support, the bulls will again attempt to push the LEO/USD pair above the channel. If they succeed, the next stop could be $6.50 and then $6.80.On the contrary, if the price turns down and breaks below the 20-day EMA, it will suggest that the pair may remain stuck inside the channel for a few more days.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) continues to face a tough battle near the psychological level of $20,000 as the bulls and the bears attempt to assert their supremacy. Trading firm QCP Capital said in their latest market circular that funding rates on derivatives markets were stable and bearish conditions were fading.Another ray of hope for the Bitcoin bulls is that Bitcoin miners may be capitulating as the recent decline in the price has made some mining machines unprofitable. Data from Arcane Research shows that public Bitcoin mining companies that had only sold 30% of their mined production from January to April of this year had dumped 100% of their Bitcoin production in May. Some analysts believe that miners giving up was a bullish signal.Daily cryptocurrency market performance. Source: Coin360However, one metric suggests that Bitcoin may not have bottomed out. Historically, Bitcoin signals a bottom when less than 50% of the Bitcoin addresses remain profitable. Glassnode data as of June 20 shows that 56.2% of Bitcoin addresses are in profit, increasing concerns of another down leg.Could Bitcoin and the altcoins sustain the recovery or will bears pull the price lower? Let’s study the charts of the top-10 cryptocurrencies to find out.BTC/USDTThe bulls are attempting to start a recovery in Bitcoin but the long wick on the June 21 candlestick suggests that bears are not willing to surrender their advantage. BTC/USDT daily chart. Source: TradingViewA minor positive is that the bulls are buying the dips to $20,000 on June 22. If the price rebounds off the current level, the buyers will try to drive the BTC/USDT pair above $22,000. That could open the doors for a possible rally to the 20-day exponential moving average (EMA)($24,076). This level is likely to act as a stiff resistance but if bulls overcome this barrier, the next stop could be the 50-day simple moving average (SMA) ($28,678).This bullish view could be negated if the price turns down and breaks below $19,600. That could enhance the prospects of a retest of the June 18 intraday low of $17,622.ETH/USDTEther’s (ETH) bounce off the June 18 intraday low of $881 turned down from $1,194 on June 21, suggesting that bears have not yet given up and they continue to sell on rallies.ETH/USDT daily chart. Source: TradingViewIf bulls don’t not give up much ground from the current level, the ETH/USDT pair could again attempt a rally to the 20-day EMA ($1,368). This is an important level to keep an eye on because bears tend to defend the 20-day EMA during downtrends.If the price turns down from the 20-day EMA, the bears will again try to pull the pair to $1,000 and then $881. A break below this level could signal the resumption of the downtrend. On the other hand, if bulls push the price above the 20-day EMA, the pair could rise to $1,700. BNB/USDTBNB has been sustaining above the crucial support of $211 since June 19 but the bulls are struggling to push the price higher. The long wick on the June 21 candlestick suggests that bears continue to sell on rallies.BNB/USDT daily chart. Source: TradingViewIf bears sink the price below $211, the BNB/USDT pair could decline to $200 and then to the June 18 intraday low of $183. This is an important level to watch out for because if the price dips below it, the pair could plummet to $150.Conversely, if the price rebounds off $211 or $200, it will suggest that bulls continue to buy on dips. The bulls will then make one more attempt to clear the overhead hurdle at the 20-day EMA. If they succeed, it will suggest that the break below $211 may have been a bear trap.ADA/USDT Cardano’s (ADA) bounce from the $0.44 to $0.40 support zone fizzled out near the 20-day EMA ($0.51) on June 21. This suggests that the bears continue to defend the level aggressively.ADA/USDT daily chart. Source: TradingViewThe sellers will now attempt to sink the price below the support zone. If they manage to do that, it will suggest the start of the next leg of the downtrend. The ADA/USDT pair could then slip to $0.33 and later to $0.30.Alternatively, if the price again rebounds off the support zone, it will suggest that bulls continue to accumulate on dips. The buyers will then make one more attempt to push the pair above the moving averages and start a rally to $0.70.XRP/USDTRipple (XRP) has been range-bound between $0.28 and $0.35 for the past few days. This suggests a state of equilibrium between the bulls and the bears.XRP/USDT daily chart. Source: TradingViewThe longer the time spent inside the range, the stronger will be the breakout from it. If the price continues lower and breaks below the support of the range at $0.28, it could suggest the resumption of the downtrend. The RSI is showing a positive divergence, indicating that the bearish momentum may be weakening. If bulls push the price above $0.35, it will suggest the start of a new up-move. The XRP/USDT pair could then rise to the 50-day SMA ($0.41) and later rally to $0.45. SOL/USDTSolana’s (SOL) recovery on June 21 rose above the 20-day EMA ($36) but the long wick on the day’s candlestick shows that bears are selling at higher levels.SOL/USDT daily chart. Source: TradingViewThe price remains below the 20-day EMA on June 22 but the bulls have not given up much ground. This suggests that the buyers expect a break above the 20-day EMA. If that happens, the SOL/USDT pair could rally to the 50-day SMA ($47) where the bears may again mount a strong defense.Conversely, if the price fails to rise above the 20-day EMA, it could attract profit-booking from short-term traders. That may pull the pair to $30 and later to $27.DOGE/USDTDogecoin (DOGE) started a recovery on June 19 and reached the 20-day EMA ($0.06) on June 21. Although bulls pushed the price above the 20-day EMA, they could not sustain the higher levels.DOGE/USDT daily chart. Source: TradingViewThat may have attracted profit-booking from the short-term bulls and selling by the aggressive bears. The sellers will now attempt to sink the DOGE/USDT pair below $0.06 and challenge the vital support at $0.05.Alternatively, if the price rebounds off $0.06, it will suggest that the sentiment has changed from selling on rallies to buying on dips. That could increase the possibility of a break above the 20-day EMA. If that happens, the pair may rally to the 50-day SMA ($0.08).Related: Bitcoin price wicks below $20K as whales send 50K BTC to exchangesDOT/USDTPolkadot (DOT) turned down from th 20-day EMA ($8.20) on June 21, suggesting that bears continue to defend the level aggressively. The sellers will now try to pull the price below the immediate support at $7.30.DOT/USDT daily chart. Source: TradingViewIf they succeed, the DOT/USDT pair could drop to the crucial support at $6.36. This is an important level to keep an eye on because a break below it could start the next leg of the downtrend to $4.23.On the contrary, if the price rebounds off $7.30, it will suggest that bulls are trying to form a higher low. That could enhance the prospects of a break above the 20-day EMA. The pair could then rally to the 50-day SMA ($9.78). If this level is also crossed, the next stop could be $12.44.LEO/USDThe bulls pushed UNUS SED LEO (LEO) above the resistance line of the descending channel on June 22 but the long wick on the day’s candlestick suggests that bears are selling at higher levels.LEO/USD daily chart. Source: TradingViewThe 20-day EMA ($5.29) has started to turn up and the RSI is near the overbought territory, indicating that bulls have the upper hand. If the price sustains above the channel, it could open the doors for a possible up-move to $6.50.Conversely, if the price fails to sustain above the channel, traders may book profits and that could pull the LEO/USD pair to the 20-day EMA. Such a move will suggest that the pair may remain stuck inside the channel for a few more days.SHIB/USDTThe failure to sink Shiba Inu (SHIB) below $0.000007 may have tempted short sellers to book profits and aggressive bulls to start buying. That may have resulted in the sharp rally on June 21.SHIB/USDT daily chart. Source: TradingViewTraders pushed the price above the 20-day EMA ($0.000010) but could not clear the hurdle at the 50-day SMA ($0.000012). This suggests that bears are defending the level aggressively.The sellers are attempting to pull the price back below the 20-day EMA. If they manage to do that, it will suggest that the recent recovery may have been a bear market rally. The SHIB/USDT pair could then drop toward $0.000007.The 20-day EMA is flattening out and the RSI is near the midpoint suggesting a range-bound action in the near term. The bulls will have to push and sustain the price above the 50-day SMA to signal a potential trend change.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) plummeted close to the crucial support of $20,000 as traders panicked and dumped their holdings, fearing an aggressive rate hike by the United States Federal Reserve on June 15. Another reason for the sell-off could be fears of possible contagion if lending platform Celsius and crypto venture capital firm Three Arrows Capital (3AC) go belly up.Data from on-chain analytics platform CryptoQuant showed 24-hour exchange inflows of 59,376 Bitcoin on June 14, the highest inflows since November 30, 2018. The Bitcoin miners also joined other investors in sending Bitcoin to the exchanges. The Bitcoin Miners to Exchange flow metric reached a seven-month high of 9,476, indicating that the miners may be anticipating a further fall in the near term.Daily cryptocurrency market performance. Source: Coin360Prominent investors are divided on whether a bottom has been made in Bitcoin or not. Galaxy Digital Holdings chairman and CEO Mike Novogratz believes that Bitcoin could hold $20,000 and Ether (ETH) may bottom out at $1,000. These levels were also referred to by Arthur Hayes, co-founder and former chief of BitMEX, who cautioned that if the levels crack, it may lead to “massive sell pressure in spot markets.”What are the important levels to watch out for on Bitcoin and major altcoins? Let’s study the charts of the top-10 cryptocurrencies to find out.BTC/USDTBitcoin remains in a firm bear grip. The bulls tried to start a recovery on June 14, as seen from the long wick on the day’s candlestick, but the bears were in no mood to relent. They sold aggressively and pulled the price to $20,111 on June 15.BTC/USDT daily chart. Source: TradingViewThe sharp selling in the past few days has pulled the relative strength index (RSI) near 21. This suggests that a rebound is possible in the short term. The BTC/USDT pair could rise to the 38.2% Fibonacci retracement level of $24,562 and then to the 50% retracement level at $25,938. The bears are expected to mount a strong defense in this zone.If the price turns down from this overhead zone, the bears will attempt to resume the downtrend by pulling the pair below $20,000. If they succeed, the pair could drop to the next support at $17,500 and later $16,000.The buyers will have to push and sustain the price above the 20-day exponential moving average (EMA)($27,748) to indicate a potential trend change.ETH/USDTEther is in a strong downtrend. The buyers tried to stall the decline on June 14 but they could not sustain the higher levels. The bears renewed their selling on June 15 but the bulls are defending the psychological level of $1,000 with all their might.ETH/USDT daily chart. Source: TradingViewThe incessant selling of the past few days has pulled the RSI into deeply oversold territory. This suggests that the selling may have been overdone in the short term. This could result in a strong bear market rally that may pick up momentum above $1,268. The ETH/USDT pair could then rally to the 20-day EMA ($1,636).Alternatively, if the price continues lower and breaks below $1,000, it will suggest the resumption of the downtrend. The pair could then drop to $900 where the bulls will again try to arrest the decline. BNB/USDTBNB is witnessing a tough battle between the bulls and the bears near the crucial level of $211. The bulls tried to start a rebound on June 14 but they could not sustain the higher levels. BNB/USDT daily chart. Source: TradingViewThe bears took advantage of this and pulled the price below $211 on June 15. Although the downsloping moving averages indicate an advantage to bears, the deeply oversold level on the RSI suggests a relief rally in the short term.If bulls sustain the price above $211, the BNB/USDT pair could attempt a rally to the 20-day EMA ($275). A break and close above this resistance could suggest that the pair may remain stuck in a large range between $211 and $350 for some more days.On the contrary, if the price turns down from the current level or the 20-day EMA, the bears will try to resume the downtrend. The next support on the downside is at $186.ADA/USDT The bears tried to pull Cardano (ADA) below the support at $0.44 on June 13 and 14 but failed to sustain the lower levels. This suggests that the bulls are defending the support zone between $0.44 and $0.40 aggressively.ADA/USDT daily chart. Source: TradingViewThe bulls will attempt to push the price above the 50-day simple moving average (SMA)($0.60). If they manage to do that, the ADA/USDT pair could rise to $0.69 and then to $0.74. The bears are likely to defend this overhead zone with vigor. Contrary to this assumption, if the price turns down from the 20-day EMA ($0.54), it will suggest that the sentiment remains negative and traders are selling on minor rallies. The bears will then make one more attempt to sink the price below the support zone. If they succeed, the pair could signal the start of the next leg of the downtrend. The next support on the downside is $0.30.XRP/USDTRipple (XRP) dropped to $0.30 on June 13, which is the pattern target of the break below the descending triangle. The bears pulled the price below the support on June 14 but the bulls purchased the dip as seen from the long tail on the day’s candlestick. XRP/USDT daily chart. Source: TradingViewThe buyers are attempting to start a recovery that could reach the breakdown level of $0.38. If bears flip this level into resistance, it will suggest that the sentiment remains negative. The sellers will then try to resume the downtrend and sink the XRP/USDT pair to the next strong support at $0.24.On the contrary, if bulls drive and sustain the price above $0.38, it will suggest strong buying at lower levels. The buyers will then try to push the pair to the 50-day SMA ($0.45). The bears are likely to pose a strong challenge in the zone between $0.46 and $0.50.SOL/USDTSolana (SOL) is trying to sustain above the $26 level. The bulls tried to push the price back above the breakdown level of $35 on June 14 but the bears held their ground. This suggests that the bears are trying to flip the $35 level into resistance.SOL/USDT daily chart. Source: TradingViewIf the price turns down and breaks below $26, it will suggest the resumption of the downtrend. The SOL/USDT pair could then decline to $22 and later to the psychological level at $20.This bearish view could invalidate in the short term if buyers push and sustain the price above the 20-day EMA ($38). If that happens, the aggressive bears who may have entered short positions below $35 may rush to the exit. That could result in a short squeeze and push the pair toward the overhead resistance at $60.DOGE/USDTThe buyers are trying to sustain Dogecoin (DOGE) above the psychological level of $0.05. The deeply oversold levels on the RSI indicate that a relief rally is possible in the short term.DOGE/USDT daily chart. Source: TradingViewIf the price rebounds off the current level, the bulls will try to push the DOGE/USDT pair to the 20-day EMA ($0.07). If the price turns down from this level, the bears will again try to resume the downtrend and sink the pair to $0.04.Contrary to this assumption, if the price breaks above the 20-day EMA, the bullish momentum could pick up and the pair could rally to the 50-day SMA ($0.09). Such a move will suggest that the pair may have bottomed out in the near term.Related: NEXO price drops 40% in three days on contagion fears from ‘insolvent’ crypto fundDOT/USDTPolkadot (DOT) has been trading near the crucial support of $7.30 for the past two days. Although bears pulled the price below $7.30, they could not sustain the lower levels. This indicates strong buying on dips.DOT/USDT daily chart. Source: TradingViewIf buyers sustain the price above $7.30, the DOT/USDT pair could rise to the 20-day EMA ($8.80). This is an important level to keep an eye on because a break and close above it will suggest that the pair may consolidate between $6.36 and $12.44 for some time.Conversely, if the price turns down from the 20-day EMA, it will suggest that bears are active at higher levels. A break and close below $6.36 could signal the resumption of the downtrend. The pair could then decline to $5 and later to $4.23.LEO/USDUNUS SED LEO (LEO) dipped below the moving averages on June 13 but the long tail on the day’s candlestick shows aggressive buying at lower levels. That was followed by an inside-day candlestick pattern on June 14, indicating indecision among the buyers and sellers.LEO/USD daily chart. Source: TradingViewThe bulls tried to push the price toward the resistance line of the descending channel on June 15 but the bears had other plans. They have pulled the price back below the moving averages, increasing the possibility of a drop to the support line of the channel.If the price rebounds off the support line with strength, it will indicate that the LEO/USD pair may extend its stay inside the channel for a few more days. The next trending move could begin if bears sink the pair below the channel or bulls thrust the price above the resistance line.SHIB/USDTThe bulls are attempting to defend the $0.000007 level aggressively. Shiba Inu (SHIB) formed a Doji candlestick pattern on June 14, indicating indecision among the bulls and the bears. SHIB/USDT daily chart. Source: TradingViewIf the uncertainty resolves to the upside and bulls push the price above $0.000009, the SHIB/USDT pair could rise to the breakdown level of $0.000010. If the price turns down from this level, it will suggest that the trend remains negative and traders are selling on rallies. The bears will then attempt to resume the downtrend and sink the pair to $0.000006.Alternatively, if bulls drive the price above the downtrend line, it could open the doors for a possible rally to $0.000014. Such a move could suggest that the pair may have bottomed out.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.