March 28, 2024

Analysis of prices for Bitcoin, Ethereum, XRP for 02/26/2021

Analysis of prices for Bitcoin, Ethereum, XRP for 02/26/2021

Will bears be able to renew their weekly lows today and continue the market correction?

BTC / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 02/26/2021

Yesterday inIn the first half of the day, purchase volumes did not exceed the average level. It was not possible to form a powerful bullish impulse and the BTC price was unable to consolidate above the two-hour EMA55. 

In the afternoon, sellers pushedthe psychological level was 50000.00 USD, and at the end of the day they tested the support of 48000.00 USD. Tonight the decline continued to the next support at 46000.00 USD. 

It seems that in the morning the bears weakened their pressure andthe price turned towards recovery. The volume of purchases is not large yet, and the price of Bitcoin has not yet had time to test 48,000.00 USD. If buyers have enough strength to consolidate above this level, then before the end of the week, growth may continue to the area of ​​54000.00 USD. 

If the purple level acts as resistance, then the decline will continue to the area of ​​44000.00 USD.  

ETH / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 02/26/2021

Yesterday buyers continued to tryrecover to the area of ​​average prices, using the support at 1600.00 USD. However, the bulls failed to test the two-hour EMA55, and in the afternoon sellers were able to push through the support level, and by the end of the day the price of ether fell below 1500.00 USD, setting a local minimum at 1446.52 USD. 

In the morning the decline stopped, and we seefirst attempts by buyers to restore the pair above the level of 1500.00 USD. If the ETH price can consolidate above this level, then at the end of the week the bulls will be able to break above the moving average EMA55 and restore the price to the ascending trend line. 

Otherwise – the bears will intensify their pressure and test the support at 1250.00 USD by the end of the month.

XRP / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 02/26/2021

Yesterday, the XRP price returned within a narrowside corridor. If market price volatility remains low, the pair will continue to consolidate within the blue range until the end of the week. 

If today buyers are able to pull the price out of this sideways corridor, then the bulls will try to gain a foothold above the four-hour EMA55. 

* All prices are based on BitStamp data

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