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Bitcoin (BTC<\/a>) dropped close to $78,000 on Feb. 28, but lower levels attracted solid buying by the bulls. CryptoQuant founder and CEO Ki Young Ju said in a post on X that selling after a 30% correction could be a “noob” mistake as Bitcoin rose to a new all-time high after falling 53% in 2021<\/a>.<\/p>\n Select whales seem to be building a position during the dip. A Bitcoin whale, known as “Spoofy,” bought 4,000 Bitcoin worth roughly $344 million<\/a> when the price was between $82,000 and $85,000. Crypto analyst Saint Pump said on X that Spoofy builds his position “extremely slowly” and may buy more if the markets fall further.<\/p>\n Crypto market data daily view. Source: <\/em>Coin360<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n The current correction has not deterred Standard Chartered’s long-term view. In a CNBC interview, Standard Chartered head of digital assets research Geoffrey Kendrick said that Bitcoin could recover to $200,000 this year<\/a> and surge to $500,000 before President Trump finishes his second term. <\/p>\n Could Bitcoin start a recovery, pulling altcoins higher? Let’s analyze the charts of the top 10 cryptocurrencies to find out.<\/p>\n Bitcoin closed below the $85,000 support on Feb. 26, and the bears successfully defended the level on Feb. 27.<\/p>\n BTC\/USDT daily chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n Sellers tried to sink the BTC\/USDT pair to $73,777, but the bulls purchased the dip to $78,258 on Feb. 28. Buyers will try to push the price back above the $85,000 to $90,000 resistance zone. If they manage to do that, it will suggest that a short-term bottom may be in place.<\/p>\n Conversely, if the price turns down sharply from the overhead resistance zone, it indicates selling on every minor rally. The pair could then descend to the vital support at $73,777, where buyers are expected to step in.<\/p>\n Ether (ETH<\/a>) rebounded off the $2,111 support, indicating that the bulls are trying to keep the price inside the large range.<\/p>\n ETH\/USDT daily chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n The bulls will attempt to stretch the recovery to the 20-day EMA ($2,611) and then to the downtrend line. Sellers are expected to aggressively defend the downtrend line. If the price turns down from the overhead resistance, the ETH\/USDT pair could retest the $2,111 level. If this support cracks, the pair may sink to $2,000 and later to $1,900.<\/p>\n Contrary to this assumption, a break and close above the downtrend line suggests that the bears are losing their grip. The pair could rise to the 50-day SMA ($2,932). <\/p>\n XRP (XRP<\/a>) turned down from the support line of the symmetrical triangle pattern on Feb. 26, suggesting that the bears have flipped the level into resistance.<\/p>\n XRP\/USDT daily chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n The XRP\/USDT pair dipped below the $2.06 support on Feb. 28, but the bears could not sustain the lower levels. Buyers will attempt to push the price above the 20-day EMA. If they can pull it off, it will signal that the bulls are back in the game.<\/p>\n Contrarily, if the price turns down from the 20-day EMA, it will suggest that the bears remain active at higher levels. That increases the possibility of a drop to the crucial support at $1.77.<\/p>\n BNB (BNB<\/a>) rebounded off the support near $557, indicating that the bulls are trying to defend the level.<\/p>\n BNB\/USDT daily chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n The BNB\/USDT pair will attempt a relief rally, which is expected to face strong selling at the 20-day EMA ($634). If the price turns down sharply from the 20-day EMA, it increases the likelihood of a break below $557. If that happens, the pair could collapse to $500. Buyers are expected to fiercely defend the zone between $460 and $500.<\/p>\n On the upside, a break and close above the 20-day EMA suggests the selling pressure is reducing. The pair could then reach the 50-day SMA ($656).<\/p>\n Solana (SOL<\/a>) slipped below the $133 support on Feb. 28, but the long tail on the candlestick shows solid buying at lower levels.<\/p>\n SOL\/USDT daily chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n There is minor resistance at $147, but it is likely to be crossed. If the price holds above $147, the SOL\/USDT pair could reach the 20-day EMA ($169). Sellers are expected to pose a strong challenge at the 20-day EMA, but if the bulls prevail, the pair could extend its recovery to the 50-day SMA ($201).<\/p>\n This optimistic view will be negated if the price turns down and breaks below $125. The pair could then plummet to $110.<\/p>\n Buyers failed to push Dogecoin (DOGE<\/a>) back above the support line, suggesting that the bears have flipped the level into resistance.<\/p>\n DOGE\/USDT daily chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n The selling resumed on Feb. 28, and the bears will try to sink the price to $0.15. However, the RSI has slipped into the oversold zone, suggesting that a relief rally could be around the corner. Buyers will have to push and maintain the DOGE\/USDT pair above the 20-day EMA ($0.24) to start a sustained recovery.<\/p>\n The failure to push the price back above the 20-day EMA increases the risk of a drop to $0.13 and then to $0.10.<\/p>\n Cardano (ADA<\/a>) is witnessing a tough battle between the bulls and the bears at the support line of the descending channel pattern.<\/p>\n ADA\/USDT daily chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n If the price sustains below the support line, the selling could pick up, and the ADA\/USDT pair may drop to $0.50. Buyers are expected to defend the $0.50 level with all their might because a close below it could sink the pair to $0.33.<\/p>\n If the price turns up from the support line, the pair could reach the 20-day EMA (0.73). This is a vital overhead resistance to watch out for because a break above it suggests that the pair may remain inside the channel for some more time.<\/p>\n Related: <\/strong><\/em>Bitcoin price metric hits ‘optimal DCA’ zone not seen since BTC traded in $50K to $70K range<\/strong><\/em><\/a><\/p>\n Litecoin (LTC<\/a>) has been oscillating inside a symmetrical triangle pattern, indicating indecision between the bulls and the bears.<\/p>\n LTC\/USDT daily chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n The 20-day EMA ($122) is flattish, and the RSI is just above the midpoint, indicating a balance between supply and demand. If the price sustains above the 20-day EMA, the bulls will try to push the LTC\/USDT pair above the resistance line. If they succeed, the pair could rally to $147.<\/p>\n Conversely, a break below the 50-day SMA ($117) opens the gates for a drop to the support line. If this level gives way, the pair could plunge to $80.<\/p>\n The failure of the bulls to start a strong recovery from the support line triggered another round of selling by the bears in Chainlink (LINK<\/a>).<\/p>\n LINK\/USDT daily chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n If the price sustains below the support line, the selling could accelerate, and the LINK\/USDT pair could drop to $12.71 and, subsequently, to $10.<\/p>\n If buyers want to prevent the downside, they will have to swiftly push the price back above $16. The pair could then rise to the 20-day EMA ($17.42), which is likely to act as a stiff resistance. Buyers will have to push the price above the 20-day EMA to suggest that the break below the support line may have been a bear trap.<\/p>\nBitcoin price analysis<\/h2>\n
Ether price analysis<\/h2>\n
XRP price analysis<\/h2>\n
BNB price analysis<\/h2>\n
Solana price analysis<\/h2>\n
Dogecoin price analysis<\/h2>\n
Cardano price analysis<\/h2>\n
Litecoin price analysis<\/h2>\n
Chainlink price analysis<\/h2>\n
Avalanche price analysis<\/h2>\n