Crypto Price Analysis & Overview September 24th: Ethereum, Ripple, Cardano, Solana, and Avalanche

Ethereum

Ethereum is down a sharp 21% this week as the coin sits beneath $3000. The sell-off started on Monday when ETH slipped beneath the neckline of a head & shoulders pattern and the 50-day MA. Initially, the market found support at $3000 but would continue to fall beneath it on Tuesday to find support at $2770 (.786 Fib Retracement).

ETH did rebound on Wednesday and Thursday as it climbed back above $3000. However, it lost another sharp 9% today, causing it to break back beneath $3000 and reach the support at the 100-day MA at around $2730.

Looking ahead, if the sellers push lower, the first support lies between $2770 (.786 Fib) and $2730 (100-day MA). This is followed by $2600 (200-day MA), $2500, $2420 (downside 1.618 Fib Extension), and $2200 (.786 Fib).

On the other side, the first resistance lies at $2890. This is followed by $3000, $3200, $3350 (50-day MA & 20-day MA), and $3500.

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ETH/USD Daily Chart. Source: TradingView.

ETH is also struggling against BTC this week as it dropped as low as 0.0667 BTC (downside 1.272 Fib Extension) today. The cryptocurrency fell beneath the 50-day MA and 0.07 BTC on Monday as it continued to slide until support was met at 0.068 BTC. The level there was bolstered by a rising trend line that allowed ETH to rebound on Wednesday.

Unfortunately, ETH was unable to overcome the resistance at the 50-day MA and fell from there today to reach as low as 0.0667 BTC. It has since bounced and is trading above the rising trend line.

Looking ahead, if the sellers break the trend line and fall beneath 0.068 BTC, the first solid support lies at 0.0667 BTC. This is followed by 0.066 BTC (.618 Fib & 100-day MA), 0.065 BTC, 0.064 BTC, and 0.0632 BTC (downside 1.618 Fib Extension).

On the other side, the first resistance lies at 0.0691 BTC. This is followed by 0.07 BTC (50-day MA), 0.0711 BTC, and 0.072 BTC.

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ETH/BTC Daily Chart. Source: TradingView.

Ripple

XRP dropped by a steep 17% this week as it falls back beneath $1. XRP dropped below the 50-day MA on Sunday and continued on Monday as it lost the 200-day MA until it found support at $0.875 (.618 Fib & 100-day MA).

XRP held $0.875 on Tuesday and rebounded from there on Wednesday to return to $1. Unfortunately, the buyers could not break this level and fell from there today to return to the 100-day MA support.

Looking ahead, if the bears push beneath the 100-day MA, the first support lies at $0.8282 (2020 highs). This is followed by $0.8 (downside 1.272 Fib Extension), $0.732 (downside 1.414 Fib Extension), $0.7, and $0.65.

On the other side, the first resistance lies at $0.95 (200-day MA). This is followed by $1, $1.05, and $1.10 (50-day MA).

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XRP/USD Daily Chart. Source: TradingView.

XRP is also in a bearish battle against BTC as it sits above 2200 SAT. On Monday, XRP fell beneath 2225 SAT (.5 Fib) and spiked as low as 2050 SAT (.618 Fib). More specifically, the coin found support at a rising trend line and rebounded from there on Wednesday.

It managed to reach as high as 2300 SAT and reversed from there yesterday. Today, XRP fell beneath 2200 SAT but found support at the rising trend line. It is still above the weekly low, which is a very promising sign.

Looking ahead, if the bears push beneath the rising trend line, the first support lies at 2100 SAT (200-day MA & 100-day MA). This is followed by 2075 SAT (.618 Fib), 2000 SAT, 1900 SAT (July 2020 low), and 1735 SAT (.886 Fib).

On the other side, resistance is first expected at 2300 SAT. This is followed by 2350 SAT (50-day MA), 2400 SAT, and 2500 SAT.

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XRP/BTC Daily Chart. Source: TradingView.

Cardano

ADA fell by a small 11% this week as the coin currently sits at $2.18. It also dropped beneath the 50-day MA on Monday and continued to slip until support was found at $1.88 (downside 1.414 Fib Extension) on Tuesday.

More specifically, ADA found support at $2.00 (.618 Fib Retracement) and rebounded from there on Wednesday.

Yesterday, ADA briefly crossed a falling trend line to reach the resistance at the 50-day MA. It continued to spike as high as $2.50 earlier today but has since dropped back beneath $2.20.

Looking ahead, the first strong support lies at $2.00 (.618 Fib). This is followed by $1.88 (downside 1.414 Fib Extension), $1.80 (100-day MA), and $1.66 (.786 Fib).

On the other side, the first resistance lies at $2.40 (bearish .382 Fib & 50-day MA). This is followed by $2.53 (bearish .5 Fib), $2.68 (.bearish .618 Fib), and $2.80.

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ADA/USD Daily Chart. Source: TradingView.

ADA is attempting to recover against BTC as it sits above 5200 SAT. The coin found solid support at 4800 SAT on Monday and managed to hold it during the entire week.

On Wednesday, ADA finally surged back above the 50-day MA and continued higher above 5000 SAT. It broke the 20-day MA at 5200 SAT today and reached above 5500 SAT.

Looking ahead, the first support lies at 5000 SAT (50-day MA). This is followed by 4800 SAT, 4715 SAT (.5 Fib), 4600 SAT, and 4400 SAT (100-day MA).

On the other side, the first resistance lies at 5600 SAT. This is followed by 5800 SAT, 6000 SAT, and 6200 SAT.

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ADA/BTC Daily Chart. Source: TradingView.

Solana

SOL is down a steep 13% this week as the coin currently trades around $135. The cryptocurrency has been trading inside a descending price channel since the first week of September and must break the boundary to end the current negative trend.

SOL dropped beneath $140 on Monday and continued lower until support was found at $123 (downside 1.272 Fib Extension) on Tuesday. It rebounded from there on Wednesday but rolled over today after meeting resistance at the upper angle of the price channel.

Looking ahead, the first support lies at $123 (downside 1.272 Fib Extension). This is followed by $119 (.5 Fib Retracement), $112 (downside 1.414 Fib Extension), $110 (50-day MA), and $100.

On the other side, the first resistance lies at $150 (upper angle of the price channel). This is followed by $160 (20-day MA), $180, and $200.

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SOL/USD Daily Chart. Source: TradingView.

SOL is currently in a phase of consolidation against BTC as it trades sideways between 0.0035 BTC and 0.003 BTC. The coin found support at 0.003 BTC on Tuesday and bounced higher on Wednesday to meet the resistance at the 20-day MA, beneath 0.0035 BTC.

It ended up rolling over from there yesterday to find the support at 0.00315 BTC (.382 Fib) today.

Looking ahead, the first solid support lies at 0.003 BTC. This is followed by 0.00288 BTC (downside 1.414 Fib Extension), 0.00267 BTC (.5 Fib Retracement), 0.0025 BTC, and 0.00233 BTC (50-day MA).

On the other side, the first resistance lies at 0.0035 BTC (20-day MA). This is followed by 0.00367 BTC (1.272 Fib Extension), 0.004 BTC (1.414 Fib Extension), and 0.0043 BTC (1.618 Fib Extension).

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SOL/BTC Daily Chart. Source: TradingView.

Avalanche

AVAX is up by a small 3% this week as the coin sits around $70. The cryptocurrency actually managed to set a new ATH price at $80 this week after finding support at the 20-day MA (around $55) on Monday.

It held the $55 support on Tuesday and exploded on Wednesday to hit $75. The new ATH was set on Thursday, but AVAX has since rolled over to fall to $70 today.

Looking ahead, the first support lies at $68.55 (.236 Fib). This is followed by $65, $61.67 (.372 Fib), $60 (20-day MA), and $56.10 (.5 Fib).

On the other side, the first resistance lies at $75. This is followed by $80, $85.45 (1.618 Fib Extension), $90 (1.618 Fib Extension – orange), $92.30 (1.414 Fib Extension – blue), and $100.

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AVAX/USD Daily Chart. Source: TradingView.

AVAX is also performing well against BTC after setting a new ATH on Thursday at 0.0018 BTC. The coin fell beneath support at 0.0014 BTC on Monday but managed to hold support at 0.0013 BTC on Tuesday.

It rebounded from there and ended up breaking the previous 0.0016 BTC ATH on Wednesday. Yesterday, it spiked higher to reach the new ATH at 0.0018 BTC but has since dropped back to 0.0017 BTC.

Looking ahead, the first resistance lies at 0.0018 BTC. This is followed by 0.00185 BTC (1.272 Fib Extension), 0.0019 BTC, 0.00197 BTC (1.414 Fib Exnteison), 0.002 BTC, and 0.0021 BTC.

On the other side, the first support lies at 0.0016 BTC. This is followed by 0.00155 BTC (.236 Fib), 0.00138 BTC (.382 Fib), 0.0013 BTC (20-day MA), and 0.00125 BTC (.5 Fib).

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AVAX/BTC Daily Chart. Source: TradingView.

Ripple Price Analysis: XRP Bounces From 100-day MA and Battles to Reclaim $1

XRP/USD – Buyers Battling To Reclaim $1.

Key Support Levels: $0.95, $0.876, $0.8282.
Key Resistance Levels: $1.05, $1.15, $1.25.

XRP fell beneath the $1.05 floor on Monday and ended up below $1, and the 200-day MA until support was found at $0.875 (.618 Fib). This level was further bolstered by the 100-day MA level, which allowed XRP to rebound.

After this, XRP went on to break the 200-day MA at $0.85 and spike back above $1. Unfortunately, the bulls have still not managed to gain ground above $1.00 so far.

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XRP/USD Daily Chart. Source: TradingView.

XRP-USD Short Term Price Prediction

Looking ahead, the first resistance lies at $1.05. This is followed by $1.10 (50-day MA & 20-day MA), $1.15, and $1.25 (Feb 2018 Highs).

On the other side, the first support lies at $0.95 (200-day MA). This is followed by $0.876 (.618 Fib & 100-day MA), $0.8282 (2020 highs), and $0.8 (downside 1.272 Fib Extension).

The RSI has been beneath the midline for the majority of September as the selling momentum continues to take hold.

XRP/BTC – XRP Rebounds From 100-day MA Support

Key Support Levels: 2225 SAT, 2100 SAT, 2075 SAT.
Key Resistance Levels: 2350 SAT, 2400 SAT, 2500 SAT.

XRP is also in a rebound against BTC itself. The cryptocurrency fell beneath 2225 SAT (.5 Fib) on Monday and collapsed as low as 2050 SAT. Luckily, the bulls regrouped above 2150 SAT by the end of the day and managed to use the 100-day MA support at 2100 SAT as support on Tuesday and Wednesday.

Yesterday, XRP bounced from the 100-day MA and surged back above 2200 SAT to reach as high as 2300 SAT. It has since dropped to 2250 SAT today.

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XRP/BTC Daily Chart. Source: TradingView.

XRP-BTC Short Term Price Prediction

Looking ahead, the first resistance lies at 2350 SAT (50-day MA & 20-day MA). This is followed by 2400 SAT, 2500 SAT, and 2670 SAT.

On the other side, the first support lies at 2225 SAT (.5 Fib). This is followed by 2100 SAT (100-day MA & 200-day MA), 2075 SAT (.618 Fib), and 2000 SAT.

Again, the RSI is beneath the midline here, indicating that the sellers remain in control of the market momentum.

Cardano Price Analysis: ADA Recovers 6% In a Day, What’s Next?

ADA/USD – Buyers Rebound From $1.88 Support

Key Support Levels: $$2.00, $1.88, $1.80.
Key Resistance Levels: $2.20, $2.40, $2.50.

ADA bounced by a total of 6% over the past 24 hours since finding support at $2.00 yesterday. The cryptocurrency had broken beneath the 50-day MA on Monday and spiked lower on Tuesday until support was met at $1.88, provided by a 1.414 Fib Extension.

The buyers regrouped at $1.88, allowing them to push toward $2.00 when the daily candle closed. Yesterday, ADA bounced from $2.00 and continued beyond $2.20. It now needs to break the September descending trend line before attempting the 50-day MA around $2.40.

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ADA/USD Daily Chart. Source: TradingView.

ADA-USD Short Term Price Prediction

Looking ahead, the first resistance lies around $2.20 (falling trend line). This is followed by $2.40 (bearish .382 Fib & 50-day MA), $2.50 (20-day MA), and $2.68 (bearish .618 Fib).

On the other side, the first strong support lies at $2.00. This is followed by $1.88 (downside 1.414 Fib Extension), $1.80 (100-day MA), $1.75 (.786 Fib), and $1.60 (200-day MA).

The RSI is heading back toward the midline, indicating the bearish momentum might be starting to fade.

ADA/BTC – ADA Rebounds From 4800 SAT Support.

Key Support Levels: 5000 SAT, 4800 SAT, 4715 SAT.
Key Resistance Levels: 5200 SAT, 5500 SAT, 6000 SAT.

ADA is also in the middle of a recovery against BTC as it broke above the 50-day MA to sit above 5000 SAT. The cryptocurrency fell beneath 5000 SAT last week and continued below the 50-day MA on Sunday to meet the support at 4800 SAT.

The market held 4800 SAT through the early days of this week and eventually surged above the 50-day MA and 5000 SAT yesterday to reach as high as 5200 SAT. It has since dropped back to 5000 SAT.

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ADA/BTC Daily Chart. Source: TradingView.

ADA-BTC Short Term Price Prediction

Looking ahead, the first resistance lies at 5200 SAT (20-day MA). This is followed by 5500 SAT, 6000 SAT, and 6300 SAT (1.272 Fib Extension).

On the other side, the first support lies at 5000 SAT (50-day MA). This is followed by 4800 SAT, 4714 SAT (.5 Fib0, 4500 SAT, and 4350 SAT (.618 Fib & 100-day MA).

The RSI remains beneath the midline and was recently rejected from the level, indicating the bears are still battling to push beneath 5000 SAT.

Ethereum Price Analysis: ETH Bulls Fight to Reclaim $3,000 as Market Struggles

ETH/USD – Ether Finds .786 Fib Support.

Key Support Levels: $2770, $2720, $2600.
Key Resistance Levels: $3000, $3200, $3290.

Ethereum is now down a steep 15% on the week as it plummeted beneath $3000. The coin started the week off by falling beneath a rising trend line and the 50-day MA. The trend line also formed the neck of a head and shoulders pattern that could send it as low as $2400.

Since breaking the 50-day MA, ETH continued to decrease until it hit yesterday’s low at $2656. From there, the bulls regrouped to close the candle at $2770, which is support provided by a .786 Fib. It bounced from there today as it battles to stay above $2900.

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ETH/USD Daily Chart. Source: TradingView.

ETH-USD Short Term Price Prediction

Looking ahead, the first strong support lies at $2770 (.786 Fib). This is followed by $2720 (100-day MA), $2600 (200-day MA), and $2420 (downside 1.618 Fib Extension).

On the other side, the first resistance lies at $3000. This is followed by $3200, $3290 (50-day MA), $3350, and $3400 (20-day MA).

The RSI is beneath the midline, indicating the bears are in control of the market momentum.

ETH/BTC – ETH Falls Into July Highs

Key Support Levels: 0.068 BTC, 0.0667 BTC, 0.066 BTC.
Key Resistance Levels: 0.07 BTC, 0.071 BTC, 0.0733 BTC.

ETH also continues to decrease against BTC. On Sunday, the coin fell beneath support at 0.0711 BTC (.382 Fib) to meet 0.07 BTC (50-day MA). It continued below the 50-day MA on Monday to hit 0.0691 BTC.

Yesterday, ETH plummeted beneath 0.069 BTC to reach as low as 0.067 BTC. By the end of the day, the bulls managed to close the daily candle at 0.068 BTC. Today, ETH rebounded and is now above 0.069 BTC.

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ETH/BTC Daily Chart. Source: TradingView.

ETH-BTC Short Term Price Prediction

Moving forward, the first strong resistance lies at 0.07 BTC. This is followed by 0.071 BTC (50-day MA), 0.0733 BTC (August highs), and 0.0765 BTC (bearish .786 Fib).

On the other side, the first support lies at 0.068 BTC (rising trend line). This is followed by 0.0667 BTC (downside 1.272 Fib Extension), 0.066 BTC (.618 Fib), and 0.064 BTC.

The RSI is also beneath the midline here, indicating bearish momentum is control.

Solana Price Analysis: SOL Trades Inside Price Channel Following Near 19% 7-Day Drop

SOL/USD – SOL Heading Lower Inside Descending Price Channel.

Key Support Levels: $130, $123, $121.
Key Resistance Levels: $150, $160, $180.

SOL is down a sharp 18.5% this week as it continues to trend lower inside a descending price channel. It managed to set a new ATH price in the first week of September at $216. Since then, SOL rolled over to form the falling price channel.

On Saturday, the cryptocurrency attempted to break the upper angle of the price channel but failed to go above $170. During the capitulation yesterday, SOL fell as low as $130 but has since rebounded to $135.

For SOL to continue the upward trend it established over the past month, it would need to break above the price channel and clear $160 (20-day MA).

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SOL/USD Daily Chart. Source: TradingView.

SOL-USD Short Term Price Prediction

Looking ahead, the first strong resistance lies at $150 (upper angle of the price channel). This is followed by $160 (20-day MA), $180, and $200 (1.618 Fib Extnesion).

On the other side, the first support lies at $130. This is followed by $123 (downside 1.272 Fib Extension), $121 (.5 Fib Retracement), and $112 (downside 1.414 Fib Extension), and $100 (50-day MA).

The daily RSI is right at the midline, indicating indecision within the market. However, the 40hour RSI is beneath the midline.

SOL/BTC – Bulls Rebound From ​​0.003 BTC Support.

Key Support Levels: 0.00315 BTC, 0.003 BTC, 0.00288 BTC.
Key Resistance Levels: 0.0035 BTC, 0.00367 BTC, 0.004 BTC.

SOL is also heading lower against BTC, but the bulls are battling to hold the support at around 0.00306 BTC (1.272 Fib Extension). The market formed a bearish wedge over the past week, which caused SOL to fall as low as 0.00288 BTC (downside 1.414 Fib Extension).

The buyers managed to break toward the upside of the wedge over the weekend but failed to overcome resistance at 0.0035 BTC. The market has now returned to the 0.00305 BTC support, which is crucial to defend.

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SOL/BTC Daily Chart. Source: TradingView.

SOL-BTC Short Term Price Prediction

Looking ahead, the first support lies at 0.00315 BTC (.382 Fib). This is followed by 0.003 BTC, 0.00288 BTC, and 0.00267 BTC (.5 Fib).

On the other side, the first resistance lies at 0.0035 BTC (20-day MA). This is followed by 0.00367 BTC (1.272 Fib Extension), 0.004 BTC (1.414 Fib Extension), and 0.0043 BTC (1.618 Fib Extension).

The daily RSI is still above the midline here, indicating that the bulls still weakly control the market momentum.

Cardano Price Analysis: Following a 10% Weekly Crash, ADA Bulls Defend $2 Support

ADA/USD – Buyers Battle To Defend $2

Key Support Levels: $2.05, $2.00, $1.88.
Key Resistance Levels: $2.21, $2.33, $2.40.

ADA managed to find support at $2 today as it rebounded from the .618 Fib level. The cryptocurrency is still down 10% over the week, $2 is looking to be a promising threshold for the bulls.

The cryptocurrency developed strong support at $2.40 last week but fell beneath it over the weekend. During the market capitulation yesterday, ADA dropped below the 50-day MA level at $2.30 and continued lower until it found the .618 Fib support at $2.05. Today, it did spike beneath $2, reaching as low as $1.91, but did quickly rebound.

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ADA/USD Daily Chart. Source: TradingView.

ADA-USD Short Term Price Prediction

Looking ahead, the first support lies at $2.05 (.618 Fib). This is followed by $2.00, $1.88 (downside 1.414 Fib Extension), $1.80 (100-day MA), and $1.75 (.786 Fib).

On the other side, the first resistance lies at $2.21 (bearish .236 Fib). This is followed by $2.33 (50-day MA), $2.40 (bearish .382 Fib), $2.55 (bearish .5 Fib & 20-day MA), and $2.70 (bearish .618 Fib).

As expected, the RSI is beneath the midline as the sellers control the market momentum.

ADA/BTC – Market Finds Support AT 4800 SAT

Key Support Levels: 5000 SAT, 4710 SAT, 4600 SAT.
Key Resistance Levels: 5050 SAT, 5400 SAT, 5800 SAT.

ADA also found solid support at 4800 SAT yesterday, which allowed the market to rebound and break back above 5000 SAT. The coin fell beneath 5000 SAT at the start of the weekend and continued lower until the support was found at 4800 SAT.

Today’s bounce has allowed ADA to break back above 5000 SAT and climb above the 50-day MA level. It is now battling the May 2021 highs.

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ADA/BTC Daily Chart. Source: TradingView.

ADA-BTC Short Term Price Prediction

Looking ahead, the first resistance lies at 5050 (May 2021 highs). This is followed by 5400 SAT (20-day MA), 5800 SAT, and 6000 SAT.

On the other side, the first support lies at 5000 SAT (50-day MA), 4715 SAT (.5 Fib), 4600 SAT, and 4350 SAT(.618 Fib & 100-day MA).

Again, the RSI slipped beneath the midline as the bears took control. Today’s rebound has started to reduce the bearish pressure.

Ripple Price Analysis: XRP Plummets Below $1 as 200-day MA Comes Into Play

XRP/USD – XRP Loses Ground At $1

Key Support Levels: $0.875, $0.8282, $0.8.
Key Resistance Levels: $1.00, $1.05, $1.14.

Since the early September flash crash, when XRP fell as low as $0.95 from a high of $1.40, XRP had established a solid range between $1.14 and support at $1.05 (.5 Fib Retracement).

Over the weekend, the cryptocurrency fell beneath the 50-day MA and tested the $1.05 support again. Today, the 12% price fall caused XRP to break support at $1.05 as it went on to crash beneath $1.00 and reach as low as $0.875 (.618 Fib & 100-day MA).

There, the combined support allowed XRP to bounce to the current $0.94 level as it sits above the 200-day MA.

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XRP/USD Daily Chart. Source: TradingView.

XRP-USD Short Term Price Prediction

Looking ahead, if the sellers break the 200-day MA, the first support lies at $0.875 (.618 Fib & 100-day MA). This is followed by $0.8282 (2020 high), $0.8 (downside 1.272 Fib Extension), and $0.732 (downside 1.414 Fib Extension).

On the other side, the first resistance lies at $1. This is followed by $1.05, $1.14 (upper boundary of previous range & 20-day MA), and $1.25 (Feb 2018 highs).

The RSI has now tumbled beneath the midline, indicating the bears are in complete control of the market momentum.

XRP/BTC – XRP Lands In 200-day MA Support

Key Support Levels: 2075 SAT, 2000 SAT, 1900 SAT.
Key Resistance Levels: 2225 SAT, 2320 SAT, 2400 SAT.

XRP is also struggling heavily against BTC. Last week, it fell beneath the 50-day MA at around 2300 SAT to find the support at 2225 SAT (.5 Fib Retracement) over the weekend.

The market held this support until today when XRP collapsed beneath 2200 SAT to reach as low as 2075 SAT (.618 Fib & 200-day MA). It has since bounced from there as it trades around 2140 SAT.

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XRP/BTC Daily Chart. Source: TradingView.

XRP-BTC Short Term Price Prediction

Looking ahead, the first support lies at 2075 SAT (.618 Fib & 200-day MA). This is followed by 2000 SAT, 1900 SAT (July 2020 low), and 1735 SAT (.886 Fib).

On the other side, the first resistance lies at 2225 SAT. This is followed by 2320 SAT (50-day MA), 2400 SAT (20-day MA), and 2600 SAT.

The RSI is also beneath the midline here, indicating that the sellers are controlling the momentum.

Ethereum Price Analysis: ETH Crashes To $3000 as Broader Market Pulls Back

ETH/USD – Ether Plummets Into $3000 Support

Key Support Levels: $2890, $2770, $2720.
Key Resistance Levels: $3200, $3300, $3350.

Ethereum fell a sharp 11.5% today as it crashed back to $3000. The cryptocurrency had dropped from near $4000 at the start of September as it fell into support around $3200 (.5 Fib Retracement) last week. A rising trend line bolstered the support, and it allowed ETH to rebound during the week.

It reached as high as $3600 last week but rolled over on Wednesday. By the weekend, ETH had returned to the support at the rising trend line and the 50-day MA around $3280. Today, it collapsed beneath the trend line and the 50-day MA to reach as low as $2920. It has since bounced from the low and is battling to hold above $3000.

The break beneath the trend line is quite significant as it signals the discontinuation of a head and shoulders neckline that could see ETH reaching as low as $2600 (200-day MA).

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ETH/USD Daily Chart. Source: TradingView.

ETH-USD Short Term Price Prediction

Looking ahead, the first strong support lies at $2890 (June highs). This is followed by $2770 (.786 Fib), $2720 (100-day MA), and $2600 (200-day MA).

On the other side, the first resistance lies at $3200. This is followed by $3300 (50-day MA), $3350, $3550 (20-day MA), and $3600.

The daily RSI is now well beneath the midline and is the lowest level since late July. This indicates the bearish momentum is increasing significantly.

ETH/BTC – ETH Falls Into July Highs

Key Support Levels: 0.0691 BTC, 0.068 BTC, 0.066 BTC.
Key Resistance Levels: 0.07 BTC, 0.072 BTC, 0.0733 BTC.

ETH has also been struggling against BTC for the entire period of September. The coin started the month at a high of around 0.0787 BTC and rolled over from there. During the early-September market wipeout, ETH had done well to maintain the support at the 20-day MA around 0.072 BTC.

Last Friday, ETH slipped back beneath the 20-day MA and fell to 0.072 BTC. Over the weekend, ETH fell beneath a rising trend line to find the support at the 50-day MA around 0.07 BTC yesterday.

Today, ETH fell beneath the 50-day MA to reach the July highs at 0.0691 BTC.

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ETH/BTC Daily Chart. Source: TradingView.

ETH-BTC Short Term Price Prediction

Moving forward, if the bears break the July highs at 0.0691 BTC, the first support lies at 0.068 BTC. This is followed by 0.066 BTC (downside 1.272 FIb Extension), 0.066 BTC (.618 Fib & 100-day MA), and 0.0632 BTC (downside 1.618 Fib Extension).

On the other side, the first resistance lies at 0.07 BTC (50-day MA). This is followed by 0.072 BTC, 0.0733 BTC (August highs), 0.074 BTC (20-day MA), and 0.0765 BTC (bearish .786 Fib).

The daily RSI also recently slipped beneath the midline, indicating that the bears are in control of the market momentum.

Crypto Price Analysis & Overview September 17th: Ethereum, Ripple, Cardano, Solana, & Avalanche

Ethereum

Ethereum is up by a small 1.2% over the past week of trading as the cryptocurrency currently sits at around $3450. The coin reached support at $3205 (.5 Fib) last Friday and started to rebound higher from there. The support at $3200 was further bolstered by a rising trend line that extends back to August.

On Wednesday, ETH managed to break the 20-day MA level again as it surged to $3600. Unfortunately, it could not close a daily candle above $3600 and ended up falling back beneath the 20-day MA level today.

Looking ahead, the first solid support lies at $3400. This is followed by $3350 (August resistance), $3200 (50-day MA & .5 Fib), $3000 (.618 Fib), and $2890 (August support).

On the other side, the first resistance lies at $3525 (20-day MA). This is followed by $3600, $3790 (bearish .786 Fib), and $3975 (September resistance & 1.272 Fib Extension). Beyond $4000, added resistance lies at $4060 and $4200.

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ETH/USD Daily Chart. Source: TradingView.

ETH is also in a similar situation against BTC as it dropped beneath the 20-day MA level again today. The coin found support at 0.0711 BTC (.382 Fib & 20-day MA) last Friday and started to rebound from there. On Wednesday, ETH managed to break the 20-day MA and push higher to 0.076 BTC yesterday.

Unfortunately, it could not overcome the resistance at 0.076 BTC yesterday and has since dropped beneath the 20-day MA at 0.074 BTC to the current 0.0728 BTC level. It is currently being supported by a September ascending trend line.

Looking ahead, the first support lies at the trend line. This is followed by 0.072 BTC, 0.0711 BTC (.382 Fib), 0.07 BTC (50-day MA) and 0.0691 BTC.

On the other side, the first resistance lies at 0.074 BTC (20-day MA). This is followed by 0.076 BTC, 0.0765 BTC (beraish .786 Fib), and 0.0787 BTC.

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ETH/BTC Daily Chart. Source: TradingView.

Ripple

XRP is down a small 1.8% this week as it currently trades at around $1.06. The cryptocurrency has established a range between $1.14 and $1.05 over the past ten days and must break this range to dictate the next direction for the market.

The support of the range is provided by a .5 Fib and a 50-day MA.

Looking ahead, if the sellers break the lower boundary of the range at $1.05, the first support lies at $1.00. This is followed by $0.95 (.618 Fib), $0.92 (200-day MA), $0.86 (100-day MA), and $0.8282 (2020 highs).

On the other side, the first resistance lies at $1.15 (20-day MA & upper boundary of the range). This is followed by $1.25 (Feb 2018 highs), $1.30, $1.36 (1.618 Fib Extension), and $1.40.

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XRP/USD Daily Chart. Source: TradingView.

It  is also struggling against BTC as it falls beneath the 50-day MA level today. The coin did try and push higher at the start of the week as it surged above 2400 SAT to hit 2450 SAT. There, it found resistance at the 20-day MA and reversed from the level.

XRP would fall throughout the week until support was found at 2290 SAT (.382 Fib & 50-day MA) yesterday. The bears pushed beneath this support today to hit 2240 SAT.

Looking ahead, the first support lies at 2200 SAT. This is followed by 2155 SAT (.5 Fib), 2100 SAT (100-day MA), 2050 SAT (200-day MA), and 2000 SAT (.618 Fib).

On the other side, the first resistance lies at 2300 SAT (50-day MA). This is followed by 2400 SAT (20-day MA), 2500 SAT, 2670 SAT (bearish .5 Fib), and 2230 SAT (1.618 Fib Extension).

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XRP/BTC Daily Chart. Source: TradingView.

Cardano

ADA is down by 5.5% over the course of the week as it currently trades at the $2.35 support (.382 Fib Retracement). The coin was trading at this support last week and did attempt to surge higher but could not overcome resistance at $2.8- during the week.

It is now pretty much locked in a range between $2.60 and $2.35 and must break this range to dictate the next direction for the market.

If the sellers break $2.35, the first support is expected at $2.25 (50-day MA). This is followed by $2.16 (.5 Fib), $2.00 (.618 Fib), and $1.80 (100-day MA).

On the other side, the first resistance lies at $2.50. This is followed by $2.64 (20-day MA), $2.80, $2.96 (1.272 Fib Extension), and $3.00.

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ADA/USD Daily Chart. Source: TradingView.

ADA is also struggling against BTC as it breaks beneath the 5000 SAT support today. The coin had reached 5340 SAT (.236 Fib) support last Friday and rebounded higher from there over the weekend. Unfortunately, it could not break resistance at 6000 SAT and ended up rolling over from there as the week progressed.

By Tuesday, ADA broke beneath the 5340 SAT support and continued into 5000 SAT, which was finally breached today.

Looking ahead, if the sellers continue lower, the first support lies at 4925 SAT (.382 Fib). This is followed by 4825 SAT (50-day MA), 4590 SAT (.5 Fib), and 4250 SAT (.618 Fib & 100-day MA).

On the other side, the first resistance lies at 5000 SAT. This is followed by 5340 SAT, 5500 SAT (20-day MA), 6000 SAT, and 6200 SAT (1.414 Fib Extension).

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ADA/BTC Daily Chart. Source: TradingView.

Solana

SOL is down by a strong 23.5% over the past week as it currently sits at around $139. The cryptocurrency had been on an incredible monthly run and is still up 105% on the month, despite the recent price drop.

It managed to reach as high as $216 at the start of September but has been in a retracement period ever since. Throughout the week, SOL managed to develop support at $151 (.236 Fib). However, the sellers broke beneath this support today as they broke beneath the 20-day MA to reach the current $139 level.

Looking ahead, the first support lies at $126 (.382 Fib). This is followed by $120, $106 (.5 Fib), $100, and $90 (50-day MA).

On the other side, the first resistance lies at $151 (20-day MA). This is followed by $160, $180, $200, and $216.

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SOL/USD Daily Chart. Source: TradingView.

SOL is also in a retracement period against BTC as it currently sits at 0.00294 BTC. The coin was trading inside an ascending price channel since mid-August, which allowed it to reach as high as 0.0046 BTC at the start of September.

This week, SOL eventually fell beneath the ascending price channel on Tuesday to find support at 0.0033 BTC (.236 Fib). Yesterday, SOL continued below 0.0033 BTC to find the 20-day MA support at 0.0314 BTC. Today, SOL broke the 20-day MA and fell beneath 0.003 BTC to find the support at 0.00282 BTC (.382 Fib).

Looking ahead, if the bears break 0.00282 BTC, the first support lies at 0.0025 BTC. This is followed by 0.00242 BTC (.5 Fib), 0.002 BTC (618 Fib & 50-day MA), and 0.0019 BTC.

On the other side, the first resistance lies at 0.003 BTC. This is followed by 0.0033 BTC (20-day MA), 0.0035 BTC, 0.004 BTC (1.414 Fib Extension), and 0.00429 BTC (1.618 Fib Extension).

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SOL/BTC Daily Chart. Source: TradingView.

Avalanche

AVAX is up by an incredible 58% this week as the coin surges as high as $69 to put it in the 11th ranked position. It was trading at around $40 (20-day MA) last Friday as it started to surge higher. By the end of the weekend, AVAX had already managed to reach as high as $60.

After a brief retracement to $50, the cryptocurrency started to climb again on Wednesday. Yesterday, it surged past $60 and reached as high as $68. It continued today to reach resistance at $69 (1.272 Fib Extension) but has since dropped to $66.

Looking ahead, the first resistance beyond $69 (1.272 Fib Extension) lies at $73.65 (1.414 Fib Extension). This is followed by $78.35, $80 (1.618 Fib Extension), $85, and $90.

On the other side, the first support lies at $64. This is followed by $60, $55, $52 (20-day MA), and $48.

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AVAX/USD Daily Chart. Source: TradingView.

Against BTC, AVAX is also performing very well as it trades at 0.00141 BTC. The coin was trading around 0.00087 BTC (20-day MA) last Friday as it started to push higher to end the weekend at 0.0013 BTC. Yesterday, AVAX managed to break 0.0013 BTC to reach the current 0.00141 BTC level.

Looking ahead, the first resistance is expected at 0.00147 BTC (1.618 Fib Extension). This is followed by 0.0015 BTC, 0.00153 BTC, 0.00163 BTC (1.282 Fib Extension), 0.0017 BTC, and 0.00173 BTC (1.414 Fib Extension).

On the other side, the first support lies at 0.0014 BTC. This is followed by 0.00132 BTC, 0.00122 BTC, 0.0011 BTC (20-day MA), and 0.001 BTC.

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AVAX/BTC Daily Chart. Source: TradingView.

Ethereum Price Analysis: ETH Reclaims 20-Day MA Following a 3-Day Surge of 18%

ETH/USD – Ether Reclaims 20-day MA After Finding $3200 Support.

Key Support Levels: $3530, $3350, $3200.
Key Resistance Levels: $3790, $3975, $4000.

Ethereum managed to establish support at $3200 (.5 Fib) over the weekend. The level there was further bolstered by the 50-day MA, and it allowed ETH to start rebounding at the beginning of this week.

Yesterday, the cryptocurrency surged higher from $3400, allowing it to break resistance at the 20-day MA and reach $3600. The move is important because it shows that buyers are attempting to recover from the market capitulation seen last week.

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ETH/USD Daily Chart. Source: TradingView.

ETH-USD Short Term Price Prediction

Looking ahead, the first resistance lies at $3790 (bearish .786 Fib). This is followed by $3975 (1.272 Fib Extension), $4000, $4200 (1.414 Fib Extension), and $4280.

On the other side, the first support lies at $3530 (20-day MA). This is followed by $3350, $3200 (.5 Fib & 50-day MA), and $3000 (.618 Fib).

The daily RSI is back above the midline and is starting to rise. This shows that the buying momentum is steadily increasing.

ETH/BTC – Buyers Rebound From 0.072 BTC.

Key Support Levels: 0.074 BTC, 0.0711 BTC, 0.07 BTC.
Key Resistance Levels: 0.0765 BTC, 0.0787 BTC, 0.08 BTC.

ETH is also attempting to recover against BTC as it reclaimed the 20-day MA yesterday. The cryptocurrency fell from 0.0787 BTC at the start of September and continued to drop until support was found at 0.0711 BTC (.382 Fib) last week.

Since then, ETH managed to hold above 0.072 BTC and rebounded from there yesterday to break the August high again at 0.0733 BTC and reach as high as 0.076 BTC today.

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ETH/BTC Daily Chart. Source: TradingView.

ETH-BTC Short Term Price Prediction

Moving forward, the first resistance lies at 0.0765 BTC (bearish .786 Fib). This is followed by 0.0787 BTC, 0.08 BTC, 0.082 BTC (1.272 Fib Extension), and 0.0839 BTC (1.414 Fib Extension).

On the other side, the first support lies at 0.074 BTC (20-day MA). This is followed by 0.0711 BTC (.382 Fib), 0.07 BTC (50-day MA), and 0.068 BTC.

The RSI has remained above the midline here as the buyers retain control of the market momentum. The recent spike higher indicates the bullish momentum is also rising.

Ripple Price Analysis: XRP Rangebound Following Last Week’s Crash, What’s Next?

XRP/USD – XRP Establishes Narrow Range

Key Support Levels: $1.05, $1.00, $0.95.
Key Resistance Levels: $1.14, $1.17, $1.25.

Since crashing from $1.40 last Tuesday, XRP has established a range between $1.05 and $1.14 over the past week. The support at $1.05 is provided by a .5 Fib and is now bolstered by the 50-day MA.

The cryptocurrency has dropped numerous times beneath $1.05 but has managed to close each daily candle above that line. On the other side, the resistance at $1.14 provided support in August and will need to be overcome in order to end the current range.

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XRP/USD Daily Chart. Source: TradingView.

XRP-USD Short Term Price Prediction

Looking ahead, the first support lies at $1.05 (.5 Fib & 50-day MA). The next levels are at $1.00, $0.95 (.618 Fib), $0.92 (200-day MA), and $0.86 (100-day MA).

On the other side, the first resistance lies at $1.14. This is followed by $1.17 (20-day MA), $1.25 (Feb 2018 highs), and $1.36 (1.618 Fib Extension & August highs).

The RSI is marginally below the midline, indicating the previous bullish momentum has completely faded. For a chance to break above the current range, the RSI must rise above the midline to indicate bullish momentum within the market.

XRP/BTC – Bulls Battle to Defend the 50-day MA

Key Support Levels: 2290 SAT, 2200 SAT, 2000 SAT.
Key Resistance Levels: 2430 SAT, 2600 SAT, 2800 SAT.

XRP is also trading lower against BTC as the bulls will have to try to defend the 50-day MA support around 2290 SAT. The altcoin could not break resistance at 2670 SAT (bearish .5 Fib) last week and ended up collapsing to 2400 SAT during the Tuesday market-wide crash.

Since then, XRP has slowly headed lower until finding the support at the 50-day MA level today.

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XRP/BTC Daily Chart. Source: TradingView.

XRP-BTC Short Term Price Prediction

Looking ahead, the first support lies at 2290 SAT (.382 Fib & 50-day MA). The next ones are at 2200 SAT (.5 Fib & 100-day MA), 2000 SAT (.618 Fib & 200-day MA), and 1900 SAT (July 2020 low).

Looking from the opposite direction, the first resistance lies at 2430 SAT (20-day MA). If conquered, the ones that follow are at 2600 SAT, 2670 SAT (bearish .5 Fib), 2800 SAT, and 2915 SAT (bearish .618 Fib).

Likewise, the RSI is beneath the midline, indicating increasing bearish momentum. If it continues to head lower, the rising bearish pressure is likely to cause XRP to fall beneath the 50-day MA against BTC.

Polkadot Price Analysis: DOT Bulls Create Three Month Highs Following 9% Weekly Gains

DOT/USD – DOT Breaks Bearish .618 Fib.

Key Support Levels: $35.30, $32.55, $30.
Key Resistance Levels: $38.65, $40, $42.10.

DOT surged above resistance at $30 toward the end of August as it started to climb higher in the first week of September to reach resistance at $35.30 (bearish .618 Fib). However, it could not overcome this level and ended up falling into the 200-day MA around $27.50 during the market crash last week.

Since then, DOT solidified the support at the 200-day MA and started to climb higher again. On Sunday, it surged above $35.30 and closed over the resistance. After a brief retracement to $32.50 yesterday, DOT has finally surged well above $35.30 to reach near $38 today.

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DOT/USD Daily Chart. Source: TradingView.

DOT-USD Short Term Price Prediction

Looking ahead, the first resistance lies at $38.65 (1.618 Fib Extension). This is followed by $40, $42.10 (bearish .786 Fib), $44 (1.272 Fib Extension), and $46.15 (bearish .886 Fib Retracement).

On the other side, the first support lies at $35.30. This is followed by $32.55 (.236 Fib), $30, and $28.30 (.382 Fib & 200-day MA).

The RSI is rising, indicating that the bullish momentum is increasing. It is also not overbought, meaning there is room for the buying to continue.

DOT/BTC – Bulls Break Above Ascending Price Channel

Key Support Levels: 0.0007465 BTC, 0.0007 BTC, 0.0009 BTC.
Key Resistance Levels: 0.00085 BTC, 0.0008765 BTC, 0.0009 BTC.

DOT is also performing well against BTC after turning parabolic by breaking above an ascending price channel. It has been trading inside this price channel since establishing support around 0.00035 BTC toward the end of July.

It surged inside the price channel in August to initially reach a high of 0.0006 BTC. By the start of September, DOT had reached as high as 0.0006860 BTC (bearish .5 Fib). This resistance was broken over the weekend as the cryptocurrency poked above the price channel for the first time on Monday. Today, it continued above the price channel to break 0.00081 BTC.

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DOT/BTC Daily Chart. Source: TradingView.

DOT-BTC Short Term Price Prediction

Looking ahead, if the buyers continue upward, the first resistance lies at 0.00085 BTC. This is followed by 0.0008765 BTC (bearish .786 Fib), 0.0009 BTC, 0.000943 BTC (bearish .886 Fib), and 0.0001 BTC.

On the other side, the first support lies at the ascending price channel. This is followed by 0.0007465 BTC (.236 Fib), 0.0007 BTC, 0.000686 BTC, and 0.000639 BTC (.5 Fib).

The RSI is near extremely overbought conditions, indicating the buyers might be a little overextended.

Cardano Price Analysis: ADA Down 16% Weekly Despite Smart Contracts Hardfork

ADA/USD – Bulls Battle To Defend .382 Fib.

Key Support Levels: $2.35, $2.20, $2.00.
Key Resistance Levels: $2.60, $2.70, $2.80.

ADA fell from near $3 last week to spike as low as $1.97 (.618 Fib) during the flash crash. By the end of the week, ADA had established support at $2.35 (.382 Fib) and rebounded from there over the weekend.

Unfortunately, ADA could not close above resistance at $2.80 and ended up reversing from there to head back into the $2.35 support, where it currently sits. A break beneath this support could potentially cause ADA to continue lower toward the 50-day MA around $2.20.

It’s also worth noting that this takes place right as the network went through the much-anticipated launch of its smart contracts capability on the mainnet on Sunday, September 12.

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ADA/USD Daily Chart. Source: TradingView.

ADA-USD Short Term Price Prediction

Looking ahead, if the sellers berak $2.35 (.382 Fib), the first support lies at $2.20 (50-day MA & .618 Fib). This is followed by $2.00 (.618 Fib), $1.80 (100-day MA), and $1.60 (200-day MA).

On the other side, the first resistance lies at $2.60. This is followed by $2.70 (20-day MA), $2.95 (1.272 Fib Extension) – $3.00, and $3.20 (1.414 Fib Extension).

The RSI has been falling since mid-August and recently crossed beneath the midline for the first time since late July. This indicates that the sellers are attempting to regain control of the market momentum.

ADA/BTC – Bears Push Beneath .236 Fib Support

Key Support Levels: 5000 SAT, 4925 SAT, 4710 SAT.
Key Resistance Levels: 5340 SAT, 5550 SAT, 5640 SAT.

Since failing to break 6000 SAT resistance at the start of September, ADA had been falling last week to establish support at 5340 SAT (.236 Fib Retracement). It held this support all through the previous week and even rebounded from there over the weekend to spike back above 6000 SAT.

Unfortunately, the bears reversed from 6000 SAT and returned to the 5340 SAT support yesterday. The support was penetrated today as ADA fell lower to head toward 5000 SAT.

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ADA/BTC Daily Chart. Source: TradingView.

ADA-BTC Short Term Price Prediction

Moving forward, the first support now lies at 5000 SAT. This is followed by 4925 SAT (.382 Fib), 4710 SAT (50-day MA), 4590 SAT (.5 Fib), and 4260 SAT (100-day MA).

On the other side, the first resistance lies at 5340 SAT. This is followed by 5500 SAT, 5640 SAT (20-day MA), and 6000 SAT.

The RSI also recently dipped beneath the midline for the first time since early August. This indicates that the bears are starting to gain control of the market momentum.

Ethereum Price Analysis: ETH Down 15% in a Week, Where is The Crucial Support?

ETH/USD – Ether Falls Into .5 Fib Support

Key Support Levels: $3200, $3150, $3000.
Key Resistance Levels: $3350, $3480, $3600.

After Tuesday’s market wipeout, ETH is now down a total of 15% on the week after falling from near $4000. The coin found support at $3200 (.5 Fib) over the weekend and rebounded higher.

Unfortunately, it could not break the 20-day MA resistance at $3485 yesterday and rolled over from there today as it fell by 2% to meet the current $3200 (.5 Fib) level again. The support here is also bolstered by an ascending trend line that extends to early August.

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ETH/USD Daily Chart. Source: TradingView.

ETH-USD Short Term Price Prediction

Looking ahead, the first major support lies at $3200 (.5 Fib). This is followed by $3150 (50-day MA), $3000 (.618 Fib), and $2890.

On the other side, the first resistance lies at $3350 (bearish .618 Fib). This is followed by $3480 (20-day MA), $3600, and $3790 (bearish .786 Fib).

The RSI slipped beneath the midline last week for the first time since late July. This indicates that the bears are now in control of the market momentum again.

ETH/BTC – Bulls Attempt To Defend 20-day MA

Key Support Levels: 0.0722 BTC, 0.071 BTC, 0.07 BTC.
Key Resistance Levels: 0.074 BTC, 0.0765 BTC, 0.078 BTC.

ETH is also heading lower against BTC as it attempts to defend the 20-day MA near 0.0722 BTC. The coin dropped from 0.076 BTC last week until support was found at the 20-day MA over the weekend.

It did rebound from the 20-day MA yesterday to reach as high as 0.0752 BTC. Unfortunately, it was unable to close a daily candle above 0.074 BTC and has since rolled over back to the 0.0722 BTC level (20-day MA). The support here is also further bolstered by a short-term ascending trend line.

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ETH/BTC Daily Chart. Source: TradingView.

ETH-BTC Short Term Price Prediction

Moving forward, if the sellers break the 20-day MA and the rising trend line support, the first support lies at 0.071 BTC (.382 Fib). This is followed by 0.07 BTC, 0.0685 BTC (.5 Fib & 50-day MA), and 0.0667 BTC (downside 1.272 Fib Extension).

On the other side, the first resistance lies at 0.074 BTC. This is followed by 0.0765 BTC (beraish .786 Fib), 0.078 BTC, and 0.0795 BTC (September highs).

The RSI is now trading at the midline here, indicating indecision within the market. If it dips beneath the midline, the bearish momentum will increase and is likely to drive ETH down toward 0.07 BTC.

Crypto Price Analysis & Overview September 10th: Ethereum, Ripple, Cardano, Solana, & Matic.

Ethereum

Ethereum dropped a sharp 10% this week as the cryptocurrency currently sits at around $3400. The cryptocurrency surged to $3975 last Friday, where it met the resistance at a 1.272 Fib Extension level.

It was unable to overcome it over the weekend and eventually collapsed from there on Tuesday during the market wipeout. ETH dropped as low as $3000 during the sell-off but eventually recovered by the end of the day to close the daily candle at $3428 (.382 Fib).

It held this support over the past two days but recently slipped beneath it today, reaching as low as $3350.

Looking ahead, the first support lies at $3350. This is followed by added support at $3240 (.5 Fib), $3100 (50-day MA), $3000, and $2890.

On the other side, the first resistance lies at $3500 (20-day MA). This is followed by $3790 (bearish .786 Fib), $3975 (1.272 Fib Extension), $4000, and $4135.

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ETH/USD Daily Chart. Source: TradingView.

Against BTC, ETH was above 0.0785 BTC over the weekend. On Sunday, ETH slipped beneath 0.078 BTC to hit 0.076 BTC. ETH briefly slipped beneath 0.07 BTC during the Tuesday market capitulation but would close the daily candle at 0.0733 BTC (.382 Fib).

It did rebound from there on Wednesday but met resistance at 0.0765 BTC (bearish .786 Fib). It has since dropped from 0.0765 BTC and is now back at the 0.0733 BTC support.

Looking ahead, if the bears drop beneath 0.0733 BTC, the first support lies at 0.072 BTC. This is followed by 0.07 BTC (.618 Fib), 0.0691 BTC, and 0.0678 BTC (.786 Fib & 50-day MA).

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ETH/BTC Daily Chart. Source: TradingView.

Ripple

XRP fell by a solid 13% over the past week to $1.10. The cryptocurrency was trading inside an ascending price channel over the weekend and pushed higher on Monday to break the August highs and hit $1.40.

XRP collapsed on Tuesday’s market wipeout as it fell as low as $0.94. By the end of the day, XRP had recovered to close the daily candle at around $1.12. Since then, XRP has been slowly grinding lower as it hit the support at $1.05 today (.5 Fib).

Looking ahead, the first support lies at $1.05 (.5 Fib). This is followed by $1.00 (50-day MA), $0.957 (.618 Fib Retracement), and $0.9 (200-day MA).

On the other side, the first resistance lies at $1.15. This is followed by $1.20 (20-day MA), $1.25 (Feb 2018 highs), $1.36 (1.618 Fib Extension), and $1.40.

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XRP/USD Daily Chart. Source: TradingView.

XRP also suffered against BTC this week as it currently trades around 2360 SAT. It managed to break 2600 SAT on Monday and reached as high as 2728 SAT (August high-day closing price). On Tuesday, the cryptocurrency collapsed and fell beneath 2600 SAT to spike as low as 2200 SAT (50-day MA). The bulls had rebounded to close the daily candle at 2400 SAT by the end of the day.

Over the following few days, XRP slowly went lower to hit the support at 2290 SAT (.382 Fib) today.

Looking ahead, the first support lies at 2290 SAT (.382 FIb). This is followed by 2290 SAT (.382 Fib), 2200 SAT (50-day MA), 2150 SAT (.5 Fib & 100-day MA), and 2000 SAT (.618 Fib & 200-day MA).

On the other side, the first resistance lies at 2450 SAT (20-day MA). This is followed by 2670 SAT (bearish .5 Fib), 2730 SAT (1.618 Fib Extension), 2915 SAT (bearish .618 Fib), and 3000 SAT.

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XRP/BTC Daily Chart. Source: TradingView.

Cardano

ADA fell by a sharp 16% over the past week as it currently trades around $2.50. The coin was testing resistance around $3.00 (1.272 Fib Extension) over the weekend but was unable to break it. On Tuesday, it slipped beneath the 20-day MA and spiked as low as $2.00 (50-day MA).

By the end of the day, ADA had recovered to the $2.50 support (.382 Fib). It has held this support throughout the rest of the week.

Looking ahead, if the bears push beneath $2.50, the first support lies at $2.25 (.5 Fib). This is followed by support at $2.05 (50-day MA & .618 Fib), $1.80 (100-day MA), and $1.60.

On the other side, the first resistance lies at $2.60. This is followed by $2.75 (20-day MA), $3.00, and $3.20 (1.414 Fib Extension).

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ADA/USD Daily Chart. Source: TradingView.

ADA also fell against BTC this week after it slipped from 6000 SAT to reach the current 5340 SAT support (.236 Fib). It was already decreasing against BTC throughout the weekend to hit the support at 5340 SAT. On Tuesday, it spiked lower to reach the 4590 SAT support (.5 Fib).

The bulls recovered by the end of the day to close the candle above 5340 SAT (.236 Fib).

Looking ahead, if the bears break 5340 SAT, the first support lies at 5000 SAT. This is followed by 4925 SAT (.382 Fib), 4590 SAT (.5 Fib & 50-day MA), 4250 SAT (.618 Fib & 100-day MA).

On the other side, the first resistance lies at 5500 SAT. This is followed by 5670 SAT (20-day MA), 6000 SAT, and 6200 SAT (1.414 Fib Extension).

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ADA/BTC Daily Chart. Source: TradingView.

Solana

SOL saw a strong 43% price hike this week as the coin set a new ATH price at $216. The coin started to surge from $140 on Monday to break above $160. On Tuesday, SOL did spike as low as $130 but quickly recovered and ended up closing the daily candle at $170.

SOL continued to rise over the following few days to hit resistance at $200 (1.618 Fib Extension). Yesterday, SOL managed to spike above $200 to set the new $216 ATH price. Unfortunately, it was unable to close the daily candle above $200 and has since rolled over to $180.

Looking ahead, the first support lies at $170 (.236 Fib). This is followed by $142 (.382 Fib), $120 (.5 Fib), and $100.

On the other side, the first resistance lies at $200 (1.618 Fib Extension). This is followed by $220, $230 (1.618 Fib Extension – purple), $256 (1.272 Fib Extension – blue), and 277 (1.414 Fib Extension – blue).

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SOL/USD Daily Chart. Source: TradingView.

SOL is also performing very well against BTC as it sets a new ATH at 46,980 SAT this week. The coin has been surging inside an ascending price channel since mid-August, and it recently found resistance at the upper angle of this price channel.

On Monday, SOL surged higher from 26,850 SAT as it started to soar. By Wednesday, the cryptocurrency was already testing the upper angle of the price channel. It spiked above the channel yesterday to set the new ATH but could not close above it.

Looking ahead, the first support lies at 37,380 SAT (.236 Fib). This is followed by 35,000 SAT (lower angle of price channel), 31,560 (.382 FIb), and 30,000.

On the other side, the first resistance lies at 43,000 SAT (1.618 Fib Extension & upper angle of the channel). This is followed by 45,000 SAT, 46,980 SAT (1.618 Fib Extension – purple), and 50,000 SAT.

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SOL/BTC Daily Chart. Source: TradingView.

MATIC

MATIC is down by a small 5% over the past week of trading. The coin surge over the weekend to break the August high and meet resistance at $1.75 (bearish .618 Fib). It couldn’t overcome this resistance and rolled over from there on Sunday.

During the Tuesday market collapse, MATIC slipped as low as $1.10. It recovered by the end of the day to close the daily candle at the 50-day MA. It is now sitting above an ascending trend line and is using it as support.

Looking ahead, if the bears push beneath the trend line, the first support lies at $1.30 (.382 Fib). This is followed by $1.23 (100-day MA), $1.17 (.5 Fib), $1.05 (.618 Fib), and $1 (200-day MA).

On the other side, the first resistance lies at $1.40 (20-day MA). This is followed by $1.60, $1.75 (bearish .618 Fib), $2.00, and $2.05 (bearish .786 Fib).

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MATIC/USD Daily Chart. Source: TradingView.

MATIC is also above an ascending trend line against BTC as it uses support at 2865 SAT (.5 Fib) as support. The coin surged from beneath 3000 SAT on Saturday to reach resistance at 3630 SAT (bearish .382 Fib) on Sunday.

It rolled over from there and started to head lower throughout the week. On Tuesday, MATIC spiked as low as 2500 SAT but managed to recover by the end of the day to close the candle at 2865 SAT (.5 Fib & 100-day MA).

It is now using the ascending price channel as support.

Looking ahead, the first resistance lies at 3000 SAT (50-day MA). This is followed by 3200 SAT, 3500 SAT, 3630 SAT (bearish .382 Fib), 3865 SAT (1.272 Fib Extension), and 4000 SAT.

On the other side, the first support lies at 2865 SAT (.5 Fib). This is followed by 2685 SAT (.618 Fib), 2500 SAT, 2400 SAT (200-day MA), and 2300 SAT.

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MATIC/BTC Daily Chart. Source: TradingView.

Ethereum Price Analysis: Here Are the Next Critical Levels to Watch for ETH After the Crash

ETH/USD – Ether Falls Beneath 20-day MA

Key Support Levels: $3350, $3185, $3000.
Key Resistance Levels: $3600, $3790, $3875.

Ethereum suffered a very sharp price crash over the past 24 hours. Yesterday, the coin lost as much as 23% from a high of $3946 to reach as low as $3025. However, the market recovered slightly by the end of the day to close at the 20-day MA.

Today, ETH slipped a little, which put the price beneath the 20-day MA. Yesterday’s price drop was quite extreme, and it is unlikely that a quick recovery would take place to take ETH back toward $4000.

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ETH/USD Daily Chart. Source: TradingView.

ETH-USD Short Term Price Prediction

Looking ahead, if the sellers continue to push lower, the first support lies at $3350 (August resistance). This is followed by $3185 (.786 Fib), $3000 (50-day MA), and $2890.

On the other side, the first resistance lies at the 20-day MA. Above this, resistance lies at $3600, $3790 (bearish .786 Fib), $3875 (1.272 Fib Extension), and $4060 (1.414 Fib Extension – blue).

As expected, the RSI has tumbled into the midline as indecision is now present within the market. If the RSI continues beneath the midline, the bears will take control of the momentum and will likely push ETH lower.

ETH/BTC – Bulls Attempt To Defend .382 Fib

Key Support Levels: 0.0733 BTC, 0.072 BTC, 0.07 BTC.
Key Resistance Levels: 0.0765 BTC, 0.0785 BTC, 0.08 BTC.

ETH also saw a drastic fall against BTC yesterday as the coin fell as low as 0.07 BTC. The coin had been falling since it rolled over from the 0.079 BTC resistance over the weekend.

After hitting yesterday’s low, the buyers quickly regrouped and pushed the market higher to close the daily candle at 0.0733 BTC (.382 Fib), where it currently sits.

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ETH/BTC Daily Chart. Source: TradingView.

ETH-BTC Short Term Price Prediction

Moving forward, if the sellers continue beneath 0.0733 BTC, the first support lies at 0.072 BTC. This is followed by 0.07 BTC (20-day MA & .618 Fib), 0.0691 BTC, 0.0678 BTC (.786 Fib & 50-day MA).

On the other side, the first resistance lies at 0.0765 BTC (beraish .786 Fib). This is followed by resistance at 0.0785 BTC, 0.08 BTC, and 0.082 BTC (1.272 Fib Extension).

The RSI is heading lower but is still in the buyers’ favor as it sits above the midline. If the RSI can remain above the midline, ETH might develop a run against BTC.

Ripple Price Analysis: XRP Dipped Below $1, Bulls Looking to Consolidate

XRP/USD – XRP Spikes As Low As $0.928

Key Support Levels: $1.05, $1.00, $0.92 – $0.9.
Key Resistance Levels: $1.20, $1.25, $1.36.

XRP was trading inside an ascending price channel since breaking the symmetrical triangle pattern at the end of July. The price channel allowed XRP to break the August high at $1.36 this week and reach $1.40.

Unfortunately, the steep market sell-off yesterday caused XRP to fall beneath the ascending price channel. XRP collapsed by a total of 33% yesterday, causing the coin to spike beneath $1 and reach as low as $0.928 (.618 Fib). It has since rebounded from there to climb back above $1 and reach $1.10.

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XRP/USD Daily Chart. Source: TradingView.

XRP-USD Short Term Price Prediction

Looking ahead, the first resistance lies at $1.20 (20-day MA). This is followed by $1.25 (Feb 2018 highs), $1.36 (August highs), and $1.40.

On the other side, the first support lies at $1.05. This is followed by $1.00 (50-day MA), $0.92 – $0.9 (.618 Fib & 200-day MA), and $0.8282 (2020 high).

The RSI recently fell beneath the midline, indicating that the sellers are taking over the market momentum.

XRP/BTC – XRP Falls Beneath 20-day MA.

Key Support Levels: 2290 SAT, 2200 SAT, 2155 SAT.
Key Resistance Levels: 2455 SAT, 2670 SAT, 2800 sAT>

Against BTC, XRP spiked as high as 2700 SAT on Monday but went on to collapse yesterday during the market sell-off. XRP dropped beneath the 20-day MA and fell as low as 2200 SAT (50 day-MA).

The bulls regrouped by the end of the day to close the candle at 2400 SAT. It has since dropped slightly and trades at 2350 SAT.

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XRP/BTC Daily Chart. Source: TradingView.

XRP-BTC Short Term Price Prediction

Looking ahead, the first support lies at 2290 SAT (.382 Fib). This is followed by 2200 SAT (50-day MA), 2155 SAT (.5 Fib & 100-day MA), and 2000 SAT (.618 Fib & 200-day MA).

On the other side, the first resistance lies at 2455 SAT (20-day MA). This is followed by 2670 SAT (bearish .5 Fib), 2800 SAT, 2915 SAT (Bearish .618 Fib), and 3000 SAT.

Again, the RSI is starting to poke beneath the midline, indicating that the sellers are starting to take control of the market momentum again.

Cardano Price Analysis: ADA Crashed 10% Daily Following Failure to Overcome $3

ADA/USD – ADA Spikes Lower Into .382 Fib

Key Support Levels: $2.50, $2.26, $2.00.
Key Resistance Levels: $2.76, $3.00, $3.20.

ADA has been battling the $3.00 resistance level since the end of August. The coin was trading inside an ascending price channel throughout the entire month, which allowed it to surge above the $3 level.

In September, ADA fell beneath the price channel after failing to overcome $3 after multiple attempts over the weekend. Yesterday, it fell into the support at $2.75 (20-day MA & .236 Fib). It continued to spike further lower today as it reached as low as $2.50 (.382 Fib) for a 10% daily crash.

It has bounced slightly from there as it trades above $2.60, but the recent pullback should have been expected after the market was rejected at $3 on numerous attempts.

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ADA/USD Daily Chart. Source: TradingView.

ADA-USD Short Term Price Prediction

Looking ahead, the first support lies at $2.50 (.382 Fib). This is followed by $2.26 (.5 Fib), $2.00 (.618 Fib & 50-day MA), and $1.80 (100-day MA).

On the other side, the first resistance lies at $2.75 (20-day MA). This is followed by the resistance at $3, $3.20 (1.414 Fib Extension), $3.42 (1.272 Fib Extension), and $3.66 (1.414 Fib Extension – purple).

The RSI has been showing hidden bearish divergence over the past week and recently started to head lower, indicating that the previous bullish momentum was losing steam. It is now near the midline, which shows there is indecision within the market.

ADA/BTC – Bulls Fall Into June Highs

Key Support Levels: 5080 SAT, 4890 SAT, 4712 SAT.
Key Resistance Levels: 5550 SAT, 6000 SAT, 6200 SAT.

ADA also rolled over last week at 6000 SAT after failing to break above the resistance after multiple attempts. Yesterday, ADA dropped beneath the 20-day MA at around 5550 SAT and continued to fall beneath 5500 SAT.

Today, ADA continued to slide against BTC as it dropped as low as 4890 SAT (June 2021 high). It has since bounced from this support as it trades near 5200 SAT.

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ADA/BTC Daily Chart. Source: TradingView.

ADA-BTC Short Term Price Prediction

Moving forward, the first support lies at 5080 SAT (.382 Fib). This is followed by 4890 SAT (June high), 4712 SAT (.5 Fib), and 4500 SAT (50-day MA).

On the other side, the first resistance lies at 5550 SAT (20-day MA). This is followed by the strong resistance at 6000 SAT, 6200 SAT (1.414 Fib Extension), and 6500 SAT.

The RSI recently dipped beneath the midline, suggesting that the bears might be attempting to take control of the market momentum.

Ripple Price Analysis: XRP Pokes $1.40 As Bulls Manage a 6% Daily Increase

XRP/USD – XRP Breaks August Highs

Key Support Levels: $1.36, $1.25, $1.20.
Key Resistance Levels: $1.40, $1.50, $1.54.

XRP has finally broken the August high at $1.36 today after spiking as high as $1.40. The coin reached $1.36 (1.618 Fib Extension) during mid-August and started to trend lower from there inside a symmetrical triangle.

The triangle was finally broken at the start of September as XRP started to surge inside an ascending price channel. XRP found support at $1.25 (Feb 2018 high) over the weekend and rebounded from there yesterday to break $1.30. It continued higher today to break the August high.

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XRP/USD Daily Chart. Source: TradingView.

XRP-USD Short Term Price Prediction

Looking ahead, the first resistance lies at $1.40. This is followed by $1.50 (bearish .786 Fib), $1.54 (1.414 Fib Extension), $1.62 (bearish .886 Fib), and $1.72 (1.414 Fib Extension).

On the other side, the first support lies at $1.36. This is followed by $1.25, $1.20 (20-day MA), $1.10 (.382 Fib), and $1.00.

The RSI is starting to head higher again, indicating increasing bullish momentum.

XRP/BTC – XRP Breaks September 2600 SAT Resistance

Key Support Levels: 2600 SAT, 2455 SAT, 2400 SAT.
Key Resistance Levels: 2670 SAT, 2730 SAT, 2915 SAT.

Against BTC, XRP broke the September resistance at 2600 SAT today as it reached as high as 2670 SAT. The coin moved above a descending wedge formation at the end of August and it surged higher to reclaim ground above the 20-day MA.

In the first week of September, XRP struggled to break 2600 SAT. Today’s price hike finally pushed XRP above the resistance as it makes a new high for the month.

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XRP/BTC Daily Chart. Source: TradingView.

XRP-BTC Short Term Price Prediction

Looking ahead, the first resistance lies at 2670 SAT (bearish .786 Fib). This is followed by 2730 SAT (1.618 Fib Extension), 2915 SAT (bearish .618 Fib), and 3000 SAT.

On the other side, the first support lies at 2600 SAT. This is followed by 2455 SAT (.236 Fib & 20-day MA), 2400 SAT, 2290 SAT (.382 Fib), and 2155 SAT (.5 Fib & 100-day MA).

Again, the RSI is rising, which also indicates increasing momentum.

Ethereum Price Analysis: ETH Charts 22% Weekly Gains as Bulls Regroup for Another Attempt at $4K

ETH/USD – Ether Edges Closer To $4000 Resistance.

Key Support Levels: $3800, $3615, $3490.
Key Resistance Levels: $3975 – $4000, $4060, $4200.

Ethereum broke the previous symmetrical triangle pattern consolidation on the final day of August and had been surging aggressively ever since. On Friday, ETH surged higher from $3790 (bearish .786 Fib) and climbed into the resistance at $3975 (1.272 Fib Extension).

The coin made two attempts to break this resistance over the weekend and failed on both occasions. It made another attempt today but has since rolled over and is trading at around $3900.

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ETH/USD Daily Chart. Source: TradingView.

ETH-USD Short Term Price Prediction

Looking ahead, the first strong resistance lies between $3975 and $4000. Beyond $4000, additional resistance lies at $4060 (1.414 Fib Extension), $4200 (1.414 Fib Extension – orange), and $4400 (1.618 Fib Extension – blue).

On the other side, the first support lies at $3800. This is followed by $3615 (.382 Fib), $3490 (.5 Fib), $3400 (20-day MA), and $3350. Added support is located at $3185 (.786 Fib).

The RSI is starting to diverge away from price action as it heads lower. Nevertheless, the momentum is strongly in the buyers’ favor.

ETH/BTC – ETH Battles To Hold .236 Fib

Key Support Levels: 0.0750 BTC, 0.0735 BTC, 0.072 BTC.
Key Resistance Levels: 0.0765 BTC, 0.0785 BTC, 0.08 BTC.

ETH broke a descending price channel at the end of August and surged higher. At the start of September, ETH reached as high as 0.0785 BTC. On Friday, the cryptocurrency reached as high as 0.079 BTC but rolled over from there and started to head lower over the weekend.

Today, ETH is battling to hold the support at 0.0759 BTC, provided by a .236 Fib Retracement.

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ETH/BTC Daily Chart. Source: TradingView.

ETH-BTC Short Term Price Prediction

Moving forward, if the bears break beneath 0.0759 BTC, the first support below lies at 0.0735 BTC (August high & .382 Fib). This is followed by 0.072 BTC, 0.07 (.618 Fib & 20-day MA), and 0.0691 BTC.

On the other side, the first resistance lies at 0.0765 BTC (bearish .786 Fib). This is followed by 0.0785 BTC, 0.08 BTC, and 0.082 BTC (1.272 Fib Extension).

The RSI has been falling since the start of the month as the previous bullish momentum starts to fall. However, the momentum remains in the buyers’ favor.

Crypto Price Analysis & Overview September 3rd: Ethereum, Ripple, Cardano, Solana, & Polkadot

Ethereum

Ethereum is up by a very solid 27% over the past week of trading as the cryptocurrency makes its way back to the $4000 level. The cryptocurrency was trading inside an ascending triangle pattern since hitting resistance at $3350 (bearish .618 Fib) earlier in August.

On Tuesday, ETH finally surged beyond $3350 to reach $3400. It continued higher throughout the week and continued to surge today to reach the current $3975 resistance (1.272 Fib Extension).

Looking ahead, the first strong resistance lies at $4000. This is followed by $4060 (1.414 Fib Extension – blue), $4200 (1.414 Fib Extension – orange), and $4400 (1.618 Fib Extension – blue). Added resistance lies at $4535 (1.618 Fib Extension – orange) and $4600.

On the other side, the first support lies at $3800. This is followed by $3740 (.236 Fib), $3590 (.382 Fib), $3470 (.5 Fib0, and $3350 (20-day MA).

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ETH/USD Daily Chart. Source: TradingView.

ETH is also performing well against BTC this week as it hits three-month highs at around 0.0785 BTC. The coin was trading inside a descending price channel since mid-August when it failed to break 0.07 BTC.

On Monday, ETH finally broke above this channel and started to climb beyond the 20-day MA. By Wednesday, ETH had reached as high as 0.0785 BTC to set the new three-month high. It has since dropped from the weekly high but is doing well to hold support around 0.0765 BTC.

Looking ahead, once the bulls break 0.0785 BTC, the first resistance lies at 0.08 BTC. This is followed by 0.082 BTC (May highs), 0.0839 BTC (1.414 Fib Extension), 0.0865 BTC (1.618 Fib Extension), and 0.088 BTC.

On the other side, the first support lies at 0.0765 BTC. This is followed by 0.0752 BTC (.236 Fib), 0.0733 BTC (August highs), 0.072 BTC, 0.07 BTC (.618 Fib).

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ETH/BTC Daily Chart. Source: TradingView.

Ripple

XRP is up by a respectable 17% this week as the cryptocurrency breaks back above the 2018 highs at $1.25. The coin was trading inside a symmetrical triangle pattern throughout the second half of August and broke toward the upside of this triangle on Tuesday.

Since breaking the triangle, XRp started to push higher to meet the current $1.28 resistance (beraish .618 Fib) and is still beneath the August highs of $1.36 (1.618 Fib Extension).

Looking ahead, if the buyers break $1.30, the first resistance lies at $1.36. This is followed by resistance at $1.50 (bearish .786 Fib), $1.55 (1.414 Fib Extension), $1.62 (bearish .886 Fib), and $1.72.

On the other side, the first support lies at $1.25 (Feb 2018 highs). This is followed by $1.20 (20-day MA), $1.10 (.382 Fib), $1.00, and $0.928 (.618 Fib & 50-day MA).

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XRP/USD Daily Chart. Source: TradingView.

XRP is pushing higher against BTC this week as it breaks above the 20-day MA at around 2500 SAT. The cryptocurrency was trading in a descending wedge formation but found support at 2290 SAT (.382 Fib) toward the end of August.

On Tuesday, XRP surged above the descending wedge and surged beyond the 20-day MA. XRP managed to hit 2600 SAT so far during the week but is struggling to push beyond this level.

Looking ahead, the first resistance lies at 2600 SAT. This is followed by 2730 SAT (1.618 Fib Extension), 2800 SAT, 2915 SAT (bearish .618 Fib), and 3000 SAT.

On the other side, the first support lies at 2500 SAT (20-day MA). This is followed by 2290 SAT (.382 Fib)m 2150 SAT (.5 Fib & 100-day MA), and 2000 SAT.

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XRP/BTC Daily Chart. Source: TradingView.

Cardano

ADA is up by a total of 15.6% this week as the coin set a new ATH price at $3.16. The cryptocurrency has been trading inside an ascending broadening wedge since the first week of August, which allowed the coin to reach as high as $2.95.

This week, ADA found support at $2.75 and bounced from the lower boundary of the wedge on Wednesday. Yesterday, it spiked above $3.00 to set the new ATH but failed to close beyond $3.00. Today, ADA still sits beneath $3.00 as the buyers battle to gain support above the level.

Looking ahead, if the bulls break $3, the first strong resistance lies at $3.20. This is followed by $3.42 (1.272 Fib Extension – purple), $3.66 (1.414 Fib Extension – purple), $3.85 (1.414 Fib Extension – blue), and $4.00.

On the other side, the first support lies at $2.90 (lower angle of the wedge). This is followed by $2.5 (.236 Fib), $2.60 (20-day MA), $2.50 (.382 Fib), and $2.25 (.5 Fib).

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ADA/USD Daily Chart. Source: TradingView.

ADA is performing well against BTC but continues to struggle to close above the 6000 SAT resistance. It reached this resistance for the first time earlier in August and has struggled to close a daily candle above it after making numerous attempts.

Yesterday, ADA did spike above 6000 SAT but failed again to close above it. It also closed beneath the ascending price channel it was trading within – but a break above 6000 SAT would allow the bull swing to continue.

Looking ahead, the first resistance lies at 6000 SAT. This is followed by 6300 SAT (1.272 Fib Extension), 6540 SAT (1.414 Fib Extension), 6760 SAT (1.618 Fib Extension), and 7000 SAT.

On the other side, the first support lies at 5500 SAT (.236 Fib & 20-day MA). This is followed by 5100 SAT .382 Fib), 5000 SAT, and 4710 SAT (.5 Fib).

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ADA/BTC Daily Chart. Source: TradingView.

Solana

SOL saw a stunning 84% price hike this week as the cryptocurrency set a new ATH price around $145. SOL has been trading inside a steep ascending price channel since mid-August and has climbed higher within its boundaries ever since.

On Monday, SOL broke beyond the $100 level as it reached $110. The resistance at $110 was cleared yesterday as SOL hit $128 (1.414 Fib Extension). Today, SOL continued to climb to reach the $145 resistance (1.618 Fib Extension).

Looking ahead, the first resistance above $145 lies at $150. This is followed by $170 (1.272 Fib Extension), $180 (1.414 Fib Extension), $190, and $200.

On the other side, the first support lies at $128, This is followed by $117 (.236 Fib), $110, $100 (.382 Fib), $90, and $85 (.5 Fib & 20-day MA).

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SOL/USD Daily Chart. Source: TradingView.

SOL also continues to perform well against BTC as it nearly hits 0.003 BTC this week. It had rebounded from 0.0014 BTC at the end of August to meet 0.0022 BTC at the start of September.

The cryptocurrency surged from 0.0024 BTC yesterday to meet 0.0026 BTC. It continued further today to break 0.0026 BTC and reach almost as high as 0.003 BTC.

Looking ahead, the first resistance lies at 0.00282 BTC (1.618 Fib Extension). This is followed by 0.003 BTC, 0.0032 BTC, 0.00338 BTC (1.272 Fib Extension), and 0.0036 BTC (1.414 Fib Extension).

On the other side, the first support lies at 0.0026 BTC. This is followed by 0.00241 BTC (.236 Fib), 0.0022 BTC, 0.002 BTC, and 0.00181 BTC (.5 Fib & 20-day MA).

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SOL/BTC Daily Chart. Source: TradingView.

Polkadot

DOT is up by a strong 35% over the past week of trading as the coin breaks above $30. It was trading at around $25 on Monday but went on to surge above the 200-day MA at $27.50 on Tuesday and reached as high as $32.61 (1.272 Fib Extension).

DOT has climbed higher from here but is struggling to gain ground above $34.

The first resistance above $34 lies at $35.30 (bearish .618 Fib). This is followed by $38.66 (1.618 Fib Extension), $40, $42.10 (bearish .786 Fib), and $46.12 (bearish .886 Fib).

On the other side, the first support lies at $30. This is followed by $28.85 (.236 Fib), $27.50 (200-day MA), $25.30 (.382 Fib), and $22.45 (.5 Fib).

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DOT/USD Daily Chart. Source: TradingView.

DOT is also performing very well against BTC as it trades around 0.00065 BTC. The coin is trading inside an ascending price channel and used the support of the lower boundary, around 0.0005 BTC, to rebound from at the start of the week.

By Wednesday, DOT reached resistance at 0.000686 BTC (bearish .5 Fib & upper boundary of the price channel). It has since dropped from there but is holding support at 0.0006375 BTC (.236 Fib).

Looking ahead, the first resistance lies at 0.000686 BTC (bearish .5 Fib). This is followed by 0.0007 BTC, 0.000764 BTC (bearish .618 Fib), 0.0008 BTC, and 0.0008600 BTC (1.618 Fib Extension).

On the other side, the first support lies at 0.0006375 BTC (.236 Fib). This is followed by 0.0006 BTC (2020 high), 0.0005675 BTC (.5 Fib), 0.00055 BTC (April lows), and 0.0005 BTC (100-day MA).

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DOT/BTC Daily Chart. Source: TradingView.

Ethereum Price Analysis: ETH Eyes $3,800 Following a 17% Weekly Surge

ETH/USD – Ether Explodes After Triangle Breakout

Key Support Levels: $3640, $3510, $3400.
Key Resistance Levels: $3825, $4000, $4060.

Ethereum penetrated the consolidation pattern this week, which was in play since mid-August when the coin failed to break resistance at $3350. This resulted in it forming a symmetrical triangle pattern for the second half of August and gaining about 17% in a week.

On Tuesday, ETH bounced from the 20-day MA and broke above the symmetrical triangle. It then continued to break the August resistance at $3350 (bearish .618 Fib) to climb above $3400.

It went higher yesterday as it surged from $3400 to reach higher $3825 (1.272 Fib Extension). It has since dropped from the high and is trading around $3765.

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ETH/USD Daily Chart. Source: TradingView.

ETH-USD Short Term Price Prediction

Looking ahead, if the bulls break $3825 (1.272 Fib Extension), the first resistance lies at $4000. This is followed by $4060 (1.414 Fib Extension), $4200 (1.414 Fib Extension – orange), $4280 (1.618 Fib Extension – purple), and $4400.

On the other side, the first support lies at $3640 (.236 Fib). This is followed by $3510 (.382 Fib), $3400 (.5 Fib), and $3300 (20-day MA).

The RSI is now also rising as the bullish momentum increases.

ETH/BTC – ETH Hits Three Month High

Key Support Levels: 0.0733 BTC, 0.07 BTC, 0.0677 BTC.
Key Resistance Levels: 0.0765 BTC, 0.0785 BTC, 0.08 BTC.

ETH continues to outperform BTC as it broke the August highs at 0.0733 BTC yesterday. The cryptocurrency made it above a descending price channel on Monday as it climbed to 0.068 BTC.

On Tuesday, ETH goes beyond 0.07 BTC as it surged past resistance at 0.072 BTC (bearish .618 Fib). Yesterday, ETH carried on climbing to break the August high as it continued to 0.0765 BTC (Bearish .786 Fib) and reach as high as 0.0785 BTC. It has since dropped to 0.0751 BTC.

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ETH/BTC Daily Chart. Source: TradingView.

ETH-BTC Short Term Price Prediction

Moving forward, the first resistance now lies at 0.0765 BTC (bearish .786 Fib). This is followed by 0.0785 BTC, 0.08 BTC, and 0.082 BTC (May highs).

On the other side, the first support lies at 0.0733 BTC (August highs). This is followed by 0.07 BTC (.618 Fib), 0.0677 BTC (.786 Fib), and 0.065 BTC (100-day & 50-day MA).

The RSI spiked higher over the past few days but is still not yet extremely overbought, indicating the buyers still have room to push further.

Ethereum Price Analysis: ETH Surges 8% Daily to Paint Fresh August Highs

ETH/USD – Ether Finally Breaks August Resistance

Key Support Levels: $3350, $3200, $3000.
Key Resistance Levels: $3540, $3600, $3700.

Ethereum has been trapped inside a consolidation period since it established resistance at $3350 during mid-August. The cryptocurrency failed to overcome the resistance provided by a bearish .618 Fib Retracement and ended up forming a symmetrical triangle from there.

ETH had been trading inside this triangle pattern for the past fortnight as it dipped as low as $3000. It finally managed to break the consolidation today as it surged above the $3350 August resistance and passed $3400.

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ETH/USD Daily Chart. Source: TradingView.

ETH-USD Short Term Price Prediction

Looking ahead, the first resistance now lies at $3540 (1.618 Fib Extension). This is followed by $3600, $3700 (1.414 Fib Extension – blue), and $3790 (bearish .786 Fib).

On the other side, the first support lies at $3350. This is followed by $3200 (20-day MA), $3000 (.236 Fib Retracement), $2890, and $2740 (50-day MA).

The RSI rebounded from the midline last week and is now heading higher again as the momentum starts to pick up.

ETH/BTC – ETH Breaks Descending Price Channel

Key Support Levels: 0.07 BTC, 0.0691 BTC, 0.068 BTC.
Key Resistance Levels: 0.072 BTC, 0.0733 BTC, 0.0754 BTC.

ETH is also performing well against BTC as it looks to head back toward the August highs of 0.0733 BTC. Since mid-August, ETH failed to break beyond 0.07 BTC and established a descending price channel.

The price channel saw ETH falling as low as 0.0651 BTC, where it found support at the 100-day MA and a .5 Fib. Yesterday, ETH finally broke above the falling price channel, ending the short-term downtrend. It continued further today to break 0.07 BTC and approached the 0.072 BTC (bearish .618 Fib) resistance.

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ETH/BTC Daily Chart. Source: TradingView.

ETH-BTC Short Term Price Prediction

Moving forward, the first resistance lies at 0.072 BTC (bearish .618 Fib). This is followed by 0.0733 BTC, 0.0754 BTC (1.272 Fib Extension), 0.0765 BTC (bearish .786 Fib), and 0.08 BTC.

On the other side, the first support now lies at 0.07 BTC. This is followed by 0.0691 BTC (July highs), 0.068 BTC (20-day MA), and 0.066 BTC.

Likewise, the RSI rebounded from the midline today, indicating the buyers remain in control of the market momentum and the bullish momentum is increasing again.

Cardano Price Analysis: ADA Bounces Amid Critical Support, Is $3 Retest Incoming?

ADA/USD – ADA Bounces From Ascending Price Channel Support

Key Support Levels: $2.95 – $3, $3.20, $3.42.
Key Resistance Levels: $2.72, $2.58, $2.50.

ADA has been trading inside an ascending price channel for the entire period of August. The cryptocurrency recently hit resistance at $2.95, provided by a 1.272 Fib Extension, and rolled over from there over the weekend.

Cardano’s price found support at the lower boundary of the ascending price channel and has since rebounded back above $2.80. The resistance near $3 will be the next crucial level for the market to break to be able to continue the bull run.

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ADA/USD Daily Chart. Source: TradingView.

ADA-USD Short Term Price Prediction

Looking ahead, the first support lies between $2.95 (1.272 Fib extension) and $3. Beyond $3, added resistance lies at $3.20 (1.414 Fib Extension), $3.42 (1.272 Fib Extension – purple), $3.66 (1.414 Fib Extension – purple), and $3.80.

On the other side, the first support lies at the lower angle of the price channel, around $2.72. This is followed by $2.58 (.236 Fib), $2.50 (20-day MA), $2.35 (.382 Fib), and $2.15 (.5 Fib).

The RSI is heading lower, indicating the bullish momentum is fading a little. However, it still remains strong in the bullish favor as it sits above the midline.

ADA/BTC – Bulls Set Target For 6000 SAT ATH Price

Key Support Levels: 5800 SAT, 5360 SAT, 5200 SAT.
Key Resistance Levels: 6000 SAT, 6200 SAT, 6300 SAT.

ADA continues to trade inside its own ascending price channel against BTC. The cryptocurrency reached as high as 6000 SAT last week as it set a new ATH price there.

Over the weekend, ADA pulled back from the 6000 SAT resistance but managed to maintain the support at 5800 SAT. Today, it bounced higher from the 5800 SAT support and pushed higher from the lower angle of the price channel. The 6000 SAT resistance is the next target to break to continue the bull run.

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ADA/BTC Daily Chart. Source: TradingView.

ADA-BTC Short Term Price Prediction

Moving forward, if the buyers break 6000 SAT, the first resistance lies at 6200 SAT (1.414 Fib Extension – green). This is followed by 6300 SAT (1.272 Fib Extension), 6540 SAT (1.414 Fib Extension), and 6560 SAT (1.618 Fib Extension – green).

On the other side, the first support lies at 5800 SAT. Beneath the price channel, support lies at 5360 SAT (.236 Fib), 5200 SAT (20-day MA), and 5000 SAT (.382 Fib).

Again, the RSI remains above the midline as the buyers control the market momentum completely.

Ripple Price Analysis: XRP Loses 9% in a Week But a Big Move Could be Ahead

XRP/USD – XRP Falls Beneath 20-day MA and Forms Triangle.

Key Support Levels: $1.10, $1.05, $0.92.
Key Resistance Levels: $1.25, $1.28, $1.36.

XRP failed to break $1.27 (bearish .618 Fib) last week on the third attempt to overcome the level. As a result, the coin started to fall throughout the week until support was found on Thursday at around $1.05, provided by the lower angle of the triangle.

It rebounded from there over the weekend but could not break the upper angle of the triangle at around $1.20. As a result, XRP fell beneath the 20-day MA today as it heads lower. The apex of the triangle is quickly approaching, and a breakout in any direction can still be expected.

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XRP/USD Daily Chart. Source: TradingView.

XRP-USD Short Term Price Prediction

Looking ahead, the first support lies at $1.10 (.382 Fib & lower angle of the triangle). This is followed by $1.05, $1.00, and $0.928 (.618 Fib).

On the other side, the first resistance lies at $1.15 (20-day MA & upper angle of triangle). This is followed by $1.27 (bearish .618 Fib), $1.36 (1.618 Fib Extension), $1.49 (bearish .786 Fib), and $1.61 (bearish .886 Fib).

The RSI is heading lower but still remains above the midline, indicating weak bullish momentum within the market. A break beneath the midline could send XRP beneath the triangle and back toward $1.

XRP/BTC – XRP Continues To Trade Inside Descending Wedge

Key Support Levels: 2290 SAT, 2150 SAT, 2000 SAT.
Key Resistance Levels: 2455 SAT, 2500 SAT, 2670 SAT.

Against BTC, XRP has been trading inside a descending wedge pattern since hitting resistance at 2730 SAT earlier in the month. Last week, the coin found support at 2290 SAT (.382 Fib Retracement) and rebounded from there on Friday.

Over the weekend, XRP failed to overcome the upper angle of the wedge and started to head lower. It is attempting to hold the support around 2300 SAT as the buyers look for a breakout toward the upside of the wedge.

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XRP/BTC Daily Chart. Source: TradingView.

XRP-BTC Short Term Price Prediction

Looking ahead, the first support lies at 2290 SAT (.382 Fib). This is followed by 2156 SAT (.5 Fib & 100-day MA), 2000 SAT (.618 Fib), and 1900 SAT (200-day MA).

On the other side, the first resistance lies at the upper angle of the wedge. This is followed by 2455 SAT (20-day MA), 2500 SAT, 2670 SAT (bearish .5 Fib), and 2730 SAT.

The RSI is also trading along the midline here, indicating indecision within the market.

Ethereum Price Analysis: ETH Remains Flat, Attempts a Breakout Against Bitcoin

ETH/USD – Ether Forms Symmetrical Triangle

Key Support Levels: $3150, $2985, $2890.
Key Resistance Levels: $3350, $3540, $3700.

Since surging from $1800 at the end of July to meet resistance at $3350 in the first half of August, Ethereum has been consolidating inside a symmetrical triangle pattern. It has made over four attempts to break the $3350 resistance, provided by a bearish .618 Fib, and failed on each attempt.

Recently, ETH has been using the 20-day MA as support as it battles to remain above it as it consolidates in the triangle.

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ETH/USD Daily Chart. Source: TradingView.

ETH-USD Short Term Price Prediction

Looking ahead, the first support lies at $3150 (lower angle of the triangle). This is followed by support at $2985 (.236 Fib), $2890, $2740 (.382 Fib), and $2545 (.5 Fib).

On the other side, the first resistance lies at the upper angle of the triangle. This is closely followed by the resistance at $3350 (bearish .618 Fib). Above this, added resistance lies at $3540 (1.618 Fib Extension) and $3700.

The RSI is making lower lows and is showing hints of bearish divergence, indicating a retracement could be imminent.

ETH/BTC – ETH Attempts To Break Descending Price Channel

Key Support Levels: 0.066 BTC, 0.0651 BTC, 0.0632 BTC.
Key Resistance Levels: 0.0673 BTC, 0.0691 BTC, 0.07 BTC.

ETH has been trading inside a descending price channel since failing to break the resistance at 0.07 BTC toward the middle of August. The coin found solid support at the 100-day MA and the 0.05 Fib at 0.065 BTC last week and has since rebounded.

Over the past five days, ETH managed to hold above 0.066 BTC and is now attempting to break the upper angle of the price channel today.

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ETH/BTC Daily Chart. Source: TradingView.

ETH-BTC Short Term Price Prediction

Moving forward, the first resistance lies at 0.0673 BTC (20-day MA). This is followed by 0.0691 BTC, 0.07 BTC, 0.072 BTC (bearish .618 Fib), and 0.0733 BTC (August high).

On the other side, the first support lies at 0.066 BTC. This is followed by 0.0651 BTC (.5 Fib & 100-day MA), 0.0632 BTC (.618 Fib), and 0.062 BTC.

The RSI is now trading along the midline, indicating that there is indecision within the market. To continue higher above the price channel, the RSI must rise beyond the midline to indicate increased bullish momentum.

Price Analysis Overview August 27: Bitcoin, Ethereum, Ripple, Cardano & Solana

Bitcoin (BTC)

Bitcoin is up a small 1% this week after getting rejected trying to breach above the $50,000 mark on Monday. The current high since May now lies at $50,500. Unfortunately, BTC was unable to sustain this level and ended up closing the daily candle beneath $50K.

Following the rejection, BTC headed sharply lower: Yesterday it fell back beneath $47,800, recording its weekly low amid $46.3k, however, the bitcoin price managed to close the day on top of the crucial 20-day MA (~$46.9k) – the first bullish sign for a possible reversal.

Today, BTC bounced from the support at the lower angle of the wedge and is attempting to push higher as of writing these lines. The cryptocurrency is now trading inside an ascending wedge formation, whereas the 3-month high resistance at $50,500 was provided by the upper angle of the wedge.

The 4-hour chart gives a clearer perspective of how the wedge pattern is currently being played out.

Looking ahead, the first critical level lies around $47,800 (bearish .618 Fib). This is followed by $49,400 (1.272 Fib Extension), $50,000, $50,740 (1.414 Fib Extension & upper angle of the wedge), and $52,000. Further resistance lies at $53,000 (bearish .786 Fib), and $54,210 (1.272 Fib Extension).

On the other side, the first support lies at the lower angle of the wedge. This is followed by $46,000 (200-day ma and this week’s low), $45,450 (.382 Fib), $44,750 (Feb 2021 support), and $43,870 (.5 Fib).

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BTC/USD Daily Chart. Source: TradingView.
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BTC/USD 4-Hour Chart. Source: TradingView.

Ethereum (ETH)

Ethereum saw a sluggish week, but after all, ETH is up 1% on the weekly – just as BTC. The second-largest coin bounced from support at $3,000 last Thursday and pushed higher at the start of this week to meet the resistance at $3350 (bearish .618 Fib).

ETH could not overcome this resistance and started to decline after BTC got rejected by the $50k mark. Initially, Ether was holding the support at the 20-day MA at $3180 but eventually dropped beneath this key level yesterday to reach a closing price of $3056.

Together with the sentiment, ETH has since bounced from this support and is now trading above $3200.

Looking ahead, the first major resistance lies at $3350 (bearish .618 Fib). This is followed by $3540 (1.618 Fib Extension), $3600, $3700 (1.414 Fib Extnesion – blue), $3790 (Bearish .786 Fib), and $3880 (1.618 Fib Extension – blue).

On the other side, the first support lies at $3180 (20-day MA). This is followed by $3060, $3000 (.236 Fib), $2890, and $2740 (.382 Fib).

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ETH/USD Daily Chart. Source: TradingView.

 

Against Bitcoin, ETH/BTC is trading inside a descending price channel. The price channel was formed when ETH fell beneath a symmetrical triangle pattern earlier in the month, and immediately caused ETH to drop as low as 0.0651 BTC (.5 Fib & 100-day MA) during the past week.

Today, ETH rebounded from support at 0.066 BTC and is now attempting to close above the price channel, as recovery continues.

Looking ahead, the first resistance lies at 0.068 BTC (20-day MA). This is followed by 0.0691 BTC (July high), 0.072 BTC (bearish .618 Fib), and 0.0736 BTC. Added resistance lies at 0.077 BTC (1.414 Fib Extension).

On the other side, the first support lies at 0.066 BTC. This is followed by 0.0651 BTC (.5 Fib & 100-day MA), 0.064 BTC, 0.0632 BTC (.618 Fib), and 0.062 BTC.

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ETH/BTC Daily Chart. Source: TradingView.

Ripple (XRP)

XRP had surged into resistance at $1.27 (bearish .618 Fib) last Friday and was unable to overcome the level. After another attempt to break $1.27 on Monday, XRP started to head lower throughout the week.

Yesterday, it fell beneath the 20-day MA and continued to spike as low as $1.05 today. However, XRP had since rebounded slightly as it sits above the 20-day MA at $1.10. So far on the weekly, XRP is down by 6%, according to CoinGecko.

Looking ahead, the first strong resistance lies at $1.20. This is followed by the resistance between $1.25 (Feb 2018 high) – $1.27 (bearish .618 Fib). Beyond $1.30, additional resistance lies at $1.36 (1.618 Fib Extension & August high), $1.40, and $1.50 (bearish .786 Fib).

On the other side, the first support lies at $1.10 (20-dau MA & .382 Fib). This is followed by $1.05 (weekly low), $1.00, and $0.928 (.618 Fib).

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XRP/USD Daily Chart. Source: TradingView.

 

XRP also lost momentum against BTC, as it trades inside a descending wedge formation. The coin met resistance at 2670 SAT (bearish .5 Fib) last Friday and started to head lower from there. Initially, it found support at 2455 SAT (.236 Fib) but fell beneath there on Tuesday.

XRP/BTC continued lower as it broke beneath the 20-day MA yesterday, to hit the support at 2290 SAT (.382 Fib). But just like the USD pair, XRP/BTC had since bounced nicely from there to return to the 20-day MA price area.

Looking ahead, the first resistance lies at 2455 SAT. This is followed by 2670 SAT (bearish .5 Fib), 2800 SAT, and 2915 SAT (bearish .618 Fib).

On the other side, the first support lies at 2290 SAT (.382 Fib). This is followed by 2150 SAT (.5 Fib & 100-day MA) ,2000 SAT (.618 Fib & 50-day MA), and 1900 SAT (200-day MA).

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XRP/BTC Daily Chart. Source: TradingView.

Cardano (ADA)

Cardano saw an extraordinary week in which it managed to surge by 20% and break its all-time high ($2.95). The cryptocurrency has been trading inside a steep ascending price channel throughout August and recently met the support at the lower angle of the price channel.

Earlier in the week, ADA managed to set a new ATH price, almost touching $3, but went on to fall lower from there until reaching support amid the lower angle of the price channel at around $2.50. It has since rebounded from there today as it attempts to head back towards ATH levels.

Looking ahead, the first resistance lies at $2.80 (1.414 Fib extension). This is followed by $2.95-$3.00 (ATH area), $3.20, $3.40 (1.272 Fib Extension), and $3.50.

On the other side, the first support lies at the lower angle of the price channel, around $2.50. This is followed by added support at $2.35 (.382 Fib), $2.23 (20-day MA), $2.15 (.5 Fib), and $2.00 (.618 Fib).

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ADA/USD Daily Chart. Source: TradingView.

 

ADA/BTC also continues to perform well, as it also trades inside an ascending price channel. The coin surged above 5000 SAT at the start of the week to set a new ATH (against BTC) at almost 6000 SAT on Monday.

From there, it started to head lower until the support met at the lower angle of the price channel. Following the retest, ADA/BTC rebounded sharply to shoot back above 5800 SAT as of now.

Looking ahead, the first solid resistance lies at 6000 SAT. This is followed by 6200 SAT, 6300 SAT (1.272 Fib Extension), 6540 SAT (1.414 Fib Extension), and 6870 SAT (1.618 Fib Extension).

On the other side, the first support lies at the lower angle of the price channel. This is followed by 5325 SAT (.236 Fib), 5050 SAT (May high), 4910 SAT (.382 Fib), and 4700 SAT (20-day MA).

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ADA/BTC Daily Chart. Source: TradingView.

Solana (SOL)

SOL is also performing very well this week after surging by a solid 11% to set another ATH at $84.20. The coin retraced from $80 over the weekend and started to decline throughout the week until support was found around $70 (.236 Fib) on Wednesday.

It then rebounded from there, and started to head higher as it breached above $75 yesterday. Today, it continued to shoot higher from $75 to break $80 and set the new ATH price.

Looking ahead, the first resistance lies at $87.20 (1.618 Fib Extension – blue). This is followed by $90, $96.60 (1.272 Fib Extension), $100, and $105 (1.414 Fib Extension).

On the other side, the first support lies at $80. This is followed by $75, $70 (.236 Fib), $60.50 (.382 Fib & 20-day MA), $58.50, and $53.15 (.5 Fib).

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SOL/USD Daily Chart. Source: TradingView.

 

Against BTC, SOL also is performing very well trading around ATH levels of 0.00177 BTC. The cryptocurrency was falling throughout the first half of the week until support was found around 0.00146 BTC on Wednesday.

SOL rebounded from there yesterday to break 0.0015 BTC and hit 0.0016 BTC. It continued upward today to return to the 0.00177 BTC ATH, which was set just earlier last week.

Looking ahead, if the buyers break the ATH, the first resistance lies at 0.0019 BTC (1.272 Fib Extension). This is followed by 0.002 BTC, 0.00202 BTC (1.414 Fib Extension), 0.0021 BTC, and 0.00222 BTC (1.618 Fib Extension).

On the other side, the first support lies at 0.0016 BTC. This is followed by 0.0015 BTC (the week’s low), 0.00136 BTC (.382 Fib), 0.0013 BTC (20-day MA), and 0.00123 BTC (.5 Fib).

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SOL/BTC Daily Chart. Source: TradingView.

Cardano Price Analysis: ADA Sharply Rejected from $3 ATH, Will Next Critical Support Hold?

ADA/USD – ADA Rejected From ATH

Key Support Levels: $2.57 – $2.50, $2.35, $2.15.

Key Resistance Levels: $2.80, $2.95, $3.07.

ADA set a new ATH price above $3 on Monday, after soaring from $1.30 (50-day MA) at the start of August. The cryptocurrency surged inside an ascending price channel, and the market found resistance upon the upper boundary of the price channel after setting the ATH at almost $3, according to CoinGecko.

Together with the market retracement, ADA had also pulled back sharply over the past few days but so far – maintains the support at the lower boundary of the above-mentioned price channel, following a retest of the $2.5 support area earlier today. This is also where lies the .236 Fib Retracement support ($2.57).

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ADA/USD Daily Chart. Source: TradingView.

ADA-USD Short Term Price Prediction

Looking ahead, the first support lies between $2.57 (.236 Fib) and $2.50 (lower angle of price channel). This is followed by $2.35 (.382 Fib), $2.15 (.5 Fib & 20-day MA), and $2.00 (.618 Fib).

On the other side, the first resistance lies at $2.80 (1.414 Fib Extension). This is followed by $2.95 (ATH area), $3.07 (1.618 Fib Extension – blue), $3.20, and $3.42 (1.272 Fib Extension – purple).

The RSI started to head lower as it retraces from overbought conditions. It still remains in the bullish favor, but the downturn suggests the bullish momentum is starting to fade.

ADA/BTC – Remains Inside The Ascending Price Channel.

Key Support Levels: 5325 SAT, 5000 SAT, 4580 SAT.

Key Resistance Levels: 6000 SAT, 6200 SAT, 6300 SAT.

ADA is also trading inside an ascending price channel against BTC since it rebounded from 3200 SAT at the start of the month. The price channel allowed ADA to set a new ATH against BTC at 6000 SAT at the start of the week, but has since pulled back from there as it retraces.

The market is now using the support around 5500 SAT as support, which is provided by the lower angle of the steep ascending price channel.

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ADA/BTC Daily Chart. Source: TradingView.

ADA-BTC Short Term Price Prediction

Moving forward, if the sellers break beneath the channel, the first support lies at 5325 SAT (.236 Fib). This is followed by support at 5000 SAT (.382 Fib), 4580 SAT (.5 Fib & 20-day MA), and 4240 SAT (.618 Fib).

On the other side, the first resistance lies at 6000 SAT. This is followed by 6200 SAT (1.414 Fib Extension), 6300 SAT (1.272 Fib Extension – purple), 6540 SAT (1.414 Fib Extension), and 7000 SAT.

Again, just as the ADA/USD pair, the daily RSI is starting to head lower, indicating the bulls are taking a break to recover as the bullish momentum slowly fades.

Ethereum Price Analysis: After Another Rejection, ETH Battles To Maintain This Critical Support Level

ETH/USD – Will the 20-day MA Hold?

Key Support Levels: $3150, $3080, $3000, $2960.

Key Resistance Levels: $3190, $3350, $3400.

Despite ETH is up by a solid 47% over the past month and 6% weekly (according to CoinGecko), it failed in breaching the critical resistance at $3350. The latter resistance is provided by a bearish .618 Fib Retracement level, and it prevented the market from pushing higher in mid-August.

After the previous failed attempt, ETH retraced into the 20-day MA (blue line on the following chart) support at $3000 (last week) but quickly pushed higher toward the resistance for a second attempt.

Yesterday, following a second failure, ETH rolled over from $3350 and headed sharply lower, breaking down critical 20-day MA support at $3150, and bottoming around $3080. The latter is the lowest price of ETH over the past 6 days.

As of writing these lines, ETH wicked nicely (4-hour candle is not closed yet), and facing the 20-day MA now as resistance. It will be crucial for ETH to maintain the MA-20 level by closing the daily candle above it.

ETH/USD Daily Chart. Source: TradingView.

ETH-USD Short Term Price Prediction

Looking ahead, the first supply/support level toward the downside lies at current levels of $3150 (where lies the 20-day MA). This is closely followed by support at $3080 (today’s low), $3000, $2960 (.236 Fib), $2890 (June highs), $2720 (.382 Fib), and $2600 (50-day MA).

On the other side, the first resistance lies at $3190 (short-term 0.382 fib retracement level and local high from the first week of August). This is followed by $3350 (bearish .618 Fib and August highest), $3400, and $3540 (1.618 Fib Extension).

The RSI continues to make lower lows as it heads toward the midline, indicating the previous bullish momentum continues to dwindle. If it falls beneath the midline, the bears will take control of the momentum and could push ETH beneath $3000.

On top of that, there is a clear sign of bearish divergence on the daily and 4-hour chart, this might indicate that the bears are not done yet.

ETH/BTC – The Battle on the MA-100

Key Support Levels: 0.0645 – 0.065 BTC, 0.0632 BTC, 0.062 BTC.

Key Resistance Levels: 0.067 BTC, 0.068 BTC, 0.07 BTC.

ETH/BTC has made lower lows since dropping beneath the symmetrical triangle pattern earlier in August. Over the past week, ETH against BTC has been using the 100-day MA as support. On Monday, it rebounded from the moving average line, but the market failed to continue above the 0.067 BTC level.

It dropped from 0.067 BTC yesterday and continued today to retest the 100-day MA support once again, which is further bolstered by a .5 Fib. ETH/BTC will look to close the day above the MA-100.

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ETH/BTC Daily Chart. Source: TradingView.

ETH-BTC Short Term Price Prediction

Moving forward, the first support lies at 0.065 BTC (100-day MA & .5 Fib). This is closely followed by 0.0645 BTC (50-day MA), 0.0632 BTC (.618 Fib), and 0.062 BTC.

On the other side, the first resistance lies at 0.067 BTC. This is followed by 0.068 BTC (20-day MA), 0.07 BTC, and 0.072 BTC (bearish .618 Fib).

The daily RSI has slipped beneath the midline again today, signaling that the bears are attempting to gain control of the market momentum.

Ripple Price Analysis: XRP Breaking Down Critical Support, Is $1 Retest Incoming?

XRP/USD – XRP Breaking Down the Ascending Channel.

Key Support Levels: $1.10, $1.00, $0.92.

Key Resistance Levels: $1.25, $1.28, $1.36.

Following the market’s heavy correction, XRP dropped a sharp 8% over the past 24 hours as it fell from the Feb 2018 highs of $1.25 towards the current $1.14 level. The cryptocurrency was trading inside an ascending price channel since the start of August and struggled to break previous resistance at $1.28 (bearish .618 Fib) over the past week.

Today’s reversal caused XRP to break beneath the ascending price channel as it dropped as low as $1.10 over the past hours. If today’s daily candle closes below the price channel, then this breakdown might be significant to signal a larger potential short-term downtrend.

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XRP/USD Daily Chart. Source: TradingView.

XRP-USD Short Term Price Prediction

Looking ahead, if the sellers push lower, the first support lies around $1.10 (.382 Fib & 20-day MA and today’s low). This is followed by $1.00, $0.92 (.618 Fib), and $0.85 (200-day MA).

On the other side, the first resistance lies at $1.25 (Feb 2018 highs). This is followed by $1.28 (bearish .618 Fib), $1.36 (August high), and $1.40.

The RSI is heading lower, indicating the previous bullish momentum from the past month is fading. However, it is still not at the midline, and the bears are still not in control of the market momentum.

XRP/BTC – Will Support At .382 Fib Hold?

Key Support Levels: 2380 SAT, 2310 SAT, 2230 SAT.

Key Resistance Levels: 2500 SAT, 2600 SAT, 2670 SAT.

XRP also dropped yesterday against BTC to find the support at a .382 Fib retracement level around 2380 SAT. On Friday, XRP/BTC struggled to break resistance at 2670 SAT (bearish .5 Fib) and headed lower over the weekend as it fell beneath 2600 SAT.

A daily closing candle beneath the .382 Fib support would signal the first lower-low, which would signal a short-term downtrend forming for XRP – also against BTC.

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XRP/BTC Daily Chart. Source: TradingView.

XRP-BTC Short Term Price Prediction

Looking ahead, the first support lies at 2380 SAT (.382 Fib). This is followed by 2310 SAT (20-day MA), 2230 SAT (.5 Fib), and 2175 SAT (200-day MA).

On the other side, the first resistance lies at 2500 SAT. This is followed by 2600 SAT, 2670 SAT (bearish .5 Fib), and 2730 SAT (1.618 Fib Extension).

Same as against the USD, also for the BTC pair, the daily RSI is heading lower, indicating that the previous bullish momentum is fading. However, it is still yet to dip beneath the midline, suggesting the sellers are not controlling the momentum (yet).