An unpredictable geopolitical situation, as well as the US domestic policy in crypto adoption, recently fueled the bears’ muscle to push Bitcoin back to $38K, but what can we expect next? Here are our latest top 10-currencies charts!
) plummeted below the moving averages and the uptrend line on Feb. 20, suggesting that the higher levels continue to attract selling by the bears.The bulls tried to push the price back above the uptrend line on Feb. 2 but the long wick on the candlestick suggests that bears are defending the breakdown level. If the price breaks and sustains below $74.70, the AVAX/USDT pair could further slip to $65.
The RSI has dipped into the negative zone and the 20-day EMA has started to turn down, indicating that bears have the upper hand. This negative view will invalidate if the price rebounds off the current level and breaks above the downtrend line. That could result in a rally to the psychological level at $100.LUNA/USDT
The long tail on the Feb. 20 candlestick indicates that buyers are defending the immediate support at $46.50. Terra’sLUNA/USDT daily chart. Source: TradingView If the price once again turns down from the 20-day EMA, the prospects of a break below the strong support zone at $46.50 to $43.44 increase. That could sink the LUNA/USDT pair to the critical support at $37.50.
Conversely, if bulls push and sustain the price above the 20-day EMA, the pair could rise to the downtrend line of the descending channel. The bulls will have to push and sustain the pair above the 50-day SMA to indicate a possible change in trend.
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