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Checkout The Recent Price Analysis Of Crypto Including BTC, ETH And More

Image Source:Varga Jozsef Zoltan/shutterstock

# Checkout The Recent Price Analysis Of Crypto Including BTC, ETH And More

Bitcoin (BTC) attempted to break through the $25,000 barrier on Aug. 11 but faced resistance. This was despite positive news like a favorable Consumer Price Index print and BlackRock launching a spot Bitcoin investment product.

Meanwhile, Ether (ETH) managed to hold onto its recent gains following news that the Goerli testnet had activated proof-of-stake, paving the way for Ethereum’s mainnet transition on Sept. 15 or 16. Data indicates an increase in Ether whale transactions, possibly signaling whale accumulation.

Market analysts are split on the current recovery prospects. While some anticipate a Bitcoin rally above $28,000, others are less optimistic and expect the price to drop and resume a downtrend.

To assess if buyers can overcome the resistance levels for Bitcoin and select altcoins, let’s review the charts of the top-10 cryptocurrencies.

## BTC/USDT

Bitcoin briefly surpassed the $24,668 resistance on Aug. 11 but failed to sustain higher levels, hinting at ongoing bearish pressure. The price is currently caught between the 20-day exponential moving average (EMA) ($23,151) and $24,668, making the next breakout direction uncertain. A push and hold above $25,000 could fuel bullish momentum towards $28,000 and $32,000.

## ETH/USDT

On Aug. 11, Ether struggled to breach $2,000, indicating bear resistance. However, bullish signs like steady moving averages and positive RSI suggest buyer advantage. A successful push beyond $2,000 could propel the ETH/USDT pair towards the downtrend line.

## BNB/USDT

BNB faces strong resistance between $338 and $350 but maintains buyer interest despite repeated bearish attempts. A consolidation near resistance levels raises the likelihood of an upward breakout. Breaking above this resistance could see BNB/USDT targeting $380 and $414.

## XRP/USDT

Ripple (XRP) remains range-bound between $0.37 and $0.39, with $0.39 being a key resistance level. A breach above $0.39 could lead XRP/USDT towards $0.48 and $0.54, while a break below $0.35 may drive the price to $0.30 support.

## ADA/USDT

Cardano (ADA) struggled to breach $0.55 on Aug. 11, indicating bearish pressure. A drop to the 20-day EMA ($0.51) may ensue. A successful break above $0.55 could push ADA/USDT towards $0.63 and $0.70.

## SOL/USDT

Solana (SOL) experienced a bounce off the 50-day SMA ($39) on Aug. 10 but faces resistance at $45.32. Continued trading within an ascending triangle pattern suggests uncertainty, with a break above $48 signifying bullish momentum towards $60 and $71.

## DOGE/USDT

Dogecoin (DOGE) met resistance at $0.08 on Aug. 11, indicating bearish defense. A push above $0.08 could lead to a rally towards $0.10, while a decline below moving averages may test the $0.06 support.

## DOT/USDT

Polkadot (DOT) is witnessing a fierce battle near $9, with bulls and bears contending. Breaking above $9.65 could see DOT/USDT targeting $10.80 and $12, while a drop below $9 may signal a bearish turn towards the 50-day SMA ($7.62).

## MATIC/USDT

Polygon (MATIC) is range-bound between the 20-day EMA ($0.88) and $0.96, indicating uncertainty. A breakout above $1.02 may propel MATIC/USDT towards $1.26 and $1.50, while a drop below the 20-day EMA could favor bears.

## AVAX/USDT

Avalanche (AVAX) remains above the breakout level of $26.38, suggesting bullish control. Breaking above $31 may lead AVAX/USDT towards $33 and $39.05. A reversal below the 20-day EMA could indicate bearish pressure.

*Image Source: Varga Jozsef Zoltan/shutterstock*

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