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Bitcoin and select major altcoins are under pressure as the September Producer Price Index report shows wholesale inflation surged to 0.5%, exceeding the markets' expectation.

Buyers are finding it difficult to maintain Bitcoin (BTC) price above $27,000. The selling increased after the September producer price index rose 0.5% for the month versus expectations for a 0.3% increase. This shows that the inflation pressures are unlikely to ease in a hurry for the United States economy.

The uncertain near-term environment has shifted analysts’ focus to November and the upcoming halving event expected in April 2024. Crypto analyst Miles Deutscher cited a chart from CryptoCon and said that if history repeats itself, then Bitcoin may turn up by November 21 and start its journey higher to the next halving.

Going further ahead to 2026, BitMEX founder Arthur Hayes is even more bullish. While speaking as a guest on Impact Theory with Tom Bilyeu, Hayes said that Bitcoin’s price could reach $750,000 to $1 million by 2026. Hayes argues that incessant money printing by the U.S. government to avoid a financial crisis will trigger a massive bull market in several asset classes.

Several analysts are bullish about the long-term but the near-term remains uncertain due to various headwinds. Could Bitcoin and altcoins stage a recovery or will they continue moving lower? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price analysis

After finding support at the 20-day exponential moving average ($27,227) for the past two days, Bitcoin broke below the level on Oct. 11. This shows that the bears are trying to seize control.

The next support to watch on the downside is the 50-day simple moving average ($26,615). If this level cracks, it will suggest that the traders are rushing to exit. The BTC/USDT pair could then slump to $26,000 and eventually retest the support at $24,800.

If the price rebounds off the 50-day SMA, the bulls will attempt to propel the price above the 20-day EMA. That could open the doors for a potential rally to $28,143.

The flattish 20-day EMA and the relative strength index (RSI) just below the midpoint suggest a possible range-bound action in the near term.

Ether price analysis

Ether (ETH) has been finding buyers near the $1,531 support for the past two days, which is a positive sign. This suggests that the price will continue to swing between $1,531 and $1,746 for some more time.

The positive divergence on the ETH/USDT pair suggests that the selling pressure may be reducing near $1,531. This may start a relief rally, which could reach the 20-day EMA ($1,619). If the price turns down from this level, the bears will make another attempt to yank the pair below $1,531 and start a downward move to $1,368.

Contrarily, a rise above the moving averages will suggest strong accumulation at lower levels. The pair may then attempt a rally to $1,746. The bulls may find it difficult to break above this level but if they do that, the pair could climb to $1,961.

BNB price analysis

BNB (BNB) fell below the uptrend line on Oct. 9 but bounced off the strong support at $203. This indicates that the price is range-bound between $203 and $220.

The long wick on the Oct. 10 candlestick indicates that the bears are selling the rallies to the moving averages. The bears again redoubled their efforts to strengthen their position by dragging the price below $203.

The next trending move is likely to begin on a break below $203 or on a rally above $220. If the $203 support gives way, the BNB/USDT pair may crash to $183. On the contrary, a rise above $220 could open the doors for a potential rally to $235 and thereafter to $250.

XRP price analysis

Buyers could not build upon the breakout above the symmetrical triangle and overcome the barrier at $0.56. This shows that XRP’s (XRP) demand dries up at higher levels.

The price turned down and broke below the moving averages on Oct. 9. This was the first indication that the bulls have given up. The selling picked up further on Oct. 11 and the bears pulled the XRP/USDT pair below the uptrend line. This suggests that the pair may extend its stay between $0.41 and $0.56 for some more time.

On the downside, the first support is at $0.46 and after that at $0.41. Contrarily, attempts to start a recovery are likely to face selling at the moving averages and then at $0.56.

Solana price analysis

Solana (SOL) is one of the stronger major cryptocurrencies as it is trading above the immediate support at the 20-day EMA ($21.79).

If the price turns up from the current level, the SOL/USDT pair will attempt to form a bullish inverted head and shoulders pattern. This reversal setup will complete on a break and close above the neckline. The target objective of this setup is $32.81 but its efficacy reduces slightly as it has formed inside a consolidation.

If bulls fail to start a strong rebound off the 20-day EMA soon, the bears will be strengthened. They will then try to tug the price to the 50-day SMA ($20.44). If this level gives way, the next stop may be $18.50 and later $17.33.

Cardano price analysis

The bears dragged Cardano (ADA) back below the moving averages on Oct. 9, indicating a lack of demand at higher levels.

The ADA/USDT pair could retest $0.24, which is an important support to keep an eye on. The positive divergence on the RSI suggests that the bulls are likely to protect the $0.24 level with vigor. They will then have to drive the price above the moving averages to signal further strength.

Contrarily, a break and close below $0.24 will indicate the start of the next leg of the downtrend. The pair may first skid to $0.22 and eventually to $0.20.

Dogecoin price analysis

Dogecoin (DOGE) plunged and closed below the $0.06 support on Oct. 9, indicating that the bears are in charge.

The long tail on the Oct. 9 candlestick shows that the bulls are aggressively defending the support at $0.055. If buyers want to make a comeback, they will have to quickly push the price back above the breakdown level of $0.06 and then extend the recovery over the moving averages.

If they fail to do that, the bears will continue to put pressure on the $0.055 support. If this level cracks, the DOGE/USDT pair could retest the pivotal support near $0.05. This level is again expected to attract solid buying by the bulls.

Related: JPMorgan debuts tokenization platform, BlackRock among key clients: Report

Toncoin price analysis

The bulls failed to sustain Toncoin (TON) above the 20-day EMA ($2.06) on Oct. 7, indicating that the bears are selling on relief rallies.

A minor positive in favor of the bulls is that they have managed to keep the TON/USDT pair above the 50-day SMA ($1.96). The buyers will next try to clear the overhead hurdle at the 20-day EMA. If they manage to do that, the TON/USDT pair could rise to $2.18 and subsequently to $2.32.

Meanwhile, the bears are likely to have other plans. They will try to sink and sustain the price below the 50-day SMA. If they succeed, the pair could start a downward move toward $1.60.

Polkadot price analysis

The bears made their move on Oct. 9 and yanked Polkadot (DOT) below the vital support at $3.91. The bulls tried to push the price back above the breakdown level on Oct. 10 but the bears held their ground.

Selling resumed on Oct. 11 and the bears are trying to sink the price toward the next target objective at $3.50. Although the downsloping moving averages indicate that bears remain in command, the positive divergence on the RSI offers a small ray of hope for the bulls that a reversal is possible.

The first sign of strength will be a break and close above $3.91. That may trap the aggressive bears, resulting in a short squeeze. The DOT/USDT pair will then attempt a rally to the 50-day SMA ($4.16).

Polygon price analysis

Polygon (MATIC) turned down and broke below the moving averages on Oct. 9, indicating that the $0.49 to $0.60 range remains intact.

Losing the 20-day EMA ($0.53) support is a negative sign and it puts the onus on the bulls to defend the crucial support at $0.49. If the price rebounds off this level, it will indicate that the bulls remain buyers on dips. That could keep the MATIC/USDT pair stuck inside the range for a while longer.

This neutral view will invalidate in the near term if the price continues lower and plummets below $0.49. The pair will then indicate the start of the next leg of the downtrend toward $0.45.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Bitcoin is consolidating at the top of its range and this is inspiring traders' confidence in a variety of altcoins.

United States 10-year Treasury yields soared above 4.8% on Oct. 3, their highest level since 2007. DoubleLine Capital CEO Jeffrey Gundlach said in a post on X (formerly Twitter) that the spread between the 2-year and 10-year Treasury yields has narrowed from 109 basis points a few months ago to 35 basis points. He cautioned that this “should put everyone on recession warning.”

Arthur Hayes, former CEO of crypto exchange BitMEX, warned in a recent X thread that the government will have to print money to save the bond market as a faster bear steepener — a condition where long-term interest rates rise more quickly than short-term rates — will cause firms to collapse. Some investors believe that this could trigger a cryptocurrency bull market.

It also looks like the institutional investors have started to warm up to cryptocurrencies. CoinShares’ latest Digital Asset Fund Flows Weekly Report shows inflows of $21 million into digital asset investment products for the first time in six weeks.

In this uncertain macro environment, let’s take a look at the charts to determine the next potential move.

Bitcoin price analysis

Bitcoin (BTC) rose above $28,143 on Oct. 2 but the long wick on the candlestick shows the bears are aggressively selling at higher levels. The bears tried to build upon their advantage on Oct. 3 but the bulls held their ground at $27,160.

The upsloping 20-day exponential moving average ($26,903) and the relative strength index (RSI) in the positive territory indicate that bulls have the upper hand. Buyers will once again try to clear the overhead resistance at $28,143.

A close above this level will complete a short-term double bottom pattern, which has a target objective of $31,486.

This positive view will be invalidated if the price once again turns down from the overhead resistance and plummets below the 20-day EMA. That could yank the price to $26,000. The BTC/USDT pair could then continue to consolidate between $24,800 and $28,143 for a while longer.

Ether price analysis

Ether (ETH) turned down sharply from the overhead resistance of $1,746 on Oct. 2, indicating that the bears are fiercely guarding this level.

The 20-day EMA ($1,640) is flattening out and the RSI is near the midpoint, indicating a balance between supply and demand. If the price turns up from the current level, the bulls will again try to overcome the obstacle at $1,746. If they can pull it off, the ETH/USDT pair will complete a double bottom pattern, having a target objective of $1,961.

On the other hand, if the price continues lower and tumbles below the moving averages, it will suggest that the pair may extend its stay inside the $1,531 to $1,746 range for some more time.

BNB price analysis

BNB (BNB) jumped above the $220 resistance on Oct. 2 but the bulls could not sustain the breakout as seen from the long wick on the day’s candlestick.

The failure of the bulls to maintain the price above the 20-day EMA ($214) is a negative sign. It shows that traders are rushing to the exit. The BNB/USDT pair could next fall to the uptrend line.

If the price rebounds off this level, the bulls will again try to push the pair above $220. A close above this resistance could signal the start of an up-move to $235 and thereafter to $250. Instead, if the price breaks below the uptrend line, the pair may decline to the formidable support at $203.

XRP price analysis

Buyers pushed XRP (XRP) above the symmetrical triangle pattern on Sep. 29 and then foiled several attempts by the bears to pull the price back into the triangle.

The bulls will next try to surmount the overhead resistance at $0.56. If they are successful, it will signal the start of a new uptrend. The XRP/USDT pair could then start its journey toward the pattern at $0.66.

Conversely, if the price turns down from $0.56 and dives below the uptrend line, it will suggest that the bulls are booking profits. That could keep the pair range-bound between $0.56 and $0.41 for a few more days.

Solana price analysis

Solana (SOL) has been oscillating inside a large range between $14 and $27.12. The price action of the past few days has resulted in the formation of a potential inverse head and shoulders pattern.

Although setups formed inside a range tend to be less reliable, still they should not be neglected. If the price turns up and breaks above the neckline, the SOL/USDT pair could attempt a rally to $27.12 and eventually to the pattern target of $32.81.

The critical support to watch on the downside is the 20-day EMA ($20.95). If the price slides below this level, it will suggest that the bulls have given up. That could open the gates for a possible drop to $17.33.

Cardano price analysis

Cardano (ADA) turned down from $0.27 on Oct. 2 and reached the 20-day EMA ($0.25) on Oct. 4. This is an important level to keep an eye on in the near term.

If the price rebounds off the 20-day EMA, it will indicate a change in sentiment from selling on rallies to buying on dips. The bulls will then try to shove the price above $0.27 and start an up-move to $0.29 and later to $0.32.

If bears want to prevent the rally, they will have to drag the price below the 20-day EMA. The ADA/USDT pair may then once again descend to the vital support at $0.24. The bulls are likely to protect this level with vigor.

Dogecoin price analysis

The bulls pushed Dogecoin (DOGE) above the 50-day SMA ($0.06) on Oct. 2 but could not sustain the higher levels. This suggests that bears are selling on every minor relief rally.

The DOGE/USDT pair has reached the formidable support at $0.06. The repeated retest of a support level within a short interval tends to weaken it. If the $0.06 level cracks, the pair may slump to the next major support at $0.055.

A minor advantage in favor of the buyers is that the RSI has formed a bullish divergence. This suggests the bears may be losing their grip. The indicators are not providing clarity about the next move. Hence, it is best to wait for the price to close above the 50-day SMA or plunge below $0.06 to place directional bets.

Related: Bitcoin traders hope $27K holds as BTC price ignores volatile US dollar

Toncoin price analysis

Toncoin (TON) fell below the 20-day EMA ($2.09) on Sep. 30 and the bears thwarted attempts by the bulls to reclaim the level on Oct. 1.

The bears are trying to solidify their position by sinking the price to the 50-day SMA ($1.86). This level may result in a rebound that is likely to face selling at the 20-day EMA.

If the price turns down from this resistance, it will suggest that the sentiment has turned bearish and traders are selling on rallies. That will increase the likelihood of a drop below the 50-day SMA.

On the contrary, if the price turns up and surges above the 20-day EMA, it will suggest that the markets have rejected the lower levels. The TON/USDT pair could then rise to $2.32 where the bears will again try to halt the up-move.

Polkadot price analysis

Polkadot (DOT) turned down sharply from the 50-day SMA ($4.24) on Oct. 2 and broke below the 20-day EMA ($4.10) on Oct. 3.

The bears challenged the important support at $3.91 on Oct. 4 but the long tail on the candlestick shows strong buying at lower levels. The RSI has formed a bullish divergence, indicating that the sellers may be losing their grip.

If the bulls push the price above the 20-day EMA, it will suggest that the DOT/USDT pair may extend its stay inside the $4.33 to $3.91 range for some more time. The bears will have to sink the price below $3.91 to start the next leg of the downtrend to $3.50.

Polygon price analysis

After witnessing a tough battle between the bulls and the bears near the moving averages, Polygon (MATIC) bounced on Oct. 4, indicating that buyers are trying to take charge.

The bulls are trying to build upon the strength and propel the price above the overhead resistance at $0.60. If they manage to do that, it will signal the start of a sustained recovery. The MATIC/USDT pair could then rise to $0.70.

Contrary to this assumption, if the price turns down and breaks below the 20-day EMA, it will indicate that the bears are active at higher levels. The pair may then retest the crucial support at $0.49. This level is likely to attract solid buying by the bulls.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Crypto bulls are attempting a comeback. Here are the altcoins that traders are keeping an eye on.

Bitcoin (BTC) is attempting to trade above $27,000 which is a positive sign. In the past few days, Bitcoin’s price held up above $26,000 in adverse conditions when the United States dollar index (DXY) was rising sharply and the S&P 500 index (SPX) was plunging. This suggests that selling dries up at lower levels.

The decision by the United States Securities and Exchange Commission to delay the spot Bitcoin exchange-traded fund (ETFs) ahead of schedule also did not dent prices. This indicates that the market participants are taking a longer-term view on Bitcoin. Bloomberg ETF analyst James Seyffart believes that an early decision was taken by the regulator as there is a risk of a U.S. government shutdown on Oct. 1.

Bitcoin’s resilience over the past few days seems to have boosted trader’s sentiment. That helped start a recovery in most major altcoins, which are trying to climb above their respective resistance levels.

Could Bitcoin extend its up-move in the near term and will that start a revival in the crypto space? Let’s study the charts of the top 10 cryptocurrencies to find out.

Bitcoin price analysis

After struggling for several days, the bulls finally propelled Bitcoin above the moving averages on Sep. 28. The bulls are currently trying to thwart attempts by the bears to yank the price back below the 20-day exponential moving average ($26,534).

The moving averages are on the verge of a bullish crossover and the relative strength index (RSI) is in the positive territory, indicating that the path of least resistance is to the upside. There is a minor resistance at $27,500 but it is likely to be crossed.

The BTC/USDT pair could then rally to the overhead resistance at $28,143. This level is again likely to witness a tough battle between the bulls and the bears.

On the downside, the $26,000 level is an important level to watch out for. If this level gives way, the advantage will tilt in favor of the bears. The pair may then nosedive to the formidable support at $24,800.

Ether price analysis

Ether (ETH) climbed and closed above the 20-day EMA ($1,622) on Sep. 28, indicating that the selling pressure is reducing. The buyers continued their purchase and cleared the hurdle at the 50-day simple moving average ($1,660) on Sep. 29.

The bulls will try to drive the price to the overhead resistance of $1,746. This is an important level to keep an eye on because if buyers overcome this barrier, the ETH/USDT pair will complete a double bottom pattern. This reversal setup has a target objective of $1,961.

On the contrary, if the price turns down from $1,746, it will indicate that the bears remain sellers on rallies. The price could then dip to the 20-day EMA. If the price rebounds off this support, it will enhance the prospects of a rally above $1,746. The bears will be back in the game if they drag the price back below the 20-day EMA.

BNB price analysis

BNB (BNB) has been trading inside the $220 to $203 range for the past few days. The bulls are trying to nudge the price to the overhead resistance at $220.

The 20-day EMA ($213) is flat but the RSI has risen into positive territory, indicating that the momentum is turning in favor of the bulls. If the $220 resistance is surmounted, the BNB/USDT pair could surge to $235.

Contrary to this assumption, if the price turns down sharply from $220, it will indicate that the range-bound action may continue for a while longer. The next leg of the downtrend will begin after bears tug the price below $203.

XRP price analysis

Buyers pushed XRP (XRP) above the 20-day EMA ($0.50) on Sep. 28 and followed that up with a move above the resistance line of the symmetrical triangle pattern on Sep. 29.

If the price sustains above the triangle, it will signal that the uncertainty has resolved in favor of the buyers. The XRP/USDT pair could then rally to the overhead resistance at $0.56. This is an important resistance to watch out for because a break above it will clear the path for a potential rally to the pattern target of $0.64.

Contrarily, if the price turns down and re-enters the triangle, it will indicate that markets have rejected the higher levels. The bears will then try to gain the edge by pulling the price below the uptrend line of the triangle.

Cardano price analysis

The bulls are trying to sustain Cardano (ADA) above the 20-day EMA ($0.25) on Sep. 29, which shows that the bears are losing their grip.

A break and close above the downtrend line will invalidate the bearish descending triangle pattern. Generally, the failure of a bearish pattern results in a sharp up-move as the sellers rush to exit their shorts and the bulls waiting on the sidelines start buying. That could propel the ADA/USDT pair to $0.29 and subsequently to $0.32.

Time is running out for the bears. If they want to regain control, they will have to defend the downtrend line and pull the price below $0.24. The next support on the downside is at $0.22.

Dogecoin price analysis

Dogecoin’s (DOGE) range has shrunk in the past few days, increasing the prospect of a range expansion within the next few days.

The 20-day EMA ($0.06) is flattening out and the RSI is just below the midpoint, indicating a balance between supply and demand. If buyers kick the price above the 20-day EMA with force, it will signal the start of a recovery. The DOGE/USDT pair could first rise to $0.07 and thereafter to $0.08.

If bears want to prevent the upside, they will have to quickly drag the price below $0.06. If they do that, the pair may plunge to the next critical support at $0.055.

Solana price analysis

Solana (SOL) remains stuck inside the large range between $27.12 and $14 for the past several days. Trading inside a range can be random and volatile as bulls typically buy at the support and sell near the resistance.

The bulls are trying to start a relief rally, which has reached the 50-day SMA ($20.44). This is an important level to watch out for because a break above it will suggest that the bulls are back in the game. The SOL/USDT pair could then rise to $22.30.

Instead, if the price turns down from the 50-day SMA, it will indicate that the bears are active at higher levels. Sellers will have to tug the price below $18.50 to open the doors for a retest of $17.33.

Related: Why is Ether (ETH) price up today?

Toncoin price analysis

Toncoin (TON) rebounded off the 20-day EMA ($2.13) on Sep. 27, indicating that the sentiment remains positive and traders are buying on dips.

The long wick on the Sep. 27 and 28 candlestick shows that the bears are selling at the 38.2% Fibonacci retracement level of $2.28. However, a positive sign in favor of the bulls is that they have not allowed the price to slip below the 20-day EMA.

Buyers will have to shove the price above the 61.8% Fibonacci retracement level of $2.40 to open the doors for a retest of the stiff overhead resistance at $2.59. This positive view will invalidate if the price turns down and plummets below $2.07.

Polkadot price analysis

The failure of the bears to sink Polkadot (DOT) below the $3.91 support indicates that the range-bound action remains intact.

Buyers will try to drive the price above the 20-day EMA ($4.10) and challenge the overhead resistance at the 50-day SMA ($4.32). If this level is cleared, the DOT/USDT pair could surge to the downtrend line. The bulls will have to overcome this barrier to signal a potential trend change.

The important support to watch on the downside is $3.91. A break below this level will suggest the resumption of the downtrend toward $3.58.

Polygon price analysis

Polygon (MATIC) turned up from $0.50 on Sep. 28 indicating solid buying at lower levels. The price has reached the 20-day EMA ($0.52), which is an important level to keep an eye on.

The positive divergence on the RSI indicates that the selling pressure is reducing. That enhances the prospects of a break above the moving averages. The MATIC/USDT pair could then retest the overhead resistance at $0.60. The bears are expected to protect this level with vigor.

If bears want to maintain their control, they will have to yank the price below the strong support at $0.49. If this support gives way, the pair may drop to $0.45.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Bitcoin, and even some altcoins are holding steady even as the US dollar index steamrolls to a near 1-year high.

Bitcoin (BTC) managed to stay above the $26,000 level even as the S&P 500 tumbled to a three-month low and the US dollar index (DXY) rose to a new year-to-date high. This is a mildly positive sign as it shows a lack of aggressive selling at lower levels.

Bitcoin remains stuck inside a range and the directionless price action has kept the traders on the sidelines. Bitcoin’s daily spot exchange transactions topped 600,000 in March but dwindled down to 8,000-15,000 last week, according to new research from on-chain analytics platform CryptoQuant. Low liquidity could lead to volatile moves in either direction, hence traders should be careful and wait for confirmations rather than taking positions on every intraday breakout.

The near-term price action remains uncertain but that has not deterred the long-term bulls from adding Bitcoin to their portfolio. MicroStrategy co-founder and executive chairman Michael Saylor announced on X (formerly Twitter) that the firm had acquired 5,445 Bitcoin at an average price of $27,053 per Bitcoin.

Could Bitcoin and select altcoins start a short-term up-move? Let’s study the charts of the top 10 cryptocurrencies to find out.

Bitcoin price analysis

Bitcoin is witnessing a tough battle between the bulls and the bears near the 20-day exponential moving average ($26,436). The bulls pushed the price above the 20-day EMA on Sep. 27 but could not clear the 50-day simple moving average ($26,757).

This indicates that the bears have not given up and are selling the rallies to the 50-day SMA. The bears will have to pull the price below $25,990 to clear the path for a potential fall to $24,800. This level is likely to attract solid buying by the bulls.

On the upside, the first sign of strength will be a break and close above the 50-day SMA. The BTC/USDT pair may then rise to $27,500 and subsequently to the overhead resistance at $28,143. The bears are expected to defend this level with all their might.

Ether price analysis

Ether (ETH) is trying to start a recovery. The price rose above the 20-day EMA ($1,614) on Sep. 27 but the bulls could not hold on to the intraday rally. This shows that the higher levels continue to attract sellers.

The bullish divergence on the relative strength index (RSI) favors the buyers. If they retain the price above the 20-day EMA, the ETH/USDT pair could first rise to the 50-day SMA ($1,668) and thereafter attempt a rally to the overhead resistance at $1,746.

Contrary to this assumption, if the price remains below the 20-day EMA, it will suggest that the bears are in command. The sellers will then try to yank the price below the important support at $1,531. If that happens, the pair may crash to $1,368.

BNB price analysis

BNB (BNB) remains below the breakdown level of $220 but a positive sign is that the bulls have not allowed the price to slip below $203.

The 20-day EMA ($213) is flattening out and the RSI is just below the midpoint, indicating a balance between supply and demand. This equilibrium will tilt in favor of the bulls if they kick the price above $220. The BNB/USDT pair could then ascend to $235.

On the contrary, if the price continues lower and breaks below $203, it will signal that the bears have asserted their supremacy. The pair may then start the next leg of the downtrend to the strong support at $183.

XRP price analysis

Buyers tried to thrust XRP (XRP) above the 20-day EMA ($0.50) on Sep. 25 but the bears held their ground.

The price action of the past few days has formed a symmetrical triangle pattern, indicating indecision between the bulls and the bears.

Sellers will try to gain the upper hand by dragging the price below the uptrend line. If they are successful, the XRP/USDT pair may descend to $0.46 and then to $0.41.

Contrarily, if the price turns up and breaks above the resistance line, it will indicate that bulls are trying to seize control. The pair may then climb to the overhead resistance at $0.56.

Cardano price analysis

Cardano (ADA) bounced off the vital support at $0.24 on Sep. 25 but the bulls are struggling to push the price above the 20-day EMA. This may result in more selling.

The $0.24 level is likely to witness a tough battle between the bulls and the bears. If the $0.24 support gives way, the ADA/USDT pair will complete a bearish descending triangle pattern. The pair may then start a downward move to $0.22 and subsequently to the pattern target of $0.19.

Contrary to this assumption, if the price turns up and breaks above the downtrend line, it will invalidate the bearish setup. The pair may then start an up-move to $0.29.

Dogecoin price analysis

The bears pulled Dogecoin (DOGE) below the $0.06 support on Sep. 26 but the long tail on the candlestick shows buying at lower levels.

However, the gradually downsloping 20-day EMA ($0.06) and the RSI in the negative territory indicate that bears remain in command. Sellers will make another attempt to sink and sustain the price below $0.06. If they can pull it off, the DOGE/USDT pair may plummet to the next significant support at $0.055.

Alternatively, if the price turns up from the current level and rises above the 20-day EMA, it will signal that the bulls are on a comeback. The pair could first rally to $0.07 and thereafter dash toward $0.08.

Solana price analysis

The failure of the bulls to propel Solana (SOL) above the 20-day EMA ($19.42) in the past few days shows that the bears are aggressively protecting the level.

The price has turned down from the 20-day EMA and the bears will try to build upon their advantage by pulling the SOL/USDT pair below the nearest support at $18.50. If this level cracks, the selling could pick up and the next stop is likely to be $17.33.

On the contrary, if the price bounces off $18.50, it will suggest buying on dips. The bulls will then again try to shove the price above the moving averages. If they do that, the pair may jump to $22.30.

Related: Bitcoin price to $30K in October, says analyst as BTC price climbs 2%

Toncoin price analysis

Toncoin (TON) has dropped to the 20-day EMA ($2.11) which is an important level to keep an eye on. In an uptrend, buyers generally buy the dips to the 20-day EMA.

Here too, the bulls purchased the fall to the 20-day EMA on Sep. 27 but the long wick on the candlestick shows that the bears are selling at higher levels. If buyers maintain the price above the 20-day EMA, the TON/USDT pair will attempt a rally to the 61.8% Fibonacci retracement level of $2.40.

Meanwhile, sellers are likely to have other plans. They will try to yank the price below $2.07 and extend the correction to the next major support at the 50-day SMA ($1.76).

Polkadot price analysis

Polkadot (DOT) has remained stuck below the 20-day EMA ($4.10) for the past several days, suggesting that the bears are fiercely defending the level.

The RSI is showing signs of forming a bullish divergence but the buyers will have to clear the overhead hurdle at $4.22 to reduce the selling pressure. If that does not happen, the risk of a further fall remains.

If the DOT/USDT pair continues lower and skids below the immediate support at $3.91, it will indicate the start of the next leg of the downtrend. The next support on the downside is at $3.58.

Polygon price analysis

Polygon (MATIC) bounced off the critical support at $0.51 on Sep 25 but the bulls could not push the price above the 20-day EMA ($0.53).

This suggests that the sentiment remains negative and traders are selling on rallies. The bears will try to sink the price below the Sep. 11 intraday low of $0.49. A collapse of this support will indicate the resumption of the downtrend.

A minor ray of hope for the bulls is that the RSI is forming a bullish divergence. Buyers will have to drive and sustain the price above the 20-day EMA to signal the start of a sustained recovery. The MATIC/USDT pair could then rally to the 50-day SMA ($0.56).

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.