Coin Price Analysis on 12/27: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, AVAX, LINK, TON

Bitcoin’s bulls attempted to push the price higher on December 27, but faced strong resistance. Despite this, there was a positive sign as United States Bitcoin exchange-traded funds (ETFs) investors resumed their purchases, with net inflows of $475.2 million on December 26. However, some analysts, like Chartered Market Technician Aksel Kibar, are cautious, pointing out a bearish head-and-shoulders pattern that could lead Bitcoin to $80,000.

As Bitcoin’s price stalls, attention is turning to altcoins, with analysts predicting that they might offer better risk-to-reward opportunities compared to Bitcoin at the moment. Support levels on both Bitcoin and altcoins are crucial in attracting buying interest. Let’s dive into the top 10 cryptocurrencies to have a closer look at their price charts.

Bitcoin has slipped below the 50-day moving average, indicating bearish pressure. If the price falls below $90,000, the next support levels are at $85,000 and $73,777. On the upside, breaking and holding above $100,000 could lead to new highs for Bitcoin.

Ether turned down from the 20-day EMA, with support levels at $3,200, $3,000, and $2,850. Breaking and staying above the 20-day EMA could signal reduced selling pressure, with potential rallies towards $3,555 and beyond.

XRP closed below the 20-day EMA and is expected to trade within a symmetrical triangle pattern. The next move may be triggered by a breakout above or below the triangle, with potential targets at $2.91 and $1.62.

BNB attempted to break out of overhead resistance at $722 but was met with selling pressure. A break below the 20-day EMA could lead to a decline to $668 and $635, while a rebound may push the price towards $760.

Solana faced rejection at the 20-day EMA, with potential support at the uptrend line. Breaking above the EMA could lead to a rally towards $221.

Dogecoin’s relief rally was short-lived, with potential support at $0.30 and $0.27. Maintaining above key moving averages could indicate the correction is over, with a possible rally towards $0.43.

Cardano’s relief rally was halted at the neckline of a bearish pattern, with support at $0.80. Breaking above $0.96 could signal the correction is over, with targets at $1 and $1.20.

Avalanche’s recovery stalled at moving averages, with support at $35.50 and $33.50. A break above the 20-day EMA could trigger a recovery towards $44.70 and $47.31.

Chainlink broke below support at $23, with potential downside targets if the bears maintain control. The 20-day EMA turning down and RSI below the midpoint suggest bearish pressure.

As the cryptocurrency market remains volatile, it’s essential to keep an eye on these key support and resistance levels to navigate potential price movements.