Price prediction for 8 cryptocurrencies on February 26, 2022

Bitcoin is showing higher daily lows, while altcoins are holding positions, showing that prices have bottomed out. Against the backdrop of global news, gold is getting cheaper. The United States stock market is also recovering.

According to the co-founder of IoTeX, there is no need to rush and sell bitcoins and altcoins, believing that it will be possible to acquire digital currency later and cheaper. Coins may go up in price and reach new ATH (highs) in 2022. Let's study the charts of the leading cryptocurrencies to find out the forecast for the near future.

Bitcoin (BTC)

The bears tried to break the bottom below the support level at $36.2 thousand. However, the bulls repaid the failure by buying cryptocurrency at low prices.

If traders try and manage to push the price above the moving average, bitcoin could reach $45.8 thousand. The longer the price stays above this level, the higher the chances that the price of the cryptocurrency will not fall.

If you fail to hold on, bitcoin will begin to fall under the pressure of bears who want to lower the price below $36.2 thousand. In this case, the levels of $34.3 and $32.9 thousand may provide support.

 

 

Ethereum (ETH)

The second most important cryptocurrency broke through the support level, and its price fell to low levels. However, the bears failed to hold their positions, as buyers massively bought the cryptocurrency at a reduced cost.

Their plans include raising the price of the cryptocurrency above the moving averages in order to get close to the upper resistance bar of the triangle. A break above could form an uptrend.

If this fails and the bears are stronger, then the price will fall to $2300, and if this support level fails, then the price will fall below $2159.

Binance Coin (BNB)

The cryptocurrency of the largest exchange BINANCE decreased in price, being at the level of $320-$330. Further, the fall stopped, and the price bounced back to $350. The bulls are trying to break through the level of moving averages, where the bears will actively resist. If the cryptocurrency overcomes the level of $411, it can go higher - up to $445.

Ripple (XRP)

The digital currency was falling in price, but the bears failed to break through the $0.62 level. True, the coin did not go above the 50-day SMA ($0.72).

The bulls are trying to push the price of XRP above this level. If the cryptocurrency steps over the downtrend line, then it will change in favor of the growing market. The price will rise to $0.91 and then $1.

If it goes down, then the bears will have the opportunity to push through their policy. Cryptocurrency will become cheaper. Support will be $0.62-$0.55.

Cardano (ADA)

The digital currency is trading at a significantly reduced price. Its cost is less than one dollar. Bull traders did their best and bought ADA when the bears pushed the price towards $0.74.

The RSI is still below 37. Therefore, if the price drops to $0.90, then a retest of the $0.74 level is likely. If the cost goes higher, then it can reach $1. This may result in an exit from the downlink.

Solana (SOL)

The recovery from $24 allowed the cryptocurrency to rise above $81. Strong purchases at a reduced cost helped achieve this. Ahead — the level of $110. This is the 50 day SMA.

With an increase in the activity of the bulls, it is possible to reach $122. A break above will allow it to reach $163. If the bears become active, a resumption of the downtrend below $81 is possible. If the sellers increase their influence, then the cryptocurrency could fall in price to $75.

Avalanche (AVAX)

The cryptocurrency rose above the moving average, but then it faced strong sales. The price of the coin reached $64. The RSI is still slightly below the midline, so the bears have a slight advantage. Possible reduction to $51.

Dogecoin (DOGE)

The price of the meme-cryptocurrency was declining, but bounced back to $0.10. Then it rose above $0.12. At higher prices, there is no demand, which means that further growth is not expected yet. A break below will see the price drop to $0.06. In case of a breakout, growth to $0.17 is likely.

If you decide to try your hand at the world of cryptocurrencies, do it with a trusted and reliable partner - BINANCE

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CoinShark is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. This article is for informational purposes, prepared on the basis of materials and information from open sources. Cryptocurrency is a high-risk asset, investments in it can lead to losses. Readers should do their own research before taking any action.