时间：2024-02-26|浏览：202
After once rising to close to US$53,000, Bitcoin's rise has paused. It has recently fluctuated between US$50,000 and US$53,000. As of today (26th), the price of Bitcoin is US$51,447 at the time of writing. Although bears have exerted force recently, strong US stocks, halving events and Bitcoin spot ETF inflows may limit Bitcoin's downward trend.
Judging from the daily trend, Bitcoin has been supported near $50,500 and found resistance near $53,000. However, both moving averages are rising, and the relative strength index (RSI) also remains in the buying zone, indicating that bulls still have the upper hand.
As Bitcoin oscillates, is it altcoins’ turn to perform?
Ethereum ($ETH) has been in a strong uptrend over the past few days, and while it briefly found resistance near $3,000, there has been only a minor correction, representing bulls' reluctance to let go.
Looking at the daily trend, Ethereum’s 20-day exponential moving average EMA (near $2,784) is moving upwards, while the RSI has entered overbought territory, indicating that bulls are in control. If the closing price can stabilize at $3,000, it may start the next stage of the upward trend, with targets at $3,300 and $3,650 respectively.
On the other hand, if $ETH falls below $3,000, the first support level below is $2,850. A further break below the 20-day EMA would mean that bulls may rush to take profits, risking a fall back to $2,717 and the 50-day EMA (near $2,527).
Uniswap recently announced a governance proposal to distribute project fee income to $UNI stakers, attracting attention from the currency community. Boosted by the news, $UNI soared by more than 60% in just one hour, and was quoted at $11.32 at the time of writing.
$UNI found significant resistance at $12.85 after a surge that triggered a sharp retracement, but is expected to find support at the 50% Fibonacci retracement level ($9.91). If $UNI rises from the current price, it is expected to challenge the two resistance levels of $11.63 and $12.85, with an upper target price of $17.
On the other hand, if $UNI falls below $9.91, it could head towards $9.21, the 61.8% Fibonacci retracement level. Generally speaking, if even the 61.8% point is broken, it means that the upward trend has ended.
Filecoin ($FIL) has broken through the $8.12 resistance level in the past few days, but there is still significant selling pressure near this point. On February 25, $FIL once again challenged the resistance between $8.12 and $8.57. If it ultimately succeeds, it will represent the resumption of the upward trend and may be expected to challenge the integer resistance of $10.
On the other hand, if $FIL pulls back sharply and falls below $7.7, it may fall back to the 20-day EMA (near $6.74), predicting that this point may become strong support for $FIL in the short term.
Graph ($GRT) broke above the resistance above $0.23, signaling that the uptrend has resumed.
Judging from the daily trend, $GRT is currently facing resistance near $0.3, but a positive sign is that $GRT has not fallen below the key support of $0.23, which means that the market is buying on dips.
If $GRT remains above $0.3, it may surge to $0.37, but investors should also pay attention to the RSI, which has entered the overbought zone, which means that a short-term correction or consolidation may occur. If $GRT breaks below the 20-day EMA (near $0.22), the trend will turn bearish.
As expected, the market fluctuated within a narrow range. It has been fluctuating up and down in the range of 51000-52000. The intraday operating space is small. It is worth noting that the market of Ether has begun to be stronger than the market. With the trend of small steps, Ethereum has arrived. Around 3100, this is also in line with the upcoming Cancun upgrade!
At present, the hot sector is still the artificial intelligence sector. From the year before to now, the overall market has risen for about 20 days. The sector effects that can be seen currently are the Ai track and the Defi track. It is not that other tracks have not risen. It’s just that it hasn’t reached the feeling of plate rotation, so the market is still in the early stages. Everyone must have faith. The bull market must be sustained!
March is an important month for Cancun upgrades. This round is very likely that Ether will lead the entire track to take off. The focus is still on Op and the Arb series of currencies. Op has been consolidating. As long as it breaks through, it will inevitably break through to new highs!
If you exit at a high position, changing positions may be the most correct choice.
Later, we will bring you analysis of leading projects on other tracks. If you are interested, please click follow. I will also compile some cutting-edge information inquiries and project reviews from time to time, and welcome like-minded people in the currency circle to explore together. If you have any questions, please comment or send a private message
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