Kryptodata

  • Market Cap: $2,570,095,572,556.23
  • 24h Vol: $96,462,998,023.59
  • BTC Dominance: 51.91%
10/4 Price Analysis: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Solana (SOL), Cardano (ADA), Dogecoin (DOGE), TON Crystal (TON), Polkadot (DOT), and Polygon (MATIC)

10/4 Price Analysis: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Solana (SOL), Cardano (ADA), Dogecoin (DOGE), TON Crystal (TON), Polkadot (DOT), and Polygon (MATIC)

Bitcoin is consolidating at the top of its range, boosting traders’ confidence in altcoins.

US 10-year Treasury yields have reached their highest level since 2007, raising concerns of a recession.

Institutional investors are showing increasing interest in cryptocurrencies, with inflows of $21 million into digital asset investment products.

Bitcoin’s price is currently facing resistance at $28,143, but a close above this level could signal a short-term double bottom pattern with a target objective of $31,486.

Ether turned down sharply from the overhead resistance of $1,746, but if it can rebound from current levels, it may attempt to overcome the obstacle and reach $1,961.

BNB failed to sustain a breakout above the $220 resistance, indicating bearish sentiment. It may fall to the uptrend line before attempting another push above $220.

XRP broke out of a symmetrical triangle pattern and is now attempting to surmount the overhead resistance at $0.56. A successful break above this level could start a new uptrend.

Solana has formed a potential inverse head and shoulders pattern within its range. If the price breaks above the neckline, it could rally to $27.12 and eventually reach the pattern target of $32.81.

Cardano turned down from $0.27 and is currently testing the 20-day EMA. A rebound from this level could indicate a change in sentiment and a push towards $0.29 and $0.32.

Dogecoin is facing strong selling pressure and has reached a formidable support level at $0.06. A break below this level could lead to a drop to $0.055.

Toncoin fell below the 20-day EMA and is now testing the 50-day SMA. A rebound from this level could signal bullish sentiment, while a rejection could lead to a drop below the 50-day SMA.

Polkadot turned down from the 50-day SMA and broke below the 20-day EMA. However, strong buying at lower levels suggests a potential recovery. A break above the 20-day EMA could keep the price range-bound.

Polygon bounced on Oct. 4, indicating buyers’ attempt to take charge. If the price can break above the overhead resistance at $0.60, it may start a sustained recovery towards $0.70.

– Bitcoin is consolidating at the top of its range, inspiring confidence in altcoins.

– US 10-year Treasury yields have reached their highest level since 2007, raising concerns of a recession.

– Institutional investors are showing interest in cryptocurrencies, with inflows of $21 million into digital asset investment products.

– Bitcoin’s price is facing resistance at $28,143, but a close above this level could signal a short-term double bottom pattern.

– Ether turned down sharply from resistance at $1,746, but a rebound could lead to a push towards $1,961.

– BNB failed to sustain a breakout above $220, indicating bearish sentiment.

– XRP broke out of a symmetrical triangle pattern and is attempting to surmount resistance at $0.56.

– Solana has formed a potential inverse head and shoulders pattern within its range.

– Cardano turned down from $0.27 and is testing the 20-day EMA.

– Dogecoin is facing strong selling pressure and has reached a formidable support level at $0.06.

– Toncoin fell below the 20-day EMA and is testing the 50-day SMA.

– Polkadot turned down from the 50-day SMA but saw strong buying at lower levels.

– Polygon bounced on Oct. 4, indicating buyers’ attempt to take charge.

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