Kryptodata

  • Market Cap: $2,530,755,380,393.03
  • 24h Vol: $136,149,604,150.42
  • BTC Dominance: 51.38%
August 18 Price Analysis: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, LTC

August 18 Price Analysis: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, LTC

Bitcoin and major altcoins are experiencing intense selling, with the market sell-off not yet complete.

The decline in Bitcoin may have been triggered by confusion surrounding SpaceX’s alleged write-down of its Bitcoin holdings.

Bitcoin’s price may rebound from the $24,800 level, but if it turns down from the 20-day EMA, it could drop to $20,000.

Ether turned down and broke below the support at $1,816, indicating bearish control. It may consolidate between $1,626 and $2,000.

BNB broke below the symmetrical triangle pattern and may drop to $196 and then $183 if it fails to rise above $220.

XRP tumbled below the breakout level of $0.56 and may face resistance at $0.56 and the 20-day EMA.

Cardano dropped below the descending channel pattern and may retest the support at $0.24. A break below this level could signal a downtrend.

Solana broke below moving averages and horizontal support at $22.30. It may fall to $18 and eventually $14 if it fails to rise above the 20-day EMA.

Dogecoin slipped below the support line of the ascending channel pattern and may plummet toward $0.05 if it sustains below $0.06.

Polkadot’s tight range trading expanded to the downside, and it may start the next leg of the downtrend if it breaks below the support at $4.22.

Polygon broke below the support at $0.65 and may retest the support at $0.50. A break below this level could lead to further decline.

Litecoin broke below the support at $81 and may form a range between $56 and $74. A break below $56 could extend the decline to $50.

Summary:

– Bitcoin and major altcoins are experiencing intense selling.

– Bitcoin may rebound from $24,800 but could drop to $20,000 if it turns down from the 20-day EMA.

– Ether may consolidate between $1,626 and $2,000.

– BNB may drop to $196 and then $183 if it fails to rise above $220.

– XRP may face resistance at $0.56 and the 20-day EMA.

– Cardano may retest the support at $0.24 and could signal a downtrend if it breaks below.

– Solana may fall to $18 and eventually $14 if it fails to rise above the 20-day EMA.

– Dogecoin may plummet toward $0.05 if it sustains below $0.06.

– Polkadot may start the next leg of the downtrend if it breaks below $4.22.

– Polygon may retest the support at $0.50 and could decline further if it breaks below.

– Litecoin may form a range between $56 and $74, with a break below $56 extending the decline to $50.

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