{"id":188118,"date":"2021-02-24T23:14:34","date_gmt":"2021-02-24T20:14:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/price-analysis-2-24-btc-eth-bnb-dot-ada-xrp-ltc-link-bch-xlm\/"},"modified":"2021-02-24T23:14:34","modified_gmt":"2021-02-24T20:14:34","slug":"price-analysis-2-24-btc-eth-bnb-dot-ada-xrp-ltc-link-bch-xlm","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/price-analysis-2-24-btc-eth-bnb-dot-ada-xrp-ltc-link-bch-xlm\/","title":{"rendered":"# Price analysis 2\/24: BTC, ETH, BNB, DOT, ADA, XRP, LTC, LINK, BCH, XLM"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3be73dae034\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3be73dae034\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/price-analysis-2-24-btc-eth-bnb-dot-ada-xrp-ltc-link-bch-xlm\/#BTCUSD\" >BTC\/USD<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/price-analysis-2-24-btc-eth-bnb-dot-ada-xrp-ltc-link-bch-xlm\/#ETHUSD\" >ETH\/USD<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/price-analysis-2-24-btc-eth-bnb-dot-ada-xrp-ltc-link-bch-xlm\/#BNBUSD\" >BNB\/USD<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/price-analysis-2-24-btc-eth-bnb-dot-ada-xrp-ltc-link-bch-xlm\/#DOTUSD\" >DOT\/USD<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/price-analysis-2-24-btc-eth-bnb-dot-ada-xrp-ltc-link-bch-xlm\/#ADAUSD\" >ADA\/USD<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/price-analysis-2-24-btc-eth-bnb-dot-ada-xrp-ltc-link-bch-xlm\/#XRPUSD\" >XRP\/USD<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/price-analysis-2-24-btc-eth-bnb-dot-ada-xrp-ltc-link-bch-xlm\/#LTCUSD\" >LTC\/USD<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/buradabiliyorum.com\/en\/price-analysis-2-24-btc-eth-bnb-dot-ada-xrp-ltc-link-bch-xlm\/#LINKUSD\" >LINK\/USD<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/buradabiliyorum.com\/en\/price-analysis-2-24-btc-eth-bnb-dot-ada-xrp-ltc-link-bch-xlm\/#BCHUSD\" >BCH\/USD<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/buradabiliyorum.com\/en\/price-analysis-2-24-btc-eth-bnb-dot-ada-xrp-ltc-link-bch-xlm\/#XLMUSD\" >XLM\/USD<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Price analysis 2\/24: BTC, ETH, BNB, DOT, ADA, XRP, LTC, LINK, BCH, XLM <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Institutional investors continue to pour money into the crypto sector even with the current dip below $45,000. On Feb.24, business intelligence firm MicroStrategy announced that it had recently purchased over $1 billion worth of Bitcoin (BTC) at an average rate of $52,765 per coin. This takes the company\u2019s total holding to 90,531 Bitcoin.<\/p>\n<p>Another company that bought Bitcoin during the current market correction is Square. The company said it had acquired roughly \u201c3,318 Bitcoin at an aggregate purchase price of $170 million.\u201d<\/p>\n<p>These purchases by institutional investors show they are bullish on the long-term prospects of Bitcoin and believe that it is a good buy near $50,000. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/43c5c5da-b777-4f6b-83b0-e2a440efd59b.png\"><figcaption style=\"text-align: center;\"><em>Daily cryptocurrency market performance. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coin360.com\/\"><em>Coin360<\/em><\/a><\/figcaption><\/figure>\n<p>While the institutional purchases are a bullish sign, traders must also remember that for every buyer, there is a seller. Glassnode data suggests that Bitcoin whales, holding between 1,000 Bitcoin to 10,000 Bitcoin and \u201chumpback whales\u201d holding more than 10,000 Bitcoin have sold more than 140,000 Bitcoin in February. <\/p>\n<p>In the past, the whales swayed the crypto markets at their will. But the entry of institutional investors has reduced their dominance. Therefore, along with the whales, traders must also keep an eye on the institutional activity.<\/p>\n<p>While large investors can buy and hold for the long-term, the smaller investor would do well to buy at the right time to make the most of the limited available capital. Let\u2019s study the charts of the top-10 cryptocurrencies to determine the trend.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<h2><span class=\"ez-toc-section\" id=\"BTCUSD\"><\/span>BTC\/USD<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bitcoin\u2019s pullback from the 20-day exponential moving average ($48,323) on Feb. 22 was greeted with aggressive selling on February 23. The bears dragged the price below the channel, but the long tail on the day\u2019s candlestick shows buying at lower levels.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/95b5659d-e810-4a37-94ae-2b4ca66d69d6.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USDT daily chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>The buyers are currently attempting to keep the BTC\/USD pair inside the channel. However, the inside day candlestick pattern today suggests indecision among the bulls and the bears. The flat 20-day EMA and the relative strength index (RSI) just above the midpoint also suggest a balance between supply and demand.<\/p>\n<p>If the bulls can sustain the price above $50,000, the pair will try to rise to the resistance line of the ascending channel. The next leg of the uptrend may begin after the price breaks above the all-time high at $58,341.03.<\/p>\n<p>Contrary to this assumption, if the bears again sink the price below the channel, the pair may drop to $45,000 and then to the 50-day simple moving average ($40,541). A break below this support could signal a deeper correction to $28,850.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"ETHUSD\"><\/span>ETH\/USD<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Ether (ETH) fell below the support line of the ascending channel and the 50-day SMA ($1,487) on Feb. 23, but the bulls purchased the dip and managed to keep the price inside the channel.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/ac2826c8-3a8e-4bd7-a047-7d2aadb128af.png\"><figcaption style=\"text-align: center;\"><em>ETH\/USDT daily chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSDT\/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>The bulls are currently attempting to push the price above the 20-day EMA ($1,728). If they succeed, the ETH\/USD pair may again try to rise to the resistance line of the channel.<\/p>\n<p>However, the 20-day EMA has started to turn down and the RSI is near the midpoint, which suggests that the bears are trying to make a comeback. <\/p>\n<p>If the price turns down from the 20-day EMA, the bears will once again try to sink and sustain the pair below the 50-day SMA. If they can manage to do that, the pair may enter a deeper correction and slump to $1,000.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"BNBUSD\"><\/span>BNB\/USD<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Binance Coin (BNB) remains volatile within a large intraday trading range. The bears pulled the price down to the 20-day EMA ($182) on Feb. 23 but the altcoin made a smart recovery as seen from the long tail on the day\u2019s candlestick. <\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for BNB on Feb. 23 prior to the recent price rise. <\/p>\n<p>The VORTECS\u2122 score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> activity.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/0f3b59c7-34a8-411e-b81b-7e366a664c7e.PNG\"><figcaption style=\"text-align: center;\"><em>Cointelegraph Markets Pro<\/em><em> &#8211; VORTECS\u2122 Score (green) vs. BNB price<\/em><\/figcaption><\/figure>\n<p>Even as Binance Coin\u2019s price started to correct from $273 on Feb. 23, the VORTECS\u2122 score started to turn up from 71. <\/p>\n<p>The score reached 82 just after the announcement of UFT token listing on Binance and this was followed by several other revelations related to BNB\u2019s integration to the DeFi space. Following these announcements and the bullish outlook seen in the VORTECS\u2122score, BNB price started to rally from $201. <\/p>\n<p>That was soon followed by a sharp recovery in the price. After a brief dip, the VORTECS\u2122 score started to strengthen from 71 and reached 80 as the price recovered to $271 on Feb. 24. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/078388a8-885e-4caa-9fa0-98be7a263b12.png\"><figcaption style=\"text-align: center;\"><em>BNB\/USDT daily chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BNBUSDT\/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>The bulls are currently attempting to push the price above the downtrend line, but the long wick on the candlestick shows selling at higher levels. <\/p>\n<p>If the price again turns down from the downtrend line, the BNB\/USD pair could drop to the 20-day EMA. A break below this support could intensify the selling and drag the price down to $118.<\/p>\n<p>Conversely, if the bulls can push and sustain the price above the downtrend line, the BNB\/USD pair may rally to $300 and then to $348.6969. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"DOTUSD\"><\/span>DOT\/USD<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The long tail on the Feb. 22 and 23 candlesticks shows that traders are aggressively buying the dip in Polkadot (DOT). <\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for Polkadot on Feb. 23, prior to the relief rally from the intraday lows.<\/p>\n<p>The VORTECS\u2122 score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/672a8c7c-3525-4a80-bf8d-3baae2db6500.PNG\"><figcaption style=\"text-align: center;\"><em>Cointelegraph Markets Pro<\/em><em> &#8211; VORTECS\u2122 Score (green) vs. DOT price<\/em><\/figcaption><\/figure>\n<p>The VORTECS\u2122 score for DOT moved above 70 on Feb. 23 when the price was at $36.78. Even as the price continued to fall, the VORTECS\u2122 score reached 82 when DOT\u2019s price was below $30. This strength in the VORTECS\u2122 score was followed by a sharp recovery in price to $36 on Feb. 24. <\/p>\n<p>DOT\u2019s recovery coincided with the rebound in most major cryptocurrencies, which followed Bitcoin\u2019s relief rally from the $45,000 intraday low made on Feb. 23 to about $50,000 on Feb. 24. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/847d83db-57a1-412e-adec-0dc5111e40ab.png\"><figcaption style=\"text-align: center;\"><em>DOT\/USDT daily chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/DOTUSDT\/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>The bulls are currently attempting to push and sustain the price back above the resistance line of the ascending channel. If they succeed, the DOT\/USD pair may rally to $42.2848.<\/p>\n<p>A breakout and close above the all-time high could open the gates for a rally to the psychological level at $50. The upsloping moving averages and the RSI near the overbought territory suggest advantage to the bulls.<\/p>\n<p>This bullish view will invalidate if the pair turns down sharply from the current levels and plummets below the support line of the ascending channel.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"ADAUSD\"><\/span>ADA\/USD <span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The bears once again tried to sink Cardano (ADA) below the 20-day EMA ($0.867) on Feb. 23 but failed. This shows the sentiment remains positive and traders are viewing the dips as a buying opportunity.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/334af84f-d9cb-4df0-a7c1-7b86ef0e2345.png\"><figcaption style=\"text-align: center;\"><em>ADA\/USDT daily chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/ADAUSDT\/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>The bulls have again pushed the price above $0.9817712. If they can sustain the price above the psychological level at $1, a retest of $1.1980811 is possible. A breakout and close above this resistance may signal the resumption of the uptrend.<\/p>\n<p>Both moving averages are sloping up and the RSI is near the overbought territory. This suggests the path of least resistance is to the upside.<\/p>\n<p>This bullish view will be negated if the price turns down and breaks below the 20-day EMA. Such a move could pull the ADA\/USD pair down to $0.6879684.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"XRPUSD\"><\/span>XRP\/USD<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>XRP has been all over the place in the past few days. After the bulls failed to sustain the price above $0.65 on Feb. 22, the altcoin witnessed intense selling pressure and plunged to $0.365 on Feb. 23. However, the long tail on the day\u2019s candlestick shows aggressive buying at lower levels.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/35821c11-a431-4951-a177-5c68fff1219c.png\"><figcaption style=\"text-align: center;\"><em>XRP\/USDT daily chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>Buying on dips and selling on rallies is a sign of consolidation. The XRP\/USD pair could trade between $0.359 and $0.65 for a few days. The flattish 20-day EMA ($0.499) and the RSI near 50 also point to a possible range-bound action for a few days.<\/p>\n<p>The next trending move could start after the bulls push and sustain the price above $0.65 or the bears sink the pair below $0.359. Until then, volatile range-bound action is likely to continue.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"LTCUSD\"><\/span>LTC\/USD<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The failure of the bulls to build upon Litecoin\u2019s (LTC) recovery on Feb. 22 shows a possible change in sentiment. Traders seem to be using the rallies to book profits. The altcoin turned down on Feb. 23 and this may have caught the aggressive bulls on the wrong foot, resulting in liquidation of long positions. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/6215dcfa-c858-4222-84a4-48d98dd33702.png\"><figcaption style=\"text-align: center;\"><em>LTC\/USDT daily chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/LTCUSDT\/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>The LTC\/USD pair broke below the 50-day SMA ($166) on Feb. 23, but the bulls defended the uptrend line. However, any relief rally is likely to face stiff resistance at the 20-day EMA ($195) that has started to turn down.<\/p>\n<p>If the bulls fail to drive the price above the 20-day EMA, the pair may witness one more bout of selling that could pull the price down to the $120 support.<\/p>\n<p>This negative view will invalidate if the bulls can push and sustain the price above the 20-day EMA. Above this level, a retest of $246.9679 may be on the cards.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"LINKUSD\"><\/span>LINK\/USD<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Chainlink (LINK) plunged below the support line of the ascending channel on Feb. 23 and this could have tr<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ed the aggressive bulls who had purchased the dip on Feb. 22. Stop losses may have triggered below $25.2312, which pulled the price down to the critical support at $20.1111.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/8b2f91ab-c927-4657-8861-a02e3f36d953.png\"><figcaption style=\"text-align: center;\"><em>LINK\/USDT daily chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/LINKUSDT\/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>The dip buyers purchased the fall on Feb. 23 and are currently attempting to push the price back into the ascending channel. However, the buyers are likely to face stiff resistance at the 20-day EMA ($29.58).<\/p>\n<p>If the price turns down from the 20-day EMA, it will indicate that traders are selling on rallies. The bears will then try to sink the price back below the 50-day SMA and retest the $20.1111 support.<\/p>\n<p>This negative view will invalidate if the bulls can push and sustain the price inside the ascending channel. Such a move could result in a rally to $34 and then to $36.9307.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"BCHUSD\"><\/span>BCH\/USD<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bitcoin Cash (BCH) sold off on Feb. 23 and broke below the 50-day SMA ($514). However, the bulls purchased the dip to the uptrend line and are currently attempting to push the price back above the $539 resistance.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/95167743-efd1-4407-b9ef-79d9f5f03980.png\"><figcaption style=\"text-align: center;\"><em>BCH\/USD daily chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BCHUSD\/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>The 20-day EMA ($596) has turned down and the RSI is just below the midpoint, suggesting a marginal advantage to the bears. <\/p>\n<p>The sellers are likely to defend the 20-day EMA. If the price turns down from this resistance, it will suggest that traders are selling on rallies. A break and close below the uptrend line could clear the path for a decline to $370.<\/p>\n<p>Contrary to this assumption, if the bulls can push and sustain the price above the 20-day EMA, the BCH\/USD pair may rise to $631.71 and then to $745.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"XLMUSD\"><\/span>XLM\/USD<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Stellar Lumens (XLM) plunged below the $0.35 support on Feb. 23, but the long tail on the day\u2019s candlestick suggests the bulls bought the dip. The altcoin is currently trading inside a descending channel.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/8905d47b-5f0f-4642-9674-298c5d1e4e94.png\"><figcaption style=\"text-align: center;\"><em>XLM\/USDT daily chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/XLMUSDT\/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>If the bulls can push the price above the 20-day EMA ($0.439), the XLM\/USD pair could rise to the resistance line of the channel. A breakout of the channel will indicate that the bulls are back in the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>. The buyers will then try to propel the price to $0.600681.<\/p>\n<p>On the contrary, if the price turns down from the 20-day EMA and plummets below $0.35, it could open the doors for a deeper correction to $0.23. <\/p>\n<p>The flat 20-day EMA and the RSI near the midpoint do not indicate a clear advantage either to the bulls or the bears.<\/p>\n<p><em>The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.<\/em><\/p>\n<p><em>Market data is provided by <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/hitbtc.com\/\"><em>HitBTC<\/em><\/a><em> exchange.<\/em><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/price-analysis-2-24-btc-eth-bnb-dot-ada-xrp-ltc-link-bch-xlm\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Price analysis 2\/24: BTC, ETH, BNB, DOT, ADA, XRP, LTC, LINK, BCH, XLM &#8221; Institutional investors continue to pour money into the crypto sector even with the current dip below $45,000. On Feb.24, business intelligence firm MicroStrategy announced that it had recently purchased over $1 billion worth of Bitcoin (BTC) at an average rate&#8230;<\/p>\n","protected":false},"author":1,"featured_media":188119,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvNzg2YjQ5MGMtNmI2MS00MzE1LTk4MjYtMTFiY2JjNmYzYzI4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,75166,74862,75163,74937,75378,75167,74863,74860,82402,74891,76111,75168,75164,75937,75557,73785],"class_list":["post-188118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-binance-coin","tag-bitcoin","tag-bitcoin-cash","tag-bitcoin-price","tag-cardano","tag-chainlink","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-ether-price","tag-ethereum","tag-litecoin-price","tag-polkadot","tag-price-analysis","tag-stellar","tag-xrp","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/188118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=188118"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/188118\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/188119"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=188118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=188118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=188118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}