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BTC, ETH, ADA, BNB, XLM and DOGE Price Analysis for February 18

Price Predictions
Thu, 02/18/2021 - 15:29
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Denys Serhiichuk
Can Bitcoin (BTC) remain the example for altcoins to follow?
BTC, ETH, ADA, BNB, XLM and DOGE Price Analysis for February 18
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Buyers keep dominating on the market; however, not all coins from the top 10 list are in the green zone.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

The key data on Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Binance Coin (BNB), Stellar (XLM) and DOGE:

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin 

BTC

$961,504,642,719 $51,454.17 $76,234,542,558 0.49%

Ethereum

ETH

$219,418,600,749 $1,902.99 $40,532,275,823 4.61%

Cardano 

ADA

$29,096,379,437 $0.9275 $6,435,404,145 6.28%

Binance Coin

BNB

$29,146,120,661 $191.01 $7,763,732,267 33.44%

Stellar

XLM

$11,157,883,162 $0.4964 $1,856,394,030 1.46%

DOGE

DOGE

$6,526,312,573 $0.05215 $3,350,573,885 -1.22%

BTC/USD

Buyers increased their volume yesterday morning and continued their bull run, setting the daily high around the $51,720 mark. After lunch, the volume of purchases decreased, but at the end of the day, a new bullish impulse formed. It updated the absolute price record of Bitcoin (BTC) to $52,640. At the same time, the total capitalization of the cryptocurrency market exceeded $1.5 trillion.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

Growth stopped at night and the BTC price consolidated in a narrow sideways range with support at $52,000. It looks like the bulls are going to continue running into the $54,000 area this morning.

Bitcoin is trading at $51,776 at press time.

ETH/USD

Yesterday morning, support at $1,750 stopped the decline and reversed the Ethereum (ETH) price to recovery. Before lunchtime, buyers managed to overcome the resistance of $1,800, and at the end of the day, they restored the pair to the zone of the recent maximum.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

Last night, the Ethereum (ETH) price set a new absolute maximum at $1.918, and in the morning, it pulled back began, which could return the pair to the average price area ($1,800).

Related
BTC, ETH and XRP Price Analysis for February 17

If the two-hour EMA55 stops the decline, then before the end of this week, the ETH/USD pair will have time to test the psychological level of $2,000.

Ethereum is trading at $1,916 at press time.

ADA/USD

Cardano (ADA) is the second-most growing coin today. Its rate has gone up by 6% since yesterday.

ADA/USD chart by TradingView
ADA/USD chart by TradingView

On the daily chart, Cardano (ADA) is about to retest the resistance at $0.982. Thus, there are high chances for bulls to break it as buyers keep dominating based on the trading volume. In this case, the new high might be around the level of $1.10.

Cardano is trading at $0.9343 at press time.

BNB/USD

Binance Coin (BNB) keeps setting new peaks. The rate of the native exchange token has rocketed by 33% over the past 24 hours.

BNB/USD chart by TradingView
BNB/USD chart by TradingView

From the technical point of view, Binance Coin (BNB) might face a short-term decline as the coin is overbought according to the value of the RSI indicator. In this regard, the drop is possible to the closest level at $178.

Binance Coin is trading at $191.86 at press time.

XLM/USD

The rate of Stellar (XLM) has risen slightly since yesterday. The price change has made up 1.16%.

XLM/USD chart by TradingView
XLM/USD chart by TradingView

Stellar (XLM) may have finished the correction enough to keep the growth. Respectively, a rise is possible to the previous resistance level at $0.60 within the nearest days.

Stellar is trading at $0.4996 at press time.

DOGE/USD

DOGE is the only coin from the list that is trading in the red zone.

DOGE/USD chart by TradingView
DOGE/USD chart by TradingView

Although the rate of DOGE has gone down over the last day, it shows signals of short-term growth. Such a move is supported by the low selling trading volume. If the growth occurs, DOGE may come back to $0.06 soon.

DOGE is trading at $0.051 at press time.

 
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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.