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BTC, ETH, XRP and DOGE Price Analysis for September 10

Price Predictions
Fri, 09/10/2021 - 15:24
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Denys Serhiichuk
Are there any coins that can rise while the market keeps going down?
BTC, ETH, XRP and DOGE Price Analysis for September 10
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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Bulls could not keep the initiative going for a long time and sellers have seized it, turning the market back to red again.

Top 10 coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Yesterday morning, the price of Bitcoin (BTC) was in a sideways consolidation with support at the level of $46,000. In the afternoon, buyers made an attempt to test the $47,745 level. But before the end of the day, the pair could not recover to the area of the two-hour EMA55.

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

Attempts to return to the area of average prices may be repeated today. If bulls can hold above the 61.8% Fibonacci level, then by the end of the week, recovery to the psychological level of $50,000 is possible.

Bitcoin is trading at $45,195 at press time.

ETH/USD

Yesterday, the Ethereum (ETH)  price tried to stay in a sideways range with support at $3,400. During the day, trading volumes were small, but market participants tried to expand the boundaries of the sideways range.

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

As a result, sellers were unable to break through the strong support of $3,400, and buyers were unable to test the two-hour EMA55.

Related
BTC, ETH and XRP Price Analysis for September 8

One believes that, today, bulls can restore the pair to the area of average prices and, by the end of this week, they will be able to overcome the resistance of $3,600.

Ethereum is trading at $3,260 at press time.

XRP/USD

Yesterday, the bears were unable to strengthen the onslaught and the XRP price continued to consolidate in a sideways range around the POC line.

XRP/USD chart by TradingView
XRP/USD chart by TradingView

Some random bullish impulse broke through the two-hour EMA55 tonight and set a local high at $1.244. Most likely, in the morning, the pair can return to the area of average prices and try to stay above the Point of Control line.

Related
Bitcoin (BTC) Price Analysis for September 8

If sellers are unable to resume the bearish onslaught by the end of the week, then the XRP price may recover to the resistance area of $1.30.

XRP is trading at $1.056 at press time.

DOGE/USD

The rate of DOGE has fallen by almost 7% over the past 24 hours.

DOGE/USD chart by Trading View
DOGE/USD chart by Trading View

After a test of the resistance level at $0.2612, bulls could not seize the initiative and made a false breakout. At the moment, a further drop is more likely than a rise as sellers keep pushing the rate deeper. In this case, the more likely price action is the test of the liquidity level at $0.2019 where a possible bounceback might happen.

DOGE is trading at $0.2389 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, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.