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BTC, ETH, XRP, BNB and ADA Price Analysis for January 27

Price Analysis
Thu, 01/27/2022 - 15:47
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Denys Serhiichuk
How great are the chances to see the fall of the cryptocurrency market?
BTC, ETH, XRP, BNB and ADA Price Analysis for January 27
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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The bulls could not keep the rise going after yesterday's bounceback, and all of the top 10 coins are in the red zone again.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Yesterday afternoon, buyers were able to restore the price of Bitcoin (BTC) to the level of $38,950. At the end of the day, the fuse of the bulls dried up, and the bears immediately returned the pair below the level of the two-hour EMA55.

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

Tonight, the BTC price decline continued below the support of $36,000. During the day, the pair may sink to the $34,400 mark.

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BTC, DOGE and SHIB Price Analysis for January 25

If the pressure of the bears does not weaken at this level, then in the second half of this week, the price can test the support of $32,500.

Bitcoin is trading at $37,036 at press time.

ETH/USD

Yesterday, the price of Ethereum (ETH) recovered to the $2,700 mark. The daily high is fixed at $2,725. Late in the evening, selling volumes began to pick up, and the bears pushed the price below the two-hour EMA55.

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

This morning, the pair rolled back to the area of $2,450, and if buyers fail to stop the price from sliding below the level of $2,300, then by the end of the week, one can see an update of the January low around the psychological level of $2,000.

Ethereum is trading at $2,514 at press time.

XRP/USD

Despite yesterday's daily high at $0.66, the price of XRP has not been able to gain a foothold above the two-hour EMA55. By the end of the day, the sellers returned the price to the support of $0.60, and at night, the bears pushed the pair even lower.

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

As of this morning, the price of XRP has tested the level of $0.59.

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BTC, ETH, XRP, BNB, ADA, and SOL Price Analysis for January 24

If the bulls fail to seize the initiative in this area for further recovery to the resistance of $0.70, then the pair may reach the support of 0.50 USD before the upcoming weekend.

XRP is trading at $0.6146 at press time.

BNB/USD

Binance Coin (BNB) has followed the decline of Bitcoin (BTC), falling by 4.83% since yesterday.

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

After Binance Coin (BNB) has bounced off the support at $336, it keeps trading sideways, slightly approaching the zone of the most liquidity around $400. If bulls can get to this mark and fix above it, there are chances to see a bullish trend reversal. Such a scenario is relevant until mid-February.

BNB is trading at $375.4 at press time.

ADA/USD

Cardano (ADA) has lost less than BNB with a fall of $3.82.

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

Cardano (ADA) has come back to the zone above $1, which is good for bulls. If buyers can hold this mark and the trading volume increases, the current accumulation may be a prerequisite for further growth to the zone of the most liquidity around $1.30.

ADA is trading at $1.058 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.